Aspire & Innovative IPO Details ( Aspire & Innovative Advertising Limited IPO Review )
(26 Mar 2024 – 28 Mar 2024)
Established in 2017, Aspire & Innovative Advertising Limited specializes in various household items like kitchen appliances, electronics, mobile phones, solar products, and more. They offer products from well-known brands like Bajaj, Prestige, Vivo, Samsung, Crompton, Whirlpool, Hindware, Havells, and many others.
The company’s way of working involves minimal investment in assets but does require expenses for things like facilitation fees and commissions paid to middlemen. They provide services such as marketing, interacting with field staff, gathering demand, and offering financial services to customers in rural and semi-urban areas.
Their product range consists of over 50 items, covering 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.
As for distribution, the company has agreements with more than 15 intermediaries and runs 19 warehouses across 16 states.
As of November 30, 2023, the company employs 49 full-time staff members, including managers.
Aspire & Innovative Advertising Limited IPO Competitive Strength
- 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
Aspire & Innovative Advertising IPO Financials Performance ( Results )
Aspire & Innovative Advertising Limited Financial Information (Restated Standalone)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 3,492.07 | 10,833.44 | 227.75 | 2.25 | 520.98 | 5.16 | 519.98 | 55.91 |
| 31-Mar-22 | 5,328.01 | 25,558.30 | 437.36 | 3.95 | 1,020.39 | 9.22 | 909.29 | 111.02 |
| 31-Mar-23 | 6,256.99 | 34,620.10 | 530.85 | 4.78 | 1,551.25 | 13.96 | 1,440.15 | 881.53 |
| 30-Sep-23 | 8,135.72 | 17,710.29 | 393.28 | 3.54 | 1,944.53 | 17.50 | 833.53 | 1,160.89 |
Objective of Aspire & Innovative Advertising IPO Issue
- To meet Working Capital requirements; and
- To finance the cost of establishing new warehouses
- General Corporate Purpose.
Aspire & Innovative IPO Basic Details
| IPO Date | Mar 26, 2024 to Mar 28, 2024 |
| Listing Date | Wednesday, April 3, 2024 |
| Face Value | ₹10 per share |
| Price | ₹51 to ₹54 per share |
| Lot Size | 2000 Shares |
| Issue Size | 4,068,000 shares of ₹10 (aggregating up to ₹21.97 Cr) |
| Fresh Issue | 4,068,000 shares of ₹10 (aggregating up to ₹21.97 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 11,110,000 |
| Share holding post issue | 15,178,000 |
| Company Promoters | Nitesh Agarwalla and Rinku Agarwalla |
Aspire & Innovative IPO Reservation
| Anchor Investor Shares Offered | 28.42% of the Net Issue |
| Market Maker Shares Offered | 5.01% of the Net Issue |
| QIB Shares Offered | 19.03% of the Net Issue |
| NII (HNI) Shares Offered | 14.26% of the Net Issue |
| Retail Shares Offered | 33.28% of the Net Issue |
Aspire and Innovative IPO Timetable
Aspire and Innovative IPO will open on March 26, 2024 and close on March 28, 2024. You can join Aspire and Innovative IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 26 March 2024 (Tuesday) |
| Closing Date | 28 March 2024 (Thursday) |
| Basis of Allotment | 1 April 2024 (Monday) |
| Initiation of Refunds | 2 April 2024 (Tuesday) |
| Credit of Shares to Demat | 2 April 2024 (Tuesday) |
| Listing Date | 3 April 2024 (Wednesday) |
| Deadline for UPI mandate confirmation | 5 PM on March 2024 |
Aspire and Innovative IPO Lot Size
For retail investors in Aspire and Innovative IPO, 2000 shares will come in 1 lot or the minimum investment will be ₹108,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹108,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹108,000 |
| Retail (Max) | 1 | 2000 | ₹108,000 |
| S-HNI (Min) | 2 | 4000 | ₹216,000 |
Aspire & Innovative IPO Promoter Holding
The company’s promoters include Nitesh Agarwalla and Rinku Agarwalla.
| Pre Issue Share Holding | 98.84% |
| Post Issue Share Holding | 72.35% |
Aspire & Innovative Advertising Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 81.96 |
| Earning Per Share (EPS) | ₹4.78 per Equity Share |
| Net Asset Value (NAV) | ₹13.96 per Equity Share |
| P/E Ratio (P/E) (x) | 11.30 |
| Post P/E Ratio (P/E) (x) | 10.42 |
| Return on Net Worth (RoNW) (%) | 20.22 |
| Return on equity (ROE) (%) | 22.50 |
| Return on Capital Employed (ROCE) (%) | 18.59 |
| Debt/Equity Ratio | 0.60 |
| Price/Book Value Ratio | 3.09 |
Aspire & Innovative Advertising Ltd Peer Comparison
There are no listed companies in India that are comparable in all aspects of business and services that the Company provides. Hence, it is not possible to provide an industry comparison in relation to the Company.
