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Aspire & Innovative Advertising Limited IPO (Aspire & Innovative IPO) Detail

March 26, 2024 - March 28, 2024

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 bidding started from March 26, 2024 and ended on March 28, 2024. The allotment for Aspire & Innovative IPO was finalized on Monday, April 1, 2024. The shares got listed on NSE SME on 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.

Aspire & Innovative IPO Details

IPO Date March 26, 2024 to March 28, 2024
Listing Date April 3, 2024
Face Value ₹10 per share
Price Band ₹51 to ₹54 per share
Lot Size 2000 Shares
Total Issue Size4,068,000 shares
(aggregating up to ₹21.97 Cr)
Fresh Issue4,068,000 shares
(aggregating up to ₹21.97 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue11,110,000
Share holding post issue15,178,000
Market Maker portion204,000 shares
Hem Finlease

Aspire & Innovative IPO Reservation

Aspire & Innovative IPO offers 4,068,000 shares. 774,000 (19.03%) to QIB, 580,000 (14.26%) to NII, 1,354,000 (33.28%) to RII and 1,156,000 (28.42%) to Anchor investors.

Investor Category Shares Offered
Anchor Investor Shares Offered1,156,000 (28.42%)
Market Maker Shares Offered204,000 (5.01%)
QIB Shares Offered774,000 (19.03%)
NII (HNI) Shares Offered580,000 (14.26%)
Retail Shares Offered1,354,000 (33.28%)
Total Shares Offered4,068,000 (100%)

Aspire & Innovative IPO Anchor Investors Details

Aspire & Innovative IPO raises Rs 6.24 crore from anchor investors. Aspire & Innovative IPO Anchor bid date is March 22, 2024. Aspire & Innovative IPO Anchor Investors list

Bid Date March 22, 2024
Shares Offered 1,156,000
Anchor Portion Size (In Cr.) 6.24
Anchor lock-in period end date for 50% shares (30 Days) May 1, 2024
Anchor lock-in period end date for remaining shares (90 Days) June 30, 2024

Aspire & Innovative IPO Timeline (Tentative Schedule)

Aspire & Innovative IPO opens on March 26, 2024, and closes on March 28, 2024.

IPO Open Date Tuesday, March 26, 2024
IPO Close Date Thursday, March 28, 2024
Basis of Allotment Monday, April 1, 2024
Initiation of Refunds Tuesday, April 2, 2024
Credit of Shares to Demat Tuesday, April 2, 2024
Listing Date Wednesday, April 3, 2024
Cut-off time for UPI mandate confirmation 5 PM on March 28, 2024

Aspire & Innovative IPO 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 ₹108,000
Retail (Max) 1 2000 ₹108,000
HNI (Min) 2 4,000 ₹216,000
Lot Size Calculator

Aspire & Innovative IPO Promoter Holding

The promoters of the company are Nitesh Agarwalla and Rinku Agarwalla.

Share Holding Pre Issue 98.84%
Share Holding Post Issue 72.35%

About Aspire & Innovative Advertising Limited

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.

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

Key Performance Indicator

The market capitalization of Aspire & Innovative IPO is Rs 81.96 Cr.

KPI as of September 30, 2023.

KPI Values
ROE22.50%
ROCE18.59%
Debt/Equity0.6
RoNW20.22%
P/BV3.09
PAT Margin (%)2.23
Pre IPO Post IPO
EPS (Rs) 4.785.18
P/E (x) 11.310.42
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.

Objects of the Issue (Aspire & Innovative IPO Objectives)

The company intends to utilize the proceeds of the Issue to meet the following objects:

  1. To meet Working Capital requirements; and
  2. To finance the cost of establishing new warehouses
  3. General Corporate Purpose.

Aspire & Innovative IPO Review (May apply)

[Dilip Davda]   The company is majorly engaged in trading business with a minor portion is coming from its logistics and display advertising activities. It operates on third party products. Though the issue appears reasonably priced based on its FY2 annualized earnings, it’s a “High Risk/Low Return” bet. Well-informed investors may park moderate funds for the medium term rewards. Read detail review...


Aspire & Innovative IPO Subscription Status (Bidding Detail)

The Aspire & Innovative IPO is subscribed 15.17 times on March 28, 2024 7:30:29 PM. The public issue subscribed 16.39 times in the retail category, 5.21 times in the QIB category, and 25.60 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB5.21
NII25.60
Retail16.39
Total15.17

Total Application : 11,099 (16.39 times)

Aspire & Innovative IPO Prospectus

Aspire & Innovative IPO Rating

3
4.7
Rating:Rated 4.7 stars
Vote Here ...

