Aspire & Innovative Advertising Ltd
Registered Office:
C-4 Baldev Park Shahdara,East Delhi,
Delhi
-
110051,
Phone : +91 124 2213055
Fax : NA
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.
Opens On
Closes On
Application
Allotment
26-Mar-24
28-Mar-24
54.00-0.00
0.00-0.00
Minimum Application for shares in Nos :
2000
Further Multiples of :
2000
(Rs.Cr)
Lead Managers to the Issue
Project Cost
19.42
Hem Securities Ltd
Project Financed through Current Offer
21.97
Post Issue Equity Share Capital
15.18
To meet working capital requirements
To finance the cost of establishing new warehouses
General corporate purposes
Nitesh Agarwalla
Rinku Agarwalla