Ellenbarrie Industrial Gases Ltd IPO

We depend on our relationships with our customers, and the loss of one or more of our key customers, or the deterioration of their financial condition or prospects, or a reduction in their demand for our products, could adversely affect our business, results of operations, cash flows and financial condition.

Our business is dependent on our facilities. Any unscheduled, unplanned or prolonged disruption of our facilities could adversely affect our business, results of operations, cash flows and financial condition.

Our business is dependent on our facilities. Any unscheduled, unplanned or prolonged disruption of our facilities could adversely affect our business, results of operations, cash flows and financial condition.

We supply products to certain government entities and public sector undertakings through a competitive bidding process where the contracts are awarded on a tender basis. We cannot assure you that we will continue to receive such contracts in the future, which may adversely affect our business, results of operations cash flows and financial condition. Any change in qualification criteria, unexpected delays and uncertainties in the tendering process may have an adverse effect on our business. Further, we may face delays in receiving payments from such entities, which may have an impact on our cash flows.

We supply products to certain government entities and public sector undertakings through a competitive bidding process where the contracts are awarded on a tender basis. We cannot assure you that we will continue to receive such contracts in the future, which may adversely affect our business, results of operations cash flows and financial condition. Any change in qualification criteria, unexpected delays and uncertainties in the tendering process may have an adverse effect on our business. Further, we may face delays in receiving payments from such entities, which may have an impact on our cash flows.

We are subject to risks associated with our products, manufacturing processes and distribution network, owing to the hazardous nature of industrial gases. Failure to manage these operational risks may adversely affect our business, results of operations, cash flows and financial condition.

We are subject to strict quality requirements, regular inspections and audits, and sales of our products is dependent on our quality controls and standards. Any failure to comply with quality standards may adversely affect our business prospects and financial performance, including cancellation of existing and future orders.

We are required to obtain, renew or maintain statutory and regulatory permits, licenses and approvals to operate our business and our facilities, and any delay or inability in obtaining, renewing or maintaining such permits, licenses and approvals could adversely affect our business, results of operations, cash flows and financial condition.

Under-utilization of our manufacturing capacities and an inability to effectively utilize our expanded manufacturing capacities could have an adverse effect on our business, results of operations, cash flows and financial condition.

Five of our nine facilities are located in West Bengal. Any adverse developments in the region could impact our manufacturing operations, and consequently, business, results of operations, cash flows and financial condition.