- POSITIVE
Annual Revenue Aspire & Innovative Mar-2026 Annual Revenue is Rs 179 Cr which is growth of 5.5% YoY.
- NEGATIVE
Annual Net Profit Aspire & Innovative Mar-2026 Annual Net Profit is Rs 3 Cr which is growth of -34.1% YoY.
Aspire & Innovative Advertising was incorporated on July 31, 2017. The company is engaged in the trading of a wide range of consumer durables, including kitchen appliances, home appliances, white goods, mobile phones, and accessories, as well as solar products. These products come from multiple renowned brands such as Bajaj, Prestige, Vivo, Samsung, Crompton, Whirlpool, Hindware, Havells, and many more. The company offers its range of products at different price points to meet diverse customer requirements across India, with a focus on delivering products primarily in rural and semi-urban areas.
| Bidding Dates |
|---|
| 26 Mar 2024 - 28 Mar 2024 |
| Subscription |
|---|
| 14.18x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹102,000 | 1 | 1 | 2000 | 4.1 M | ₹51 - ₹54 | 72.35 % | ₹207.5 M - ₹219.7 M | RHP DOC |
Aspire & Innovative IPO SUBSCRIPTION STATUS
28 Mar '24Total14.18x
Retail Individual Investor21.78x
HNI (NII) Investors34.46x
Qualified Institutional Buyers2.77x
Aspire & Innovative IPO overall subscription rate was 14.18 times the total available shares
Aspire & Innovative IPO retail subscription rate was 21.78 times in the retail segment
Aspire & Innovative IPO non-institutional investor subscription rate was 34.46 times in the non-institutional investor category
Aspire & Innovative IPO Qualified Institutional Bidder subscription rate was 2.77 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
28 Mar 2024 (Day 3) | 21.78x | 34.46x | 2.77x |
27 Mar 2024 (Day 2) | 7.87x | 2.28x | 1.55x |
26 Mar 2024 (Day 1) | 3.29x | 0.92x | 1.55x |
Aspire & Innovative FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY24 | 39.3 | 1,765.8 | -17.3 | -18.3 | 3.0% |
| FY23 | 53.1 | 3,457.2 | -130.5 | -130.7 | 2.1% |
| FY22 | 43.7 | 2,553.8 | 68.1 | 62.7 | 2.5% |
| FY21 | 22.8 | 1,081.2 | -29.4 | -35.3 | 3.0% |
Aspire & Innovative IPO SUBSCRIPTION STATUS DETAILS
Aspire & Innovative had 4.1 M shares on offer
Aspire & Innovative IPO offer price was in the range ₹51 - ₹54
Aspire & Innovative IPO minimum Investment was ₹102000
Aspire & Innovative IPO issue size was ₹ 207.5 M - ₹ 219.7 M
Aspire & Innovative had a minimum lot size of 2000 Shares per application
Aspire & Innovative NUMBER OF SHARES ON OFFER
Total4.1 M
Fresh Issue4.1 M
Offer for Sale0
Post Issue Promoter Holding %72.35 %
Aspire & Innovative IPO IMPORTANT DATES
| Issue Open Date | 26 Mar 2024 |
| Issue close Date | 28 Mar 2024 |
| Allotment Date | 01 Apr 2024 |
| Refund Date | 02 Apr 2024 |
| Demat Account Credit Date | 02 Apr 2024 |
| Listing Date | 03 Apr 2024 |
| Listing on Exchange(s) | NSE |
| Aspire & Innovative Allotment Status | Exchange |
Aspire & Innovative IPO subscription opened on 26 Mar 2024, and closed on 28 Mar 2024
IPO allotment for Aspire & Innovative was finalized on Monday, 01 Apr 2024
IPO listing for Aspire & Innovative was on NSE on Wednesday, 03 Apr 2024
Aspire & Innovative IPO LISTING GAINS
| Issue Price (adjusted) | 54.0 |
| Listing Open Price | 56.5 |
| Listing Close Price | 59.3 |
| Listing Gain% | 4.6% |
| Current Gain% | -71.8% |
Aspire & Innovative Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aspire & Innovative Advertising Ltd. | 15.2 | 23.1 | 9 | -0.3 | 0.1 | 4.9 | 2.7 | 179.3 | 5.5 | 2.6 | -34.1 | 1.7 | -34.1 |
| Crompton Greaves Consumer Electricals Ltd. | 211.4 | 13611.1 | -77.4 | 0.6 | 1.6 | -8.2 | -4 | 8161.2 | 2.9 | -242.2 | -143.6 | -2.7 | -137.2 |
| V-Guard Industries Ltd. | 304.5 | 13309 | 32.4 | 0.8 | 2 | 13 | 8.3 | 5989.3 | 7 | 308.3 | -1.7 | 9.4 | 41.5 |
| TTK Prestige Ltd. | 565 | 7738.6 | 35.6 | 0.4 | 2.4 | 8.1 | 5.9 | 3040.9 | 9 | 160.6 | 42.8 | 15.9 | 100.3 |
| IFB Industries Ltd. | 1127.1 | 4566.9 | 30.9 | 1.9 | 0.8 | 14.4 | 5.8 | 5652.6 | 10.3 | 143.6 | 20.7 | 36.5 | 16.6 |
| Bajaj Electricals Ltd. | 281.6 | 3250.9 | -119.7 | 0.9 | 0.7 | -5.7 | -2.1 | 4524.3 | -7.3 | -90.9 | -168.1 | -2.4 | -126.3 |
Annual
Balance Sheet
Ratios
Cash Flow
Aspire & Innovative annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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| Indicator | Graph | CAGR 3 Yrs | CAGR 5 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 | Mar '21 |
|---|---|---|---|---|---|---|---|---|---|
-19.7% | 10.6% | 179.3 | 170 | 385.1 | 346.2 | 255.6 | 108.3 | ||
