Aspire & Innovative Advertising IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Aspire & Innovative Advertising IPO Post Listing Review:
On 3 April, the scrip is listed at Rs. 56.50, premium of 4.63% over the issue-price of Rs. 54. This listing has been quite beow the expectations of the grey market.




What is the last GMP of Aspire & Innovative Advertising IPO?*
Premium: Rs.7
Subject to Rs. 10600

Check Subscription status of Aspire & Innovative Advertising IPO

On 28 March 2024 5.00 pm (Day 3) (Closed)
Review: So-so subscription on last day
QIB:        1932000 Shares     5.21 T
NII:           579600 Shares   25.60 T
RII:          1352400 Shares   16.39 T
Total:      3864000 Shares   15.17 T

What is the business of Aspire & Innovative Advertising?

Aspire & Innovative Advertising 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. Its range of products 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. It provides one platform that bring multiple brands under one umbrella so as to fulfil the requirements of the customer thus, improving their lifestyles.

It has entered into commercial arrangements with a large number of intermediaries like Non-Banking Financial Companies (NBFCs), Non-Banking Financial Companies (NBFCs)- Micro Finance Institutions (MFIs) along with Warehousing and Transportation facilities in 16 states in India. It has more than 15 intermediaries for marketing of its various products at various locations.

It operates an asset light business model, where our major expenditure is for payment of facilitation fees & commission to these intermediaries for their services which include services like marketing of its products to their existing customer base in rural and semi urban communities, allowing its field staff & trainers to interact with their customers, collation of expected demand and providing banking and financial services to them for buying its products. Based on such expected demand, it places orders with related product companies to deliver the required products at its different warehouses across various states of India. For the purpose of storing and then
delivering the products to customers, it has warehousing and transporting facility in 16 states of India from where it delivers these products at doorsteps of customers, mostly in the rural and semi-urban areas.

Get more information about the company @ https://www.aspireinnovate.in/

Aspire & Innovative Advertising IPO Details
IPO opens on  26 March 2024
IPO closes on  28 March 2024
Issue Type Book Built Issue IPO
Issue Size 4068000 Sh /Rs 21.97 Cr
* Fresh Issue 4068000 Sh /Rs 21.97 Cr
* Offer for Sale  – Sh /Rs – Cr
Market Maker Portion 204000 Sh.
Net offer to Public 3864000 Sh./Rs.20.87 Cr
Face Value per share Rs. 10
Price Band Rs. 51-54
Employee discount  Rs. 0 per share
Retail Lot Size  2000 Shares
Listing will at  NSE SME
Shares offered in Aspire & Innovative Advertising IPO
  Shares Rs. (Cr)
QIB (0%) 1932000 10.44
NII  (50%)   579600   3.13
RII  (50%) 1352400   7.30
Total Shares  3864000 20.87
Retail portion will be oversubscribed by  676
Forms
How much Shares to Apply in Aspire & Innovative Advertising IPO?
Min Retail Application 2000 Sh Rs. 108000
Min HNI Application  4000 Sh Rs.216000

Who are the Promoters of Aspire & Innovative Advertising IPO?
The promoters of the company are Nitesh Agarwalla and Rinku Agarwalla.

What are the Objects of Aspire & Innovative Advertising IPO?

The Offer comprises only of a Fresh Issue of Equity shares.

The company intends to utilize the proceeds of the Issue to meet the following objects:

To meet Working Capital requirements; and
To finance the cost of establishing new warehouses
General Corporate Purpose.

Aspire & Innovative Advertising IPO Tentative timetable
IPO opens on 26 March 2024
IPO Closes on 28 March 2024
IPO Allotment on  1 April 2024
Refund Initiation  2 April 2024
Credit of Shares 2 April 2024
Listing on 3 April 2024
Registered Office of the Company
Aspire & Innovative Advertising Limited
C-4 Baldev Park
Shahdara
East Delhi -110051,

Who is the Lead Manager of Aspire & Innovative Advertising IPO?
Hem Securities Limited 
Who is the Registrar to IPO?
Bigshare Services Pvt Ltd
Aspire & Innovative Advertising IPO Financial & Analytical Ratios
Year Total Income Net Profit EPS RoNW
  Rs.in Cr Rs.in Cr Rs. %
2020-21 108.33 2.28 2.25 43.72
2021-22 255.58 4.37 3.95 42.86
2022-23  346.20 5.31 4.78 34.22
Book Value of the Share on 31.03.2023 Rs 13.96    
BV of the Share at cap price after the IPO Rs. ?    
Offer Price/upper band   Rs. 54    
Aspire & Innovative Advertising IPO
Key Performance indicators
Price/last EPS of 22-23  11.30
Price/BV Ratio 3.87
Upper price/BV after IPO   


How Aspire & Innovative AdvertisingIPO compares with the Peers?
There are no listed companies in India that are engaged in the business line similar to that of this company, thus it is not possible to provide an industry comparison in relation to the company.

 

# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

Aspire & Innovative Advertising IPO To the point Guidance
Aspire & Innovative Advertising 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.
Size:  The net size of the IPO is Rs. 20.87 Cr comprising of 3864000 shares. The HNI portion is just Rs.3.13 Cr and Retail portion is Rs. 7.30 Cr. The Retail portion will get oversubscribed with only 676 applications. So, there is no worry about oversubscription.
Financial Snapshot:
The company has shown steady growth in its topline and bottomline during last 3 years. During the year 2022-23, the profits show some exceptional rise. The shares are offered at PE multiple of 11.30. There appears to be some room for listing gain. May Apply.

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Aspire & Innovative Advertising IPO

Aspire & Innovative Advertising IPO FAQs

What is Aspire & Innovative Advertising IPO?

Aspire & Innovative Advertising is a SME IPO of 4068000 equity shares of the face value of Rs. 10 aggregating up to Rs.21.97 Crores. The issue is priced at Rs.51-54 per share. The minimum order quantity is 2000 Shares.

When will Aspire & Innovative Advertising IPO open?

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

What is the lot size of Aspire & Innovative Advertising IPO?
Aspire & Innovative Advertising IPO lot size is 2000 Shares, and the minimum amount required is Rs.108000.

How to apply for Aspire & Innovative Advertising IPO?
You can apply in Aspire & Innovative Advertising 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. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

When is Aspire & Innovative Advertising IPO allotment?
The finalization of Basis of Allotment for Aspire & Innovative Advertising IPO will be done on April 1, 2024, and the allotted shares will be credited to your demat account by April 2, 2024.

When is Aspire & Innovative Advertising IPO listing date?
Aspire & Innovative Advertising IPO listing date is April 03, 2024.

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