Poojaa Precision Engg IPO
Poojaa Precision Engg. LtdSME
This IPO has listed.
- Open date
- 28 Jul 2026
- Close date
- 30 Jul 2026
- Min. Investment
- ₹2,40,800
- Lot Size
- -
- Fresh Issue
- ₹159.83 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- -
Subscription rate
- Qualified Institutional Buyers206.46x
- Non-Institutional Investors342.50x
- Retail-Individual Investors247.55x
- Total259.42x
Schedule
- Completed: IPO open date28 Jul 2026
- Completed: IPO close date30 Jul 2026
- Completed: Allotment date31 Jul 2026
- Completed: Funds unblock or debit3 Aug 2026
- Completed: Tentative listing date4 Aug 2026
About
Promoter shareholding in Poojaa Precision Engg. Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Anil Shivajirao Kulkarni | 10,00,320 | 6.84% | 10,00,320 | 5.02% |
| Jayshree Anil Kulkarni | 38,99,880 | 26.65% | 38,99,880 | 19.55% |
| Sanket Anil Kulkarni | 3,01,200 | 2.06% | 3,01,200 | 1.51% |
| Rahul Sohanlal Ranka | 36,74,480 | 25.11% | 36,74,480 | 18.42% |
| Vaishali Dakshendra Agrawal | 0 | 0.00% | 0 | 0.00% |
| Dakshendra Brijballabh Agrawal | 0 | 0.00% | 0 | 0.00% |
| Bhavya Dakshendra Agrawal | 0 | 0.00% | 0 | 0.00% |
| Bhavya Financial Services Priv | 32,17,480 | 21.98% | 32,17,480 | 16.13% |
Poojaa Precision Engg IPO Strengths & Risks
- Integrated manufacturing capabilities.
- Design capabilities with emphasis on customer specifications & quality standards.
- Diverse customer base with sustained, long-standing relationships.
- Offering precision engineering solutions with a comprehensive product portfolio.
- Experienced promoters and management team.
- Track record of consistent revenue growth and profitability.
- Risks Relating to the Business: The company relies on a limited number of key customers and Original Equipment Manufacturer (OEMs), and loss or reduction in orders from any of these customers could materially affect its revenue and business operations.
- Risks Relating to the Business: The company's business and profitability is substantially dependent on the availability and cost of its raw materials, including Aluminium, and any disruption to the timely and adequate supply of raw materials, or volatility in the prices of raw materials may adversely impact its business, results of operations and financial condition.
- Risks Relating to the Business: The company depends on third parties for the supply of raw materials and does not have firm commitments for supply or exclusive arrangements with any of its suppliers. Loss of suppliers may have an adverse effect on the company's business, results of operations and financial condition.
- Risks Relating to the Business: A significant portion of its revenue from operations in each of the last three Fiscals and stub period is attributable to the automotive sector. Any adverse changes in the automotive sector could adversely impact the company's business, results of operations and financial condition.
- Risks Relating to the Business: The company's operations are subject to environmental, health and safety laws, which could result in material liabilities in the future.
- Risks Relating to the Business: The company's proposed expansion plans relating to the manufacturing facilities in Pune, Maharashtra are subject to the risk of unanticipated delays in implementation and cost overruns.
- Risks Relating to the Business: The company has substantial capital expenditure and working capital requirements and may requires additional financing to meet those requirements, which could have an adverse effect on the company's results of operations and financial condition.
- Risks Relating to the Business: Pricing pressure from its customers or the company's inability to fully pass on costs to its customer, may impact our revenue from operations and profitability and may result in a materially adverse effect on the company's business, results of operations and financial condition.
- Risks Relating to the Business: The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.
- Risks Relating to the Business: The company's incremental business pipeline may not be indicative of its growth rate or new business orders the company will receive in the future. Further, the company may not realize all of the revenue expected from its incremental business pipeline which may adversely affect the company's business operations & result of operation.
