IPO Details

Bidding Dates

25 Mar '24 - 27 Mar '24

Minimum Investment

₹1,08,000

Price Range

₹51 - ₹54

Maximum Investment

₹1,08,000

Retail Discount

To be announced

Issue Size

₹21.97 Cr

Investor category and sub category

Retail Individual Investors  |   Non-Institutional Investors  |   Qualified Institutional Buyers (QIB)  |  

IPO Dates

Important dates with respect to IPO allotment and listing

Anchor Date

Mar 24, 2024

Opening Date

Mar 25, 2024

Closing Date

Mar 27, 2024

Basis of Allotment

Mar 31, 2024

Initiation of Refunds

Apr 1, 2024

Credit of Shares to Demat

Apr 1, 2024

Listing Date

Apr 2, 2024

Cut-off time for UPI mandate confirmation

Mar 18, 2024

IPO Subscription Details

DateQIBNIIRetailTotal

Day 1Mar 26, 2024

 2.92 1.37 5.95 4.10

Day 2Mar 25, 2024

 2.91 0.70 2.57 2.26

IPO Subscription Status Live

Investor Category Subscription (Times)
Qualified Institutional Buyers 2.92
Non-Institutional Buyers 1.37
Retail Investors 5.95
Total 4.10

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

IPO Financials

Particulars Period ended December 31, 2023 Period ending on March 31, 2023 Period ending on March 31, 2022 Period ending on March 31, 2021
Total Revenue (₹ in lakh) 17,710.29 34,620.10 25,558.30 10,833.44
Profit after Tax (₹ in lakh) 393.28 530.85 437.36 227.75
Net Worth (₹ in lakh) 1,944.53 1,551.25 1,020.39 520.98
Earnings Per Equity Share (in ₹) 3.54 4.78 3.95 2.25
Total Borrowings (₹ in lakh) 1,160.89 881.53 111.02 55.91

Know before investing

Strengths

2

  1. The company boasts a robust geographical diversification, generating over 87% of its revenue from the top 10 regions in India, showcasing its wide reach across rural and semi-urban areas.

  2. With 16 warehousing and transportation partners, the company ensures swift delivery across every state, emphasizing its strong logistics network in servicing remote locations.

Risks

4

  1. Past growth, including a 78.12% CAGR over three years, may not predict future outcomes, potentially affecting the company's ability to maintain historical growth rates.

  2. The company's plans to set up warehouses are pending location identification and lease agreements, introducing uncertainty in operational expansion and financial allocations.

  3. Reliance on a few key intermediaries for revenue generation exposes the company to risks if these partnerships are lost, impacting profitability and operations.

  4. A substantial revenue portion comes from the top five products, making the company vulnerable to customer preferences shifts or production challenges.

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Aspire & Innovative Advertising Limited IPO FAQs

What is Aspire & Innovative Advertising Limited's IPO?

Aspire & Innovative Advertising Limited IPO is a fresh issue of up to ₹21.97 Crore. It is a book-built issue. 

When will Aspire & Innovative Advertising Limited's IPO be allotted?

The Aspire & Innovative Advertising Limited’s shares will be allotted on April 2, 2024.

When will Aspire & Innovative Advertising Limited's IPO open for subscription?

The IPO subscription window for Aspire & Innovative Advertising Limited will open on March 26, 2024.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for at least one lot, which is a size of 2,000 shares, with a sum of ₹1,08,000.

When will Aspire & Innovative Advertising Limited list on exchanges?

Aspire & Innovative Advertising Limited will be listed on NSE Emerge. The stock will be listed on April 3, 2024.

How do I check the allotment status of Aspire & Innovative Advertising Limited?

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.

What would be the listing gains on Aspire & Innovative Advertising Limited's IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

I have finished the application process for Aspire & Innovative Advertising Limited, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Aspire & Innovative Advertising Limited's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Aspire & Innovative Advertising Limited using one PAN?

You can submit only one application using your PAN card.