Indifra Ltd IPO

The company registered office from where its operate is not owned by it.

The company failure to perform in accordance with the standards prescribed in work order of its client could result in loss of business or compensation payment.

One of its business verticals is a high volume-low margin business.

The company individual Promoters plays key role in its functioning and the company heavily relies on their knowledge and experience in operating its business and therefore, it is critical for the company business that its Promoter and Executive Directors remain associated with it. The company success also depends upon the services of its key managerial personnel and the company ability to attract and retain key managerial personnel and its inability to attract them may affect the company operations.

The company failure to perform in accordance with the standards prescribed in work order of its client could result in loss of business or compensation payment.

The company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.

Its top 10 customers contribute a significant portion of the company revenue from operations.

The Company requires significant amount of working capital for a continued growth. Its inability to meet the company working capital requirements may have an adverse effect on its results of operations.

The Company had negative cash flow from operating activity in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.

The Company has in the past has made certain inadvertent erroneous filings under Companies Act, 2013. Further, there have also been instances where the Company has inadvertently filed incorrect information with the RoC in its statutory filings.