- Risks Relating to the Business: The company is subject to strict performance requirements, including, but not limited to, quality, delivery and development activities, and any failures by the company to comply with these performance requirements may lead to the cancellation of existing and future orders, recalls or warranty and liability claims.
- Risks Relating to the Business: The name of one of its Promoters and Non-Executive Director, Vaishali Dakshendra Agrawal and one of the company's Senior Management Personnel, Shekhar Sharadchandra Dravid have appeared in the list of disqualified directors in the past.
- Risks Relating to the Business: Any failures to compete effectively in the highly competitive precision components industry could have a material adverse effect on its business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The availability of counterfeit products, the company's failures to keep its technical knowledge confidential, or the company's inability to obtain and protect its intellectual properties may have adverse effects on the company's business and results of operations.
- Risks Relating to the Business: The company is dependent on contract labour and if the company is unable to obtain the services of skilled and unskilled workmen at reasonable rates it will have an adverse effect on the company's business and results of operations. In addition, the company may also be held responsible for paying the wages or statutory obligations of such workers if the independent contractors default on their obligations to them, and such obligations could have an adverse effect on the company's cash flows, the company's results of operations and financial condition.
- Risks Relating to the Business: The company requires certain licenses, permits and approvals in the ordinary course of business, and failures to obtain or retain them in a timely manner may have a material adverse effect on the company's business and results of operations.
- Risks Relating to the Business: Some of its manufacturing facilities including certain portion of Unit II, proposed manufacturing Unit III and Proposed manufacturing Unit IV are located on leasehold premises. If the company is unable to renew existing leases or relocate the company's operations on commercially reasonable terms, there may be an adverse effect on its business, financial condition and operations.
- Risks Relating to the Business: The company relies on financing from banks or financial institutions to carry on the company's business operations, and inability to obtain additional financing on terms favourable to the company or at all could have an adverse impact on its financial condition. If the company is unable to raise additional capital, the company's business and future financial performance could be adversely affected.
- Risks Relating to the Business: The Company was incorporated in 1992 and the company is unable to trace some of its historical records and certain of the company's corporate records relating to forms filed with the Registrar of Companies in respect of Allotment of Equity Shares, increase in authorized share capital, appointment of Statutory Auditor, change in registered office, appointment of directors (if any), filing of financial statements etc. The company cannot's assure you that no legal proceedings or regulatory actions will be initiated against the Company in the future in relation to the missing filings and corporate records, which may impact its financial condition and reputation.
- Risks Relating to the Business: The company is requireds to obtain and maintain quality and product certifications for its manufacturing operations.
- Risks Relating to the Business: The company's Promoters and Directors, Anil Shivajirao Kulkarni and Rahul Sohanlal Ranka and Independent Director, Viren Ajit Joshi, were previously associated with companies that were voluntarily struck off from the register of companies. Any such past or future association may be perceived unfavourably by investors, regulators, or other stakeholders.
- Risks Relating to the Business: Some of the company's employees are members of unions and the company may be subject to industrial unrest, slowdowns and increased wage costs, which may adversely affect its business and results of operations.
- Risks Relating to the Business: Initial investment requirements and operational inefficiencies relating to new products and OEM approval processes could have a material adverse effect on the company's results of operations and financial condition.
- Risks Relating to the Business: There are certain discrepancies/ errors noticed in some of its corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 1956/2013. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate and other law could impact the reputation and financial position of the Company to that extent
- Risks Relating to the Business: The company is dependent on third parties for the transportation and timely delivery of its products to customers.
- Risks Relating to the Business: The company's insurance coverage may not be adequate to protect the company against all potential losses, which may have an adverse effect on the company's results of operations, cash flows and financial condition.
- Risks Relating to the Business: Failures or disruption of its information technology ("IT") systems may adversely affect the company's business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The company has power and water requirements and any disruption to its power or water sources could increase the company's production costs.
