Aspire & Innovative Advertising Limited IPO (Aspire & Innovative IPO)

Aspire & Innovative Limited IPO
Upcoming Aspire & Innovative IPO | New Aspire & Innovative IPO

Aspire & Innovative Advertising Limited deals in consumer durables, including kitchen appliances, home appliances, white goods, mobile phones and accessories, solar products, and more. The company deals in products from renowned brands such as Bajaj, Prestige, Vivo, Samsung, Crompton, Whirlpool, Hindware, Havells, and many others.

The company’s asset-light model incurs expenses for facilitation fees and commissions paid to intermediaries. The company provides services such as marketing, field staff interaction, demand collation, and financial services to customers in rural and semi-urban communities.

The company offers 50+ products, including cookware, electronics, and appliances such as pressure cookers, induction cooktops, mixer grinders, dinner sets, sewing machines, fans, irons, bulbs, heaters, phones, TVs, refrigerators, washing machines, headphones, and solar lanterns.

The company has commercial arrangements with 15+ intermediaries and operates 19 warehouses in 16 states. As of November 30, 2023, the company has 49 full-time employees, including managers.

Aspire & Innovative IPO

Aspire & Innovative IPO – Details

IPO Opening Date26 March 2024
IPO Closing Date28 March 2024
Issue TypeBook Built Issue IPO
Issue Size40,68,000 Shares Worth ₹21.97 Crore
Fresh Issue: 40,68,000 Shares Worth ₹21.97 Crore
Face Value₹10 per equity share
IPO Price₹51 – ₹54
Market Lot2000 Shares
Min Order2000 Shares (1 Lot)
Listing AtNSE SME
RegisterBigshare Services Pvt Ltd
QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Aspire & Innovative IPO – Date Schedule

IPO Open Date26 March 2024
IPO Close Date28 March 2024
Basis of Allotment01 April 2024
Initiation of Refund02 April 2024
Credit of Shares to Demat Account02 April 2024
IPO Listing Date03 April 2024
Cut-off time for UPI mandate confirmation5 PM on March 28, 2024

Aspire & Innovative IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)12000₹1,08,000
Retail (Maximum)12000₹1,08,000
HNI (Minimum)24000₹2,16,000

Competitive Strengths

  • Strong portfolio and diverse range of products across consumer preferences;
  • Diversified revenue from multiple locations including rural and semi urban geographies of India;
  • Quality Assurance ensuring standardized product quality;
  • Network of Warehousing and Transportation Facilities across various geographies.

Company Promoters

  • Nitesh Agarwalla
  • Rinku Agarwalla

Object Of The Issue

  • To meet Working Capital requirements; and
  • To finance the cost of establishing new warehouses;
  • General Corporate Purpose.
Aspire & Innovative IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 2021108.33105.122.270.55
31 March 2022255.58249.444.371.11
31 March 2023346.20339.005.308.81
30 September 2023177.10171.723.9311.60
Amount in ₹ Crore

Key Performance Indicator

PAT Margin (%)2.23
EPS (Rs)4.785.18
P/E (x)11.310.42

Aspire & Innovative IPO Promoter Holding

Pre Issue Share Holding98.84%
Post Issue Share Holding

Aspire & Innovative IPO Prospectus

Company Contact Information

Aspire & Innovative Advertising Limited

C-4 Baldev Park
East Delhi -110051,

Phone: +91-124-2213055

Aspire & Innovative IPO Registrar

Bigshare Services Pvt Ltd

+91-22-6263 8200

Aspire & Innovative IPO Lead Manager(s)

1. Hem Securities Limited

Aspire & Innovative IPO FAQs

Aspire & Innovative IPO FAQs
What is Aspire & Innovative IPO?

Aspire & Innovative IPO is a SME IPO. The issue is priced at ₹51 – ₹54 per equity share. The IPO is to be listed on NSE SME.
When Aspire & Innovative IPO will open?

The IPO is to open on 26 March 2024 for QIB – 50%, NII – 15% and Retails – 35% Investors.
How to Aspire & Innovative IPO?

You can apply for Aspire & Innovative IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the Aspire & Innovative IPO through 5 Paisa?

Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Aspire & Innovative”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa.
How to Apply the Aspire & Innovative IPO through Edelweiss?

Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Aspire & Innovative”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss.
What is Aspire & Innovative IPO Size?

Aspire & Innovative IPO size is ₹21.97 crores.
What is Aspire & Innovative IPO Price Band?

Aspire & Innovative IPO Price Band is ₹51 – ₹54.
What is Aspire & Innovative IPO Minimum and Maximum Lot Size?

The minimum bid is 2000 Shares with ₹1,08,000 amount while the maximum bid is 2000 shares with ₹1,08,000.
What is the Aspire & Innovative IPO Allotment Date?

Aspire & Innovative IPO allotment date is  01 April 2024.
What is the Aspire & Innovative IPO Listing Date?

Aspire & Innovative IPO listing date is 03 April 2024. The IPO is to list on NSE SME.
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