| IPO date | 26 Mar 2024 – 28 Mar 2024 |
| Listing date | 03 Apr 2024 |
| Price range | 51 – 54 |
| Minimum order quantity | 2000 | (D)RHP | View |
Aspire & Innovative Advertising Limited is launching its IPO. The offer opens for subscription on March 26, 2024, and closes on March 28, 2024.
Disclaimer: This stock will trade with a lot size of 2000 shares in the SME segment on listing.
What does Aspire & Innovative Advertising Limited do?
Aspire & Innovative Advertising Limited engages in trading a wide range of consumer durables, including kitchen appliances, home appliances, mobile phones, and solar products, from various renowned brands. They focus on serving rural and semi-urban areas in India, offering products at different price points. Started in 2017, the company aims to provide advanced products to these areas, facilitated by partnerships with NBFCs, MFIs, and intermediaries for marketing and distribution. They operate on an asset-light model, with expenditure primarily on facilitation fees and commissions to intermediaries. Their product portfolio includes over 50 items, including their own branded products introduced in 2022 and 2023. Nitesh Agarwalla, the founder and promoter, has significant experience in sales and marketing, particularly in rural and semi-urban areas, contributing to the company’s growth and expansion.
Schedule/Timeline of Aspire & Innovative Advertising Limited IPO
| Issue Period | 26th March to 28th March 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | April 01, 2024 |
| Initiation of Refunds | April 02, 2024 |
| Credit of Shares | April 02, 2024 |
| Date of Listing | April 03, 2024 |
| Mandate end date | April 12, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | May 01, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | June 30, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How to apply to the Aspire & Innovative Advertising Limited IPO?
You can apply for the Aspire & Innovative Advertising Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for the Aspire & Innovative Advertising Limited IPO?
You can check the allotment status for the Aspire & Innovative Advertising Limited IPO on the website of the Registrar and Transfer agent.