Source: SEBI
From the prospectus, ordered by severity. Wording is close to the filing — not softened.
Market Risk
There is no assurance of an active market for the shares post-listing.
Investment · high
Regulatory Risk
The Draft Red Herring Prospectus has not been approved by SEBI, which does not guarantee its accuracy.
Compliance · high
Customer Concentration Risk
Loss of any of these customers or loss of revenue from sales to any key customers could have a material adverse effect on our business.
Operational · high
Supplier Dependence
Any loss of suppliers will have a material adverse impact on our business and our revenue.
Operational · high
Public Sector Undertakings (PSU) Tender Risk
A significant proportion of our orders are from government-related entities which award the contract through a process of tender.
Operational · medium
Quality Compliance Risk
Products subject to stringent quality standards and specifications.
Operational · medium
Working Capital Requirement Risk
High working capital requirement.
Financial · medium
What the business leans on, as the filing describes it.