Aspire & Innovative IPO vs Omfurn India FPO

Comparision between Aspire & Innovative IPO and Omfurn India FPO.

IPO Details

Aspire & Innovative IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Omfurn India FPO is a SME Book Built Issue proposed to list at NSE SME.

	Aspire & Innovative IPO	Omfurn India FPO
Logo
Issue Category	SME	SME
Issue Type	IPO	FPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Hem Securities Limited	Gretex Corporate Services Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Hem Finlease Private Limited	Gretex Share Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Aspire & Innovative IPO is up to ₹21.97 Cr whereas the issue size of the Omfurn India FPO is up to ₹27.00 Cr. The final issue price of Aspire & Innovative IPO is ₹54.00 per share and of Omfurn India FPO is ₹75.00 per share.

	Aspire & Innovative IPO	Omfurn India FPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹51.00 per share	₹71.00 per share
Issue Price (Upper)	₹54.00 per share	₹75.00 per share
Issue Price (Final)	₹54.00 per share	₹75.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2400 shares
Fresh Issue Size	40,68,000 shares	36,00,000 shares
Fresh Issue Size (Amount)	up to ₹21.97 Cr	up to ₹27.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	40,68,000 shares	36,00,000 shares
Issue Size Total (Amount)	up to ₹21.97 Cr	up to ₹27.00 Cr

IPO Timetable

Aspire & Innovative IPO opens on Mar 26, 2024, while Omfurn India FPO opens on Mar 20, 2024. The closing date of Aspire & Innovative IPO and Omfurn India FPO is Mar 28, 2024, and Mar 22, 2024, respectively.

	Aspire & Innovative IPO	Omfurn India FPO
Anchor Bid Date	Mar 22, 2024	Mar 19, 2024
Issue Open	Mar 26, 2024	Mar 20, 2024
Issue Close	Mar 28, 2024	Mar 22, 2024
Basis Of Allotment (Tentative)	Apr 01, 2024	Mar 26, 2024
Initiation of Refunds (Tentative)	Apr 02, 2024	Mar 27, 2024
Credit of Share (Tentative)	Apr 02, 2024	Mar 27, 2024
Listing date (Tentative)	Apr 03, 2024	Mar 28, 2024
Anchor Lockin End date 1	May 01, 2024	Apr 25, 2024
Anchor Lockin End date 2	Jun 30, 2024	Jun 24, 2024

Financials

Aspire & Innovative IPO P/E ratio is 11.3, as compared to Omfurn India FPO P/E ratio of 14.78.

Aspire & Innovative IPO

Omfurn India FPO

Financial

Aspire & Innovative Advertising Limited Financial Information (Restated Standalone)

Aspire & Innovative Advertising Limited's revenue increased by 35.46% and profit after tax (PAT) rose by 21.38% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	8,135.72	6,256.99	5,328.01	3,492.07
Revenue	17,710.29	34,620.10	25,558.30	10,833.44
Profit After Tax	393.28	530.85	437.36	227.75
Net Worth	1,944.53	1,551.25	1,020.39	520.98
Reserves and Surplus	833.53	1,440.15	909.29	519.98
Total Borrowing	1,160.89	881.53	111.02	55.91
Amount in ₹ Lakhs

Omfurn India Limited FPO Financial Information (Restated)

Omfurn India Limited FPO's revenue increased by 120.08% and profit after tax (PAT) rose by 593.65% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	6,825.97	5,716.59	4,766.30	4,665.35
Revenue	4,474.78	7,108.10	3,229.79	2,184.54
Profit After Tax	289.16	414.87	59.81	-99.41
Net Worth	2,862.95	2,573.79	2,158.92	2,099.11
Reserves and Surplus	2,181.75	1,892.59	1,477.72	1,417.91
Total Borrowing	1,890.41	1,138.10	1,595.16	1,585.99
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

98.84%

73.40%

Promoter Shareholding (Post-Issue)

72.35%

50.96%

P/E Ratio

11.3

14.78

Market Cap

₹81.96 Cr.

₹88.31 Cr.

ROE

22.50%%

10.10%%

ROCE

18.59%%

10.28%%

Debt/Equity

0.6

EPS

₹4.78

₹5.08

RoNW

20.22%%

10.10%%

Shares Offered

In the Aspire & Innovative IPO retail investors (RII) are offered 13,54,000 shares while in Omfurn India FPO retail investors are offered 13,54,000 shares. Qualified institutional buyers (QIB) are offered 7,74,000 shares in Aspire & Innovative IPO and 11,73,600 shares in Omfurn India FPO.

	Aspire & Innovative IPO	Omfurn India FPO
Anchor Investor Reserveration	11,56,000 shares	5,35,200 shares
Market Maker Reserveration	2,04,000 shares	1,80,000 shares
QIB	7,74,000 shares	11,73,600 shares
NII	5,80,000 shares	5,13,600 shares
RII	13,54,000 shares	11,97,600 shares
Employee	0 shares	0 shares
Others
Total	27,08,000 shares	28,84,800 shares

Bids Received (Subscription)

Aspire & Innovative IPO subscribed 15.17x in total, whereas Omfurn India FPO subscribed 3.57x.

	Aspire & Innovative IPO	Omfurn India FPO
QIB (times)	5.21x	1.00x
NII (times)	25.60x	3.02x
Big NII (times)
Small NII (times)
RII (times)	16.39x	6.33x
Employee (times)
Other (times)
Total (times)	15.17x	3.57x

Compare with others

Aspire & Innovative IPO	Omfurn India FPO
Jay Kailash Namkeen IPO	Radiowalla IPO
Yash Optics & Lens IPO	Aspire & Innovative IPO
GConnect Logitech IPO	Blue Pebble IPO
TAC Infosec IPO	Vruddhi Engineering Works IPO
Radiowalla IPO	Naman In-Store (India) IPO
Blue Pebble IPO	Vishwas Agri Seeds IPO
Vruddhi Engineering Works IPO	Chatha Foods IPO
Naman In-Store (India) IPO	Enser Communications IPO
Omfurn India FPO	Enfuse Solutions IPO
Vishwas Agri Seeds IPO	KP Green Engineering IPO

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