Source: SEBI
From the prospectus, ordered by severity. Wording is close to the filing — not softened.
Market Risk
No assurance can be given regarding an active and/or sustained trading in the Equity Shares after listing.
Operational · high
Operational Hazards
The gases we produce, store, handle and distribute are inherently hazardous; any failure to effectively manage the associated risks could result in serious harm to persons, property or the environment.
Operational · high
Customer Dependency
Any adverse change in our relationship with our key customers could adversely affect our business, results of operations, cash flows and financial condition.
Operational · medium
Regulatory Compliance
The company is subject to various covenants and events of default under its borrowing arrangements.
Regulatory · medium
What the business leans on, as the filing describes it.