Aspire & Innovative Advertising Ltd IPO

The company is dependent upon third parties for trading and supply of all of the products the company sell, with whom its may not have long term contracts or exclusive supply arrangements. Any delay or failure on the part of such vendors to deliver products, may adversely affect its business, profitability and reputation.

Its historical performance is not indicative of the company's future growth or financial results and its may not be able to sustain the company's historical growth rates.

Its future growth is dependent upon the company's ability to identify and maintain new products, technologies and customers that achieve market acceptance with acceptable margins.

The company does not own the registered office and corporate office from which its carry out the company's business activities. In case of nonrenewal of rent agreements or dispute in relation to use of the said premise, its business and results of operations can be adversely affected.

Dependence upon third party for transportation and warehousing services for supply and transportation of its products are subject to various uncertainties and risks, and delays in delivery may result in rejection of products by customer. If warehousing lease agreements are not renewed/inadequately executed, its operations may be affected adversely.

The company is highly dependent on certain key intermediaries like NBFCs, NBFC-MFIs etc. for selling of its products to the company's customers and generate substantial portion of its revenues. Loss of relationship with any of these intermediaries may have a material adverse effect on its profitability and results of operations.

A significant portion of its revenue is generated from sales of the company's top five products. The loss of customers who purchase these products, or a significant reduction in the production and sales of, or demand for said products may adversely affect its business, financial condition, results of operations and prospects.

The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.

The company may be subject to risks associated with product warranty for the brand products.

Expansion into existing and new geographic regions and markets may subject it to various challenges.