Aspire & Innovative IPO

Founded in 2017, Aspire & Innovative Advertising Limited deals in consumer durables, including kitchen appliances, home appliances, white goods, mobile phones and accessories, solar products, and more. They deal in products from renowned brands such as Bajaj, Prestige, Vivo, Samsung, Crompton, Whirlpool, Hindware, Havells, and many others. The company's asset-light model incurs expenses for facilitation fees and commission paid to intermediaries. They provide services such as marketing, field staff interaction, demand collation, and financial services to customers in rural and semi-urban communities. The company offers 50+ products, including cookware, electronics, and appliances such as pressure cookers, induction cooktops, mixer-grinders, dinner sets, sewing machines, fans, irons, bulbs, heaters, phones, TVs, refrigerators, washing machines, headphones, and solar lanterns. The company has commercial arrangements with 15+ intermediaries and operates 19 warehouses in 16 states. As of November 30, 2023, the company has 49 full-time employees, including managers.

The company intends to utilize the proceeds of the Issue to meet the following objects: To meet Working Capital requirements; and To finance the cost of establishing new warehouses General Corporate Purpose.

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