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Source: SEBI
From the prospectus, ordered by severity. Wording is close to the filing — not softened.
Market Risk
There is no formal market for these shares, and no assurance of active trading or price stability post-listing.
Market · high
Investment Risk
Investors should only invest if they can afford to lose their entire investment.
Investment · high
Regulatory Risk
The Draft Red Herring Prospectus has not been approved by SEBI, which does not guarantee its accuracy.
Regulatory · high