- Risks Relating to the Business: The company's business is concentrated in the states of Maharashtra, Karnataka, Punjab, Haryana and Gujarat. Any adverse impact in this region may adversely affect its business, results of operations and financial condition.
- Risks Relating to the Business: The company has not entered into definitive arrangements in relation to certain objects, and may not be able to enter into definitive agreements on favourable terms, or at all, in the future. Further, any delays in deploying the funds being raised in the Offer, may have an adverse effect on the company's business, financial condition and results of operations.
- Risks Relating to the Business: If the company fails to maintain an effective system of internal controls, the company may not be able to successfully manage or accurately report its financial risks.
- Risks Relating to the Business: Any shutdown or disruption at the company's manufacturing facilities may have an adverse effect on its business, results of operations and financial condition.
- Risks Relating to the Business: The company's directors have no prior experience in managing a listed company, which may pose challenges in complying with regulatory requirements. Also, being a listed company may strain its existing resources.
- Risks Relating to the Business: Under-utilization of the company's manufacturing capacities and an inability to effectively utilize its expanded manufacturing capacities could have an adverse effect on the company's business, future prospects and future financial performance.
- Risks Relating to the Business: Any failures to adapt to industry trends and evolving technologies to meet its customers' demands may materially adversely affect the company's business and results of operations.
- Risks Relating to the Business: The company depends on the services of its Directors, Promoters, Key Managerial Personnel, Senior Management team and other personnel with technical expertise, and if the company is unable to recruit and retain qualified and skilled personnel, the company's business and its ability to operate or grow the company's business may be adversely affected.
- Risks Relating to the Business: The company has entered into certain credit facilities that are repayable on demand. Any unexpected demand for repayment of such facilities by the lenders may adversely affect its business, financial condition, cash flows and results of operations.
- Risks Relating to the Business: The company is subject to stringent labour laws or other industry standards and any kind of disputes with its employees could adversely affect the company's business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The company is exposed to risks associated with foreign exchange rate fluctuations.
- Risks Relating to the Business: Some of the company's Promoters have provided personal guarantees to lenders for certain loan facilities availed of by the Company, which if invoked may adversely affect its Promoters' ability to manage the affairs of the Company and which in turn may adversely impact its business and operations.
- Risks Relating to the Business: The company's inability to collect receivables from its customers or default in payment by them could result in the reduction of the company's profits and affect its cash flows.
- Risks Relating to the Business: The Company is party to certain legal proceedings, any adverse decision in such proceedings may have a material adverse effect on the company's business, results of operations and financial condition.
- Risks Relating to the Business: The company's Contingent Liability and Commitments could affect its financial position.
- Risks Relating to the Business: The company's Corporate Promoter and some of its individual promoters are not the original promoters of the Company. Also, they have limited experience in the company's line of business.
- Risks Relating to the Business: Information relating to the installed capacity and capacity utilization included in this Draft Red Herring Prospectus is based on various assumptions and estimates and capacity utilization may vary.
- Risks Relating to the Business: The company is exposed to cyber security and data protection risks due to its reliance on digital systems and connected technologies.
- Risks Relating to the Business: The company has in the past entered into related party transactions and may continue to do so in the future.
- Risks Relating to the Business: Any inability to grow, sustain or manage its revenue from operations, profitability or operations may adversely affect the company's business, results of operations and financial condition.
- Risks Relating to the Business: The company's management will have discretion in the utilisation of the Net Proceeds, including interim use, and any deviation from the proposed Objects of the Issue may adversely affect the returns on your investment.
- Risks Relating to the Business: The company has made investment in equity instruments, and the company has not made any provision for a decline in the value of our investments.
- Risks Relating to the Business: This Draft Red Herring Prospectus contains certain non-GAAP financial measures and certain other selected statistical information related to the company's operations and financial performance. These non-GAAP measures and statistical information may vary from any standard methodology that is applicable across the manufacturing industry, and therefore may not be comparable with financial or statistical information of similar nomenclature computed and presented by other manufacturing companies.
