Aspire & Innovative Advertising Limited IPO Detail
Founded in 2017, Aspire & Innovative Advertising Limited deals in consumer durables, including kitchen appliances, home appliances, white goods, mobile phones and accessories, solar products, and more. They deal 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 commission paid to intermediaries. They provide 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.
Company Promoters
Nitesh Agarwalla and Rinku Agarwalla.IPO Details
| IPO Opening Date | Mar 26, 2024 |
| IPO Closing Date | Mar 28, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹51 - 54 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹21.97 Cr |
| Fresh Issue | ₹21.97 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 2.91x | 0.00x | 0.00x | 0.70x | 2.57x | 2.26x |
| Day 2 | 2.92x | 0.00x | 0.00x | 1.38x | 6.00x | 4.13x |
| Day 3 | 5.21x | 0.00x | 0.00x | 25.60x | 16.39x | 15.17x |
IPO Tentative Timetable
The Aspire & Innovative Advertising Limited IPO open date is Mar 26, 2024, and the close date is Mar 28, 2024. The issue may list on Apr 03, 2024.
| IPO Open Date | Mar 26, 2024 |
| IPO Close Date | Mar 28, 2024 |
| Basis of Allotment Date | Apr 01, 2024 |
| Initiation of Refunds | Apr 01, 2024 |
| Credit of Shares to Demat Account | Apr 02, 2024 |
| IPO Listing Date | Apr 03, 2024 |
IPO Lot Size
The Aspire & Innovative Advertising Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹108000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹108000 |
| Maximum | 1 | 2000 | ₹108000 |
IPO Promoter Holding
| Pre Issue Share Holding | 98.84% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 3492.07 | 10833.44 | 227.75 |
| 31-Mar-22 | 5328.01 | 25558.30 | 437.36 |
| 31-Mar-23 | 6256.99 | 34620.10 | 530.85 |
| 30-Sep-23 | 8135.72 | 17710.29 | 393.28 |
Objects of the Issue:
The company intends to utilize the proceeds of the Issue to meet the following objects:
- To meet Working Capital requirements; and
- To finance the cost of establishing new warehouses
- General Corporate Purpose.
Aspire & Innovative Advertising Limited IPO Registrar:
Bigshare Services Pvt Ltd
Aspire & Innovative Advertising Limited IPO Lead Manager(s):
Hem Securities Limited
Company Contact Information:
Aspire & Innovative Advertising Limited
C-4 Baldev Park
Shahdara
East Delhi -110051
