Inox India Ltd IPO

The company's business is dependent and will continue to depend on its three manufacturing facilities. The company is subject to certain risks in its manufacturing processes such as the breakdown or failure of equipment and industrial accidents that could lead to interruptions in its business operations, which may, in turn, adversely affect its production schedules, costs and sales and its ability to meet customer demand.

11.56% and 46.52% of revenue from operation was derived from its largest customer and top 10 customers, respectively, for Fiscal 2023. Cancellation by customers or delay or reduction in their orders could have a material adverse effect on its business, results of operations and financial condition.

An increase in its component or raw material costs, or other input costs, may adversely affect the pricing and supply of its products and have an adverse effect on its business, results of operations and financial condition.

The contracts in its Order Book may be adjusted, cancelled or suspended by its customers and, therefore the company's Order Book is not necessarily indicative of its future revenues or profit.

Cryogen leakage from equipment poses health hazards and its products face inherent risk due high pressures and low temperatures at which many of its cryogenic products are use and the inherent risks associated with concentrated industrial and hydrocarbon gases.

Its manufacturing facilities are located in Gujarat and in in the Union Territory of Dadra and Nagar Haveli exposing it to regulatory and other geography specific risks such as labour unrests, other acts of violence and occurrence of natural and man-made disasters.

The Company does not own the name "INOX" and its inability to comply with the terms and conditions of the Name License Agreement and subsequent termination thereof may adversely impact its business, results of operations and financial condition.

Its exports constituted 62.18% and 45.83% of its revenues from operations in the six months ended September 30, 2023 and in Fiscal 2023, respectively. A slowdown in its exports due to tariffs and trade barriers and international sanctions could adversely affect the company's business, results of operations and financial condition.

Its may be subject to labour unrest, slowdowns and increased wage costs, which may adversely affect its business, results of operations and financial condition.

Certain of its members of the company's Promoter Group have not consented to the inclusion of, nor have they provided, information or any confirmations or undertakings pertaining to themselves, which are required to be disclosed in relation to Promoter Group under the SEBI ICDR Regulations in the Draft Red Herring Prospectus, this Red Herring Prospectus and the Prospectus. Consequently, its cannot assure you that the disclosures relating to such members of its Promoter Group are complete or up-to-date.