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Open
26 Mar 2024
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Close
28 Mar 2024
3
Allotment
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Listing
Wed, Apr 3, 2024
Price Band
₹51 to ₹54
Issue Size
40,68,000 shares (agg. up to ₹22 Cr)
Lot Size
2,000 Shares
Listing Date
Wed, Apr 3, 2024
Latest GMP
₹4
Est. Gain
7.41%
✦ AI Insight
GMP Trend
03-04-2024₹4Est. ₹58+7.41%
02-04-2024₹4Est. ₹58+7.41%
01-04-2024₹0Est. ₹54+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 10.82x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 81.36 | 62.57 | 53.28 | 34.92 |
| Total Income | 177.10 | 346.20 | 255.58 | 108.33 |
| Profit After Tax | 3.93 | 5.31 | 4.37 | 2.28 |
| NET Worth | 19.45 | 15.51 | 10.20 | 5.21 |
| Reserves and Surplus | 8.34 | 14.40 | 9.09 | 5.20 |
| Total Borrowing | 11.61 | 8.82 | 1.11 | 0.56 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Greenchef Appliances Ltd. | SME | ₹53.62 Cr | ₹87 | 14.87 | ₹109.20 | +25.52% | ₹47.10 (+0.96%) |
| EPACK Durable Ltd. | Mainboard | ₹640.05 Cr | ₹230 | 56.4 | ₹207.60 | -9.74% | ₹245.13 (-0.75%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet Working Capital requirements | 9.00 |
| 2 | To finance the cost of establishing new warehouses | 4.95 |
| 3 | General Corporate Purpose | 5.47 |
About Aspire & Innovative IPO
Founded in 2017, Aspire & Innovative Advertising Limited deals in consumer durables, including kitchen appliances, home appliances, white goods, mobile phones and accessories, solar products, and more. They deal in products from renowned brands such as Bajaj, Prestige, Vivo, Samsung, Crompton, Whirlpool, Hindware, Havells, and many others. The company's asset-light model incurs expenses for facilitation fees and commission paid to intermediaries. They provide services such as marketing, field staff interaction, demand collation, and financial services to customers in rural and semi-urban communities. The company offers 50+ products, including cookware, electronics, and appliances such as pressure cookers, induction cooktops, mixer-grinders, dinner sets, sewing machines, fans, irons, bulbs, heaters, phones, TVs, refrigerators, washing machines, headphones, and solar lanterns. The company has commercial arrangements with 15+ intermediaries and operates 19 warehouses in 16 states. As of November 30, 2023, the company has 49 full-time employees, including managers.+ Read More
Contact Details
Aspire & Innovative Advertising Ltd. AddressC-4 Baldev ParkShahdaraDelhi, New Delhi, 110051+91-124-2213055cs@aspireinnovate.inVisit Website