Aspire & Innovative Advertising is scheduled to hit the market on March 26, 2024 and close on March 28, 2024. Aspire & Innovative Advertising plans to raise around ₹21.97 Cr through an IPO with a sale of up to 4,068,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Aspire & Innovative Advertising, founded in 2017, specializes in consumer durables, offering a wide range of products from renowned brands. They operate with an asset-light model, providing services and products to rural and semi-urban communities. With over 50 products available, including kitchen appliances, electronics, and more, the company has established itself as a key player in the market.
As of November 30, 2023, the company employs 49 full-time staff members, has commercial arrangements with over 15 intermediaries, and operates 19 warehouses across 16 states. Their commitment to quality and strategic partnerships has contributed to their success in the consumer durables sector.
Aspire & Innovative Advertising IPO Details
Aspire & Innovative Advertising IPO opens on March 26, 2024, and closes on March 28, 2024. The Listing date for Aspire & Innovative Advertising IPO is on April 3, 2024. The price band for IPO is ₹51 to ₹54 per share and lot size of 2000 Shares.
| IPO Date | Mar 26, 2024 to Mar 28, 2024 |
| Listing Date | April 3, 2024 |
| Price | ₹51 to ₹54 per share |
| Lot Size | 2000 Shares |
| Issue Size | ₹21.97 Cr |
| Face Value | ₹10 per share |
Aspire & Innovative Advertising IPO Tentative Timetable
Aspire & Innovative Advertising opening date is March 26, 2024 and close date is March 28, 2024. The IPO allotment date is April 01, 2024. The refund initiation of IPO is on April 02 2024. The credit of shares in demat account is on April 02, 2024. The listing date is on April 03, 2024.
| Event | Date |
|---|---|
| IPO Opening | Mar 26, 2024 |
| IPO Closing | Mar 28, 2024 |
| IPO Allotment Date | April 01, 2024 |
| Refund Initiation | April 02, 2024 |
| Shares Credit to Demat | April 02, 2024 |
| Lisiting Date | April 03, 2024 |
Aspire & Innovative Advertising IPO Lot Size
Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹108,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 2000 | ₹108,000 |
| Retail(Maximum) | 1 | 2000 | ₹108,000 |
| HNI (Minimum) | 2 | 4000 | ₹216,000 |
Aspire & Innovative Advertising IPO Promoter Holding
| Pre Issue Share Holding | 98.84% |
| Post Issue Share Holding |
Aspire & Innovative Advertising IPO Review
Aspire & Innovative Advertising's IPO presents a lucrative investment opportunity in the consumer durables sector, backed by its solid financial performance and strategic objectives. The company's revenue surged by 35.46% and profit after tax increased by 21.38% from March 2022 to March 2023, indicating a robust growth trajectory. With a diverse product portfolio comprising kitchen appliances, electronics, and mobile phones from reputed brands like Bajaj, Vivo, and Samsung, Aspire & Innovative caters to the needs of customers in rural and semi-urban areas with its extensive network of intermediaries and warehouses across 16 states.
Investors eyeing sustainable returns may find Aspire & Innovative Advertising IPO appealing, given its key performance indicators like a Return on Equity (ROE) of 22.50% and Return on Capital Employed (ROCE) of 18.59%, reflecting the company's efficient utilization of resources. The IPO's objectives, including meeting working capital requirements, expanding warehouse infrastructure, and pursuing general corporate activities, signify a clear roadmap for future growth and operational efficiency. Furthermore, with a post-issue EPS of Rs 5.18 and a competitive P/E ratio of 10.42, Aspire & Innovative's IPO underscores its potential for value creation and capital appreciation in the market.
In conclusion, Aspire & Innovative Advertising's IPO stands out as a promising investment avenue characterized by strong financial metrics, an expansive product range, and a well-defined growth strategy. The company's focus on enhancing customer outreach, maintaining healthy financial ratios, and optimizing operational efficiencies positions it favorably for sustained success in the competitive consumer durables industry. Investors seeking exposure to a dynamic and growth-oriented company may consider exploring the Aspire & Innovative IPO as a compelling opportunity in India's evolving market landscape.
Aspire & Innovative Advertising IPO Subscription Status (Bidding Details)
Table not foundAspire & Innovative Advertising IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Aspire & Innovative Advertising IPO FAQs
What is Aspire & Innovative Advertising IPO?
Aspire & Innovative Advertising is issuing 4,068,000 equity shares with a face value of ₹10 each, totaling up to ₹21.97 Cr. The shares are being offered at a price of ₹51 to ₹54 each, with a minimum order quantity of 2000 shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Aspire & Innovative Advertising IPO will open?
Aspire & Innovative Advertising will open on March 26, 2024 for QIB, NII, and Retail Investors.
When Aspire & Innovative Advertising IPO will end?
Aspire & Innovative Advertising will end on March 28, 2024.
What is Aspire & Innovative Advertising IPO Size?
Aspire & Innovative Advertising IPO size is ₹21.97 Cr.
What is Aspire & Innovative Advertising IPO Price Band?
Aspire & Innovative Advertising price band is ₹51 to ₹54 per share.
What is the Aspire & Innovative Advertising IPO Allotment Date?
Aspire & Innovative Advertising allotment date is April 01, 2024.
What is the Aspire & Innovative Advertising IPO Listing Date?
Aspire & Innovative Advertising listing date is April 03, 2024. The IPO is to be listed on BSE and NSE.
How to Aspire & Innovative Advertising IPO through Zerodha?
To apply for the IPO “Aspire & Innovative Advertising” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Aspire & Innovative Advertising IPO through Upstox?
To apply for the IPO “Aspire & Innovative Advertising” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Aspire & Innovative Advertising IPO Allotment Status?
For Aspire & Innovative Advertising IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Aspire & Innovative Advertising IPO GMP?
You can check out here: Aspire & Innovative Advertising IPO GMP