- Risks Relating to the Business: Any international market expansion efforts may expose the company to complex management, legal, tax and economic risks, which could adversely affect its business, financial condition, cash flows and results of operations.
- Risks Relating to the Business: The company has issued Equity Shares during the preceding one year at a price that may be below the Issue Price.
- Risks Relating to the Business: Any variation in the utilization of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.
- Risks Relating to the Business: Failures to deal effectively with any fraudulent transactions and illegal activity affecting the sensitive information of its stakeholders could harm the company's business and reputation and expose the company to liability.
- Risks Relating to the Business: The company could's be adversely affected by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
- Risks Relating to the Business: In addition to normal remuneration, other benefits and reimbursement of expenses of some of its directors (including our Promoter) and Key Management Personnel are interested in the Company to the extent of their shareholding and dividend entitlement in the Company.
- Risks Relating to the Business: Any Penalty or demand raised by statutory authorities in future may adversely affect the financial position of the Company.
- Risks Relating to the Business: The average cost of acquisition of Equity Shares by its Promoter, are lower than the faces value of Equity Share.
- Risks Relating to the Business: Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by the company's major shareholders may adversely affect the trading price of its Equity Shares.
- Risks Relating to the Business: The Issue Price of its Equity Shares may not be indicative of the market price of the company's Equity Shares after the Issue and the market price of its Equity Shares may decline below the Issue Price or you may not be able to sell your Equity Shares at or above the Issue Price.
- Risks Relating to the Business: Significant differences exist between Indian GAAP and other accounting principles, such as Ind AS, IFRS and U.S. GAAP, which may be material to investors' assessments of its financial condition, result of operations and cash flows.
- Risks Relating to the Business: The company may be subject to surveillance measures, such as the Additional Surveillance Measures (ASM) and the Graded Surveillance Measures (GSM) by the Stock Exchanges which may adversely affect trading price of its Equity Shares.
- Risks Relating to the Business: The company has not identified any alternate source of funding and hence any failures or delay on its part to mobilize the required resources or any shortfall in the Issue proceeds may delay the implementation schedule.
- Risks Relating to the Business: The Objects of the Issue for which funds are being raised have not been appraised by any bank or financial institution. Any variation between the estimation and actual expenditure as estimated by the management could result in execution delays or influence its profitability adversely.
- Risks Relating to the Business: The company's ability to pay dividends in the future will depends upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in the company's financing arrangements.
- Risks Relating to the Business: Industry information included in this Draft Red Herring Prospectus has been derived from publicly available industry reports and/or websites. There can be no assurance that such third-party statistical, financial and other industry information is either complete or accurate.
- Risks Relating to the Business: The company relies on a limited number of key customers and Original Equipment Manufacturer (OEMs), and any cancellation, loss or reduction of orders from any of these customers could materially affect its revenue and business operations.
- Risks Relating to the Business: The company's business and profitability is substantially dependent on the availability and cost of its raw materials, including Aluminium, and any disruption to the timely and adequate supply of raw materials, or volatility in the prices of raw materials may adversely impact the company's business, results of operations and financial condition.
- Risks Relating to the Business: The company depends on third parties for the supply of raw materials and does not has firm commitments for supply or exclusive arrangements with any of the company's suppliers. Loss of suppliers may have an adverse effect on its business, results of operations and financial condition.
- Risks Relating to the Business: A significant portion of the company's revenue from operations in each of the last three Fiscals is attributable to the automotive sector. Any adverse changes in the automotive sector could adversely impact its business, results of operations and financial condition.
- Risks Relating to the Business: The company's operations is subject to environmental, health and safety laws, and any violations, accidents, or operational hazards could result in material liabilities, regulatory sanctions, reputational harm, and financial losses.
