Aspire & Innovative advertising Limited was incorporated in 2017. Aspire & Innovative IPO subscription open from 24 march 2024 and issue closes on 28 march 2024. IPO Face value is Rs.10. Issue bid size is between Rs.51 to Rs.54 per share. The minimum lot size is 2000 shares per lot.
Bigshare Services Private Limited is the registrar of this IPO and Hem Securities Limited is the book running lead manager of Aspire Innovative IPO. Hem Finlease is the market maker of Aspire & Innovative advertising Limited.
Aspire & Innovative IPO Details
| Company Name | Aspire & Innovative |
| IPO Open Date | 24 March 2024 |
| IPO Close Date | 28 March 2024 |
| Face Value | Rs.10 per share |
| Lot Size | 2000 Shares |
| Price Band | ₹51 to ₹54 per share |
| Issue Type | Book Built Issue IPO |
| Fresh Issue Size | 4,068,000 shares (aggregating up to ₹21.90 Cr) |
| Total Issue Size | 4,068,000 shares (aggregating up to ₹21.90Cr) |
| Share Holding Pre Issue | 11,110,000 |
| Share Holding Post Issue | 15,178,000 |
| Listing at | NSE SME |
| Listing Date | 3 April 2024 |
Aspire & Innovative IPO Timeline
Aspire & Innovative IPO issue opens on 26th march on closes on 28th March 2024. Here is the tentative timeline of Aspire Innovative Advertising Limited.
| Company Name | Aspire & Innovative | Mainboard IPO |
| IPO Open Date | Tuesday | 26 March 2024 |
| IPO Close Date | Thursday | 28 March 2024 |
| Cut Off Time UPI Payment | Tuesday | 5pm on 28 March 2024 |
| Basis of Allotment | Monday | 1 April 2024 |
| Refunds Initiation | Tuesday | 2 April 2024 |
| Shares Credit in Demat Acc. | Tuesday | 2 April 2024 |
| Listing Date | Wednesday | 3 April 2024 |
Aspire & Innovative IPO Reservations for Investors Category
For all IPO Investors Categories of Aspire & Innovative IPO reservations is announced such as for QIB(Qualified Institutional Bidders), HNI(High Net worth Individuals), Retail Investors and Anchor Investors Shares Offered
| Investor Category | Shares Offered |
|---|---|
| QIB Investors Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
IPO Lot Size : Aspire & Innovative IPO investor can apply for minimum of 70 shares per lot and in multiples thereof. Here below is given the tables of minimum and maximum investment in shares allotment or in terms of amount investment of each and every investor.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 lot | 2000 shares | ₹108,000 |
| Retail Maximum | 1 lot | 2000 shares | ₹108,000 |
| Small HNI Minimum | 2 lot | 4000 shares | ₹2,16,000 |
An Intro About Aspire & Innovative Advertising :
Aspire & Innovative Advertising Limited was established in 2017 and the company specializes in consumer durables such as Solar products, White goods, Kitchen and Household appliances, Cell phones and Accessories, and a lot more.
Despite only being founded in 2017, The company’s asset-light business model has costs associated with facilitation fees and commissions paid to middlemen. They assist clients in rural and semi-urban areas with marketing, interacting with field workers, gathering demand, and financial services.
Cookware, electronics, appliances, fans, irons, lamps, heaters, phones, TVs, washing machines, solar lanterns, and headphones are just a few of the more than fifty things that the company sells.
Aspire & Innovative IPO Objectives :-
The Issue’s Goals (Aspire & Innovative IPO Goals)
The following goals will be achieved by the company with the proceeds of the issue:-
- 1- To finance the General Corporate Purpose of developing new warehouses and to meet Working Capital requirements.
- 2- For the General Corporate Purpose of funding the establishment of additional warehouses and to satisfy Working Capital requirements.
- 3- General & Corporate Purpose.
How to apply for Aspire & Innovative IPO Subscription ?
There are some simple steps to follow
- First go to your brokers website and login there
- 2nd after login see the IPO section and click there
- 3rd click the Aspire & Innovative IPO Service Bid button here
- 4th enter and confirm your UPI id here, Fill quantity and price than submit this application form.
- 5th Now visit your UPI app page and approve the amount transaction.
- 6th Now Finally IPO Bidding process is completed. Now you have subscribed for this IPO application.
Aspire Innovative Advertising IPO FAQs – Frequently Asked Question ?
What is Aspire Innovative Advertising IPO IPO? Its a SME IPO, a fresh issue IPO of Rs.21.90 Crore
When Aspire Innovative Advertising IPO Will Open? Aspire Innovative Advertising IPO Bid Will Open on 24 march and closes on 28th March 2024.
What is the Lot Size of Aspire Innovative Advertising IPO ? Aspire Innovative Advertising IPO Lot size is 2000 Shares per lot.
When is the allotment date of Aspire Innovative Advertising IPO? The allotment date is 1 april and on 2 April shares will be credited in Demat account.
What is the Listing Aspire Innovative Advertising IPO? 3 April 2024 is the listing date of Aspire Innovative Advertising IPO