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Aspire & Innovation IPO Dates, Price Band, Rating, Analysis, and Allotment Details 2024

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Aspire & Innovation IPO

The initial public offering (IPO) of Aspire & Innovation will open for subscription on March 26 and close on March 28, comprising fresh issues of Rs.21.97 Crore An investor can apply for the issue for a minimum of 2000 shares and the listing will happen on April 03, 2024. 

#1. Quick Intro to Aspire & Innovation   

Aspire & Innovation Limited (2017) deals in consumer durables, including kitchen appliances with goods, mobile phones and accessories, solar products and more. They deal in products from renowned brands such as Bajaj, Prestige, Vivo, Samsung, Cropmton, Whirlpool, Hindware, Havells and many others.

Check out the IPO allotment status on IPO Deliver.

#2. IPO Object of Aspire & Innovation   

The company intends to use the IPO Funds for the following purposes:

  1. To meet working capital requirements.
  2. To finance the cost of establishing new warehouses. 
  3. General corporate purpose.

#3. Aspire & Innovation Core Strengths 

  1. Strong portfolio diverse range of products across consumer preferences.
  2. Diversified revenue from multiple locations including rural and semi urban geographies of India.
  3. Quality assurance ensuring standardized product quality.
  4. Network of warehousing and transportation facilities across various geographies.
#4. Aspire & Innovation IPO Review & Rating
Issue Size  Rs.21.97 Crore
Issue Price  Rs.51 to Rs.54 per share 
Minimum Lot Size 2000 Shares
Total Profit (Sep 30, 2023)  Rs.393.28 Lakhs
ROE (%) 22.50%
ROCE (%) 18.59%
Listing on NSE SME
IPO Deliver Rating Four

 

#5. Aspire & Innovation IPO Dates, Price Band & Details

Aspire & Innovation IPO will open on March 26, 2024, and close on March 28, 2024. The IPO is to be listed on April 03, 2024.  

Type of issue Book Built Issue IPO
Issue Size Rs.21.97 Crore
Price Brand Rs.51 to 54 per share
Face Value Rs. 10/- per share
IPO Open Date March 26, 2024
IPO Close Date March 28, 2024
IPO Allotment Date April 01, 2024
Refund Date April 02, 2024
Share Credit Date April 02, 2024
Listing Date April 03, 2024

 

#6. Aspire & Innovation IPO Offer Details

Aspire & Innovation IPO’s total issue size is 4,068,000 shares, comprising the below-mentioned categories. 

Offer Category Shares Offer Amount (Crore)
Fresh Issue 4,068,000 21.97
Offer for Sale (OFS) – –

 

#7. Aspire & Innovation Financials Overview (Lakhs)

The following table sets forth the summary of financial information of the company for the period September 30, 2023, March 31, 2023 and March 31, 2022.

Category (Rs.) Sep 30, 2023 March 31, 2023 March 31, 2022
Total Revenue 17,710.29 34,620.10 25,558.30
Net Worth 1,944.53 1,551.25 1,020.39
Profit 393.28 530.85 437.36
Total Borrowings 1,160.89 881.53 111.02

 

#8. Aspire & Innovation Quantitative Factors 

The following table sets forth the summary of financial information of the company for the period September 30, 2023, March 31, 2023 and March 31, 2022. 

Category Sep 30, 2023 March 31, 2023 March 31, 2022
EPS (Rs.) – 4.78 3.95
RoNW (%) – 34.22 42.86
NAV (Rs.)               – 13.96 9.22

 

#9. Aspire & Innovation Comparison with Other Peer Companies (Top 2)

Listed companies in India are comparable in all aspects of the business. 

Company Names Total Revenue

(Rs. in ……..)

 RoNW (%) NAV (Rs.)
–  – – –
– – – –

 

#10. Aspire & Innovation Company Promoters 

The company has two promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). 

Sr. No. Name of Promoter
01. Nitesh Agarwalla
02. Rinku Agarwalla

 

#11. Aspire & Innovation Pre-offer and Post-Offer Promoters Shareholding

Promoters Holding Percentage (%)
Pre-issue  98.84
Post-issue 72.35

 

#12. Aspire & Innovation IPO Reservation Details

Aspire & Innovation IPO total reservation shares are distributed between the below-mentioned categories. 

