What you must know about Aspire & Innovative Advertising IPO?
by 5paisa Research Team
21 Mar 2024
Aspire & Innovative Advertising IPO
Closed
Listing Details
- Listing Exchange NSE SME
- Listing Date 03-Apr-24
- IPO Price Range ₹ 51 to ₹ 54
- Listing Price ₹ 56.5
- Listing Change 4.6%
- Last Traded Price ₹ 43.05
- Current Change -20.3%
Aspire & Innovative IPO Details
- Open Date 26-Mar-24
- Close Date 28-Mar-24
- Lot Size 2000
- IPO Size ₹ 21.97 Cr
- IPO Price Range ₹ 51 to ₹ 54
- Min Investment ₹ 1,02,000
- Listing Exchange NSE SME
- Basis of Allotment 01-Apr-24
- Refunds 02-Apr-24
- Credit to Demat Account 02-Apr-24
- Listing Date 03-Apr-24
Aspire & Innovative Advertising IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 26-Mar-24 | 2.91 | 0.70 | 2.57 | 2.26 |
| 27-Mar-24 | 2.92 | 1.38 | 5.98 | 4.12 |
| 28-Mar-24 | 5.21 | 25.60 | 16.39 | 15.17 |
Aspire & Innovative IPO Synopsis
Aspire & Innovative Advertising Limited IPO is all set to open from 26th March to 28th March 2024. The company operates in the consumer durables industry. The IPO includes a fresh issue of 4,068,000 shares worth ₹21.97 cr. The share allotment date is 1st April 2024, and the IPO will be listed on 3rd April 2024 on the stock exchanges. The price band is ₹51 to ₹54 and the lot size is 2000 shares.
Hem Securities Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar.
Objectives of Aspire & Innovative IPO:
Aspire & Innovative Advertising Limited plans to utilize the raised capital from the IPO to:
● To fund the establishment of new warehouses.
● For working capital requirements.
● General corporate purposes.
About Aspire & Innovative Advertising
Established in 2017, Aspire & Innovative Advertising Limited operates in the consumer durables industry. The company trades different products such as kitchen appliances, home appliances, white goods, mobile phones and its accessories, solar products and more. These products belong to some of the popular bands like Bajaj, Prestige, Vivo, Samsung, Crompton, Whirlpool, Hindware, Havells, etc.
Aspire & Innovative Advertising focuses on rural and semi-urban areas and delivers basic yet advanced products. There are three business verticals of the company through which it generates revenues.
i) Direct Sales by Company
ii) Advertisement Income (allows advertise display on website to generate income)
iii) Sales through intermediaries like Non-Banking Financial Companies (NBFCs)/ Non-Banking Financial Companies-Micro finance Institutions (NBFC-MFI)
Peer Comparison
No listed peers.
For More Information:
Webstory on Aspire & Innovative Advertising IPO
Aspire & Innovative Advertising Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 345.71 | 255.37 | 108.11 |
| EBITDA | 7.30 | 6.44 | 3.19 |
| PAT | 5.30 | 4.37 | 2.27 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 62.56 | 53.28 | 34.92 |
| Share Capital | 1.11 | 1.11 | 0.01 |
| Total Borrowings | 47.05 | 43.07 | 29.71 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -13.05 | 6.80 | -2.94 |
| Net cash from / (used in) investing activities | 2.08 | -2.43 | 4.64 |
| Net cash flow from / (used in) financing activities | 7.41 | 1.03 | 0.13 |
| Net increase (decrease) in cash and cash equivalents | -3.55 | 5.40 | 1.83 |
Aspire & Innovative IPO Key Points
-
Strengths
1. The company has a strong portfolio and a diverse range of products across consumer preferences.
2. The company has multiple locations including rural and semi-urban geographies of India and as a result, has diverse revenue sources.
3. It ensures equality by selling only standardized products.
4. It has a Network of Warehousing and Transportation Facilities across various geographies.
-
Risks
1. The company is highly dependent on certain key intermediaries like NBFCs, NBFC-MFIs etc. for selling its products to customers.
2. The company is dependent on revenues from its top five products.
3. It has risks associated with a product warranty for the brand products.
4. It has reported negative cash flows in the past.
5. The company faces high competition.
6. High working capital requirements.
Aspire & Innovative
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Aspire & Innovative IPO FAQs
When does the Aspire & Innovative Advertising IPO opens and closes?
Aspire & Innovative Advertising IPO opens from 26th March to 28th March 2024.
What is the size of the Aspire & Innovative Advertising IPO?
The size of Aspire & Innovative IPO is ₹21.97 cr.
How to apply for the Aspire & Innovative Advertising IPO?
To apply for the IPO, follow the steps given below
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Aspire & Innovative Advertising Limited IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of the Aspire & Innovative IPO?
The price band of Aspire & Innovative IPO is fixed at ₹51 to ₹54 per share.
What is the minimum lot size and investment required for the Aspire & Innovative Advertising IPO?
The minimum lot size of Aspire & Innovative IPO is 2000 shares and the investment required is ₹1,02,000.
What is the allotment date of the Aspire & Innovative Advertising IPO?
The share allotment date of Aspire & Innovative IPO is 1st April 2024.
What is the Aspire & Innovative Advertising IPO listing date?
The Aspire & Innovative IPO will be listed on 3rd April 2024.
Who are the book runners for the Aspire & Innovative Advertising IPO?
Hem Securities Limited is the book-running lead manager for Aspire & Innovative IPO.
What is the objective of the Aspire & Innovative IPO?
Aspire & Innovative Advertising Limited plans to utilize the raised capital from the IPO to:
1. To fund the establishment of new warehouses.
2. For working capital requirements.
3. General corporate purposes.
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