Aspire & Innovative Advertising Limited
ListedSMEEmerging SME Services · NSE
Aspire & Innovative Advertising Limited, established in 2017, has positioned itself as a key player in the consumer durables market, offering a wide array of products, including kitchen and home appliances, white goods, mobile phones, accessories, and solar products. Partnering with leading brands such as Bajaj, Prestige, Vivo, and Samsung, the company operates under an asset-light model, focusing on facilitation fees and commissions while providing marketing, field staff interaction, demand collation, and financial services to rural and semi-urban consumers. With a product portfolio exceeding 50 items and commercial arrangements with over 15 intermediaries, the company ensures seamless distribution through 19 warehouses spanning 16 states. Backed by a dedicated workforce of 49 full-time employees as of November 30, 2023, Aspire & Innovative Advertising Limited remains committed to expanding its market presence and delivering value-driven solutions to its customers.
Price Band
₹51 – ₹54
Issue Size
₹21.97 Cr
Lot Size
2000 shares
GMP
₹4
+7.4%
Est. Listing
₹58
at current GMP
Subscribed
15.25x
overall
Open
26 Mar 2024
Close
28 Mar 2024
Allotment
1 Apr 2024
Refund
2 Apr 2024
Demat Credit
3 Apr 2024
Listing
3 Apr 2024
Last updated 12 days ago
Official Registrar Verification
Aspire & Innovative Advertising Limited Allotment Status
Designated Registrar: Bigshare Services Private Limited
Allotment Date
1 Apr 2024
Basis finalization
Refunds Initiate
2 Apr 2024
Mandate release
Demat Credit
3 Apr 2024
Shares in demat
Listing Debut
3 Apr 2024
Trading begins
How to Check Aspire & Innovative Advertising Limited IPO Allotment Status
- Click the Check on Registrar button above to visit Bigshare Services Private Limited's allotment portal.
- Select Aspire & Innovative Advertising Limited from the dropdown company list.
- Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
- Enter your details accurately and solve the Captcha code.
- Click Submit / Search to view the number of shares applied and allotted to you.
About Aspire & Innovative Advertising Limited Public Issue & Market Profile
Aspire & Innovative Advertising Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹21.97 Crores. The shares are offered at a price band of ₹51 to ₹54 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Public Issue & Allotment Procedure:
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 2000 shares (approx. ₹1,08,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Official Allotment Timelines & Registrar Guidance:
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-04-03, while un-allotted funds or UPI block mandates will be released on 2024-04-02.
Frequently Asked Questions
What if my name is not showing on the registrar portal?
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
How will I receive the refund if I don't get allotment?
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.