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Aspire & Innovative Advertising IPO
Aspire & Innovative Advertising Limited
₹1,02,000 /2000 sharesMinimum Investment
Aspire & Innovative Advertising IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 26 Mar ‘24 - 28 Mar ‘24 | ₹1,02,000 | 2,000 | ₹51 - ₹54 |
| Issue Size | IPO Doc |
|---|---|
| 21.97Cr | RHP PDF |
About Aspire & Innovative Advertising
Founded in
2017
Managing director
Mr. Nitesh Agarwalla
Parent organisation
Aspire & Innovative Advertising Limited
Strengths & Financials of Aspire & Innovative Advertising
Strengths
Risks
The company offers its services across various locations in India. For the periods ending September 30, 2023, March 31, 2023, March 31, 2022, and March 31, 2021, it derived approximately 87.80%, 91.70%, 89.49%, and 87.04% of its total revenue from sales in the top 10 geographical regions in India, respectively. These include Uttar Pradesh, Bihar, Odisha, West Bengal, Madhya Pradesh, Jharkhand, Karnataka, Rajasthan, Punjab and Assam.
The company deals in various products for reputed brands like Bajaj, Prestige, Vivo, Samsung, Crompton, Whirlpool, Hindware, Havells, etc.
The company has a network of warehousing and transportation facilities across many states in India. It has warehousing and transportation agreements with 28 agents for the products to be stored and delivered to customer's doorsteps.
The company reported revenue from operations of Rs. 108.12 cr, Rs. 255.38 cr and Rs. 345.72 cr in FY 2021, 2022 and 2023 respectively. For the same time periods, it reported Profit after tax of Rs. 2.28 cr, Rs. 4.37 cr and Rs. 5.31 cr respectively.
The company relies on third-party vendors for trading and the supply of all its products. It may not have long-term contracts or exclusive supply agreements with these vendors. Any delays or failures in product delivery from these vendors could negatively impact the company's business, profitability, and reputation.
The company is majorly dependent on TTK Prestige Limited and Bajaj Electricals Limited for its purchases. These accounted for 53.62%, 54.33%, 66.05%, and 55.84% of total revenue from the sale of goods for the period ending September 30, 2023, and fiscal years ending 2023, 2022, and 2021, respectively.
The company heavily relies on key intermediaries like NBFCs and NBFC-MFIs for selling its products to customers and generating a substantial portion of its revenues. Any loss of relationship with these intermediaries may significantly impact the company's profitability and operational results.
A significant portion of the company's revenue comes from its top five products, which contributed 74.66%, 72.68%, 77.42%, and 82.31% to its total revenue in the six-month period ending September 30, 2023, and fiscal years ending March 2023, 2022, and 2021, respectively.
Inventories and trade receivables are significant components of the company's current assets. Mismanagement of these assets could adversely affect its business. In the six-month period ending September 30, 2023, Fiscal 2023, Fiscal 2022, and 2021, inventory represented 27.42%, 48.14%, 55.63%, and 38.75% of total current assets, respectively.
As of September 30, 2023, the company’s contingent liability amounted to Rs. 4 cr. If this contingent liability materializes, fully or partly, the company’s financial condition could be affected.
As on September 30, 2023, the company’s total outstanding indebtedness was Rs. 11.61 cr. Also as of the same time period, it had borrowed unsecured loans amounting to Rs. 7.31 cr.
Aspire & Innovative Advertising Financials
*All values are in Rs. Cr
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Application Details of Aspire & Innovative Advertising IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹51 - 54 | ₹2 - 5 Lakh |
| High Networth Individual | ₹51 - 54 | ₹2 - 5 Lakh |
For Aspire & Innovative Advertising IPO, eligible investors can apply as Regular.