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Source: SEBI
From the prospectus, ordered by severity. Wording is close to the filing — not softened.
Market Risk
No assurance of active trading or price stability post-listing.
Operational · high
Regulatory Risk
Draft Red Herring Prospectus has not been approved by SEBI.
Compliance · high
Supplier Dependency
Significant dependence on suppliers for raw materials.
Operational · medium
Legal Proceedings
Pending criminal complaints and regulatory actions against the company.
Legal · medium
What the business leans on, as the filing describes it.