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 )
-
What is the Aspire & Innovative IPO?
Aspire & Innovative IPO is a book-built issue aiming to raise Rs 21.97 crores through the fresh issuance of 40.68 lakh shares, priced between ₹51 and ₹54 per share.
-
When is the Aspire & Innovative IPO scheduled?
The IPO is set to open on March 26, 2024, and close on March 28, 2024.
-
What is the listing date for the Aspire & Innovative IPO?
The tentative listing date is April 3, 2024, on the NSE SME platform.
-
What is the price band for the Aspire & Innovative IPO?
The price band for the IPO is set at ₹51 to ₹54 per share.
-
What is the minimum lot size for the IPO?
The minimum lot size for this IPO is 2000 shares.
-
How much is the minimum investment required for the IPO?
The minimum investment required for retail investors is ₹108,000. For HNI investors, it's ₹216,000 for 2 lots (4,000 shares).
-
Who is the book running lead manager for the IPO?
Hem Securities Limited is the book running lead manager for the IPO.
-
Who is the registrar for the IPO?
Bigshare Services Pvt Ltd is the registrar for the IPO.
-
Who is the market maker for the IPO?
Hem Finlease is the market maker for this IPO.
-
What are the main products of Aspire & Innovative Advertising Limited?
Aspire & Innovative Advertising Limited deals in consumer durables, including kitchen appliances, home appliances, white goods, mobile phones and accessories, solar products, and more.
-
What will the IPO proceeds be used for?
The IPO proceeds will be used for meeting working capital requirements, financing the cost of establishing new warehouses, and general corporate purposes.
-
Where is Aspire & Innovative Advertising Limited located?
The specific location details are provided in their Red Herring Prospectus (RHP), but the company operates across multiple states in India.
-
What is the financial performance of Aspire & Innovative Advertising Limited?
As of September 30, 2023, the company reported a revenue of 17,710.29 lakhs and a profit after tax (PAT) of 393.28 lakhs for the period ended on that date.
-
Is the Aspire & Innovative IPO worth investing in?
Analyst Dilip Davda labels the IPO as a "High Risk/Low Return" bet, indicating that while the issue appears reasonably priced based on FY24 annualized earnings, investors should carefully consider the risks involved.
-
What is the Aspire & Innovative IPO?
Aspire & Innovative IPO is a book-built issue aiming to raise Rs 21.97 crores through the fresh issuance of 40.68 lakh shares, priced between ₹51 and ₹54 per share.
-
When is the Aspire & Innovative IPO scheduled?
The IPO is set to open on March 26, 2024, and close on March 28, 2024.
-
What is the listing date for the Aspire & Innovative IPO?
The tentative listing date is April 3, 2024, on the NSE SME platform.
-
What is the price band for the Aspire & Innovative IPO?
The price band for the IPO is set at ₹51 to ₹54 per share.
-
What is the minimum lot size for the IPO?
The minimum lot size for this IPO is 2000 shares.
-
How much is the minimum investment required for the IPO?
The minimum investment required for retail investors is ₹108,000. For HNI investors, it's ₹216,000 for 2 lots (4,000 shares).
-
Who is the book running lead manager for the IPO?
Hem Securities Limited is the book running lead manager for the IPO.
-
Who is the registrar for the IPO?
Bigshare Services Pvt Ltd is the registrar for the IPO.
-
Who is the market maker for the IPO?
Hem Finlease is the market maker for this IPO.
-
What are the main products of Aspire & Innovative Advertising Limited?
Aspire & Innovative Advertising Limited deals in consumer durables, including kitchen appliances, home appliances, white goods, mobile phones and accessories, solar products, and more.
-
What will the IPO proceeds be used for?
The IPO proceeds will be used for meeting working capital requirements, financing the cost of establishing new warehouses, and general corporate purposes.
-
Where is Aspire & Innovative Advertising Limited located?
The specific location details are provided in their Red Herring Prospectus (RHP), but the company operates across multiple states in India.
-
What is the financial performance of Aspire & Innovative Advertising Limited?
As of September 30, 2023, the company reported a revenue of 17,710.29 lakhs and a profit after tax (PAT) of 393.28 lakhs for the period ended on that date.
-
Is the Aspire & Innovative IPO worth investing in?
Analyst Dilip Davda labels the IPO as a "High Risk/Low Return" bet, indicating that while the issue appears reasonably priced based on FY24 annualized earnings, investors should carefully consider the risks involved.
Read More IPO related blogs - AVP Infracon IPO