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Aspire & Innovative IPO
Price Band
₹51.0–54.0
Issue Size
₹21.97 Cr
Lot Size
2,000 shares
Min Investment
₹108,000
GMP
+₹4.0 (7.41%)
Issue Price
₹54.0
Subject to Sauda
₹6100
Paid only if allotted
Aspire & Innovative IPO AI Summary
- Aspire & Innovative IPO is listed on NSE SME in the Household Appliances sector.
- Price band: ₹51.0–₹54.0 per share, lot size 2,000 shares (min. investment ₹108,000).
- Subscription window: 26 Mar–28 Mar 2024, listing on 03 Apr 2024.
- Current GMP is +₹4.0 (7.41%), an estimated listing price of ₹58 — unofficial and can change daily.
Aspire & Innovative Advertising Limited is set to launch an IPO with a price band of ₹51.0 to ₹54.0, aiming to raise approximately ₹21.97 Cr. The company focuses on consumer durables and has shown significant revenue growth in recent years. Investors should consider the associated risks and their investment profiles before participating.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Aspire & Innovative IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 28 Mar 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Aspire & Innovative IPO Grey Market Premium (GMP) Today
GMP
+₹4.0
GMP %
+7.41%
Est. Listing
₹58.0
Updated: 25 Jul 2026 14:06
About the Company
Founded in 2017, Aspire & Innovative Advertising Limited deals in consumer durables, including kitchen appliances, home appliances, white goods, mobile phones and accessories, solar products, and more. They deal in products from renowned brands such as Bajaj, Prestige, Vivo, Samsung, Crompton, Whirlpool, Hindware, Havells, and many others. The company's asset-light model incurs expenses for facilitation fees and commission paid to intermediaries. They provide services such as marketing, field staff interaction, demand collation, and financial services to customers in rural and semi-urban communities. The company offers 50+ products, including cookware, electronics, and appliances such as pressure cookers, induction cooktops, mixer-grinders, dinner sets, sewing machines, fans, irons, bulbs, heaters, phones, TVs, refrigerators, washing machines, headphones, and solar lanterns. The company has commercial arrangements with 15+ intermediaries and operates 19 warehouses in 16 states. As of November 30, 2023, the company has 49 full-time employees, including managers.
Company Financials (₹ Cr)
As of 2023-09-30
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 81.36 | 62.57 | 53.28 | 34.92 |
| Total Income | 177.10 | 346.20 | 255.58 | 108.33 |
| Profit After Tax | 3.93 | 5.31 | 4.37 | 2.28 |
| NET Worth | 19.45 | 15.51 | 10.20 | 5.21 |
| Reserves and Surplus | 8.34 | 14.40 | 9.09 | 5.20 |
| Total Borrowing | 11.61 | 8.82 | 1.11 | 0.56 |
Key Ratios
EPS
₹4.78
NAV
₹17.50
ROE
22.50%
ROCE
18.59%
RoNW
20.22%
P/B Value
3.09
P/E Ratio
11.3
Market Cap
₹81.96 Cr
PAT Margin
2.23%
Debt/Equity
0.60
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Aspire & Innovative Advertising Limited This IPO | 17.5 | 20.22% | 11.3 | 4.78 | 4.78 |
Promoters
Nitesh Agarwalla and Rinku Agarwalla
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 To meet Working Capital requirements 9.00 2 To finance the cost of establishing new warehouses 4.95 3 General Corporate Purpose 5.47
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹108.33 Cr in the year ending 31 Mar 2021, rising to ₹255.58 Cr by 31 Mar 2022, and further increasing to ₹346.20 Cr by 31 Mar 2023. However, the most recent figure of ₹177.10 Cr as of 30 Sep 2023 is for a 9-month period and not directly comparable to the full fiscal years.
Profit Trend
Profit after tax was ₹2.28 Cr in the year ending 31 Mar 2021, increasing to ₹4.37 Cr by 31 Mar 2022, and reaching ₹5.31 Cr by 31 Mar 2023. The latest figure of ₹3.93 Cr as of 30 Sep 2023 is also for a 9-month period, making it not directly comparable to the full fiscal years.
Valuation
Priced at a P/E ratio of 11.3, this IPO's implied P/E at the issue price is approximately 11.3 times trailing earnings, matching the peer group's P/E range.
Grey Market Premium, Explained
The grey market premium (GMP) indicates the expected listing price of an IPO based on unofficial trading. A positive GMP suggests that the IPO may list at a higher price than its issue price, while a negative GMP indicates the opposite. However, GMP is not always a reliable indicator of actual listing performance.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term investment horizon typically weigh IPOs like this against their overall investment strategy, financial goals, and risk tolerance. It is essential to consider the company's fundamentals and market conditions before making a decision.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid this IPO. Those looking for guaranteed returns or short-term gains might also find this offering unsuitable.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by market conditions, investor sentiment, and the overall demand for the IPO. While some investors may experience quick profits, others might face losses if the stock does not perform as expected on its debut.
This evaluation is generated from Aspire & Innovative's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Aspire & Innovative IPO GMP today?
Aspire & Innovative IPO GMP today is +₹4.0 (7.41%), indicating an estimated listing price of ₹58. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Aspire & Innovative IPO?
The price band of Aspire & Innovative IPO is ₹51.0–₹54.0 per share.
When does Aspire & Innovative IPO open and close?
Aspire & Innovative IPO opens on 26 March 2024 and closes on 28 March 2024.
When does Aspire & Innovative IPO list on the stock exchange?
Aspire & Innovative IPO listed on 03 April 2024 at ₹58.0.
What is the lot size for Aspire & Innovative IPO?
The lot size for Aspire & Innovative IPO is 2000 shares, requiring a minimum investment of ₹108,000.
What is the lot size for this IPO?
The lot size for Aspire & Innovative's IPO is 2000 shares.
What is the minimum investment required?
The minimum investment required for this IPO is ₹108,000.
What is the price band for the IPO?
The price band for the IPO is set between ₹51.0 and ₹54.0.
When is the listing date for this IPO?
The listing date for the IPO is scheduled for April 3, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
26 Mar 2024
Close
28 Mar 2024
Allotment
01 Apr 2024
Listing
03 Apr 2024
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