Source: SEBI
From the prospectus, ordered by severity. Wording is close to the filing — not softened.
Investment Risks
Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in the Offer unless they can afford to take the risk of losing their entire investment.
General · high
Regulatory Risks
The company cannot assure that it will be able to renew its licenses in a timely manner, or at all, which may lead to penalties including suspension, revocation or termination of a license.
Regulatory · high
COVID-19 Impact
The extent to which the COVID-19 outbreak impacts the company's cash flows, results of operations and financial condition will depend on future developments, which are highly uncertain and cannot be predicted.
Market · high
Operational Risks
The company is exposed to risks related to fuel and electricity prices, competition from other logistics providers, and operational risks such as equipment breakdowns and natural disasters.
Operational · medium