Aspire & Innovative Advertising IPO: Review, Valuation, & GMP

The blog provides a comprehensive overview of the upcoming IPO of Aspire & Innovative Advertising Ltd., a company established in 2017. It operates in the trading of consumer durables and offers products from renowned brands like Bajaj, Prestige, Vivo, Samsung, etc. The company primarily sells through intermediaries such as NBFCs and MFIs and operates on an asset-light model. The IPO is scheduled from March 26 to March 28, 2024, with a price range of Rs.51 to Rs.54 per share and a total issue size of Rs.21.97 Cr. The company plans to utilize the proceeds for working capital requirements and setting up new warehouses. Strengths of the IPO include a diverse product portfolio and revenue streams spread across rural and semi-urban areas. However, weaknesses include significant reliance on specific intermediaries and previous periods of negative operating cash flows.