Aspire & Innovative is engaged in the business of trading of wide range of consumer durables like kitchen appliances, home appliances, white goods, mobile phones and their accessories, solar products, etc. of multiple renowned brands such as Bajaj, Prestige, Vivo, Samsung, Crompton, Whirlpool, Hindware, Havells and many more. Their range of products is offered at different price points to meet diverse customer requirements across India along with delivery of products mainly in the rural and semi-urban areas. They provide one platform that brings multiple brands under one umbrella to fulfill the requirements of the customer thus, improving their lifestyles.
They started their business in 2017 to provide basic but advanced products to India’s rural and semi-urban population along with product delivery up to customers’ doorstops, in rural and semi-urban areas of the country with a focus on un-banked and underbanked customer segments through partners working in this space. To achieve this objective, in addition to their sales team, they have entered into commercial arrangements with a large number of intermediaries like Non-Banking Financial Companies (NBFCs), NonBanking Financial Companies (NBFCs)- Micro Finance Institutions (MFIs) along with Warehousing and Transportation facilities in 28 states in India. As of the date of this Draft Red Herring Prospectus, they have more than 15 intermediaries for marketing their various products at various locations.
Their product portfolio comprises more than 50 products such as pressure cookers, induction cooktops, mixer-grinders, Dinner Sets, sewing machines, ceiling fans, iron, inverter bulbs, electric heaters, mobile phones, televisions, fridges, washing machines, headphones, solar lanterns etc.
Objects of the Issue:
- To meet Working Capital requirements.
- To finance the cost of establishing new warehouses.
- General Corporate Purpose.
Aspire & Innovative IPO Review
- May Apply
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 net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| 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 minimum market lot is 2000 shares with a ₹108,000 application amount.
| 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 close date is March 28. The IPO allotment date is April 1 and the IPO might list 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 check IPO subscription status and IPO allotment status on their respective pages.
Aspire & Innovative IPO Form
How to apply Aspire & Innovative IPO? You can apply Aspire & Innovative IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Aspire & Innovative IPO in the Invest section. The other option you can apply Aspire & Innovative IPO via IPO forms download via the NSE website. Check out the Aspire & Innovative forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
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 detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹4.78 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 34.22% |
| Net Asset Value (NAV): | ₹13.96 per Equity Share |
Peer Group
- NA
Company Promoters
- 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 status on Bigshare website URL. Click Here
Aspire & Innovative IPO Lead Managers aka Merchant Bankers
- Hem Securities Limited
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/
