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NSE · Source: SEBI
From the prospectus, ordered by severity. Wording is close to the filing — not softened.
Market Risk
No formal market for the Equity Shares, and the Offer Price should not be considered indicative of the market price after listing.
Market · high
Regulatory Risk
The Equity Shares have not been approved by SEBI, which does not guarantee the accuracy of the prospectus.
Regulatory · high
Operational Risk
The company has experienced negative cash flows from operating activities in the past.
Operational · medium
What the business leans on, as the filing describes it.