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Aspire & Innovative Advertising Limited IPO: Revolutionizing Consumer Durables Market

Welcome to the latest buzz in the financial world – the Aspire & Innovative Advertising Limited IPO! Scheduled from March 26, 2024, to March 28, 2024, this IPO promises to reshape the landscape of the consumer durables market. Here's a comprehensive guide to help you navigate through this exciting investment opportunity.
IPO Details:
Aspire & Innovative IPO is a book-built issue of Rs 21.97 crores, comprising entirely of fresh shares totaling 40.68 lakh. The IPO opens for subscription on March 26, 2024, and closes on March 28, 2024. The allotment process is set to be finalized on April 1, 2024, with the listing date anticipated on April 3, 2024, on NSE SME.

Price Band and Lot Size:
The IPO price band is between ₹51 to ₹54 per share, with a minimum lot size of 2000 shares. Retail investors can start with a minimum investment of ₹108,000, while HNIs need to bid for a minimum of 2 lots, amounting to ₹216,000.

Book Running Lead Manager and Registrar:
Hem Securities Limited serves as the book running lead manager for the IPO, with Bigshare Services Pvt Ltd acting as the registrar.

Reservation and Timeline:
The IPO offers shares to various investor categories, including QIBs, retail investors, and NIIs (HNIs). The tentative timeline spans from the IPO opening on March 26, 2024, to the listing date on April 3, 2024.

Company Overview:
Established in 2017, Aspire & Innovative Advertising Limited specializes in consumer durables, ranging from kitchen appliances to mobile phones and solar products. With a focus on rural and semi-urban markets, the company provides a diverse range of products from renowned brands such as Bajaj, Vivo, Samsung, and more.

Financial Performance:
Aspire & Innovative Advertising Limited has witnessed substantial growth in revenue and profit after tax (PAT) over the years. Between March 31, 2022, and March 31, 2023, revenue surged by 35.46%, and PAT increased by 21.38%.

Key Performance Indicators:
Key indicators such as Return on Equity (ROE), Return on Capital Employed (ROCE), and Profit After Tax (PAT) margin reflect the company's robust financial health and market position.

Peer Comparison:
Pre and post-IPO comparisons reveal promising earnings per share (EPS) and price-to-earnings (P/E) ratios, indicating favorable investor sentiment and potential for growth.
Conclusion:
Aspire & Innovative Advertising Limited IPO presents a unique opportunity for investors to tap into the thriving consumer durables market. With a strong financial track record and a diverse product portfolio, the company is poised for exponential growth. Don't miss out on this chance to be part of the Aspire & Innovative journey – subscribe to the IPO today!
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