Aspire & Innovative Advertising Limited

Company Profile
Company Name Aspire & Innovative Advertising Limited
Open Date 26-03-2024
Close Date 28-03-2024
Exchange NSE SME
Lot Size 2000 Shares
Issue Price ₹51 to ₹54 per share
Issue Size 40,68,000 shares
Application Amount ₹1,08,000
Recommendation Apply
Aspire & Innovative Advertising Limited was originally incorporated in the year 2017 and has its registered office in Delhi, India. The company is engaged in the business of trading of wide range of consumer durables like kitchen appliances, home appliances, white goods, mobile phones and its accessories, solar products etc. of multiple renowned brands such as Bajaj, Prestige, Vivo, Samsung, Crompton, Whirlpool, Hindware, Havells and many more. Company’s range of products are offered at different price points to meet diverse customer requirements across India along with delivery of products mainly in the rural and semi urban areas. As of November 30th, 2023, the Company had 49 employees on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Sep-23
Total Assets 3,492.07 5,328.01 6,256.99 8,135.72
Net Assets 520.98 1,020.39 1,551.25 1,944.53
Total Borrowings 55.90 111.01 881.53 1,160.89
Total Revenue 10,833.4 25,558.3 34,620.10 17,710.29
Profit After Tax 227.75 437.36 530.85 393.28

Tentative Timeline

Opening Date 26-03-2024
Closing Date 28-03-2024
Basis of Allotment 01-04-2024
Initiation of Refunds 02-04-2024
Credit of Shares to Demat 02-04-2024
Listing Date 03-04-2024

Objects of the Issue

To meet Working Capital requirements.
To finance the cost of establishing new warehouses.
General corporate purposes.

Contact Information

Registered Office Aspire & Innovative Advertising Limited C-4 Baldev Park Shahdara East Delhi -110051
Phone +91-124-2213055
Email cs@aspireinnovate.in
Website https://www.aspireinnovate.in/

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200
Email investor@bigshareonline.com
Website https://ipo.bigshareonline.com/ipo_status.html

IPO Reservation

Anchor Investor Shares Offered 1,156,000 (28.42%)
Market Maker Shares Offered 204,000 (5.01%)
QIB Shares Offered 774,000 (19.03%)
NII (HNI) Shares Offered 580,000 (14.26%)
Retail Shares Offered 1,354,000 (33.28%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 98.84%
Share Holding Post Issue (Promoters) 72.35%

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