Operating Exp. Ann. | -19.8% | 10.7% | 174.4 | 163.8 | 371.2 | 338.4 | 248.9 | 104.9 | |
Operating Profit Ann. | -37.3% | -10.9% | 1.8 | 3.1 | 12.8 | 7.3 | 6.5 | 3.2 | |
OPM Ann. % | -21.3% | -19% | 1.03% | 1.84% | 3.32% | 2.11% | 2.52% | 2.95% | |
-19.6% | 10.8% | 175.9 | 164.9 | 372.4 | 339 | 249.5 | 105.1 | ||
EBITDA Ann. | -14.4% | 7.6% | 4.9 | 6.2 | 13.9 | 7.8 | 6.7 | 3.4 | |
EBITDA Ann. margin % | 6.8% | -2.7% | 2.74% | 3.63% | 3.60% | 2.25% | 2.60% | 3.14% | |
Interest Ann. | 49.4% | - | 1 | 0.6 | 0.9 | 0.3 | 0.1 | 0 | |
Depr. | 18.6% | 20.1% | 0.5 | 0.5 | 0.3 | 0.3 | 0.4 | 0.2 | |
PBT Ann. | -22.1% | 1.2% | 3.4 | 5.1 | 12.7 | 7.2 | 6.1 | 3.2 | |
Tax Ann. | -22% | 0% | 0.9 | 1.2 | 3.4 | 1.9 | 1.8 | 0.9 | |
-21.1% | 2.5% | 2.6 | 3.9 | 9.3 | 5.3 | 4.4 | 2.3 | ||
Net Profit Ann. | -21.1% | 2.5% | 2.6 | 3.9 | 9.3 | 5.3 | 4.4 | 2.3 | |
NPM Ann. % | -1.8% | -7.1% | 1.45% | 2.32% | 2.42% | 1.53% | 1.71% | 2.10% | |
EPS Adj. latest Ann. | -21.4% | 2.5% | 1.7 | 2.6 | 6.1 | 3.5 | 2.9 | 1.5 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
5.5%
2Y CAGR
-31.8%
3Y CAGR
-19.7%
5Y CAGR
10.6%
Total Revenue Annual growth is stable compared to historical averages.
Net Profit Ann.
1Y CHG
-33.3%
2Y CAGR
-47.1%
3Y CAGR
-21.1%
5Y CAGR
2.5%
Net Profit Annual is falling faster than historical averages.
Operating Exp. Ann.
1Y CHG
6.5%
2Y CAGR
-31.5%
3Y CAGR
-19.8%
5Y CAGR
10.7%
Operating Expenses Annual Cr growth is stable compared to historical averages.
Aspire & Innovative INFORMATION ON IPO ISSUE
About Aspire & Innovative
Aspire & Innovative Advertising was incorporated on July 31, 2017. The company is engaged in the trading of a wide range of consumer durables, including kitchen appliances, home appliances, white goods, mobile phones, and accessories, as well as solar products. These products come from multiple renowned brands such as Bajaj, Prestige, Vivo, Samsung, Crompton, Whirlpool, Hindware, Havells, and many more. The company offers its range of products at different price points to meet diverse customer requirements across India, with a focus on delivering products primarily in rural and semi-urban areas.
Object of the Issue
- To meet working capital requirements
- To finance the cost of establishing new warehouses
- General corporate purpose
Aspire & Innovative - PROMOTERS
| Name |
|---|
| Nitesh Agarwalla |
| Rinku Agarwalla |
Aspire & Innovative Lead Manager of the Issue
Hem Securities Limited
ib@hemsecurities.com
Aspire & Innovative Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Aspire & Innovative Strengths
Strong portfolio
The company offers a diverse product portfolio across various segments of consumer durables, including kitchen appliances, home appliances, mobile devices and accessories, as well as solar products.
Strength
Diversified revenue
The company generates diversified revenue from multiple geographical locations across India, encompassing backward, rural, and semi-urban areas.
Strength
Client base
The company deals in products from renowned brands such as Bajaj, Prestige, Vivo, Samsung, Crompton, Whirlpool, Hindware, Havells, and many others. These brands are well-established and trusted in the Indian market.
Strength
Aspire & Innovative Risks
High inventories and trade receivables
Inventories and trade receivables constitute a significant portion of the company's current assets. Failure to effectively manage these assets could adversely impact its business
Risk
Negative cash flows
The company has experienced negative operating cash flows in the past. Any future operating losses or negative cash flows could potentially adversely affect its operational results and financial condition
Risk
Unsecured loans
The company has unsecured loans that are repayable on demand. Any request from lenders for repayment of such unsecured loans may negatively impact the company's cash flows
Risk
IPO FAQs
The promoters of the company are Nitesh Agarwalla and Rinku Agarwalla.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 51.0 - 54.0.
The IPO application opens on Mar 26, 2024 and closes on Mar 28, 2024.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 102,000.0, the maximum value for this IPO is Rs 108,000.0.
This IPO will be allotted on Apr 01, 2024.
The refund will be credited to your account on Apr 02, 2024.
The allotted shares will be credited to your demat on Apr 02, 2024.
Aspire & Innovative Advertising Ltd.’s shares listed on the stock exchanges on Apr 03, 2024.