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Aspire & Innovative Advertising IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in New Delhi and caters to Electric Equipments sector. Hem Securities is the merchant banker of Aspire & Innovative Advertising IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 29th December 2023.
Aspire & Innovative Advertising IPO open date is 26th March 2024 and close date is 28th March 2024. IPO Allotment Date is 1st April 2024 and Listing date is 3rd April 2024.Aspire & Innovative Advertising IPO size is Rs 21.97 Cr. crores with IPO price of Rs 54.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Hem Securities Limited is the book-running lead manager of the Aspire & Innovative Advertising IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Hem Finlease Private Limited for Aspire & Innovative Advertising IPO.
Aspire & Innovative Advertising IPO anchor investors are the below investors. The number of anchor investors in this IPO is 5.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in Rs.) | Amount Invested (in Rs.) |
|---|---|---|---|
| Rajasthan Global Securities | 236,000.00 | ₹54.00 | ₹12,744,000.00 |
| Nav Capital Vcc | 236,000.00 | ₹54.00 | ₹12,744,000.00 |
| Meru Investment Fund | 214,000.00 | ₹54.00 | ₹11,556,000.00 |
| India Max Investment | 234,000.00 | ₹54.00 | ₹12,636,000.00 |
| Moneywise Financial Services | 236,000.00 | ₹54.00 | ₹12,744,000.00 |
Aspire & Innovative Advertising IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Aspire & Innovative Advertising IPO, based in New Delhi, operates in the Electric Equipments sector with a focus on consumer durables, including kitchen appliances, home appliances. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. Aspire & Innovative Advertising IPO size is ₹ 21.97 Cr. Crores with fresh issue size of Rs 21.97 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Aspire & Innovative Advertising IPO is expected to be 1st April 2024, after the finalization of basis of allotment. Investors can check Aspire & Innovative Advertising IPO allotment status on the registrars website, Bigshare Services Private Limited. Aspire & Innovative Advertising IPO refund dates are 2nd April 2024.
Aspire & Innovative Advertising IPO is expected to be listed on 3rd April 2024.
The upper price band for the Aspire & Innovative Advertising IPO is set at ₹ 54.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Aspire & Innovative Advertising IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Aspire & Innovative Advertising IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 28th March 2024. After submission, funds are blocked until the basis of allotment of Aspire & Innovative Advertising IPO is finalised.
The merchant banker for Aspire & Innovative Advertising IPO is Hem Securities Limited . Hem Securities Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Aspire & Innovative Advertising IPO RHP for further details.
The registrar for Aspire & Innovative Advertising IPO is Bigshare Services Private Limited. Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Aspire & Innovative Advertising IPO through their official website or helpline.
Aspire & Innovative Advertising IPO was subscribed 15.17 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 21.97 Cr.
Avg IPO Size (Sector Based)
:
₹ 34.18 Cr.
Sector: Electric Equipments
SME IPO so far:
39
Merchant Banker:
Hem Securities
SME IPO by BRLM so far:
47
City:
New Delhi
SME IPO so far:
152
Revenue (annualised):
₹ 353.16 cr.
PE
Ratio:
10.42x
Average Sector PE Ratio: 18.31x
Aspire & Innovative Advertising IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Aspire & Innovative Advertising Financial Review Page
Merchant Banker(s) of Aspire & Innovative Advertising IPO: Hem Securities Limited
Aspire & Innovative Advertising IPO subscription was 15.17 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Aspire & Innovative Advertising IPO listed at a listing price of 59.30 against the offer price of 54.00.
The current market price of Aspire & Innovative Advertising is 28.30.
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