Aspire & Innovative IPO Subscription Details

Bookbuilding IPO | ₹22 Cr | Listed at NSE SME | Tue, Mar 26, 2024 - Thu, Mar 28, 2024

Basis of Allotment - Aspire & Innovative IPO

Category QIB NII Retail Total
Ex. Anchor Anchor Investor Total QIB
Allocation (No. of shares)7,74,00011,56,00019,30,0005,80,00013,54,00038,64,000
Allotment price (Rs.)545454545454
No.of applications551090710,93211,849
No.of shares applied40,12,00011,56,00051,68,0001,47,78,0002,18,64,0004,18,10,000
Amount collected (Rs.cr.)21.66 6.24 27.91 79.80 118.07 225.77
No.of times subscribed5.181.002.6825.4816.1510.82
No.of shares allotted7,74,00011,56,00019,30,0005,80,00013,54,00038,64,000
Amount (Rs.cr.)4.18 6.24 10.42 3.13 7.31 20.87
No.of allottees5510211677898

IPO Shares Offered

Aspire & Innovative IPO is a public issue of 0.39 Cr equity shares. The issue offers 0.14 Cr shares to retail investors, 0.19 Cr shares to qualified institutional buyers, and 0.06 Cr shares to non-institutional investors.

CategoryShares OfferedAmt (₹ Cr.)Size (%)
Market Maker2,04,0001.10 5.01%
QIB 19,30,00010.42 47.44%
    Anchor 11,56,000 6.24 28.42%
    QIB (Ex Anchor) 7,74,000 4.18 19.03%
NII* 5,80,0003.13 14.26%
Retail13,54,0007.31 33.28%
Total40,68,00021.97 100%

Aspire & Innovative IPO Anchor Investor Allocation

A total of 11,56,000 shares at a price of Rs 54 per share will be allotted to the anchor investors.

Anchor investors bid opening dateMar 22, 2024
Anchor investor price₹54.00
Anchor investors as % of QIBs59.90%
No. of shares locked-in for 30 days5,78,000
No. of shares locked-in for 90 days5,78,000
S.No.Anchor InvestorGroup EntityNo. of Shares AllottedAmount (Rs.cr.)% Allotment within Anchor Investor Portion% Allotment of Issue
1 MONEYWISE FINANCIAL SERVICES PVT.LTD. MONEYWISE FINANCIAL SERVICES 2,36,000 1.27 20.42 5.80
2 NAV CAPITAL VCC NAV CAPITAL 2,36,000 1.27 20.42 5.80
3 RAJASTHAN GLOBAL SECURITIES PVT.LTD. RAJASTHAN GLOBAL SECURITIES 2,36,000 1.27 20.42 5.80
4 INDIA MAX INVESTMENT FUND LTD. INDIA MAX INVESTMENT FUND LTD. 2,34,000 1.26 20.24 5.75
5 MERU INVESTMENT FUND PCC-CELL 1 MERU INVESTMENT 2,14,000 1.16 18.51 5.26
11,56,0006.2410028.42

IPO Subscription FAQs

The Aspire & Innovative IPO is subscribed 15.17 times by Mar 28, 2024 19:30.

Aspire & Innovative IPO Subscription

Investor Category Subscription (times)
Qualified Institutional5.21
Non Institutional25.6
Retail Individual16.39
Total Subscription15.17

Retail category of Aspire & Innovative IPO subscribed 16.39 times as of date Mar 28, 2024 19:30. The public issue closes on Thu, Mar 28, 2024 for bidding.

An investor can apply in Aspire & Innovative IPO online via bank (using ASBA) or the broker (using UPI). The Aspire & Innovative IPO shares are offered online only.

The Aspire & Innovative IPO is subscribed 15.17 times by Mar 28, 2024 19:30.

The Aspire & Innovative IPO allotment status is expected on or around Monday, April 1, 2024. Visit Aspire & Innovative IPO allotment status to check.

The Aspire & Innovative IPO listing date is April 3, 2024. The equity share of Aspire & Innovative IPO will list on NSE SME.

Visit Aspire & Innovative IPO subscription status page for real-time bidding information about Aspire & Innovative IPO.

Aspire & Innovative IPO Timetable

IPO opens OnTuesday, March 26, 2024
IPO Closes OnThursday, March 28, 2024
Finalisation of Basis of AllotmentMonday, April 1, 2024
Initiation of RefundsTuesday, April 2, 2024
Credit of Shares to Demat AccountTuesday, April 2, 2024
IPO Listing DateWednesday, April 3, 2024
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