Aspire & Innovative Advertising Ltd announces INR 21.97 crore IPO with 40.68 lakh fresh shares.Funds will be used for working capital, new warehouse, and corporate use.
Aspire & Innovative IPO aims to allocate INR 9 crores for working capital, INR 4.95 crores for new warehouses, and the rest for general corporate purposes.
Aspire & Innovative IPO risks: reliance on vendors without contracts, delivery issues, uncertain warehouse locations, revenue dependence on intermediaries and top products.