Aspire & Innovative IPO

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.

Important Details

Date: Mar 26 to Mar 28, 2024 Listing Date: April 3, 2024 Price: INR 51 to 54 per share Lot Size: 2000 Shares Total Issue Size: INR 21.97cr

Fundamental Analysis

Aspire & Innovative Advertising shows revenue growth but fluctuating profitability and rising debt levels, urging caution among potential investors.

Peer Comparison

Aspire & Innovative IPO lacks peer comparison as no Indian listed firms share a similar business line for industry analysis.

Objective

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.

Risks And Challenges

Aspire & Innovative IPO risks: reliance on vendors without contracts, delivery issues, uncertain warehouse locations, revenue dependence on intermediaries and top products.

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