Aspire & Innovative IPO Listing Details

Listing Date April 3, 2024
BSE Script Code
NSE Symbol ASPIRE
ISIN INE0S7801010
Final Issue Price ₹54 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹54.00
₹56.50
₹56.25
₹59.30
₹59.30

Check IPO Performance…

Aspire & Innovative Advertising Limited Contact Details

Aspire & Innovative Advertising Limited
C-4 Baldev Park
Shahdara
East Delhi -110051,
Phone: +91-124-2213055
Email: cs@aspireinnovate.in
Website: https://www.aspireinnovate.in/

Aspire & Innovative IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: investor@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Aspire & Innovative IPO - Buy or Not

Aspire & Innovative IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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Aspire & Innovative IPO FAQs

Aspire & Innovative IPO is a SME IPO of 4,068,000 equity shares of the face value of ₹10 aggregating up to ₹21.97 Crores. The issue is priced at ₹51 to ₹54 per share. The minimum order quantity is 2000 Shares.

The IPO opens on March 26, 2024, and closes on March 28, 2024.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Aspire & Innovative IPO using UPI as a payment gateway. Zerodha customers can apply in Aspire & Innovative IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Aspire & Innovative IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Aspire & Innovative IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Aspire & Innovative IPO opens on March 26, 2024 and closes on March 28, 2024.

Aspire & Innovative IPO lot size is 2000 Shares, and the minimum amount required is ₹108,000.

You can apply in Aspire & Innovative IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Aspire & Innovative IPO will be done on Monday, April 1, 2024, and the allotted shares will be credited to your demat account by Tuesday, April 2, 2024. Check the Aspire & Innovative IPO allotment status.

The Aspire & Innovative IPO listing date is on April 3, 2024.
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Aspire & Innovative IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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201 Comments

58. Diligent IPO Learner |   Link |  Bookmark |April 26, 2024 12:23:42 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
@rohiitian sir, any hints from Cellecor results today for Aspire?
58.1. rohiitian |   Link |  Bookmark |April 26, 2024 12:36:58 AM
IPO Guru IPO Guru (1200+ Posts, 800+ Likes)
@Diligent IPO Learner Cellecor results are good. Aspire is in similar space but not a true peer, and personally think Aspire model is much more unique while being undervalued by market. The rerating of Aspire still has some way to go - hopefully some rub-off effect tomorrow 🤞
57. Gaurav DD dimer |   Link |  Bookmark |April 22, 2024 1:53:06 PM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
I Booked my Profit in Aspire today at 103.55
And used the same funds by adding some more to buy cellecor Gadgets.

Results on 25th.
Have Good Expectation.
Rest will see, I did right or wrong.
57.1. Gaurav DD dimer |   Link |  Bookmark |April 22, 2024 7:42:12 PM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
After checking today's bulk deals, it's looks like, my decision to exit today was super hit.
56. Diligent IPO Learner |   Link |  Bookmark |April 22, 2024 11:47:09 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
@Dhiraj Ramchandani sir and @rohiitian sir

Excellent upmove in AVP Infracon today. One thing is so so evident is that if we have stocks at low PE's/ low downside risk, the conviction to hold them increases tremendously.

Though the consolidation phase is no doubt a bit boring, it is these solid upmoves which delight and titillate us🤞💫

Let us wait for the results😇
56.6. Gai Bhens Paani Me |   Link |  Bookmark |April 23, 2024 12:05:52 PM
@Dhiraj Ramchandani why I’m not happy if stock price is increasing, I’m also holding few lots at the avg price of 78. As I said the first down side target was 60 and that’s all.
I also added that this is a very good company and stock price will increases but will take some time.
56.7. Diligent IPO Learner |   Link |  Bookmark |April 23, 2024 12:32:29 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
@Dhiraj Ramchandani yes yes sorry sir :) I too felt it was way overboard to ask that.

Very happy to see this share performing sir:) Hope the management does con-calls or something like that. This will further bolster our confidence in the long-term prospects of this company.
55. MuStrFc |   Link |  Bookmark |April 20, 2024 1:25:33 AM
IPO Guru IPO Guru (3000+ Posts, 2400+ Likes)
Looks like exchange itself is monitoring IN ITS OWN WAY ?!

Sending intimation to company to explain erratic price movements.
55.1. rohiitian |   Link |  Bookmark |April 22, 2024 12:41:11 PM
IPO Guru IPO Guru (1200+ Posts, 800+ Likes)
@MuStrFc  This is sent to all companies when they hit a certain no of UCs. Doesn't affect price or sentiment.

