Aspire & Innovative Advertising Limited
Book Built Issue IPO · NSE
- Price band
- ₹51 - ₹54
- Lot size
- 2,000 shares
- Issue amount
- ₹21.97 cr
- Total subscription
- 15.25×
- Opens
- 26 Mar 2024
- Closes
- 28 Mar 2024
- Allotment
- 1 Apr 2024
- Listing
- 3 Apr 2024
Offer at a glance
Issue overview
- Issue size
- 40,68,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,02,000
- Fresh issue
- ₹21.97 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,08,000
- Issue type
- Book Built Issue IPO
- Shares before issue
- 1,11,10,000
- Shares after issue
- 1,51,78,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,999 | ₹1,08,000 |
| HNI | 1 | 4,000 | ₹2,16,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 4.18 | 0 |
| RETAIL | 7.31 | 0 |
| NIB | 3.13 | 0 |
Financial performance
Company financials
in ₹ Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 3.54 | 4.78 | 3.95 |
| ROE | 22.5 | 41.29 | 56.75 |
| ROCE | 18.59 | 30.79 | 55.45 |
| RONW | 20.22 | 34.22 | 42.86 |
| PRE IPO(PE) | 3.09 | 0 | 0 |
| POST IPO(PE) | 11.3 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Aspire & Innovative Advertising Limited, established in 2017, has positioned itself as a key player in the consumer durables market, offering a wide array of products, including kitchen and home appliances, white goods, mobile phones, accessories, and solar products. Partnering with leading brands such as Bajaj, Prestige, Vivo, and Samsung, the company operates under an asset-light model, focusing on facilitation fees and commissions while providing marketing, field staff interaction, demand collation, and financial services to rural and semi-urban consumers. With a product portfolio exceeding 50 items and commercial arrangements with over 15 intermediaries, the company ensures seamless distribution through 19 warehouses spanning 16 states. Backed by a dedicated workforce of 49 full-time employees as of November 30, 2023, Aspire & Innovative Advertising Limited remains committed to expanding its market presence and delivering value-driven solutions to its customers.
Strengths
- Diverse Product Portfolio: Offering over 50 products across kitchen appliances, electronics, and solar solutions reduces reliance on any single category, increasing market stability.
- Broad Revenue Base: A strong presence in rural and semi-urban areas diversifies income sources, reducing risk from urban market fluctuations.
- Efficient Logistics: With 19 warehouses across 16 states, the company ensures smooth distribution, cost control, and quick response to market demand.
Risk factors
- Reliance on Third-Party Suppliers: Delays or supply chain disruptions could impact product availability and profitability.
- Logistical Uncertainties: Dependence on external transportation and warehousing services exposes the company to risks like delivery delays, inventory issues, and potential customer dissatisfaction.
- Market Uncertainty for New Products: Success depends on launching products that align with customer expectations; failure could slow growth and impact profitability.
Promoters
Nitesh Agarwalla
Rinku Agarwalla
Registrar & documents
Lead manager
Hem Securities Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
C-4 Baldev Park,Shahdara East Delhi -110051
+91-124-2213055
[email protected]Company website ↗Understanding ASPIRE IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.