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Aspire & Innovative IPO vs Omfurn India FPO

Comparision between Aspire & Innovative IPO and Omfurn India FPO.

IPO Details

Aspire & Innovative IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Omfurn India FPO is a SME Book Built Issue proposed to list at NSE SME.

  Aspire & Innovative IPO Omfurn India FPO
Logo Aspire & Innovative IPO Logo Omfurn India FPO Logo
Issue Category SME SME
Issue Type IPO FPO
Process Type Book Built Issue Book Built Issue
Listing At NSE SME NSE SME
Lead Managers Hem Securities Limited Gretex Corporate Services Limited
Registrar Bigshare Services Pvt Ltd Bigshare Services Pvt Ltd
Market Maker Hem Finlease Private Limited Gretex Share Broking Private Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Aspire & Innovative IPO is up to ₹21.97 Cr whereas the issue size of the Omfurn India FPO is up to ₹27.00 Cr. The final issue price of Aspire & Innovative IPO is ₹54.00 per share and of Omfurn India FPO is ₹75.00 per share.

  Aspire & Innovative IPO Omfurn India FPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹51.00 per share ₹71.00 per share
Issue Price (Upper) ₹54.00 per share ₹75.00 per share
Issue Price (Final) ₹54.00 per share ₹75.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 2400 shares
Fresh Issue Size 40,68,000 shares 36,00,000 shares
Fresh Issue Size (Amount) up to ₹21.97 Cr up to ₹27.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 40,68,000 shares 36,00,000 shares
Issue Size Total (Amount) up to ₹21.97 Cr up to ₹27.00 Cr

IPO Timetable

Aspire & Innovative IPO opens on Mar 26, 2024, while Omfurn India FPO opens on Mar 20, 2024. The closing date of Aspire & Innovative IPO and Omfurn India FPO is Mar 28, 2024, and Mar 22, 2024, respectively.

  Aspire & Innovative IPO Omfurn India FPO
Anchor Bid Date Mar 22, 2024 Mar 19, 2024
Issue Open Mar 26, 2024 Mar 20, 2024
Issue Close Mar 28, 2024 Mar 22, 2024
Basis Of Allotment (Tentative) Apr 01, 2024 Mar 26, 2024
Initiation of Refunds (Tentative) Apr 02, 2024 Mar 27, 2024
Credit of Share (Tentative) Apr 02, 2024 Mar 27, 2024
Listing date (Tentative) Apr 03, 2024 Mar 28, 2024
Anchor Lockin End date 1 May 01, 2024 Apr 25, 2024
Anchor Lockin End date 2 Jun 30, 2024 Jun 24, 2024

Financials

Aspire & Innovative IPO P/E ratio is 11.3, as compared to Omfurn India FPO P/E ratio of 14.78.

  Aspire & Innovative IPO Omfurn India FPO
Financial

Aspire & Innovative Advertising Limited Financial Information (Restated Standalone)

Aspire & Innovative Advertising Limited's revenue increased by 35.46% and profit after tax (PAT) rose by 21.38% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets8,135.726,256.995,328.013,492.07
Revenue17,710.2934,620.1025,558.3010,833.44
Profit After Tax393.28530.85437.36227.75
Net Worth1,944.531,551.251,020.39520.98
Reserves and Surplus833.531,440.15909.29519.98
Total Borrowing1,160.89881.53111.0255.91
Amount in ₹ Lakhs

Omfurn India Limited FPO Financial Information (Restated)

Omfurn India Limited FPO's revenue increased by 120.08% and profit after tax (PAT) rose by 593.65% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets6,825.975,716.594,766.304,665.35
Revenue4,474.787,108.103,229.792,184.54
Profit After Tax289.16414.8759.81-99.41
Net Worth2,862.952,573.792,158.922,099.11
Reserves and Surplus2,181.751,892.591,477.721,417.91
Total Borrowing1,890.411,138.101,595.161,585.99
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 98.84% 73.40%
Promoter Shareholding (Post-Issue) 72.35% 50.96%
P/E Ratio 11.3 14.78
Market Cap ₹81.96 Cr. ₹88.31 Cr.
ROE 22.50%% 10.10%%
ROCE 18.59%% 10.28%%
Debt/Equity 0.6
EPS ₹4.78 ₹5.08
RoNW 20.22%% 10.10%%

Shares Offered

In the Aspire & Innovative IPO retail investors (RII) are offered 13,54,000 shares while in Omfurn India FPO retail investors are offered 13,54,000 shares. Qualified institutional buyers (QIB) are offered 7,74,000 shares in Aspire & Innovative IPO and 11,73,600 shares in Omfurn India FPO.

  Aspire & Innovative IPO Omfurn India FPO
Anchor Investor Reserveration 11,56,000 shares 5,35,200 shares
Market Maker Reserveration 2,04,000 shares 1,80,000 shares
QIB 7,74,000 shares 11,73,600 shares
NII 5,80,000 shares 5,13,600 shares
RII 13,54,000 shares 11,97,600 shares
Employee 0 shares 0 shares
Others
Total 27,08,000 shares 28,84,800 shares

Bids Received (Subscription)

Aspire & Innovative IPO subscribed 15.17x in total, whereas Omfurn India FPO subscribed 3.57x.

  Aspire & Innovative IPO Omfurn India FPO
QIB (times) 5.21x 1.00x
NII (times) 25.60x 3.02x
Big NII (times)
Small NII (times)
RII (times) 16.39x 6.33x
Employee (times)
Other (times)
Total (times) 15.17x 3.57x

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