Aspire up almost 20% today :)
55.2. MuStrFc |   Link |  Bookmark |April 22, 2024 12:59:19 PM
IPO Guru IPO Guru (3000+ Posts, 2400+ Likes)
@rohiitian Yep agreed, but that was pun intended when i said "monitoring in its own way" 😁
54. Gaurav DD dimer |   Link |  Bookmark |April 15, 2024 12:14:27 PM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
Look at the volume.
Looks like hem transferred it's share to a big investor today.
54.1. rohiitian |   Link |  Bookmark |April 15, 2024 12:24:12 PM
IPO Guru IPO Guru (1200+ Posts, 800+ Likes)
@Gaurav DD dimer Yes took lot longer than expected. Anyway gave chance to accumulate nicely. Now fingers crossed it's a good buyer.
53. Gai Bhens Paani Me |   Link |  Bookmark |April 7, 2024 10:00:18 PM
Added 10,000 shares at the avg price of 62 on Friday.
53.1. IPONEED |   Link |  Bookmark |April 8, 2024 9:42:52 PM
IPO Guru IPO Guru (2200+ Posts, 1100+ Likes)
Why you bought this stock ? Have any news with you ?
53.2. Gai Bhens Paani Me |   Link |  Bookmark |April 9, 2024 10:58:44 AM
Yes, added few more lots at the avg price of 64. This will blast soon.
52. rohiitian |   Link |  Bookmark |April 5, 2024 11:19:43 PM
IPO Guru IPO Guru (1200+ Posts, 800+ Likes)
Hem Finlease (the MM) has bought in bulk today. Last time I've seen the MM buy was in Sakshi Medtech, and that position (along with existing MM shares) was then bought fully by Ashish Kacholia a couple of days later. Not sure of any other reason why the MM will buy such a large quantity.

Any view @GrayIsTheNewBlack @MuStrFc ?
52.56. Diligent IPO Learner |   Link |  Bookmark |April 19, 2024 9:27:19 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
@rohiitian Yes 💫🤞

Also, a big big thanks to you. It was your eagle eye to spot the bulk deal in advance.

Your prediction of bulk deal forced me to dig inside the company. So my present holding is infact a testament to your keen insights💫🤞 Greatly indebted to you for this🎉🎉

Some profit booking was observed today. But the stock remains in a good uptrend. Long term looks fantastic.
52.57. rohiitian |   Link |  Bookmark |April 19, 2024 10:31:11 PM
IPO Guru IPO Guru (1200+ Posts, 800+ Likes)
Diligent IPO Learner Cheers :)
51. IPONEED |   Link |  Bookmark |April 4, 2024 11:59:45 AM
IPO Guru IPO Guru (2200+ Posts, 1100+ Likes)
@MAMU @KAPPO @GrayIsTheNewBlack @Vimal Garodia AND ALL SENIORS
MONEYWISE FINANCIAL SERVICES PRIVATE LTD
NAV CAPITAL VCC - NAV CAPITAL EMERGING STAR FUND

BOTH ARE ANCEOR INVESTOR IN ASPIRE BUT YESTRADAY BOTH SOLD 178000+108000
WHY THERE ARE NO LOCK IN PERIOD
51.2. IPONEED |   Link |  Bookmark |April 4, 2024 12:23:07 PM
IPO Guru IPO Guru (2200+ Posts, 1100+ Likes)
In 2 Category at that time ,is possible ?
51.3. Param Patel |   Link |  Bookmark |April 4, 2024 5:10:21 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
@IPONEED Of course it is possible anchor and QIB both are completely different one can participate as anchor as well as QIB also. So nothing new
50. IPONEED |   Link |  Bookmark |April 3, 2024 2:17:37 PM
IPO Guru IPO Guru (2200+ Posts, 1100+ Likes)
FII ki entry hui h isme
50.1. Diligent IPO Learner |   Link |  Bookmark |April 3, 2024 3:12:09 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
What's the source of this info sir?

HOS or publicly available data?
50.2. IPONEED |   Link |  Bookmark |April 3, 2024 3:33:15 PM
IPO Guru IPO Guru (2200+ Posts, 1100+ Likes)
nse website ipo subscriptions data

https://www.nseindia.com/market-data/issue-information?symbol=ASPIRE&series=SME&type=Past
49. TIPSY |   Link |  Bookmark |April 3, 2024 12:37:20 PM
i got 1 lot in Aspire . but i am not able to sell it , though its in upper circuit, Angel one msg shows-
Rms:Rule:Order Quantity Limit Including Square off order, current:4000000, Limit Set:500000. Accross Exchange Across Segment Across Product.
Plz help me in this regard
49.1. Diligent IPO Learner |   Link |  Bookmark |April 3, 2024 12:46:04 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Contact angel one helpline
49.2. Sumya |   Link |  Bookmark |April 3, 2024 3:05:13 PM
Bhai quantity me 1 krke .. order place krke dekho
48. Ippo |   Link |  Bookmark |April 3, 2024 7:42:27 AM
Got a mail from Aspire regarding thank you for showing faith in Aspire and so & so.

