IPO Details
Bidding Dates
26 Mar 24 - 28 Mar 24
Price Range ₹
51 - 54
Total Equity
₹ 21.97Cr
Lot Size
2000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
26 Mar 2024
Offer end
28 Mar 2024
Allotment
01 Apr 2024
Refund initiation
02 Apr 2024
Demat transfer
02 Apr 2024
Listing
03 Apr 2024
Offer start
26 Mar 2024
Offer end
28 Mar 2024
Allotment
01 Apr 2024
Refund initiation
02 Apr 2024
Demat transfer
02 Apr 2024
Listing
03 Apr 2024
About Company
Established in 2017, Aspire & Innovative Advertising Limited specializes in consumer durables encompassing kitchen appliances, home essentials, electronics, mobile devices, solar products, and more. They retail products from renowned brands like Bajaj, Prestige, Vivo, Samsung, Crompton, Whirlpool, Hindware, Havells, and others. Operating on an asset-light model, the company bears expenses for facilitation fees and commissions paid to intermediaries. They extend services such as marketing, engagement with field staff, demand aggregation, and financial offerings to customers residing in rural and semi-urban areas. With a diverse portfolio of 50+ products, their offerings include cookware, electronics, and appliances such as pressure cookers, induction cooktops, mixer-grinders, dinnerware sets, sewing machines, fans, irons, light bulbs, heaters, smartphones, televisions, refrigerators, washing machines, headphones, and solar lanterns.
Year Founded
31-07-2017
Promotor Details
Nitesh Agarwalla
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 98.84 | 0 |
| Share Capital | 10981674 | 10981674 |
Offer to Public
40,68,000.00 Cr
Project Details
- To finance the cost of establishing new warehouses - 49.504cr
Objectives
- To meet Working Capital requirements
- andTo finance the cost of establishing new warehousesGeneral Corporate Purpose.
Highlights
- Wide Transportation Facilities for Seamless Distribution.
- Extensive Network of Warehouses for Efficient Storage.
- Quality Assurance for Consistent Product Standards.
- Revenue Diversity from Rural and Semi-Urban Areas in India.
- Robust Portfolio Covering Varied Consumer Needs.
Challenges
- Vulnerability to Supply Chain Risks, such as transportation and warehousing uncertainties, impacting product delivery and customer satisfaction.
- Business Operations Hinged on Rental Premises, with risks of non-renewal or disputes potentially affecting operations.
- Future Growth Tied to Market Acceptance of New Products, Technologies, and Customer Base.
- Past Performance not Indicative of Future Growth, highlighting the need for sustained strategies for financial success.
- Reliance on Third-Party Suppliers for Product Trading, posing risks of delays impacting business, profitability, and reputation.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 6,244.24 | 111.10 | 530.85 | 530.85 | 4.7781 |
| 2021 | 3,486.42 | 1.00 | 227.75 | 227.75 | 2.255 |
| 2024 | 11,631.81 | 1,111.00 | 530.85 | 530.85 | 4.7781 |
| 2022 | 5,316.50 | 111.10 | 437.36 | 437.36 | 3.9366 |
