Aspire IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Aspire & Innovat

CMP

109.00

+0.70 (0.65%)

  • DRHP
₹54

Offer Price

₹ 21.97 Cr

Issue Size

₹ 1,08,000

Min Investment

2,000

Lot size

Time Line

  • 26
    Mar 2024
    Open
  • 28
    Mar 2024
    Close
  • 01
    Apr 2024
    Finalisation of Basis of Allotment
  • 02
    Apr 2024
    Initiation of Refunds
  • 02
    Apr 2024
    Transfer of Shares to Demat Account
  • 03
    Apr 2024
    Listing Date

Objects of the Offer

  • Continue to expand Warehousing and Transportation facilities.

  • Expand its domestic presence in existing and new markets.

  • Enhancing branding, promotional and marketing activities.

  • Continue to strengthen its existing product portfolio and diversify into new product lines.

Products & Services

  • The Company is engaged in the business of trading of wide range of consumer durables like kitchen appliances, home appliances, white goods, mobile phones and its accessories, solar products etc. of multiple renowned brands.

Strengths

  • Strong portfolio and diverse range of products across consumer preferences.

  • Diversified revenue from multiple locations including rural and semi urban geographies of India.

  • Quality Assurance ensuring standardized product quality.

  • Network of Warehousing and Transportation Facilities across various geographies.

Risks

  • The company is dependent upon third parties for trading and supply of all of the products the company sell, with whom its may not have long term contracts or exclusive supply arrangements. Any delay or failure on the part of such vendors to deliver products, may adversely affect its business, profitability and reputation.

  • Its historical performance is not indicative of the company`s future growth or financial results and its may not be able to sustain the company`s historical growth rates.

  • Its future growth is dependent upon the company`s ability to identify and maintain new products, technologies and customers that achieve market acceptance with acceptable margins.

  • The company does not own the registered office and corporate office from which its carry out the company`s business activities. In case of nonrenewal of rent agreements or dispute in relation to use of the said premise, its business and results of operations can be adversely affected.

  • Dependence upon third party for transportation and warehousing services for supply and transportation of its products are subject to various uncertainties and risks, and delays in delivery may result in rejection of products by customer. If warehousing lease agreements are not renewed/inadequately executed, its operations may be affected adversely.

Company Promoters

Promoters Holding

Issue For IPO
26.49%
Pre Holding

98.84%

Post Holding

72.35%

Top Promoters Holding

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2023 3-Yr trend
Revenue 108.12 (-) 255.38 (136.20%) 345.72 (35.40%)
Gross Profit 108.12 (-) 255.38 (136.20%) 345.72 (35.40%)
Net Income 108.12 (-) 255.38 (136.20%) 345.72 (35.40%)
Assets 108.12 (-) 255.38 (136.20%) 345.72 (35.40%)
Liabilities 108.12 (-) 255.38 (136.20%) 345.72 (35.40%)

Book Running Managers

  • Hem Securities Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

C-4 Baldev Park Shahdara,
East Delhi,
Delhi - 110051
Phone : +91 124 2213055 Email : cs@aspireinnovate.in www.aspireinnovate.in

Offer Related Information

Initial public offer of 40,68,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Aspire & Innovative Advertising Limited ("The Company" or "The Issuer") at an issue price of Rs. 54 per equity share (including share premium of Rs. 44per equity share) for cash, aggregating up to Rs. 21.97 crores ("Public Issue") out of which 2,04,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 54 per equity share for cash, aggregating Rs. 1.10 crores will be... More

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