Jay Kailash Namkeen Ltd IPO

The company has a limited operating history and may be subject to risks inherent in early-stage companies, which may make it difficult for investors to evaluate its business and prospects.

The company is being promoted by a first-generation entrepreneur.

The company does not own the premises in which its registered office and manufacturing facility is located and the same is on leave and license arrangement. Any termination of such license and nonrenewal thereof could adversely affect its operations.

There has been an instance of delay in payment of statutory dues and filing of statutory returns by the Company.

Its inability to create, expand and effectively manage the company distribution network may have an adverse effect on its business, results of operations and financial condition.

The company may not be successful in its B2C line of business.

The company does not have long term agreements with suppliers for its raw materials and an increase in the cost of or a shortfall in the availability of such raw materials could have an adverse effect on its business, results of operations and financial condition.

The company had previously filed for Initial Public Offer on National Stock Exchange of India on February 11, 2023 and the same was withdrawn on April 23, 2023. Further, the Company had filed Red Herring Prospectus on August 25, 2023 with BSE SME Platform and the same was withdrawn on December 28, 2023.

Under-utilization of its production capacities could have an adverse effect on the company business, future prospects and future financial performance.

Failure to develop, launch and market new products due to unpredictable consumer preferences may have a material adverse effect on its business, results of operations, profitability and financial condition.