Aspire and Innovative Advertising IPO GMP, Review, Price, Allotment

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Aspire and Innovative Advertising IPO GMP

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.

Aspire & Innovative Advertising

Promoters of Aspire and Innovative Advertising – Nitesh Agarwalla and Rinku Agarwalla


Aspire and Innovative Advertising IPO Details

Aspire and Innovative Advertising IPO Dates26 – 28 March 2024
Aspire and Innovative Issue PriceINR 51 – 54 per share
Fresh issue4,068,000 shares (INR 20.75 – 21.97 crore)
Offer For SaleNIL
Total IPO size4,068,000 shares (INR 20.75 – 21.97 crore)
Minimum bid (lot size)2,000 shares (INR 108,000)
Face Value INR 10 per share
Retail Allocation35%
Listing OnNSE SME

Aspire and Innovative Advertising Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2024
Revenue108.12255.38345.72176.58
Expenses105.13249.45339.00171.73
Net income2.284.375.313.93
Figures in INR Crores unless specified otherwise

Aspire and Innovative Advertising Offer News


Aspire and Innovative Advertising Valuations & Margins

FY 2021FY 2022FY 2023
EPS2.253.954.78
PE ratio10.67 – 11.30
RONW (%)43.7242.8634.22
NAV5.169.2213.96
ROCE (%)55.9855.4530.79
EBITDA (%)2.952.522.11
Debt/Equity 0.110.110.57
*Compiled by IPO Central from Prospectus

Aspire and Innovative Advertising IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
2 April 2024711,000
1 April 2024711,000
30 March 2024812,000
29 March 2024812,000
28 March 2024812,000
27 March 20241015,000
26 March 20241015,000

Aspire and Innovative Advertising IPO Subscription – Live Updates

CategoryQIBNIIRetailTotal
Shares Offered774,000580,0001,354,0002,708,000
28 Mar 20245.2125.9616.3915.25
27 Mar 20242.921.725.924.16
26 Mar 20242.910.702.482.22

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 Date26 March 2024
IPO Closing Date28 March 2024
Finalization of Basis of Allotment1 April 2024
Initiation of refunds2 April 2024
Transfer of shares to demat accounts2 April 2024
IPO Listing Date3 April 2024
Opening Price on NSE SMEINR 56.50 per share (up 4.63%)
Closing Price on NSE SMEINR 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[email protected]
Website: 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: +91 22 6263 8200
Email:  [email protected]
Website: 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.

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