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Aspire & Innovative IPO is a book build issue of ₹21.97 crores. The issue is entirely a fresh issue of 0.41 crore shares of ₹21.97 crore.
Aspire & Innovative IPO bidding started from Mar 26, 2024 and ended on Mar 28, 2024. The allotment for Aspire & Innovative IPO was finalized on Apr 1, 2024. The shares got listed on NSE SME on Apr 3, 2024.
Aspire & Innovative IPO price band is set at ₹54.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,02,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,16,000.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Finlease Pvt.Ltd..
Refer to Aspire & Innovative IPO RHP for detailed Information.
| IPO Date | March 26, 2024 to March 28, 2024 |
| Listing Date | April 3, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹51 to ₹54 per share |
| Issue Price Final | ₹54 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 40,68,000 shares (aggregating up to ₹21.97 Cr) |
| Reserved for Market Maker | 2,04,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹1.10 Cr) |
| Net Offered to Public | 38,64,000 shares (aggregating up to ₹20.87 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,11,10,000 shares |
| Share Holding Post Issue | 1,51,78,000 shares |
Aspire & Innovative IPO offers total 40,68,000 shares. Out of which 19,30,000 (47.44%) allocated to QIB, 7,74,000 (19.03%) allocated to QIB, 5,80,000 (14.26%) allocated to NII, 13,54,000 (33.28%) allocated to RII and 11,56,000 (28.42%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,04,000 (5.01%) |
| QIB Shares Offered | 19,30,000 (47.44%) |
| − Anchor Investor Shares Offered | 11,56,000 (28.42%) |
| − QIB (Ex. Anchor) Shares Offered | 7,74,000 (19.03%) |
| NII (HNI) Shares Offered | 5,80,000 (14.26%) |
| Retail Shares Offered | 13,54,000 (33.28%) |
| Total Shares Offered | 40,68,000 (100.00%) |
Aspire & Innovative IPO raises ₹6.24 crore from anchor investors. Aspire & Innovative IPO Anchor bid date is March 22, 2024. Aspire & Innovative IPO Anchor Investors list
| Bid Date | March 22, 2024 |
| Shares Offered | 11,56,000 |
| Anchor Portion Size (In Cr.) | 6.24 |
| Anchor lock-in period end date for 50% shares (30 Days) | May 1, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 30, 2024 |
Aspire & Innovative IPO opens on March 26, 2024, and closes on March 28, 2024.
| IPO Open Date | Tue, Mar 26, 2024 |
| IPO Close Date | Thu, Mar 28, 2024 |
| Tentative Allotment | Mon, Apr 1, 2024 |
| Initiation of Refunds | Tue, Apr 2, 2024 |
| Credit of Shares to Demat | Tue, Apr 2, 2024 |
| Tentative Listing Date | Wed, Apr 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Mar 28, 2024 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,08,000 |
| Retail (Max) | 1 | 2,000 | ₹1,08,000 |
| HNI (Min) | 2 | 4,000 | ₹2,16,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Founded in 2017, Aspire & Innovative Advertising Limited deals in consumer durables, including kitchen appliances, home appliances, white goods, mobile phones and accessories, solar products, and more. They deal in products from renowned brands such as Bajaj, Prestige, Vivo, Samsung, Crompton, Whirlpool, Hindware, Havells, and many others.
The company's asset-light model incurs expenses for facilitation fees and commission paid to intermediaries. They provide services such as marketing, field staff interaction, demand collation, and financial services to customers in rural and semi-urban communities.
The company offers 50+ products, including cookware, electronics, and appliances such as pressure cookers, induction cooktops, mixer-grinders, dinner sets, sewing machines, fans, irons, bulbs, heaters, phones, TVs, refrigerators, washing machines, headphones, and solar lanterns.
The company has commercial arrangements with 15+ intermediaries and operates 19 warehouses in 16 states.
As of November 30, 2023, the company has 49 full-time employees, including managers.
Aspire & Innovative Advertising Limited's revenue increased by 35.46% and profit after tax (PAT) rose by 21.38% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 8,135.72 | 6,256.99 | 5,328.01 | 3,492.07 |
| Total Income | 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 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Aspire & Innovative IPO is ₹81.96 Cr.
KPI as of Sat, Sep 30, 2023.
| KPI | Values |
|---|---|
| ROE | 22.50% |
| ROCE | 18.59% |
| Debt/Equity | 0.60 |
| RoNW | 20.22% |
| PAT Margin | 2.23% |
| Price to Book Value | 3.09 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 4.78 | 5.18 |
| P/E (x) | 11.3 | 10.42 |
The company intends to utilize the proceeds of the Issue to meet the following objects:
[Dilip Davda] The company is majorly engaged in trading business with a minor portion is coming from its logistics and display advertising activities. It operates on third party products. Though the issue appears reasonably priced based on its FY2 annualized earnings, it’s a “High Risk/Low Return” bet. Well-informed investors may park moderate funds for the medium term rewards. Read detail review...
| Listing Date | April 3, 2024 |
| BSE Script Code | |
| NSE Symbol | ASPIRE |
| ISIN | INE0S7801010 |
| Final Issue Price | ₹54 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹54.00 |
| Open | ₹56.50 |
| Low | ₹56.25 |
| High | ₹59.30 |
| Last Trade | ₹59.30 |
Aspire & Innovative Advertising Ltd.
C-4 Baldev Park
Shahdara
East Delhi -110051,
East Delhi, New Delhi
Phone: +91-124-2213055
Email: cs@aspireinnovate.in
Website: https://www.aspireinnovate.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: investor@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Aspire & Innovative IPO is a SME IPO of 40,68,000 equity shares of the face value of ₹10 aggregating up to ₹21.97 Crores. The issue is priced at ₹54 per share. The minimum order quantity is 2000.
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.
Zerodha customers can apply online in Aspire & Innovative IPO using UPI as a payment gateway. Zerodha customers can apply in Aspire & Innovative IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Aspire & Innovative IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Aspire & Innovative IPO opens on March 26, 2024 and closes on March 28, 2024.
Aspire & Innovative IPO lot size is 2000, and the minimum amount required for application is ₹1,08,000.
You can apply in Aspire & Innovative IPO online using either UPI or ASBA as a 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. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Aspire & Innovative IPO will be done on Monday, April 1, 2024, and the allotted shares will be credited to your demat account by Tuesday, April 2, 2024. Check the Aspire & Innovative IPO allotment status.
The Aspire & Innovative IPO listing date is on Wednesday, April 3, 2024.
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