Aspire and Innovative Advertising IPO: Check issue size, price band, GMP and other details

The SME IPO of Aspire & Innovative Advertising opened for subscription earlier today and will close on March 28. The company aims to raise about Rs 22 crore through the SME IPO and list the shares on the NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.

1) About Aspire and Innovative Advertising
The company is engaged in the business of trading a wide range of consumer durables like kitchen appliances, home appliances, white goods, mobile phones and their accessories, solar products etc.


2) Industry Overview
India's consumer electronics and appliances industry is predicted to be the fifth-largest in the world by 2025. The appliances and consumer electronics market is expected to nearly double in the next 3 years, reaching approximately $17.93 billion by 2025.

3) Aspire and Innovative Advertising IPO size
The IPO is entirely a fresh equity issue of 40.68 lakh shares and through the issue, the company aims to raise around Rs 22 crore.

4) Aspire and Innovative Advertising IPO price band
The company is offering its shares at Rs 51-54 apiece, and investors can bid for 2000 shares in 1 lot.

5) Aspire and Innovative Advertising IPO financial performance
For the six months ended September 2023, the company recorded revenues of Rs 177 crore and net profit of nearly Rs 4 crore.

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6) Objects of the offer
The net proceeds from the public offer will be used for working capital requirements, financing the cost of establishing new warehouses as well as general corporate purposes.

7) Lead managers and Registrar
Hem Securities is acting as the lead manager to the issue and Bigshare Services is the registrar.

8) Issue structure
About 50% of the offer is reserved for QIB investors, 35% for retail investors and the rest 15% for other investors.

9) Important dates
The IPO opened on March 26 and will close on March 28. The final allotment will likely be made on April 1. The company's shares will likely get listed on April 3.

10) Aspire and Innovative Advertising GMP
The company's shares have no GMP in the unlisted market.