ACE Alpha Tech Ltd IPO

The company is dependent on and derives a substantial portion of its revenue from a limited number of customers. Cancellation by customers or a delay or reduction in their orders could have a material adverse effect on its business, results of operations and financial condition.

Its Promoters and members of the Promoter Group have significant control over the Company and have the ability to direct its business and affairs; their interests may conflict with your interests as a shareholder.

The continued success of its business is heavily contingent on the expertise and involvement of its Promoters, senior management and other key personnel, and the loss of, or its inability to attract or retain, such persons could affect the company business, results of operations, financial condition and cash flows.

None of the executive director of the company have experience of a listed company exposing the company to various regulatory and functional risks.

The company lack ownership of the registered office and other office used by the company. Any interference with its entitlements as the licensee/lessee or the cancellation of contracts with its licensors/lessors could have a negative effect on the company activities and, as a result, its overall business.

Its present promoters of the Company are first generation entrepreneurs.

Its promoter holds two positions as Managing Director and as Chief Financial Officer in the company

The Company has reported negative cash flows in the recent period. Negative cash flows in the future could adversely affect its results of the company operations and financial condition.

There have been instances of delay in filing of GST returns of the Company. Its may be subject to regulatory actions and penalties for any such delays and the company business, financial condition and reputation may be adversely affected.

The Company may not have complied with certain statutory provisions of the Companies Act, 2013. Such non- compliances / lapses may attract penalties and prosecution against the Company and its directors which could impact on the financial position of the Company to that extent.