
Emerging 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
+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: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹54
Band: ₹51 – ₹54
Estimated Listing Price
₹58
Upper price + GMP
Lot Size
2000 shares
Min investment ₹1,08,000
Estimated Profit / Lot
₹8,000
2000 × ₹4
Grey Market Premium trend
+₹4
▲ 0 today
Updated 1 minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹4 | 7.4% | ₹58 |
| 30 Oct 2026 | +₹4 | 7.4% | ₹58 |
| 29 Oct 2026 | +₹4 | 6.7% | ₹58 |
GMP is unofficial market data. Not a guarantee of listing performance.
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.
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.
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.
The latest grey market premium for Aspire & Innovative Advertising Limited IPO is ₹4, which indicates an expected listing price of ₹58.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.