21-Mar-2024
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Aspire & Innovative Advertising is offering a book-built issue, with a 100% fresh issue of 40.68 Lakhs of shares worth Rs 21.97 Cr. The price band is Rs 51 to Rs 54 per share, and the lot size for the application is 2000 shares. The investors can apply for the same from March 26, 2024 till March 28, 2024. The IPO is managed by Hem Securities Limited, that is the book-running lead manager whereas Bigshare Services Pvt Ltd has been appointed as the registrar for the issue. The listing will be on the National Stock Exchange (NSE) SME segment.
About Aspire & Innovative Advertising Limited
The company is engaged in the business of trading of wide range of consumer durables like kitchen appliances, home appliances, white goods, mobile phones and its accessories, solar products etc. of multiple renowned brands such as Bajaj, Prestige, Vivo, Samsung, Crompton, Whirlpool, Hindware, Havells and many more. The range of products that company are offered at different price points to meet diverse customer requirements across India along with delivery of products mainly in the rural and semi urban areas. They provide one platform that bring multiple brands under one umbrella so as to fulfil the requirements of the customer thus, improving their lifestyles.
Primary Objectives of public issue of Aspire & Innovative Advertising
The company proposes to utilize the Net Proceeds for Funding capital expenditure towards establishment of Additional Warehousing facilities, funding to meet working capital requirements and general corporate purposes.
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Financial Performance of Aspire & Innovative Advertising Limited (In Rs Lakhs)
The Company reported its net revenue of 346.20 Cr and Profit after Tax of 5.30Cr, which is incremented by 35.46% and 21.38% respectively, for the year ended March 31, 2023.
| Period Ended | 30-Sep-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 8,135.72 | 6,256.99 | 5,328.01 | 3,492.07 |
| Revenue | 17,710.29 | 34,620.10 | 25,558.30 | 10,833.44 |
| Profit After Tax | 393.28 | 530.85 | 437.36 | 227.75 |
| Net Worth | 1,944.53 | 1,551.25 | 1,020.39 | 520.98 |
| Reserves and Surplus | 833.53 | 1,440.15 | 909.29 | 519.98 |
| Total Borrowing | 1,160.89 | 881.53 | 111.02 | 55.91 |
Important Details of Aspire & Innovative Advertising IPO 2024
| IPO Date | March 26, 2024 to March 28, 2024 |
| Listing Date | April 3, 2024 |
| Face Value | Rs 10 per share |
| Price Band | Rs 51 to Rs 54 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 4,068,000 shares (aggregating up to Rs 21.97 Cr) |
| Fresh Issue | 64,068,000 shares (aggregating up to Rs 21.97 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 11,110,000 |
| Shareholding post issue | 15,178,000 |
Tentative Timetable of Aspire & Innovative Advertising IPO 2024
Aspire & Innovative Advertising IPO opens on March 26, 2024, and closes on March 28, 2024.
| IPO Open Date | March 26, 2024 |
| IPO Close Date | March 28, 2024 |
| Basis of Allotment | April 1, 2024 |
| Initiation of Refunds | April 2, 2024 |
| Credit of Shares to Demat | April 2, 2024 |
| Listing Date | April 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 28, 2024 |
Aspire & Innovative Advertising IPO Lot Size
A minimum of 2000 shares, i.e. 1 lot and in multiples thereof, can be purchased by investors.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | Rs. 108,000 |
| Retail (Max) | 1 | 2000 | Rs. 108,000 |
| HNI (Min) | 2 | 4000 | Rs. 216,000 |
Reservation of Aspire & Innovative Advertising IPO
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Key Performance Indicator of Aspire & Innovative Advertising Limited
| KPI | Values |
| ROE | 22.50% |
| ROCE | 18.59% |
| Debt/Equity | 0.6 |
| RoNW | 20.22% |
| P/BV | 3.09 |
Promoter Holding of Aspire & Innovative Advertising Limited IPO
| Shareholding Pre Issue | 98.84% |
| Shareholding Post Issue | 72.35% |
Promoter of the Aspire & Innovative Advertising Limited
The promoters of the company is Nitesh Agarwalla and Rinku Agarwalla.
Lead Manager(s) of Aspire & Innovative Advertising IPO 2024
The lead manager(s) of Aspire & Innovative Advertising IPO 2024 is Hem Securities Limited.
How to Apply for Aspire & Innovative Advertising Limited IPO 2024
Wait for the public issue to open for subscription, then click here to apply for the Aspire & Innovative Advertising Limited IPO with Bigul.
How to Check Allotment Status of Aspire & Innovative Advertising Limited IPO 2024
The registrar for Aspire & Innovative Advertising Limited IPO 2024 is Bigshare Services Pvt Ltd. You can check your allotment status by clicking here.
FAQs
- When is the IPO scheduled to open and close?
Aspire & Innovative Advertising IPO is scheduled to open on March 26, 2024, investors can apply for the same till its closing date which is March 28, 2024.
- What will be the price band for the IPO?
Aspire & Innovative Advertising Limited IPO price band is decided from Rs 51 to Rs 54 per share, an investor can bid from that given price range, for the maximum probability of getting allotted an investor should bid the maximum price of the given band range.
- What are the main objectives of this IPO?
The company proposes to utilize the Net Proceeds for Funding capital expenditure towards establishment of Additional Warehousing facilities, funding to meet working capital requirements and general corporate purposes.
- How has Aspire & Innovative Advertising Limited performed financially?
The Company reported its net revenue of 346.20 Cr and Profit after Tax of 5.30Cr, which is incremented by 35.46% and 21.38% respectively, for the year ended March 31, 2023.
- What are the key performance indicators of Aspire & Innovative Advertising Limited?
Key performance indicators reported an ROE of 22.50%, a ROCE of 18.59%, a RoNW of 20.22%, and with a PAT margin of 2.23%.
- How can I apply for the Aspire & Innovative Advertising IPO?
Once the Aspire & Innovative Advertising Limited IPO opens for subscription, you can apply for it by clicking here with us on bigul.
- How can I check the allotment status of the IPO?
Investors can check the allotment status of the Aspire & Innovative Advertising IPO by visiting here.
- Who are the promoters of Aspire & Innovative Advertising Limited?
The promoter of Aspire & Innovative Advertising Limited are Nitesh Agarwalla and Rinku Agarwalla.
- Where will the IPO be listed?
The IPO will be listed on the National Stock Exchange (NSE) SME Segment.
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