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Aspire & Innovative Advertising Limited IPO

Aspire & Innovative Advertising Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
List Price :
Lot Size:
Subscription:
Listed Price: ₹ 56.50 (+4.63%)

Having completed its public offering, Aspire & Innovative Advertising Limited's is now listed and trading on the NSE exchange as of 03-04-2024. The IPO raised cumulative capital of 40,68,000 Shares, including 40,68,000 Shares in primary capital infusion.

The IPO was conducted with a price range of ₹51 to ₹54 and minimum investment requirement of 2000 shares. subscription activity between 26-03-2024 and 28-03-2024 reflected market assessment of the offering's valuation and prospects.

The allotment process finalized on 01-04-2024 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.

Aspire & IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Aspire & IPO Key Performance Indicator
Company Financials ( in ₹ Lakhs )

Aspire & IPO About Company

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.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Aspire & IPO Strength Factors

  1. Diverse Product Portfolio: Offering over 50 products across kitchen appliances, electronics, and solar solutions reduces reliance on any single category, increasing market stability.
  2. Broad Revenue Base: A strong presence in rural and semi-urban areas diversifies income sources, reducing risk from urban market fluctuations.
  3. Efficient Logistics: With 19 warehouses across 16 states, the company ensures smooth distribution, cost control, and quick response to market demand.

Aspire & IPO Risk Factors

  1. Reliance on Third-Party Suppliers: Delays or supply chain disruptions could impact product availability and profitability.
  2. Logistical Uncertainties: Dependence on external transportation and warehousing services exposes the company to risks like delivery delays, inventory issues, and potential customer dissatisfaction.
  3. Market Uncertainty for New Products: Success depends on launching products that align with customer expectations; failure could slow growth and impact profitability.

Aspire & IPO Lead Manager(s)

  • Hem Securities Limited

Aspire & IPO Promoter(s)

  1. Nitesh Agarwalla
  2. Rinku Agarwalla

Aspire & IPO Company Details

Aspire & Innovative Advertising Limited
Phone:
address:

Aspire & IPO Registrar

Bigshare Services Private Limited
Name:
Phone:

Aspire & IPO FAQs