- Risks Relating to the Business: The company's proposed expansion plans relating to the manufacturing facilities in Pune, Maharashtra are subject to the risk of unanticipated delays in implementation and cost overruns.
- Risks Relating to the Business: The company has substantial capital expenditure and working capital requirements and may requires additional financing to meet those requirements, which could have an adverse effect on its results of operations and financial condition.
- Risks Relating to the Business: Pricing pressure from the company's customers or its inability to fully pass on costs to the company's customers, may impact its revenue from operations and profitability and may result in a materially adverse effect on the company's business, results of operations, and financial condition.
- Risks Relating to the Business: Pricing pressure from the company's customers or its inability to fully pass on costs to the company's customers, may impact its revenue from operations and profitability and may result in a materially adverse effect on the company's business, results of operations, and financial condition.
- Risks Relating to the Business: The name of one of the company's Promoters and Non-Executive Director, Vaishali Dakshendra Agrawal and one of its Senior Management Personnel, Shekhar Sharadchandra Dravid has appeared in the list of disqualified directors in the past.
- Risks Relating to the Business: The company's inability to trace certain historical and statutory corporate records, including filings with the Registrar of Companies, may expose its to regulatory actions, penal consequences, and limit the company's ability to substantiate corporate actions, which could adversely affect its business, operations, financial condition and reputation if any legal proceedings or regulatory actions is initiated against the Company in the future.
- Risks Relating to the Business: The company's incremental business pipeline may not be indicative of its future growth rate or new business orders the company will receive in the future. Further, its may not realize all of the revenue expected from the company's incremental business pipeline which may adversely affect its business operations and results of operations.
- Risks Relating to the Business: The company's Promoters and Directors, Anil Shivajirao Kulkarni and Rahul Sohanlal Ranka and Independent Director, Viren Ajit Joshi, were previously associated with companies that were voluntarily struck off from the register of companies. Any such past or future association may be perceived unfavourably by investors, regulators, or other stakeholders.
- Risks Relating to the Business: The company has had negative net cash flows in the past and may continue to have negative cash flows in the future.
- Risks Relating to the Business: There are certain discrepancies/errors noticed in some of the company's corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 1956/2013. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate and other law could impact the reputation and financial position of the Company to that extent.
- Risks Relating to the Business: The company is subject to strict performance requirements, including, but not limited to, quality, delivery and development activities, and any failure by its to comply with these performance requirements may lead to the cancellation of existing and future orders, recalls or warranty and liability claims.
- Risks Relating to the Business: Any failures to compete effectively in the highly competitive precision components industry could have a material adverse effect on the company's business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The company relies on financing from banks or financial institutions to carry on its business operations, and inability to obtain additional financing on terms favourable to the company or at all or, any failures to comply with financing covenants, or failures to manage the company's debt obligations could have an adverse impact on its financial condition. If the company is unable to raise additional capital, its business and future financial performance could be adversely affected.
- Risks Relating to the Business: The availability of counterfeit products, the company failures to keep its technical knowledge confidential, or the company's inability to obtain and protect its intellectual properties may have adverse effects on the company's business and results of operations.
- Risks Relating to the Business: Any failures to obtain or maintain required quality and product certifications or comply with applicable standards could adversely affect the company's manufacturing operations, and business.
- Risks Relating to the Business: The company is dependent on contract labour and if its is unable to obtain the services of skilled and unskilled workmen at reasonable rates it will have an adverse effect on the company's business and results of operations. In addition, its may also be held responsible for paying the wages or statutory obligations of such workers if the independent contractors default on their obligations to them, and such obligations could have an adverse effect on the company's cash flows, its results of operations and financial condition.
- Risks Relating to the Business: The company requires certain licenses, permits and approvals in the ordinary course of business, and failures to obtain or retain them in a timely manner may have a material adverse effect on its business and results of operations.
