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IPO

IPO Synopsis
Aspire & Innovative Advertising Ltd
Registered Office: C-4 Baldev Park Shahdara,East Delhi , Delhi - 110051 , Delhi , India.
Phone : +91 124 2213055   Fax:
Email :  cs@aspireinnovate.in  
Website :  www.aspireinnovate.in
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 reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 38,64,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 54 per equity share for cash, aggregating upto Rs. 20.87 crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 26.80% and 25.46% respectively of the post-issue paid-up equity share capital of the company.

Issue Money Payable On
Opens On Closes On Application Allotment
26-Mar-24 28-Mar-24 Rs54.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :2000  Further Multiples of :2000

  Rs Cr Lead Managers to the Issue
Project Cost 19.42
Hem Securities Ltd
Project Financed through Current Offer 21.97  
Post Issue Equity Share Capital 15.18  
Issue Price Rs54.00  
 
Projects
To meet working capital requirementsGeneral corporate purposes
To finance the cost of establishing new warehouses
Promoted By
Nitesh Agarwalla
Rinku Agarwalla
Listing At
NSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd