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SME IPO Status: Listed [26th Mar 2024 to 28th Mar 2024]
Aspire & Innovative IPO, a SME IPO of ₹21.97 Cr was launced on 26-03-2024 to 28-03-2024 and the shares got listed on NSE SME on 03-04-2024.
The public issue of Aspire & Innovative IPO (ASPIRE) was offered at ₹54.00 per share and the ipo was listed at ₹56.50. It has delivered listing gain of 4.63%.
As the minimum lot size was 2000 shares, the IPO has offered Rs 5000.00 per lot return on listing.
| SME IPO Issue Opening Date: | 26th Mar 2024 |
| SME IPO Issue Closing Date: | 28th Mar 2024 |
| SME IPO Issue Price: | ₹51.00-54.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not Less than 35% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹21.97 Cr |
| Fresh Issue: | ₹21.97 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 98.84% |
| Promoter Holding Post IPO: | 72.35% |
| Allotment Status: | Allotment Status |
| NSE Code: | ASPIRE |
Get important updates regarding Aspire & Innovative SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 1st Apr 2024 |
| Refunds Initiation* | 2nd Apr 2024 |
| Credit of Shares to Demat* | 2nd Apr 2024 |
| SME IPO Listing Date* | 3rd Apr 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹51.00-54.00 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹108000 |
| Min HNI Lots: | 4000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 03-04-2024 | 54.00 | 4 | 6100 | ₹58 (7.41%) | 3-Apr-2024 10:32 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Aspire & Innovative Advertising Limited was established in 2017 and is engaged in trading a wide range of consumer durables like kitchen appliances, home appliances, white goods, cell phones and their accessories, solar products etc. from several reputed brands like Bajaj, Prestige, Vivo, Samsung, Crompton, Whirlpool, Hindware, Havells and many more. The product range is offered at various price points to cater to different customer requirements across India, especially in rural and semi-urban areas. The company provides a platform that brings together multiple brands under one roof to fulfil customers' requirements and enhance their lifestyles.
The company has started its operations with an aim to provide simple yet advanced products to the rural and semi-urban population of India and deliver them to the doorstep of the customers in the rural and semi-urban areas of the country, focusing on the unbanked customer segments.
They operate an "asset-light" business model where their main expenditure is paying referral fees and commissions to these intermediaries for their services. This includes marketing their products to their existing customer base in rural and semi-urban communities, empowering their sales staff and trainers to interact with their customers, capturing expected demand and providing banking and financial services to purchase their products. Based on the expected demand, they place orders with the relevant product companies who deliver the required products to their various warehouses across the states in India.
The company boasts a diverse array of products, numbering more than 50, that cater to a wide range of consumer needs. These products include, but are not limited to, pressure cookers, induction hobs, mixers, dinner sets, sewing machines, ceiling fans, irons, inverter bulbs, electric heaters, cell phones, televisions, refrigerators, washing machines, headphones, and solar lanterns. With such a broad spectrum of offerings, the company is well-positioned to satisfy the demands of its customers across a variety of industries and sectors.
| Incorporation | Sector | IPO Issue Size | Website |
| 2017 | Consumer Durables | ₹21.97 Cr | https://www.aspireinnovate.in/ |
The company intends to utilize the proceeds of the Issue to meet the following objects:
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 774,000 (28.58%) | 580,000 (21.42%) | 1,354,000 (50%) | 2,708,000 | |
| 1 | 26th Mar 2024 19:32 | 2.91x | 0.70x | 2.57x | 2.26x |
| 2 | 27th Mar 2024 19:32 | 2.92x | 1.38x | 6.00x | 4.13x |
| 3 | 28th Mar 2024 19:32 | 5.21x | 25.60x | 16.39x | 15.17x |
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 Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 8,135.72 | 6,256.99 | 5,328.01 | 3,492.07 |
| Revenue | 17,710.29 | 34,620.10 | 25,558.30 | 10,833.44 |
| Profit After Tax | 393.28 | 530.85 | 437.36 | 227.75 |
| Net Worth | 1,944.53 | 1,551.25 | 1,020.39 | 520.98 |
| Reserves and Surplus | 833.53 | 1,440.15 | 909.29 | 519.98 |
| Total Borrowing | 1,160.89 | 881.53 | 111.02 | 55.91 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Aspire & Innovative Advertising Limited | 4.78 | 4.78 | 17.5 | 11.3 | 20.22 | Standalone |
Last Updated on 07-Apr-2024 07:02:45
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Aspire & Innovative SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Aspire & Innovative SME IPO with Zerodha.
Alternate approch to apply in Aspire & Innovative SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Aspire & Innovative SME IPO Review and Important Updates
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To subscribe or apply in Aspire & Innovative SME IPO, you can use the following methods:
| Aspire & Innovative SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Aspire & Innovative SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Aspire & Innovative SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Aspire & Innovative SME IPO. Most of the Syndicate Banks provide access to apply in Aspire & Innovative IPO via ASBA process. You must have your net banking access, DP ID information to apply in Aspire & Innovative SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Aspire & Innovative SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Aspire & Innovative SME IPO Review and Important Updates
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Aspire & Innovative SME IPO is going to be list on 03-04-2024. NSE Code for Aspire & Innovative is ASPIRE.
Other relevant questions:
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Aspire & Innovative SME IPO Allotment Date is 01-04-2024.
Other relevant questions:
Aspire & Innovative SME IPO share allotment date?Aspire & Innovative SME IPO allotment date?