Do companies usually share such emails?

Can't find attachment of updated corporate presentation though

Signature and cover name are different
48.2. Sumya |   Link |  Bookmark |April 3, 2024 10:55:23 AM
I Got the mail too, even for every single separate applications .. on their concern email id’s!!
48.3. Aman Soni |   Link |  Bookmark |April 3, 2024 11:02:30 AM
I also received this

47. ARJUN'S EYE |   Link |  Bookmark |April 3, 2024 10:21:00 AM
IPO Mentor IPO Mentor (900+ Posts, 700+ Likes)
Aspire & Innovative Advertising Ltd NSE SME IPO.
NSE Code:-23401                              
Symbol:-ASPIRE
Group:-ST
ISIN:-INE0S7801010      
Issue Price:-54/-
Market Lot:-2000 Shares
Face Value:-10/-
Listing At:-NSE SME
46. Diligent IPO Learner |   Link |  Bookmark |April 2, 2024 7:43:21 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
@rohiitian @GrayIsTheNewBlack @Dhiraj Ramchandani and all other respected members in this forum,

On valuations front, both Aspire and Blue pebble are reasonably priced (kindly correct me if I am wrong)

Expecting flat-10%+ on listing, I think that holding these stocks till results will be a better idea to get better returns (as compared to that on listing)

Well while making the above statement, implicit is that I do have the holding capacity and to book losses if this view goes wrong.

I wanted to ask you all knowledgeable members whether this could be the best way of capitalizing on the loss of profits due to subdued listing euphoria.

In essence, what can the expected strategy of yours?
46.4. GrayIsTheNewBlack |   Link |  Bookmark |April 2, 2024 9:38:47 PM
IPO Guru IPO Guru (2700+ Posts, 1800+ Likes)
@Diligent IPO Learner 
For Aspire if the listing if the listing is above 30% premium I will book.
Will hold if it lists between 10-30%
Below 10% listing I will definitely sell in pre-open (although this is against the value investing proposal, I wouldn't want to seek value where there is no momentum).
Roughly similar strategy for Blue Pebble as well.
46.5. Diligent IPO Learner |   Link |  Bookmark |April 2, 2024 11:31:54 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Thank you so much @rohiitian @Dhiraj Ramchandani & @GrayIsTheNewBlack sirs for your valuable insights. It really means a lot :)
45. TIPSY |   Link |  Bookmark |April 2, 2024 6:03:53 PM
GMP KICKED OFF. HIGH CHANCES OF POSITIVE LISTING TOMMOROW. GOOD LUCK
44. PPPSSS |   Link |  Bookmark |April 2, 2024 5:35:35 PM
One lot alloted after a long time appx after one year, but no GMP, will it list in positive, sry. Pls coment... Thanks
43. Mr pkn |   Link |  Bookmark |April 2, 2024 5:18:30 PM
@rohiitian You have two lots of this sme what will be your strategy and what is you assuming lisiting price tomorrow
42. Raavi |   Link |  Bookmark |April 2, 2024 11:38:23 AM
Experts
Any gmp movement
42.1. Aman Soni |   Link |  Bookmark |April 2, 2024 4:30:10 PM
GMP 4 rs
41. Ippo |   Link |  Bookmark |April 2, 2024 1:15:37 PM
To esteemed forum members.
When is the IPO money unblocked?
- Case 1 (When allotment is successful. Example: Applied for 20 lots, Got 1 lot. When will the 19 lots amount be released)
- Case 2 (When allotment is not made)
41.1. Vimal Garodia |   Link |  Bookmark |April 2, 2024 1:32:17 PM
IPO Guru IPO Guru (3500+ Posts, 3900+ Likes)
@Ippo Unblocking does not depend on getting successful allotment or not. It is generally on the next working day after allotment day for ASBA mode.

In UPI mode, sometimes you get debit/refund messages even before allotment is out officially. UPI used to be faster than ASBA, but, nowadays it has become unpredictable..
41.2. Ippo |   Link |  Bookmark |April 2, 2024 3:24:36 PM
@Vimal Garodia Ji. Thank you for answering my query.
40. Aman Soni |   Link |  Bookmark |April 1, 2024 11:00:01 PM
Alloted 1 lot. Any gmp ? Last heard GMP was 4/7 Rs.
40.3. Sreeni Dintakurti |   Link |  Bookmark |April 2, 2024 1:35:47 PM
@Vimal Garodia: Appreciated for quick response
:-)
40.4. Aman Soni |   Link |  Bookmark |April 3, 2024 10:54:27 AM
Sold 1 lot at 56.5/-
39. TIPSY |   Link |  Bookmark |April 2, 2024 1:17:39 AM
Allotted 1 lot , made 4 applications of 3 lot each