IPO Synopsis
Aspire & Innovative Advertising Ltd
Initial public offer of 40,68,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Aspire & Innovative Advertising Limited ("The Company" or "The Issuer") at an issue price of Rs. 54 per equity share (including share premium of Rs. 44per equity share) for cash, aggregating up to Rs. 21.97 crores ("Public Issue") out of which 2,04,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 54 per equity share for cash, aggregating Rs. 1.10 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 38,64,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 54 per equity share for cash, aggregating upto Rs. 20.87 crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 26.80% and 25.46% respectively of the post-issue paid-up equity share capital of the company.
Issue
Opens On Closes On
26-Mar-24 28-Mar-24
Money Payable On
Application Allotment
54.00 0.00
Minimum Application for shares in Nos : 2000 Further Multiples of : 2000
Cr Lead Managers to the Issue
Project Cost (.Cr) 19.42 Hem Securities Ltd
Project Financed through Current Offer (.Cr) 21.97  
Post Issue Equity Share Capital (.Cr) 15.18
Issue Price () 54.00
Projects
To meet working capital requirements
To finance the cost of establishing new warehouses
General corporate purposes
Promoted By
Nitesh Agarwalla
Rinku Agarwalla
Listing At
NSE - SME
Registrar to the Issue
No Data Available

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