Gajanand International Ltd IPO

Its business is subject to seasonal volatility which contributes to fluctuations in the company's results of operations and financial condition.

The company does not have long term contracts with its suppliers and therefore, there may be potential unavailability of raw materials (Supply Chain Risks) in future which may adversely affect its business operations.

Its present promoters of the Company are first generation entrepreneurs.

The Company has negative cash flows from its operating activities, investing activities as well as financing activities in the current and past years, details of which are given below. Sustained negative cash flow could impact its growth and business.

Omission of Some Objects in the Memorandum of Association of the Company.

Its top 5 customers contributed 84.39%, 85% and 98% of the company total revenue from operations for the year ended March 31, 2024, for the year ended March 31, 2023 and for the year ended March 31, 2022. Any loss of business from one or more of them may adversely affect its revenues and profitability.

The company has not entered into any long term or definitive agreements with its customers. If the company customers choose not to source their requirements from it, its business, financial condition and results of operations may be adversely affected.

Its top 5 customers contributed 84.39%, 85%and 98% of the company total revenue from operations for the year ended March 31, 2024, for the year ended March 31, 2023 and for the year ended March 31, 2022. Any loss of business from one or more of them may adversely affect its revenues and profitability.

Its dependence upon transportation services for supply and transportation of the company products are subject to various uncertainties and risks, and delays in delivery may result in rejection of products by customer.

Any adverse movement in the price of the raw material may affect the price of the finished products and affect its profitability.