Aspire & Innovative Advertising Ltd

Trading

Offer Period :

26th to 3rd Mar 2024

Aspire & Innovative Advertising Limited, established in 2017, specializes in consumer durables from top brands like Bajaj, Samsung, and Vivo. Operating on an asset-light model, Read more... they offer a diverse range of 50+ products through 15+ intermediaries across 19 warehouses in 16 states, serving rural and semi-urban communities.Read less

Aspire & Innovative Advertising Ltd IPO Details

IPO Date 26th to 3rd Mar 2024 Minimum Investment ₹108000 / 1 Lots
Listing Date 2024-04-03 Maximum Investment ₹108000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹21.97 Crores
Price ₹54 to ₹54 per share Fresh Issue ₹21.97 Crores
Lot Size 1 Lots (2000 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 26th to 3rd Mar 2024
Listing Date 2024-04-03
Face Value ₹10 per share
Price ₹54 to ₹54 per share
Lot Size 1 Lots (2000 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹108000 / 1 Lots
Maximum Investment ₹108000 / 1 Lots
Total Issue Size ₹21.97 Crores
Fresh Issue ₹21.97 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

26th Mar

IPO Starts

28th Mar

IPO Ends

1st Apr

Allotment Date

2nd Apr

Initiation of Refund

2nd Apr

Credit of Shares to Demat Account

3rd Apr

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 98.84 72.35
Public Group 1.16 27.65

Aspire & Innovative Advertising Ltd IPO Reservation

QIB Shares Offered 774000(19.03%)
NII (HNI) Shares Offered 580000(14.26%)
Retail Shares Offered 1354000(33.28%)
Anchor Investor Shares Offered 1156000(28.42%)
Total Shares Offered 4068000
Total Shares With Anchor Investor 4068000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Aspire & Innovative Advertising Ltd IPO Registrar

Bigshare Services Pvt Ltd
Phone Number +91 22 6263 8200;
Email Id ipo@bigshareonline.com
Our Website www.bigshareonline.com

Aspire & Innovative Advertising Ltd IPO Lead Manager

1. Hem Securities Ltd

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Aspire & Innovative Advertising Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Aspire & Innovative Advertising Ltd

1. Strong portfolio and diverse range of products across consumer preferences.

2. Diversified revenue from multiple locations including rural and semi urban geographies of India.

3. Quality Assurance ensuring standardized product quality.

4. Network of Warehousing and Transportation Facilities across various geographies.

Risks Involved

1. The company is dependent upon third parties for trading and supply of all of the products the company sell, with whom its may not have long term contracts or exclusive supply arrangements. Any delay or failure on the part of such vendors to deliver products, may adversely affect its business, profitability and reputation.

2. Its historical performance is not indicative of the company's future growth or financial results and its may not be able to sustain the company's historical growth rates.

3. Its future growth is dependent upon the company's ability to identify and maintain new products, technologies and customers that achieve market acceptance with acceptable margins.

4. The company does not own the registered office and corporate office from which its carry out the company's business activities. In case of nonrenewal of rent agreements or dispute in relation to use of the said premise, its business and results of operations can be adversely affected.

5. Dependence upon third party for transportation and warehousing services for supply and transportation of its products are subject to various uncertainties and risks, and delays in delivery may result in rejection of products by customer. If warehousing lease agreements are not renewed/inadequately executed, its operations may be affected adversely.

6. The company is highly dependent on certain key intermediaries like NBFCs, NBFC-MFIs etc. for selling of its products to the company's customers and generate substantial portion of its revenues. Loss of relationship with any of these intermediaries may have a material adverse effect on its profitability and results of operations.

7. A significant portion of its revenue is generated from sales of the company's top five products. The loss of customers who purchase these products, or a significant reduction in the production and sales of, or demand for said products may adversely affect its business, financial condition, results of operations and prospects.

8. The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.

9. The company may be subject to risks associated with product warranty for the brand products.

10. Expansion into existing and new geographic regions and markets may subject it to various challenges.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Aspire & Innovative Advertising Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-04-03 92682 ASPIRE
INE0S7801010
₹54 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹54 ₹54
Open ₹0 ₹56.5
Low ₹0 ₹56.25
High ₹0 ₹59.3
Low ₹0 ₹56.25

Frequently Asked Questions

What is Aspire & Innovative Advertising Ltd IPO?

Answer Field

Aspire & Innovative Advertising Ltd IPO is a SME IPO of 40,68,000 equity shares of a face value of ₹10 aggregating up to ₹21.97 Crores. The issue is priced at ₹54 to ₹54 per share. The minimum order quantity is 2000 Shares. The IPO opens on March 26, 2024, and closes on March 28, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Aspire & Innovative Advertising Ltd IPO will open?

Answer Field

The Aspire & Innovative Advertising Ltd IPO opens on March 26, 2024 and closes on March 28, 2024.

What is the lot size of Aspire & Innovative Advertising Ltd?

Answer Field

Aspire & Innovative Advertising Ltd lot size is 2000 shares, and the minimum amount required is ₹1,08,000.

How to apply for Aspire & Innovative Advertising Ltd IPO?

Answer Field

You can apply in Aspire & Innovative Advertising Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Aspire & Innovative Advertising Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Aspire & Innovative Advertising Ltd IPO will be done on April 01, 2024, and the allotted shares will be credited to your demat account by April 02, 2024.

When is Aspire & Innovative Advertising Ltd IPO listing date?

Answer Field

The Aspire & Innovative Advertising Ltd listing date is April 03, 2024.

Who is the registrar of Aspire & Innovative Advertising Ltd IPO?

Answer Field

The registrar of Aspire & Innovative Advertising Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Hem Securities Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Aspire & Innovative Advertising Ltd IPO?

Answer Field

The fresh issue size is ₹21.97 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Aspire & Innovative Advertising Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 2000 shares and ₹1,08,000 amount.

How can I approve the UPI mandate request for Aspire & Innovative Advertising Ltd IPO?

Answer Field

To apply for Aspire & Innovative Advertising Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Aspire & Innovative Advertising Ltd?

Answer Field

The price of each Aspire & Innovative Advertising Ltd share will be ranging in between ₹54 to ₹54 per share.

What is the cut-off time for the UPI mandate for Aspire & Innovative Advertising Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, March 28, 2024.

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