Aspire & Innovative IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹4 | – | – |
| 27 March 2024 | ₹3 | – | – |
| 26 March 2024 | ₹4 | – | – |
Aspire & Innovative IPO Detail Video:
link
Aspire & Innovative IPO Subscription Status (Bidding Detail)
The Aspire & Innovative IPO on March 28, 2024 at 7:20:00 PM was subscribed 15.17 times, with the retail category being subscribed 16.39 times, the NII (Non-Institutional Investor) category being subscribed 25.60 times, QIB (Qualified-Institutional Buyers) category being subscribed 5.21 times.
| Category | Subscription |
| QIB | 5.21x |
| NII | 25.60x |
| Retail | 16.39x |
| Total | 15.17x |
Aspire & Innovative IPO Prospectus
| Aspire & Innovative IPO DRHP | Download |
| Aspire & Innovative IPO RHP | Download |
| Aspire & Innovative IPO Anchor Investors Details PDF | Download |
Aspire & Innovative IPO Rating
| Our Rating | 2.5/5.0 |
Aspire & Innovative Company Contact Information
Aspire & Innovative Advertising Limited
Registered Office: C-4 Baldev Park, Shahdara, East Delhi-110051, Delhi, India.
Corporate Office: Plot No. 52, Sector-44, Gurugram- 122003, Haryana, India.
Tel No: +91-124-2213055
E-mail: cs@aspireinnovate.in
Website: www.aspireinnovate.in
Contact Person: Rakesh, Company Secretary & Compliance Officer
Promoter of our Company: Nitesh Agarwalla and Rinku Agarwalla
Aspire & Innovative IPO Registrar
Bigshare Services Private Limited
Registered Office: Address: S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai – 400093, Maharashtra, India.
Tel. No.: +91 22 6263 8200;
Fax No.: +91 22 6263 8299
Email: ipo@bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Babu Rapheal C.
SEBI Registration Number: MB/INR000001385
CIN: U99999MH1994PTC076534
Aspire & Innovative IPO Lead Manager
Hem Securities Limited
Address: 904, A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road, Lower Parel, Mumbai-400013, Maharashtra, India.
Tel. No.: +91- 22- 49060000;
Email: ib@hemsecurities.com
Investor Grievance Email: redressal@hemsecurities.com
Website: www.hemsecurities.com
Contact Person: Ajay Jain
SEBI Registration Number: INM000010981
CIN: U67120RJ1995PLC010390
Aspire & Innovative IPO FAQs
What is the lot size of Aspire & Innovative IPO?
The total size of Aspire & Innovative IPO is ₹21.97 crores and this is a complete fresh Issue.
When will Aspire & Innovative IPO start?
Aspire & Innovative IPO will open from 26 March 2024 and IPO will close on 28 March 2024.
What is the open date of Aspire & Innovative IPO?
Aspire & Innovative IPO will open date from 26 March 2024.
What is the last date ( close date ) of Aspire & Innovative IPO?
Aspire & Innovative IPO will close from 28 March 2024.
What is the price band of Aspire & Innovative IPO?
Aspire & Innovative IPO price band is ₹51 to ₹54. ( Upper Price Band: ₹54, Lower Price Band: ₹51 )
What is the minimum amount required to apply for Aspire & Innovative IPO?
The minimum investment for retailers to apply for Aspire & Innovative IPO is ₹108,000 and the maximum investment is ₹108,000.
What is going on gray market premium of Aspire & Innovative IPO?
View gray market premium of Aspire & Innovative IPO by Clicking Here
How much is the GMP of Aspire & Innovative IPO?
Watch Aspire & Innovative IPO GMP Today: Click Here
What is the allotment date of Aspire & Innovative IPO?
The allotment date of Aspire & Innovative IPO is 1 April 2024.
How to check allotment status in Aspire & Innovative IPO?
To check the allotment status of Aspire & Innovative IPO, first of all go to the registrar website by clicking here, select your bad Aspire & Innovative IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Aspire & Innovative IPO?
The listing date of Aspire & Innovative IPO is 3 April 2024.
How much will be the listing gain in Aspire & Innovative IPO?
View listing gain of Aspire & Innovative IPO by Clicking Here
How much time Aspire & Innovative IPO is subscribed?
Total 15.17 times subscribed in Aspire & Innovative IPO out of which 16.39 times subscription was done in retail quota, 25.60 times subscription in NII quota and 5.21 times subscription in QIB quota.
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