BIBA Fashion Limited IPO

Its business is highly concentrated on women's Indian wear apparel and vulnerable to variations in demand and changes in consumer preferences, which could have an adverse effect on its business, results of operations and financial condition.

Its business prospects depend on the strength of the company key brands, and any failure to maintain or grow sales of its products could adversely affect its business.

The COVID-19 pandemic or any future pandemic or widespread public health emergency is uncertain, cannot be predicted and could adversely affect its business, results of operations, financial condition and cash flows.

The company has incurred losses in the past and may incur losses in the future.

If any new products that the company launch are not as successful as its anticipate, its business, cash flows, results of operations and financial condition may be adversely affected.

While the company design its products in-house, the company relies on outsourcing a significant proportion of its production processes and activities to third-parties, without exclusivity arrangements. Any inability to obtain sufficient quantities of apparel and accessories of the requisite quality in a timely manner and at acceptable prices, or a slowdown, shutdown or disruption in such third parties' operations and performance, could adversely affect its business, cash flows, results of operations and financial condition.

Its inability to identify and retain skilled third-party suppliers, vendors and manufacturers for various parts of its production or procurement processes may adversely affect its business, cash flows, financial condition and results of operations.

Its warehouses and a majority of its contract manufacturers are exclusively based in a single geographical region. This may expose its manufacturing processes and its supply chain to regional risks, which may adversely affect its business, cash flows, financial condition and results of operations.

Any failure in its quality control processes may damage its reputation, and adversely affect its business, cash flows, results of operations and financial condition. Its may face reputational harm or proceedings if the quality of its products does not meet it customers' expectations.

Its operations could be adversely affected by labour shortages, strikes, work stoppages or increased wage demands by its employees or any other kind of disputes with its employees.