AITMC Ventures Limited

price band announcedRefreshing

Source: SEBI

Price band

₹20–₹24

Issue size

—

Fresh issue

—

Offer for sale

—

Risk factors

From the prospectus, ordered by severity. Wording is close to the filing — not softened.

Regulatory Risks
The drone industry is heavily regulated, requiring various approvals that could materially affect operations.
Operational · high
Negative Cash Flows
The company has faced negative cash flows in the past and may continue to do so, impacting its ability to operate and grow.
Financial · high
Execution Risks
The capital-intensive nature of manufacturing and proposed facility expansion introduces execution risks.
Operational · medium
Dependency on Government Support
A significant portion of our drone-related training and Drone-as-a-Service (DaaS) operations currently depend on government-sponsored initiatives.
Operational · medium
Customer Concentration
The company has reported significant customer concentration, with its top 10 customers contributing 83.58% of revenue in Fiscal 2026.
Financial · medium