Current Infraprojects Ltd IPO

The company's revenue is largely driven by the performance of the EPC sector, which presents a range of potential risks. Any downturns or disruptions within this sector could significantly impact its overall business performance and financial stability.

Delays in the completion of construction of current and future projects could lead to termination of EPC contracts or cost overruns or claims for damages, which could have an adverse effect on the company cash flows, business, results of operations and financial condition.

The company Objects to issue - "Investment in Equity of its wholly owned subsidiary, Current Infra Dhanbad Solar Private Limited for setting up 1800 KW solar plant under RESCO Model at Indian Institute of Technology (Indian School of Mines) IIT(ISM), Dhanbad, Jharkhand" ("Proposed Project") is subject to the risk of unanticipated delays in implementation, cost overruns and certain Government approvals and licenses. If the company unable to implement the expansion plans at the planned cost or time or unable to obtain Government approvals and licenses, it could materially and adversely impact the company business, results of operations and financial condition.

We cannot assure that the completion of our projects will be free from any or all defects, which may adversely affect our business, financial condition, results of operations and prospects.

We are dependent on and derive our 85.01%, 92.52%, 92.93% and 93.33% of revenue from our top 10 key customers for the period ended on September 30, 2024, and for the fiscal year ended on March 31, 2024, 2023 and 2022 respectively. A decrease in the revenues we derive from them could materially and adversely affect our business, results of operations, cash flows and financial condition.

Our business is concentrated in three states of India namely Rajasthan, Kerala and Uttar Pradesh. 83.43%, 67.94%, 54.96% and 57.13% of our total revenue from operations for the period ended on September 30, 2024 and for the fiscal year ended on March 31, 2024, 2023 and 2022 is derived from these three states of India. Any adverse impact in this region may adversely affect our business, results of operations and financial condition.

We are dependent upon a limited number of suppliers. Our 57.17%, 40.76%, 36.75% and 39.65% of our total purchases are derived from our top 10 suppliers for the period ended on September 30, 2024 and for the Fiscal Years ended on March 31, 2024, 2023 and 2022. Any failure of our suppliers to deliver products in the necessary quantities or to adhere to delivery schedules, credit terms or specified quality standards and technical specifications may adversely affect our business and our ability to deliver orders on time at the desired level of quality.

We are dependent on our contractors for timely completion of projects undertaken by us in our normal course of business. 83.43%, 67.94%, 54.96% and 57.13% of our total goods of goods sold comprises of cost of contractor for the period ended on September 30, 2024 and for the fiscal year ended on March 31, 2024, 2023 and 2022. Our ability to complete our projects in a timely manner and operate, maintain and expand our projects, is subject to performance of our contractors.

We may not be able to realise the amounts, partly or at all, reflected in our Order Book which may materially and adversely affect our business, prospects, reputation, profitability, financial condition and results of operation.

We are required to furnish performance bank guarantees as part of our business for bidding in government tenders. Our inability to arrange such guarantees or the invocation of such guarantees may adversely affect our cash flows and financial condition.