Aspire & Innovative IPO Subscription Status, Rate

Aspire & Innovative IPO Subscription Status, Rate

Aspire & Innovative IPO is Open on March 26, 2024 and Close on March 28, 2024. Aspire & Innovative IPO to Raise Fund Approx 4,068,000 Shares (Approx ₹21.97 Cr) via IPO. The Fresh Issue of 4,068,000 Shares (Approx ₹21.97 Cr).

  • The Retail Quota is 35%
  • QIB is 50%
  • NII is 15%.

Aspire & Innovative IPO is an SME IPO and Listed on NSE SME. Aspire & Innovative Price Band is Fixed at ₹51 to ₹54 per ₹10 Equity Share. Aspire & Innovative IPO Lot Size is 2000 Shares.

About Aspire & Innovative :

Aspire & Innovative is engaged in the business of trading of wide range of consumer durables like kitchen appliances, home appliances, white goods, mobile phones and its accessories, solar products etc. of multiple renowned brands such as Bajaj, Prestige, Vivo, Samsung, Crompton, Whirlpool, Hindware, Havells and many more. Our range of products are offered at different price points to meet diverse customer requirements across India along with delivery of products mainly in the rural and semi urban areas. We provide one platform that bring multiple brands under one umbrella so as to fulfil the requirements of the customer thus, improving their lifestyles.

Aspire & Innovative products portfolio comprises of more than 50 products such as pressure cookers, induction cooktops, mixer-grinder, Dinner Sets, sewing machine, ceiling fan, iron, inverter bulbs, electric heaters, mobile phones, television, fridge, washing machine, headphones, solar lanterns etc.

In addition to offering third-party brands, we started selling Stainless Steel Dinner Sets under our own brand name in 2022. Furthermore, in 2023, we expanded our product range to include pressure cookers, also, branded under our name i.e. “Aspire Classico”. These products are sourced or manufactured by third parties according to the specifications developed by us. For the period ending September 30, 2023 and F.Y ending March 31, 2023 our total turnover from sale of products under our own brand was Rs. 1838.45 lakhs and 1636.85 lakhs
respectively, which constituted 10.82% and 5.21% of total revenue from trading business respectively.

Aspire & Innovative IPO Subscription Status day-by-day-

Categories 26 Mar 27 Mar 28 Mar
QIB 2.91 2.92 0.00
NII 0.70 1.38 0.00
RII 2.57 6.00 0.00
Total 2.26 4.13 0.00

Aspire & Innovative IPO Investor Categories

  • Qualified Institutional Buyers (QIB).
  • Non- Institutional Investors (NII).
  • Retail individual Investors (RII).
  • Employee (EMP).
  • Others (Eligible Shareholders).

Who Is QIB In IPO?

QIB Stands For “Qualified Institutional Buyer” In The Context Of An IPO (Initial Public Offering). QIBs Are A Category Of Institutional Investors Who Are Considered Financially Sophisticated And Meet Certain Regulatory Criteria For Participating In Capital Markets. In The Context Of An IPO, QIBs Play A Significant Role As They Contribute To The Overall Demand For Shares And Help Determine The Success Of The Offering.

Who Is NII In IPO?

NII Stands For “Non-Institutional Investors” In The Context Of An IPO (Initial Public Offering). Non-Institutional Investors Are A Category Of Investors Who Participate In The IPO Alongside Institutional Investors And Retail Investors. NII Typically Includes High Net Worth Individuals (HNIs), Corporate Bodies, Trusts, And Other Entities That Are Not Classified As Institutional Investors But Have The Financial Capacity To Invest Significant Amounts In The IPO.

Who Is RII In IPO?

RII Stands For “Retail Individual Investor” In The Context Of An IPO (Initial Public Offering). Retail Individual Investors Are Individual Investors Who Participate In The IPO Alongside Institutional Investors And Non-Institutional Investors. RII Typically Includes Individual Investors Who Do Not Meet The Criteria To Be Classified As Institutional Investors Or Non-Institutional Investors.

Who Is EMP In IPO?

“EMP” In The Context Of An IPO (Initial Public Offering) Typically Stands For “Employee.” In Some IPOs, A Certain Portion Of The Shares May Be Reserved For Allocation To Employees Of The Company Going Public. These Employees Are Often Referred To As “Employee Shareholders” Or “Employee Participants” (EMP).

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