The Aspire and Innovative IPO date has been confirmed from March 26, 2024, and closes on March 28, 2024. Read the post to learn about Aspire and Innovative Advertising IPO GMP.
Aspire and Innovative Developers IPO is valued at a fixed price issue of ₹21.97 crores. If you’re looking to buy you can purchase one share at ₹51 to ₹54. Minimum Application is 2000 Shares. Retail investors should make a minimum investment of ₹108,000. HNI should purchase at least 2 lots (4,000 shares) amounting to ₹216,000. The Company’s IPO prospectus gives investors detailed insight into its financials, operations, and competitive position.
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Bidding Dates
March 26-28
Price Range
₹51 to ₹54 per share
Face Value
₹10 per share
GMP
₹7
Aspire and Innovative IPO GMP
The Aspire and Innovative IPO GMP Today is ₹7.
IPO Overview
Aspire & Innovative IPO is valued at a fixed price issue of ₹21.97 crores it’s a book-built offering. The Company is offering 40.68 lakh shares in a fresh offer. IPO opens on March 26, 2024, and closes on March 28, 2024. Investors will be notified of their allocation status on Monday, April 1, 2024, The allotment date is April 1, 2024. The Company will appear in the NSE SME market on Wednesday, April 3, 2024. If the Company´s IPO can perform well, it may draw in more talent and resources in the future–which will keep its growth plans for the future on the right track.
The buying price of the IPO is ₹51 to ₹54 per share. Aspire and Innovative IPO GMP Today is ₹10. The acceptable lot size is 2000 shares. Retail investors should buy shares worth a minimum of ₹108,000. HNI should make a minimum investment of two lots, or 4,000 shares, totaling ₹216,000. The company’s IPO is a chance for investors to share in a fast-growing company that has significant upside potential.
Aspire and Innovative IPO Details
| IPO Date | March 26, 2024 to March 28, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹51 to ₹54 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 4,068,000 shares (aggregating up to ₹21.97 Cr) |
| Fresh Issue | 4,068,000 shares (aggregating up to ₹21.97 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 11,110,000 |
| Share holding post issue | 15,178,000 |
| Market Maker portion | 204,000 shares |
Aspire and Innovative Limited Financial Information
| 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 |
| Revenue | 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 | ||||
Aspire and Innovative IPO Timeline
| IPO Open Date | Tuesday, March 26, 2024 |
| IPO Close Date | Thursday, March 28, 2024 |
| Basis of Allotment | Monday, April 1, 2024 |
| Initiation of Refunds | Tuesday, April 2, 2024 |
| Credit of Shares to Demat | Tuesday, April 2, 2024 |
| Listing Date | Wednesday, April 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 28, 2024 |
Company Profile
Aspire & Innovative Advertising Limited was established in 2017 and specializes in consumer durables such as white goods, solar products, cell phones and accessories, kitchen and household appliances, and more. They sell goods from well-known manufacturers including Samsung, Havells, Crompton, Bajaj, Hindware, Whirlpool, and many more. The Company’s IPO document gives a rough idea of its business model, market potential, and risks, all aimed at helping investors make their own decisions. The business model involves costs for commissions paid to intermediaries and facilitation fees. They offer clients in rural and semi-urban areas services like marketing, demand collection, field worker contact, and financial services. A wide range of products is available from the
brand, including electronics, cookware, and appliances like fans, sewing machines, irons, dinner sets, induction cooktops, TVs, heaters, headphones, washing machines, and solar lanterns. The corporation runs 19 warehouses throughout 16 states and has business agreements with around 15 intermediaries. The company employs 49 full-time workers, including managers, as of November 30, 2023.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | investor@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Aspire & Innovative Advertising Limited |
| Phone number | +91-124-2213055 |
| Email ID | cs@aspireinnovate.in |
| Website | aspireinnovate.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
