ASPIRE & INNOVATIVE ADVERTISING LIMITED

26 Mar 2024 - 28 Mar 2024 Individual Category SME IPO NSE

Min Investment

₹108000

Price Band

₹51-₹54

Issue Size

29.12 lakhs
Equity Shares

Lot Size

2000

IPO Dates
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26 Mar 2024

Open Date

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28 Mar 2024

Close Date

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01 Apr 2024

Allotment Date

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03 Apr 2024

Listing Date

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. 

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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. 

Founded

2017

Managing Director

Mr.Nitesh Agarwalla

Parent Organization

IPO Objectives

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. 

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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