Aspire & Innovative IPO GMP Today: Last Day To Apply! Check Subscription Status, Allotment Date And Other Details (image source: Canva)
Aspire & Innovative IPO GMP Today: The initial public offering (IPO) Aspire & Innovative opened its subscription window on March 26. The IPO is scheduled to close its subscription window on March 26, 2024. For interested investors today is the last day to apply. Check the latest GMP, subscription status, allotment date and other details.
Aspire & Innovative IPO GMP: Check Latest GMP
According to multiple unlisted market tracking websites. The grey market price (GMP) of Aspire & Innovative is priced at Rs 10 per share.
Aspire & Innovative IPO Subscription Status
The Aspire & Innovative IPO has garnered a subscription of 5.40 times. Notably, in the retail category, the public issue witnessed a subscription of 8.30 times, while in the QIB category, it was subscribed 2.92 times. In the NII category, the subscription stood at 1.93 times as of March 28, 2024, at 11:54:27 AM.
Aspire & Innovative IPO Issue Size
Aspire & Innovative IPO, a book-built issue valued at Rs 21.97 crores, comprises an entirely fresh issuance of 40.68 lakh shares.
Aspire & Innovative IPO Subscription Window Opening Date
The Aspire & Innovative IPO opened for subscription on March 26, 2024, and closed on March 28, 2024.
Aspire & Innovative IPO Price Band
Aspire & Innovative IPO price band ranges from Rs 51 to Rs 54 per share.
Aspire & Innovative IPO Lot Size And Minimum Investment
Aspire & Innovative IPO requires a minimum lot size of 2000 shares for application, with a corresponding investment of Rs 1,08,000 for retail investors. High Net Worth Individuals (HNIs) need to invest in at least 2 lots, equivalent to 4,000 shares, amounting to Rs 2,16,000.
Aspire & Innovative IPO Allotment Date
Aspire & Innovative IPO allotment is expected to be finalised on Monday, April 1, 2024,
Aspire & Innovative IPO Listing Date
Aspire & Innovative IPO is scheduled to list on the NSE SME platform tentatively scheduled for Wednesday, April 3, 2024.
Aspire & Innovative IPO Registrar And Book Running Lead Manager
Hem Securities Limited serves as the book-running lead manager for the Aspire & Innovative IPO, while Bigshare Services Pvt Ltd is appointed as the registrar for the issue. Hem Finlease is designated as the market maker for the IPO.
About Aspire & Innovative Advertising Limited
Aspire & Innovative Advertising was founded in 2017, the company specializes in consumer durables, spanning various products ranging from kitchen appliances to mobile phones and accessories, sourced from renowned brands like Bajaj, Prestige, Vivo, Samsung, and more. Their asset-light business model involves expenses for facilitation fees and commissions paid to intermediaries, enabling them to provide marketing, field staff interaction, demand collation, and financial services to customers in rural and semi-urban areas.
The company boasts a diverse product portfolio comprising over 50 items, 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. With commercial agreements in place with more than 15 intermediaries, Aspire & Innovative operates 19 warehouses spread across 16 states, ensuring efficient distribution and accessibility of their products.
