Aspire & Innovative is engaged within the trade of buying and selling of wide selection of client durables like kitchen home equipment, house home equipment, white items, cell phones and their equipment, sun merchandise, and so on. of a couple of famend manufacturers corresponding to Bajaj, Prestige, Vivo, Samsung, Crompton, Whirlpool, Hindware, Havells and lots of extra. Their vary of goods is obtainable at other worth issues to satisfy various buyer necessities throughout India at the side of supply of goods basically within the rural and semi-urban spaces. They supply one platform that brings a couple of manufacturers beneath one umbrella to meet the necessities of the client thus, making improvements to their existence.
They began their trade in 2017 to offer fundamental however complicated merchandise to India’s rural and semi-urban inhabitants at the side of product supply as much as shoppers’ doorstops, in rural and semi-urban spaces of the rustic with a focal point on un-banked and underbanked buyer segments via companions operating on this house. To accomplish that function, along with their gross sales staff, they have got entered into industrial preparations with numerous intermediaries like Non-Banking Financial Companies (NBFCs), NonBanking Financial Companies (NBFCs)- Micro Finance Institutions (MFIs) at the side of Warehousing and Transportation amenities in 28 states in India. As of the date of this Draft Red Herring Prospectus, they have got greater than 15 intermediaries for advertising and marketing their quite a lot of merchandise at quite a lot of places.
Their product portfolio incorporates greater than 50 merchandise corresponding to power cookers, induction cooktops, mixer-grinders, Dinner Sets, stitching machines, ceiling fanatics, iron, inverter bulbs, electrical warmers, cell phones, televisions, refrigerators, washing machines, headphones, sun lanterns and so on.
Objects of the Issue:
- To meet Working Capital necessities.
- To finance the price of setting up new warehouses.
- General Corporate Purpose.
Aspire & Innovative IPO Review
Aspire & Innovative IPO Date & Price Band Details
IPO Open: | March 26, 2024 |
IPO Close: | March 28, 2024 |
IPO Size: | Approx ₹21.97 Crores, 4,068,000 Equity Shares |
Face Value: | ₹10 Per Equity Share |
IPO Price Band: | ₹51 to ₹54 Per Equity Share |
IPO Listing on: | NSE SME |
Retail Quota: | 35% of the online be offering |
QIB Quota: | 50% of the online be offering |
NII Quota: | 15% of the online be offering |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Anchor Investors in IPO: | Click Here |
Aspire & Innovative IPO Market Lot
The Aspire & Innovative IPO minimal marketplace lot is 2000 stocks with a ₹108,000 utility quantity.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | 2000 | ₹108,000 |
Retail Maximum | 1 | 2000 | ₹108,000 |
S-HNI Minimum | 2 | 4000 | ₹216,000 |
Aspire & Innovative IPO Dates
The Aspire & Innovative IPO date is March 26 and the IPO shut date is March 28. The IPO allotment date is April 1 and the IPO would possibly checklist on March April 3.
IPO Open Date: | March 26, 2024 |
IPO Close Date: | March 28, 2024 |
Basis of Allotment: | April 1, 2024 |
Refunds: | April 2, 2024 |
Credit to Demat Account: | April 2, 2024 |
IPO Listing Date: | April 3, 2024 |
You can take a look at IPO subscription standing and IPO allotment standing on their respective pages.
Aspire & Innovative IPO Form
How to use Aspire & Innovative IPO? You can observe Aspire & Innovative IPO by means of ASBA to be had for your checking account. Just move to the web financial institution login and observe by means of your checking account through deciding on the Aspire & Innovative IPO within the Invest segment. The different possibility you’ll be able to observe Aspire & Innovative IPO by means of IPO bureaucracy obtain by means of the NSE website online. Check out the Aspire & Innovative bureaucracy – click on NSE IPO Forms download, fill and put up for your financial institution or along with your dealer.
Aspire & Innovative Company Financial Report
₹ in Crores | |||
Year | Revenue | Expense | PAT |
2021 | ₹108.33 | ₹105.13 | ₹2.28 |
2022 | ₹255.58 | ₹249.45 | ₹4.37 |
2023 | ₹346.20 | ₹339.00 | ₹5.31 |
Sept 2023 | ₹177.10 | ₹171.72 | ₹3.93 |
Aspire & Innovative IPO Valuation – FY2023
Check Aspire & Innovative IPO valuations element like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) main points.
Earning Per Share (EPS): | ₹4.78 in keeping with Equity Share |
Price/Earning P/E Ratio: | NA |
Return on Net Worth (RoNW): | 34.22% |
Net Asset Value (NAV): | ₹13.96 in keeping with Equity Share |
Peer Group
- Nitesh Agarwalla
- Rinku Agarwalla
Aspire & Innovative IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com
Aspire & Innovative IPO Allotment Status
Check Aspire & Innovative IPO allotment standing on Bigshare website online URL. Click Here
Aspire & Innovative IPO Lead Managers aka Merchant Bankers
Company Address
Aspire & Innovative Advertising Limited
C-4 Baldev Park
Shahdara
East Delhi -110051,
Phone: +91-124-2213055
Email: [email protected]
Website: https://www.aspireinnovate.in/
Aspire & Innovative IPO FAQs
What is Aspire & Innovative IPO?
Aspire & Innovative IPO is an NSE SME IPO. They are going to lift ₹21.97 Crores by means of IPO. The factor is priced at ₹51 to ₹54 in keeping with fairness percentage. The IPO is to be indexed on NSE.
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What is Aspire & Innovative IPO Price Band?
Aspire & Innovative IPO Price Band is ₹51 to ₹54 in keeping with fairness percentage.
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Note: The Aspire & Innovative IPO main points are introduced formally. The IPO gray marketplace top rate (Aspire & Innovative IPO Premium) is up to date at the respective web page. You can take a look at our IPO gray marketplace web page for day-to-day updates.
– Source : IPOWATCH