Category Share Offered
Retail Shares Offered Not less than 35% of the Issue size
NII Shares Offered Not less than 15% of the Issue size
QIB Shares Offered Not more than 50% of the Issue size

 

#13. Aspire & Innovation IPO – Lot Size

An investor can apply for a minimum of 2000 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:

Application Lot Size No. of Shares Amount (Rs.)
Retail (Min.) 1 2000 108,000
Retail (Max.) 1 2000 108,000
HNI (Min.) 2 4000 216,000

 

#14. Aspire & Innovation IPO – Prospectus Copy

An investor can download/view the Aspire & Innovation prospectus copy, which the company filed to exchange, details are as follows. 

Aspire & Innovation IPO Prospectus
Draft Red Herring Prospectus (DRHP)
Red Herring Prospectus (RHP)

 

#15. Aspire & Innovation IPO Registrar 

Bigshare Services Private Limited

Phone No.: +91-022-62638200

E-Mail: ipo@bigshareonline.com

Website: www.bigshareonline.com

#16. Aspire & Innovation IPO Lead Managers

HEM Securities Limited 

Phone No. +91-22 49060000

E-Mail: ib@hemsecurities.com

Website: www.hemsecurities.com

#17. Aspire & Innovation IPO Application (How to Apply for an IPO)

There are three primary options for applying for a Aspire & Innovation IPO, details are as follows: 

Option-1 Apply for IPO through Internet Banking

Step-1. Log into your bank account.

Step-2. In the invest Tab, you will see ASBA, click on it.

Step-3. Choose to apply for IPO and select the ongoing IPO “Aspire & Innovation    Limited”

Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment. 

Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively. 

Option-2 Apply for IPO through a Broker firm

Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)

Step-2. Click on the IPO tab and select the ongoing IPO “Aspire & Innovation Limited”

Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.

Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you. 

Option-3 Apply for IPO Offline Mode Bank mode

Step-1. Visit the nearest branch of your bank.

Step-2. Fill out the ASBA form and submit it with KYC details. 

Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you. 

#18. Aspire & Innovation Company Details

Aspire & Innovation Limited 

Registered Office: C-34 Baldev Park, Shahdara, East Delhi-110051, Delhi, India

Email: cs@aspireinnovate.in

Website: www.aspireinnovate.in

Investor Grievances/Compliance Officer: Rakesh

#19. Aspire & Innovation Subsidiary Companies (Top 2)

Sr.No. Name of Companies (Indian)
01. –
02. –

 

#20. Aspire & Innovation Company Board (Top 2)

Sr. No. Name of Directors
01. Nitesh Agarwalla
02. Rinku Agarwalla

 

Aspire & Innovation IPO – Frequently Asked Questions (FAQs)

#1. What is an Aspire & Innovation IPO?

Aspire & Innovation brings its IPO of Rs.21.97 crore, on March 26, 2024, with a price band of Rs.51 to Rs.54 per share.

 

#2. What is the Aspire & Innovation IPO Open date?

Aspire & Innovation  IPO’s opening date is March 26, 2024.

 

#3. What is the Aspire & Innovation IPO Close Date?

Aspire & Innovation  IPO’s closing date is March 28, 2024.

 

#4. What is the Aspire & Innovation IPO Listing date?

Aspire & Innovation’s IPO listing date is April 03 22, 2024.

 

#5. What is the Aspire & Innovation IPO Minimum investment amount?

Aspire & Innovation IPO’s minimum investment amount is Rs. 108,000.

 

#6. What is the Aspire & Innovation IPO offer issue Size?

Aspire & Innovation offers an issue size of Rs.21.97 crore.

 

#7. What is the Aspire & Innovation IPO Price Band?

Aspire & Innovation’s IPO price band is Rs.51 to Rs.54 per share.

 

#8. Is Aspire & Innovation IPO mainboard IPO or SME IPO?

Aspire & Innovation IPO is an SME IPO.

 

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