Atharva Poly-Plast Ltd IPO

The company is highly dependent on certain key customers for a substantial portion of its revenues. Loss of relationship with any of these customers may has a material adverse effect on the company profitability and results of operations.

The Company is dependent on a few suppliers for purchases of raw materials. The loss of any of these suppliers may affect its business operations.

The company requires certain approvals and licenses in the ordinary course of business and the failures to successfully obtain/renew such registrations would adversely affect its operations, results of operations and financial condition.

The company has experienced negative cash flows in relation to its investing activities and financing activities for the Fiscal Year 2025, 2024 and 2023 and the Stub period. Any negative cash flows in the future would adversely affect the company results of operations and financial condition.

The Company generates majority of its revenue from manufacturing i.e. by way of injection moulding. If the company customers does not continue to outsource manufacturing, or if there is a downward trend in OEM business, its sales could be adversely affected.

Any increase in the cost of the company raw material or a shortfall in the supply of its raw materials including volatility in the pricing and availability of polymer-based raw materials, may adversely affect the pricing and supply of the company products and has an adverse effect on its business, results of operations and financial condition.

The company business requires significant working capital, and any inability to secure adequate funding or delays in collections could adversely affect its operations, profitability and financial condition.

The company significant revenue is generated from operations in the state of Maharashtra. Any disruption in these operations, whether dues to regulatory changes, economic conditions, or unforeseen events in the said state, could significantly impact its financial performance and future prospects.

Possible implications of timing of redemption and allotment of debentures under the Master Business Separation and Shareholders Agreement.

Instances of Non-Compliance with Regulatory Requirements and Clerical Errors Could Subject the company to Regulatory Action and Penalties.