Aspire & Innovative Advertising Limited IPO

About Aspire & Innovative Advertising Limited

Since its inception in 2017, Aspire & Innovative Advertising Limited has been dedicated to serving India's rural and semi-urban populations by offering advanced yet fundamental products directly to their doorsteps. The company has strategically focused on catering to the unbanked and underbanked sectors, leveraging partnerships with entities active in these areas.

To ensure the broad reach and effectiveness of its distribution, Aspire & Innovative Advertising Limited predominantly utilises a network of intermediaries for product sales. This network includes Non-Banking Financial Companies (NBFCs), Micro Finance Institutions (MFIs), and is supported by comprehensive warehousing and transportation infrastructure spread across 16 Indian states.

The company boasts partnerships with over 15 intermediaries, enabling a wide-reaching marketing network for its diverse product lineup in various regions.

The company is engaged in the consumer durables sector, offering an array of products that encompass kitchen and home appliances, white goods, mobile phones and accessories, along with solar products. This company is associated with leading brands such as Bajaj, Prestige, Vivo, Samsung, Crompton, Whirlpool, Hindware, Havells, among others, ensuring a portfolio rich in quality and diversity.

The organisation's product lineup exceeds 50 items, ranging from cookware and electronics to various appliances. This includes pressure cookers, induction cooktops, mixer-grinders, dinner sets, sewing machines, fans, irons, bulbs, heaters, phones, TVs, refrigerators, washing machines, headphones, and solar lanterns, catering to a broad spectrum of consumer needs.

Aspire & Innovative Advertising Limited has established commercial relationships with over 15 intermediaries and maintains a strong logistical network with 19 warehouses across 16 states, demonstrating its robust operational footprint.

By the end of November 2023, the firm boasted a dedicated workforce of 49 full-time employees, which includes a team of managers, underscoring its commitment to excellence and customer satisfaction.

Industry Outlook

1. By the year 2025, it is forecasted that India will emerge as the world’s fifth-largest market in the Consumer Electronics and Appliances sector. The Indian Appliances and Consumer Electronics (ACE) industry is expected to grow significantly, nearly doubling over the next three years to an estimated ₹1.48 lakh crore (approximately US$ 17.93 billion).
2. In 2021, the valuation of India's appliances and consumer electronics sector was recorded at US$ 9.84 billion. This figure is anticipated to soar, more than doubling to reach around ₹1.48 lakh crore (US$ 21.18 billion) by the year 2025.
3. The production of electronic hardware within the country was valued at US$ 87 billion in the year 2022. Further, the market for consumer electronics and home appliances in India is projected to expand by ₹1.78 lakh crore (US$ 2.3 billion) from 2022 to 2027, demonstrating a Compound Annual Growth Rate (CAGR) of 1.31%.

Aspire & Innovative Advertising Limited IPO Details

Aspire & Innovative Advertising Limited IPO Dates

The IPO of Aspire & Innovative Advertising Limited is open for subscription from March 26, 2024, to March 28, 2024.

Aspire & Innovative Advertising Limited IPO's Price Band

Aspire & Innovative Advertising Limited’s IPO is a fresh issue IPO of up to ₹21.97 crore. It is a book-building issue. The price range is set to ₹51 to ₹54 per share.

Aspire & Innovative Advertising Limited IPO's Lot Size

The lot size for Aspire & Innovative Advertising Limited’s IPO is 2,000 shares with a minimum investment of ₹1,08,000.

Aspire & Innovative Advertising Limited IPO's Objectives

The objectives of Aspire & Innovative Advertising Limited IPO are listed below:

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

Peer Details

As per RHP, the listed peer whose business portfolio is comparable to the Aspire & Innovative Advertising are as follows:

1. Ritco Logistics Limited
2. VRL Logistics Limited
3. Shreeji Translogistics Limited

How To Check the Allotment Status of Aspire & Innovative Advertising Limited’s IPO?

Steps to check IPO allotment status on Angel One’s app:

• Log in to the Angel One app.
• Go to the IPO Section and then to IPO Orders.
• Select the individual IPO that you had applied for and check the allotment status.
• As such, Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Aspire & Innovative Advertising Limited

Registered office: C-4 Baldev Park, Shahdara, East Delhi -110051, Delhi, India

Phone: +91-124-2213055

E-mail: cs@aspireinnovate.in