- Risks Relating to the Business: Some of the company's manufacturing facilities including certain portion of Unit II, proposed manufacturing Unit III and Proposed Manufacturing Unit IV are located on leasehold premises. If the company is unable to renew existing leases or relocate its operations on commercially reasonable terms, there may be an adverse effect on the company's business, financial condition and operations.
- Risks Relating to the Business: Some of the company's employees is members of unions and the company may be subject to industrial unrest, slowdowns and increased wages costs, which may adversely affect its business and results of operations.
- Risks Relating to the Business: The company is dependent on third parties for the transportation and timely delivery of its products to customers. Any delays, cost fluctuations, and loss or damage of goods may adversely affect the company's supply chain, profitability and reputation.
- Risks Relating to the Business: Initial investment requirements and operational inefficiencies relating to new products and OEM approval processes could have a material adverse effect on the company's results of operations and financial condition.
- Risks Relating to the Business: The company's insurance coverage may not be adequate to protect its against all potential losses, which may have an adverse effect on the company's results of operations, cash flows and financial condition.
- Risks Relating to the Business: The company has power and water requirements and any disruption to its power or water sources could increase the company's production costs or lead to production shutdowns, loss of work in progress and adverse impact on its financial condition.
- Risks Relating to the Business: Failures or disruption of the company's information technology ("IT") systems may adversely affect its business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The company's business is concentrated in the states of Maharashtra, Karnataka, Punjab, Haryana and Gujarat. Any adverse impact in this region may adversely affect its business, results of operations and financial condition.
- Risks Relating to the Business: The company has not entered into definitive arrangements in relation to certain objects, and may not be able to enter into definitive agreements on favourable terms, or at all, in the future. Further, any delays in deploying the funds being raised in the Issue, may have an adverse effect on the company's business, financial condition and results of operations.
- Risks Relating to the Business: Any shutdown or disruption at the company's manufacturing facilities may have an adverse effect on its business, results of operations and financial condition.
- Risks Relating to the Business: If the company fails to maintain an effective system of internal controls, its may not be able to successfully manage or accurately report the company's financial risks.
- Risks Relating to the Business: The company's directors has no prior experience in managing a listed company, which may pose challenges in complying with regulatory requirements. Also, being a listed company may strain its existing resources.
- Risks Relating to the Business: Under-utilization of the company's manufacturing capacities and an inability to effectively utilize its expanded manufacturing capacities could have an adverse effect on the company's business, future prospects and future financial performance.
- Risks Relating to the Business: Any failures to adapt to industry trends and evolving technologies to meet the company's customers' demands may materially adversely affect its business and results of operations.
- Risks Relating to the Business: The company depends on the services of its Directors, Promoters, Key Managerial Personnel, Senior Management team and other personnel with technical expertise, and if the company is unable to recruit and retain qualified and skilled personnel, the company's business and its ability to operates or grow the company's business may be adversely affected.
- Risks Relating to the Business: The company has entered into certain credit facilities that are repayable on demand. Any unexpected demand for repayment of such facilities by the lenders may adversely affect its business, financial condition, cash flows and results of operations.
- Risks Relating to the Business: The company is subject to stringent labour laws or other industry standards and any kind of disputes with its employees could adversely affect the company's business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The company is exposed to risks associated with foreign exchange rate fluctuations.
- Risks Relating to the Business: Some of the company's Promoters has provided personal guarantees to lenders for certain loan facilities availed of by its Company, which if invoked may adversely affect the company's Promoters' ability to manage the affairs of its Company and which in turn may adversely impact the company's business and operations.
- Risks Relating to the Business: The company's inability to collect receivables from its customers or default in payment by them could result in the reduction of the company's profits and affect its cash flows.
- Risks Relating to the Business: The Company is party to certain legal proceedings, any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
- Risks Relating to the Business: The company's Contingent Liability and Commitments could affect its financial position.
- Risks Relating to the Business: The company's Corporate Promoter and some of its individual promoters are not the original promoters of the Company. Also, they have limited experience in the company's line of business.
