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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹21.97 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹21.97 Cr |
| Fresh Issue | ₹20.87 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹51.00-54.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | ASPIRE |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Hem Securities Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,000 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | 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 |
| 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 | ||||
| KPI | Sep 30, 2023 |
|---|---|
| ROE | 22.50% |
| ROCE | 18.59% |
| Debt / Equity | 0.60% |
| RoNW | 20.22% |
| PAT Margin | 2.23% |
| Price to Book Value | 3.09 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 4.78 | 5.18 |
| P/E (x) | 11.3 | 10.42 |
| Promoter Holding | 98.84% | 72.35% |
| Market Cap | ₹81.96 Cr. | |
