How To Check Aspire & Innovative IPO Allotment Status

The Aspire & Innovative IPO opened for bidding on March 26, 2024, and concluded on March 28, 2024. The Aspire & Innovative IPO allotment status is set to be finalised today, April 1.

Aspire & Innovative aims to raise ₹21.97 crores through its IPO on the NSE SME platform. The Aspire & Innovative IPO has witnessed significant traction from investors, with a subscription rate of 15.17 times by day 3 of the IPO.

If you applied for the SME IPO, here is how you check the Aspire & Innovative IPO allotment status.

Checking IPO Allotment Status on Registrar's Website:

Follow these steps to check the Aspire & Innovative IPO allotment status

1. Visit the registrar's website.
2. Click on "Company Selection" and choose "Aspire & Innovative" from the dropdown menu.
3. Then you can enter your PAN, application number or Demat.
4. Enter the captcha and click Submit to retrieve the Aspire & Innovative IPO allotment status

If all the details are entered correctly and the allotment has been finalised, the Aspire & Innovative IPO allotment status will be visible.

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Aspire & Innovative IPO Subscription Details

Retail investors, in particular, displayed notable enthusiasm, subscribing 16.39 times, demonstrating their confidence in the IPO. qualified institutional buyers (QIB) also showed interest, with a subscription rate of 5.21 times, reflecting institutional demand for Aspire & Innovative.

However, it was the non-institutional buyers (NII) category that stood out, subscribing a remarkable 25.60 times, indicating exceptionally high demand from this segment.

The IPO’s price band is set at ₹51 to ₹54 and a market lot of 2000 shares.

Aspire & Innovative specialises in trading a diverse range of consumer durables, including kitchen appliances, home appliances, mobile phones, solar products, and more, featuring renowned brands such as Bajaj, Prestige, Vivo, Samsung and Whirlpool.

By catering to various price points and delivering products primarily in rural and semi-urban areas, the company aims to enhance customer lifestyles by providing a one-stop platform for multiple brands.

Currently, the grey market premium (GMP) for the Aspire & Innovative IPO stands at ₹5, indicating investor sentiment towards the IPO.

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