- Risks Relating to the Business: Information relating to the installed capacity and capacity utilization included in this Red Herring Prospectus is based on various assumptions and estimates and capacity utilization may vary.
- Risks Relating to the Business: The company has in the past entered into related party transactions and may continue to does so in the future which may involve conflicts of interest and could adversely affect its financial condition and results of operations.
- Risks Relating to the Business: The company is exposed to cyber security and data protection risks due to its reliance on digital systems and connected technologies.
- Risks Relating to the Business: Any inability to grow, sustain or manage the company's revenue from operations, profitability or operations may adversely affect its business, results of operations and financial condition.
- Risks Relating to the Business: The company's management will has discretion in the utilisation of the Net Proceeds, including interim use, and any deviation from the proposed Objects of the Issue may adversely affect the returns on your investment.
- Risks Relating to the Business: The company has made investment in equity instruments, and its has not made any provision for a decline in the value of the company's investments.
- Risks Relating to the Business: This Red Herring Prospectus contains certain non-GAAP financial measures and certain other selected statistical information related to the company's operations and financial performance. These non-GAAP measures and statistical information may vary from any standard methodology that is applicable across the manufacturing industry, and therefore may not be comparable with financial or statistical information of similar nomenclature computed and presented by other manufacturing companies.
- Risks Relating to the Business: Any international market expansion efforts may expose its to complex management, legal, tax and economic risks, which could adversely affect the company's business, financial condition, cash flows and results of operations.
- Risks Relating to the Business: The company has issued Equity Shares during the preceding one year at a price that may be below the Issue Price.
- Risks Relating to the Business: Any variation in the utilization of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.
- Risks Relating to the Business: The company could be adversely affected by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
- Risks Relating to the Business: Failures to deal effectively with any fraudulent transactions and illegal activity affecting the sensitive information of the company's stakeholders could harm its business and reputation and expose the company to liability.
- Risks Relating to the Business: In addition to normal remuneration, other benefits and reimbursement of expenses of some of the company's directors (including its Promoter) and Key Management Personnel are interested in the Company to the extent of their shareholding and dividend entitlement in the Company.
- Risks Relating to the Business: Any Penalty or demand raised by statutory authorities in future may adversely affect the financial position of the Company.
- Risks Relating to the Business: The average cost of acquisition of Equity Shares by the company's Promoter is lower than the face value of Equity Share.
- Risks Relating to the Business: Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by the company's major shareholders may adversely affect the trading price of its Equity Shares.
- Risks Relating to the Business: Significant differences exist between Indian GAAP and other accounting principles, such as Ind AS, IFRS and U.S. GAAP, which may be material to investors' assessments of the company's financial condition, result of operations and cash flows.
- Risks Relating to the Business: The company may be subject to surveillance measures, such as the Additional Surveillance Measures (ASM) and the Graded Surveillance Measures (GSM) by the Stock Exchanges which may adversely affect trading price of its Equity Shares.
- Risks Relating to the Business: The company has not identified any alternate source of funding and hence any failures or delay on its part to mobilize the required resources or any shortfall in the Issue proceeds may delay the implementation schedule.
- Risks Relating to the Business: The Objects of the Issue for which funds are being raised has not been appraised by any bank or financial institution. Any variation between the estimation and actual expenditure as estimated by the management could result in execution delays or influence the company's profitability adversely.
- Risks Relating to the Business: The company's ability to pay dividends in the future will depends upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in the company's financing arrangements.
- Risks Relating to the Business: Industry information included in this Red Herring Prospectus has been derived from publicly available industry reports and/or websites. There can be no assurance that such third-party statistical, financial and other industry information is either complete or accurate.
- Risks Relating to the Business: The Issue Price of the company's Equity Shares may not be indicative of the market price of its Equity Shares after the Issue and the market price of the company's Equity Shares may decline below the Issue Price or you may not be able to sell your Equity Shares at or above the Issue Price.
