April 3, 2024
admin
Aspire & Innovative Advertising IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
👉A legacy of 31 Years.
India`s Oldest Investment & IPO website.
👉Most Trusted by Investors across India.
Table of Contents
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.
Quicklinks
Aspire & Innovative Advertising IPO GMP Detail IPO GMP today details?
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.
