Last updated on April 3, 2024
Aspire and Innovative Advertising IPO description – Aspire & Innovative Advertising specializes in trading diverse consumer durables, including kitchen appliances, home appliances, white goods, mobile phones and accessories, solar products, and more. They offer products from various renowned brands such as Bajaj, Prestige, Vivo, Samsung, Crompton, Whirlpool, Hindware, Havells, and many others. The range of products is offered at various prices to cater to diverse customer needs across India, focusing on delivering products primarily in rural and semi-urban areas.
For the period ending 30 September 2023, and the fiscal year 2023, the total turnover from the sale of products under the company’s brand was INR 18.38 crore and INR 16.37 crore, respectively. This accounted for 10.82% and 5.21% of the total revenue from the trading business, respectively. As of December 2023, the company has collaborated with over 15 intermediaries for marketing various products at different locations.
The company’s product portfolio includes over 50 items, ranging from pressure cookers, induction cooktops, and mixer grinders to dinner sets, sewing machines, ceiling fans, irons, inverter bulbs, electric heaters, mobile phones, televisions, refrigerators, washing machines, headphones, solar lanterns, and more.
As of 30 November 2023, the company has employed 49 permanent full-time employees, including managerial personnel.
Promoters of Aspire and Innovative Advertising – Nitesh Agarwalla and Rinku Agarwalla
Table of Contents
Aspire and Innovative Advertising IPO Details
| Aspire and Innovative Advertising IPO Dates | 26 – 28 March 2024 |
| Aspire and Innovative Issue Price | INR 51 – 54 per share |
| Fresh issue | 4,068,000 shares (INR 20.75 – 21.97 crore) |
| Offer For Sale | NIL |
| Total IPO size | 4,068,000 shares (INR 20.75 – 21.97 crore) |
| Minimum bid (lot size) | 2,000 shares (INR 108,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE SME |
Aspire and Innovative Advertising Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 |
| Revenue | 108.12 | 255.38 | 345.72 | 176.58 |
| Expenses | 105.13 | 249.45 | 339.00 | 171.73 |
| Net income | 2.28 | 4.37 | 5.31 | 3.93 |
Aspire and Innovative Advertising Offer News
- Aspire and Innovative Advertising RHP
- Aspire and Innovative Advertising Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Aspire and Innovative Advertising Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 2.25 | 3.95 | 4.78 |
| PE ratio | – | – | 10.67 – 11.30 |
| RONW (%) | 43.72 | 42.86 | 34.22 |
| NAV | 5.16 | 9.22 | 13.96 |
| ROCE (%) | 55.98 | 55.45 | 30.79 |
| EBITDA (%) | 2.95 | 2.52 | 2.11 |
| Debt/Equity | 0.11 | 0.11 | 0.57 |
Aspire and Innovative Advertising IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 2 April 2024 | 7 | – | 11,000 |
| 1 April 2024 | 7 | – | 11,000 |
| 30 March 2024 | 8 | – | 12,000 |
| 29 March 2024 | 8 | – | 12,000 |
| 28 March 2024 | 8 | – | 12,000 |
| 27 March 2024 | 10 | – | 15,000 |
| 26 March 2024 | 10 | – | 15,000 |
Aspire and Innovative Advertising IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 774,000 | 580,000 | 1,354,000 | 2,708,000 |
| 28 Mar 2024 | 5.21 | 25.96 | 16.39 | 15.25 |
| 27 Mar 2024 | 2.92 | 1.72 | 5.92 | 4.16 |
| 26 Mar 2024 | 2.91 | 0.70 | 2.48 | 2.22 |
The market maker reservation portion of 204,000 shares is not included in the above calculations.
Aspire and Innovative Advertising IPO Allotment Status
Aspire and Innovative Advertising IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Aspire and Innovative Advertising IPO Dates & Listing Performance
| IPO Opening Date | 26 March 2024 |
| IPO Closing Date | 28 March 2024 |
| Finalization of Basis of Allotment | 1 April 2024 |
| Initiation of refunds | 2 April 2024 |
| Transfer of shares to demat accounts | 2 April 2024 |
| IPO Listing Date | 3 April 2024 |
| Opening Price on NSE SME | INR 56.50 per share (up 4.63%) |
| Closing Price on NSE SME | INR 59.30 per share (up 9.81%) |
Aspire and Innovative Advertising Offer Lead Manager
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Phone: +91- 022- 49060000
Email:Â [email protected]
Website:Â www.hemsecurities.com
Aspire and Innovative Advertising Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone:Â +91 22 6263 8200
Email:Â Â [email protected]
Website:Â www.bigshareonline.com
Aspire and Innovative Advertising IPO Contact Details
ASPIRE & INNOVATIVE ADVERTISING LIMITED
Plot No. 52, Sector-44,
Gurugram- 122003, Haryana, India
Phone: +91-124-2213055
E-mail: [email protected]
Website: www.aspireinnovate.in
IPO FAQs
What is the Aspire and Innovative Advertising offer size?
Aspire and Innovative Advertising offer size is INR 20.75 – 21.97 crores.
What is the Aspire and Innovative Advertising offer price band?
Aspire and Innovative Advertising public offer price is INR 51 – 54 per share.
What is the lot size of the Aspire and Innovative Advertising IPO?
Aspire and Innovative Advertising offer lot size is 2,000 shares.
What is Aspire and Innovative Advertising IPO GMP today?
Aspire and Innovative Advertising IPO GMP today is INR 7 per share.
What is the Aspire and Innovative Advertising kostak rate today?
Aspire and Innovative Advertising kostak rate today is NA per application.
What is Aspire and Innovative Advertising Subject to Sauda rate today?
Aspire and Innovative Advertising are Subject to the Sauda rate today is INR 11,000 per application.
