ASPIRE & INNOVATIVE ADVERTISING (NSE SME)
Mar 26, 2024 - Mar 28, 2024
| Price | ₹51 - ₹54 |
| Premium | ₹4 |
|---|---|
| Lot size | 2000 |
| Allotment | Apr 1, 2024 |
| Listing | Apr 3, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 108000 | 677 |
| HNI | 2 | 4000 | 216000 | 290 |
Last updated on 28-Mar-2024 17:02:05
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 774000 | 4036000 | 5.21 |
| NIB | 580000 | 15054000 | 25.96 |
| RETAIL | 1354000 | 22198000 | 16.39 |
| Total | 2708000 | 41288000 | 15.25 |
| Retail Apps | 11099 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹1.88 | @8% ₹2.15 | @9% ₹2.42 | @10% ₹2.69 | @11% ₹2.96 | @12% ₹3.23 |
Anchor Details
| Name of Anchor | No. of Shares | % Portion | Amount (cr) |
|---|---|---|---|
| Moneywise Financial Service Private Limited | 236000 | 20.42% | 1.27 |
| Nav Capital Vcc- Nav Capital Emerging Star Fund | 236000 | 20.42% | 1.27 |
| Rajasthan Global Securities Pvt. Limited | 236000 | 20.42% | 1.27 |
| India Max Investment Fund Limited | 234000 | 20.24% | 1.26 |
| Meru Investment Fund PCC-Cell 1 | 214000 | 18.51% | 1.16 |
| Total | 1156000 | 100.00% | 6.24 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.28% | 1354000 |
| NII (HNI) | 14.26% | 580000 |
| Anchor | 28.42% | 1156000 |
| QIB | 19.03% | 774000 |
| Market Maker | 5.01% | 204000 |
| Total | 100.00% | 4068000 |
Established in 2017, Aspire & Innovative Advertising Limited is a leading player in the consumer durables market, offering a diverse range of products including kitchen appliances, home appliances, white goods, mobile phones, accessories, solar products, and more. Partnering with renowned brands such as Bajaj, Prestige, Vivo, Samsung, and many others, the company provides customers with access to high-quality products from trusted manufacturers. Operating under an asset-light model, Aspire & Innovative Advertising Limited incurs expenses for facilitation fees and commissions paid to intermediaries, while offering essential services such as marketing, field staff interaction, demand collation, and financial services to customers in rural and semi-urban communities. With a comprehensive product portfolio of over 50 items, including cookware, electronics, and appliances, the company caters to diverse consumer needs. Leveraging commercial arrangements with over 15 intermediaries and operating 19 warehouses across 16 states, Aspire & Innovative Advertising Limited continues to expand its market reach and deliver value to customers. As of November 30, 2023, the company employs 49 full-time employees, including managers, dedicated to ensuring customer satisfaction and driving business growth.
Aspire & Innovative IPO Details
| Issue Size | 4,068,000 shares (aggregating up to ₹21.97 Cr) |
| Fresh Issue | 4,068,000 shares (aggregating up to ₹21.97 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 11,110,000 |
| Share holding post issue | 15,178,000 |
| Market Maker portion | 204,000 shares Hem Finlease |
Key Performance Indicator
| KPI | Sep-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 22.50% | 41.29% | 56.75% |
| ROCE | 18.59% | 30.79% | 55.45% |
| RONW | 20.22% | 34.22% | 42.86% |
| D/E | 0.6 | 0.57 | 0.11 |
| EPS (basic & diluted) | 3.54 | 4.78 | 3.95 |
| P/BV | 3.09 | ||
| P/E (Pre IPO) | 11.3 |
Company Financials
Aspire & Innovative Advertising Limited Financial Information (Restated Standalone)
Aspire & Innovative Advertising Limited's revenue increased by 35.46% and profit after tax (PAT) rose by 21.38% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | 30 Sep 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Assets | 8,135.72 | 6,256.99 | 5,328.01 | 3,492.07 |
| Revenue | 17,710.29 | 34,620.10 | 25,558.30 | 10,833.44 |
| Profit | 393.28 | 530.85 | 437.36 | 227.75 |
| Net Worth | 1,944.53 | 1,551.25 | 1,020.39 | 520.98 |
| Reserves | 833.53 | 1,440.15 | 909.29 | 519.98 |
| Borrowing | 1,160.89 | 881.53 | 111.02 | 55.91 |
| Amount in ₹ Lakhs | ||||
Strength Factors
Strong Portfolio and Diverse Range of Products: With a portfolio encompassing over 50 products spanning kitchen appliances, electronics, and solar solutions, the company caters to a wide spectrum of consumer preferences. This diversity not only enhances its market reach but also mitigates risks associated with dependence on a single product category, fostering resilience and adaptability in dynamic market conditions.
Diversified Revenue Streams from Multiple Locations: The Company’s strategic focus on serving rural and semi-urban communities ensures diversified revenue streams, reducing dependency on urban markets. By tapping into these underserved segments, Aspire & Innovative Advertising Limited leverages untapped market potential, thereby enhancing revenue stability and growth prospects.
Robust Network of Warehousing and Transportation Facilities: With 19 warehouses strategically located across 16 states, the company establishes a robust infrastructure backbone for efficient distribution and logistics management. This extensive network not only ensures timely delivery but also enables the company to optimize inventory levels, minimize overhead costs, and respond swiftly to fluctuating demand patterns, enhancing operational efficiency and customer satisfaction.
Risk Factors
Dependency on Third-Party Suppliers: The Company relies heavily on third-party vendors for the procurement and supply of its products. Any delays or failures in product delivery from these vendors could disrupt operations, affect product availability, and damage the company's reputation, leading to potential revenue loss and decreased profitability.
Uncertainties in Transportation and Warehousing: As the company depends on third-party transportation and warehousing services for product distribution, it is exposed to various uncertainties and risks, including transportation delays, logistical challenges, and potential rejection of products by customers due to delivery delays or damages. it could adversely affect the company's operations and inventory management.
Market Acceptance of New Products and Technologies: Aspire & Innovative Advertising Limited's future growth relies on its ability to identify and introduce new products and technologies that resonate with customers and offer acceptable profit margins. However, market acceptance of these new offerings is uncertain, and failure to meet customer expectations or achieve profitable margins could hinder the company's growth prospects.
Aspire & Innovative IPO Lead Manager(s)
- Hem Securities Limited
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: investor@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html