Aspire & Innovative Advertising Ltd
Price Range
₹51 - ₹54
Min. Quantity
2,000
Closes on
28 March 2024
Min. investment
₹1,08,000/2,000 Shares
Aspire & Innovative Advertising Ltd IPO Timeline
'Aspire & Innovative Advertising Limited' was originally incorporated as 'Aspire & Innovative Advertising Private Limited' on July 31, 2017 under the provisions of the Companies Act, 2013. Subsequently, pursuant to Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting, held on December 04, 2023, the Company was converted into a Public Limited Company and consequently the name of the Company was changed from 'Aspire & Innovative Advertising Private Limited' to 'Aspire & Innovative Advertising Limited'.
| Event | Date |
|---|---|
| Aspire & Innovative Advertising Ltd IPO Opening Date | 26 March 2024 |
| Aspire & Innovative Advertising Ltd IPO Closing Date | 28 March 2024 |
| Basis of Allotment | 1 April 2024 |
| Initiation of Refunds | 2 April 2024 |
| Credit of Shares to Demat | 2 April 2024 |
| Aspire & Innovative Advertising Ltd IPO Listing Date | 3 April 2024 |
Aspire & Innovative Advertising Ltd IPO Details
| Aspire & Innovative Advertising Ltd IPO Date | 26 March 2024 to 28 March 2024 |
| Aspire & Innovative Advertising Ltd IPO Face Value | ₹10 per share |
| Aspire & Innovative Advertising Ltd IPO Price | ₹51 to ₹54 per share |
| Aspire & Innovative Advertising Ltd IPO Lot Size | 2,000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹21.97 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹21.97 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Nitesh Agarwalla, Rinku Agarwalla |
Aspire & Innovative Advertising Ltd IPO Lot Size
The Aspire & Innovative Advertising Ltd IPO lot size is 2,000 shares. A retail-individual investor can apply for up to 1 lots (2,000 shares or ₹1,08,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 2,000 | ₹1,08,000 |
| Maximum | 1 | 2,000 | ₹1,08,000 |
- Strengths
- Risks
- Opportunities
- Strong portfolio and diverse range of products across consumer preferences.
- Diversified revenue from multiple locations including rural and semi urban geographies of India.
- Quality Assurance ensuring standardized product quality.
- Network of Warehousing and Transportation Facilities across various geographies.
Company Financials
Aspire & Innovative Advertising Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 116.94 | 385.08 | 9.31 |
| 03-2023 | 62.57 | 346.2 | 5.31 |
| 03-2022 | 53.28 | 255.58 | 4.37 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- To meet working capital requirements
- To finance the cost of establishing new warehouses
- General corporate purposes
Aspire & Innovative Advertising Ltd IPO Promoter Holding
| Pre Issue Share Holding | 83.26% |
| Post Issue Share Holding | 60.94% |
Aspire & Innovative Advertising Ltd IPO Subscription Status (Bidding Detail)
The Aspire & Innovative Advertising Ltd IPO is subscribed 10.1495 times on 28 March 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 10.1495 |
Aspire & Innovative Advertising Ltd IPO Prospectus
Aspire & Innovative Advertising Ltd IPO Listing Date
| Listing Date | 3 April 2024 |
| BSE Script | 92682 |
| NSE Symbol | ASPIRE |
| Listing In | NSE - SME |
| ISIN | INE0S7801010 |
| IPO Price | ₹54 |
| Face Value | ₹10 |
Company Contact Information
C-4 Baldev Park ShahdaraEast Delhi,Delhi-110051
Phone: +91 124 2213055
Email: cs@aspireinnovate.in
Website: www.aspireinnovate.in
Aspire & Innovative Advertising Ltd IPO Registrar
Aspire & Innovative Advertising Ltd IPO Lead Manager(s)
- Hem Securities Ltd
FAQ
What is the issue size of Aspire & Innovative Advertising Ltd IPO?
I have pre-applied for Aspire & Innovative Advertising Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.