Innovatiview India Limited IPO

The company derived 80.70%, 73.58%, 77.91% and 69.20% of its revenue from operations in six months ended September 30, 2024 and Fiscals 2024, 2023 and 2022 respectively, from its top 10 clients. Loss of any of the company key clients, or reduction in revenue earned from such key clients, may have an adverse effect on its business, financial condition, cash flows and results of operations.

The company depends on contracts entered into with government institutions that account for a significant portion of its revenues. The company cannot assure you that such contracts will continue to be awarded to it in future. Failures to be awarded such contracts may adversely affect its business, results of operations, cash flows and financial condition.

The company revenue from operations are primarily concentrated in its examination and event management related services and the company derived 89.44%, 81.37%, 74.27% and 50.89% of its revenue from operations from such solutions in six months ended September 30, 2024 and Fiscals 2024, 2023 and 2022, respectively. Any adverse events affecting the market for examination integrated security solutions may adversely affect its business, results of operations, cash flows and financial condition.

The company relies on its vendor network to offer its services across India, and any failures to maintain the company vendor network, or failures by such vendors to render their services, may adversely affect its business, results of operations, cash flows and financial condition.

The company has a large workforce deployed across examination centres, election control rooms and client premises, and its may be exposed to service related claims and losses, or employee disruptions that could have an adverse effect on the company business, results of operations, cash flows and financial condition.

The company is subject to several labour legislations and regulations governing welfare, benefits and training of its employees. Any increase in wage and training costs could adversely affect its business, results of operations, cash flows and financial condition.

The company inability to attract, train and retain its employees could have an adverse impact on the company business and financial condition.

Any errors or defects in its service or inability to meet expected or agreed service standards within agreed timelines, may lead to claims, deductions, penalties and termination of service, which may adversely affect its business, results of operations, cash flows and financial condition.

The company is subject to risks associated with its contracts, including its ability to correctly assess pricing terms, employee costs and other financial obligations, the increased complexity of its contracts and the potential early termination or change of scope of contracts by clients.

There have been certain omissions in relation to disclosures in its directors' report for Fiscals 2023, 2022 and 2021, resulting in non-compliances under the applicable provisions of the Companies Act, 2013. Its may be subject to regulatory actions and penalties for any such past or future non-compliances and its business, financial condition and reputation may be adversely affected.