Aspire & Innovative Advertising Limited IPO
Introduction:
Aspire & Innovative Advertising Limited has announced its Initial Public Offering (IPO) with a book-built issue aiming to raise Rs 21.97 crores through the issuance of 40.68 lakh shares. Set within the price band of ₹51 to ₹54 per share, this IPO opens a window for investors to partake in the company's growth journey. Below is a detailed overview of the Aspire & Innovative IPO, structured in tables for enhanced clarity.
IPO Details:
Detail | Description |
---|---|
IPO Open Date | March 26, 2024 |
IPO Close Date | March 28, 2024 |
Listing Date | April 3, 2024 (Tentative) |
Issue Type | Book Built Issue IPO |
Price Band | ₹51 to ₹54 per share |
Lot Size | 2000 Shares |
Total Issue Size | 4,068,000 shares (Aggregating up to ₹21.97 Cr) |
Listing At | NSE SME |
Initiation of Refunds | April 2, 2024 |
Credit of Shares to Demat | April 2, 2024 |
Book Running Lead Manager | Hem Securities Limited |
Registrar | Bigshare Services Pvt Ltd |
Market Maker | Hem Finlease |
IPO Subscription Details:
Category | Shares Offered | Percentage of Net Issue |
---|---|---|
QIB | Not More than 50% of the Net Issue | - |
Retail | Not Less than 35% of the Net Issue | - |
NII (HNI) | Not Less than 15% of the Net Issue | - |
IPO Lot Size and Investment:
Investor Type | Lots | Shares | Amount (₹) |
---|---|---|---|
Retail (Min) | 1 | 2000 | ₹108,000 |
Retail (Max) | 1 | 2000 | ₹108,000 |
HNI (Min) | 2 | 4000 | ₹216,000 |
Company Overview:
Aspire & Innovative Advertising Limited, established in 2017, operates in the consumer durables sector, dealing with kitchen appliances, home appliances, mobile phones, solar products, and more. It has formed commercial arrangements with over 15 intermediaries and operates 19 warehouses across 16 states. As of November 30, 2023, the company employs 49 full-time staff.
Financial Performance:
Period Ending | Assets (₹ Lakhs) | Revenue (₹ Lakhs) | PAT (₹ Lakhs) |
---|---|---|---|
Sep 30, 2023 | 8,135.72 | 17,710.29 | 393.28 |
Mar 31, 2023 | 6,256.99 | 34,620.10 | 530.85 |
Key Performance Indicators:
KPI | Value |
---|---|
Market Capitalization | Rs 81.96 Cr |
ROE | 22.50% |
ROCE | 18.59% |
RoNW | 20.22% |
P/BV | 3.09 |
PAT Margin (%) | 2.23% |
IPO Objectives:
The net proceeds from the IPO are earmarked for the following purposes:
- 1. To meet working capital requirements.
- 2. To finance the cost of establishing new warehouses.
- 2. General corporate purposes.
Aspire & Innovative IPO Review:
Analyst Dilip Davda considers the Aspire & Innovative IPO as a "High Risk/Low Return" bet, citing its operation in a competitive trading business. While the issue appears reasonably priced based on FY24 annualized earnings.
Frequently asked Questions (FAQs )
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