Aspire & Innovative Advertising Limited IPO
- IPO Date26 Mar, 2024 to 28 Mar, 2024
- Listing Date03 Apr, 2024
- Face Value₹10 per share
- Issue Price₹51 to ₹54 per share
- Lot Size2000 Shares
- Minimum Investment₹1,08,000
- Listing AtNSE SME
- Total Issue Size40,68,000 Shares
(aggregating up to ₹21.97 Cr) - Fresh Issue40,68,000 Shares
(aggregating up to ₹21.97 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,11,10,000
- Shareholding post issue1,51,78,000
IPO Dates
Closing Date
28 Mar, 2024
Initiation of Refunds
02 Apr, 2024
Listing Date
03 Apr, 2024
26 Mar, 2024
Opening Date
01 Apr, 2024
Basis of Allotment
02 Apr, 2024
Credit of Shares
Aspire & Innovative Advertising Limited Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,08,000 |
| HNI (Min) | 2 | 4000 | ₹2,16,000 |
| Retail (Max) | 1 | 2000 | ₹1,08,000 |
Aspire & Innovative Advertising Limited Promoter Holding
The promoters of the company are Nitesh Agarwalla and Rinku Agarwalla.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 98.84% | 72.35% |
Aspire & Innovative Advertising Limited COMPANY INFORMATION
Aspire & Innovative IPO is a book built issue of Rs 21.97 crores. The issue is entirely a fresh issue of 40.68 lakh shares. Aspire & Innovative IPO opens for subscription on March 26, 2024 and closes on March 28, 2024. The allotment for the Aspire & Innovative IPO is expected to be finalized on Monday, April 1, 2024. Aspire & Innovative IPO will list on NSE SME with tentative listing date fixed as Wednesday, April 3, 2024. Aspire & Innovative IPO price band is set at ₹51 to ₹54 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹108,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹216,000. Hem Securities Limited is the book running lead manager of the Aspire & Innovative IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Aspire & Innovative IPO is Hem Finlease. Refer to Aspire & Innovative IPO RHP for detailed information.
Founded in 2017, Aspire & Innovative Advertising Limited deals in consumer durables, including kitchen appliances, home appliances, white goods, mobile phones and accessories, solar products, and more. They deal in products from renowned brands such as Bajaj, Prestige, Vivo, Samsung, Crompton, Whirlpool, Hindware, Havells, and many others.
The company's asset-light model incurs expenses for facilitation fees and commission paid to intermediaries. They provide services such as marketing, field staff interaction, demand collation, and financial services to customers in rural and semi-urban communities.
The company offers 50+ products, including cookware, electronics, and appliances such as pressure cookers, induction cooktops, mixer-grinders, dinner sets, sewing machines, fans, irons, bulbs, heaters, phones, TVs, refrigerators, washing machines, headphones, and solar lanterns.
The company has commercial arrangements with 15+ intermediaries and operates 19 warehouses in 16 states.
As of November 30, 2023, the company has 49 full-time employees, including managers.
FAQs About Aspire Innovative Advertising Limited Ipo
Aspire & Innovative Advertising Limited IPO will open on 26 Mar, 2024 and close on 28 Mar, 2024. Investors must apply within this period to participate.
The Aspire & Innovative Advertising Limited IPO price band is set between ₹51.00 and ₹54.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹108000.00.
The Aspire & Innovative Advertising Limited IPO shares are expected to be listed on 03 Apr, 2024, subject to regulatory approvals and final allotment.
You can track your Aspire & Innovative Advertising Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Aspire & Innovative Advertising Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.