Recently Viewed
Clear AllBidding Date
26-Mar-2024 to
28-Mar-2024
Issue Size
₹21.97 Cr
Price Band
₹51 to ₹54
Allotment date
01-Apr-2024
Listing date
03-Apr-2024
Lot size
2000
No. of shares
40,68,000
Fresh issue/OFS
₹21.97 Cr /--
Aspire & Innovative Advertising Ltd commenced operations in 2017 with a vision to deliver advanced yet affordable products directly to customers' doorsteps, particularly in underserved regions. They specialize in the trading of various consumer durables, including kitchen appliances, home appliances, white goods, mobile phones, accessories, solar products, and more. Their extensive product range features offerings from renowned brands such as Bajaj, Prestige, Vivo, Samsung, Crompton, Whirlpool, Hindware, Havells, among others. The company caters to diverse customer requirements by offering products at different price points, ensuring accessibility to a wide demographic across India.They serve as a one-stop platform that aggregates multiple brands under a single umbrella, thereby simplifying the shopping experience for customers. Their business model heavily relies on intermediaries such as Non-Banking Financial Companies (NBFCs) and Micro Finance Institutions (MFIs) to reach their target market effectively. The company's revenue streams include direct sales, advertisement income, and sales through intermediaries, with a significant focus on the latter to penetrate underserved markets.
Category
Status
QIBs
--
NIIs
--
Retail
--
Others
--
Total
10.1x
The issue size of ASPIRE is ₹21.97 Cr.
ASPIRE falls into Diversified Retail industry.
The ASPIRE IPO will be listed on BSE.
The open and close dates for the ASPIRE are 26-Mar-2024 & 28-Mar-2024.
The price band for the ASPIRE ipo is ₹51 to ₹54
The listing date of ASPIRE IPO is 03-Apr-2024.
The purpose of this IPO is to raise fresh capital.
ASPIRE total subscription ratio is 10.1X.
Key financial of the ASPIRE are:
| ASPIRE | FY-23 | FY-22 | FY-21 |
|---|---|---|---|
| Revenue (₹ Cr) | 345.72 | 255.38 | 108.12 |
| EBIT (₹ Cr) | 7.1 | 6.27 | 3.08 |
| Proft after Tax (₹ Cr) | 5.31 | 4.37 | 2.28 |
| Debt (₹ Cr) | 8.82 | 1.11 | 0.56 |
| Net Worth (₹ Cr) | 15.51 | 10.2 | 5.21 |
| RoE (%) | 34.22 | 42.86 | 43.72 |