Aspire & Innovative Advertising IPO
- Status: Closed
- ₹ 102,000 / 2000
shares
Minimum Investment
IPO Listing Details
- Listing Date
03 Apr 2024
- Listing Price
₹ 56.50
- Listing Change
4.63%
- Last Traded Price
₹ 44.70
IPO Details
- Open Date
26 Mar 2024
- Close Date
28 Mar 2024
- IPO Price Range
₹ 51 to ₹ 54
- IPO Size
₹ 21.97 Cr
- Listing Exchange
NSE SME
- Listing Date
03 Apr 2024
IPO Timeline
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 |
Last Updated: 05 April 2024 10:56 AM by 5Paisa
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.
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
| 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 |
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.
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FAQs
Aspire & Innovative Advertising IPO opens from 26th March to 28th March 2024.
The size of Aspire & Innovative IPO is ₹21.97 cr.
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.
The price band of Aspire & Innovative IPO is fixed at ₹51 to ₹54 per share.
The minimum lot size of Aspire & Innovative IPO is 2000 shares and the investment required is ₹1,02,000.
The share allotment date of Aspire & Innovative IPO is 1st April 2024.
The Aspire & Innovative IPO will be listed on 3rd April 2024.
Hem Securities Limited is the book-running lead manager for 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.
