Davin Sons Retail Ltd IPO

Our Company has been recently incorporated and post incorporation has acquired the running business of M/s. Jesus Shirts (Proprietorship firm of our Promoter) thus we have limited operating history as a Company which may make it difficult for investors to evaluate our historical performance or future prospects.

There are outstanding litigation proceedings involving our Company, our Promoters and/ or our Directors, an adverse outcome in which, may have an adverse impact on our reputation, business, financial condition, results of operations and cash flows.

The Warehouses of Our Company are not owned by us.

Our top 10 customers contribute majority of our revenues from operations. Any loss of business from one or more of them may adversely affect our revenues and profitability.

We have experienced negative cash flows and any negative cash flows in the future could adversely affect our financial conditions and results of operations.

We have not executed any agreement with any of our Job workers contractors.

There are certain delayed in filing and non-compliances noticed in some of our financial reporting and/or records relating to filing of various returns and deposit of statutory dues with the taxation and other statutory authorities.

We rely on third party manufacturers for manufacturing of our readymade garments. In the event the manufacturing facilities of our third party manufacturers cease to be available to us at terms acceptable to us, or we experience problems with, or interruptions at such facilities, our business, results of operations and financial condition may be adversely affected.

We generate our major portion of sales from our operations in certain geographical regions of Delhi, Haryana, Rajasthan, Chhattisgarh, Uttar Pradesh, Bihar, Gujarat and Punjab and any adverse developments affecting our operations in these regions could have an adverse impact on our revenue and results of operations.

Relevant copy of educational qualification of our promoters are not traceable.