Justo Realfintech Ltd IPO

Our inability to collect receivables, and defaults in payment from our clients, could result in the reduction in our profits and affect our cash flows.

We derive a significant portion of our revenues from a limited number of clients. The loss of any significant client may have an adverse effect on our business, financial condition, results of operations, and prospects.

Lack of consistency in customers due to the project-based nature of business may adversely affect our revenues, results of operations, and financial condition

We derive a significant portion of our revenues from repeat clients. Any loss of, or a significant reduction in the number of repeat clients could adversely affect our business, results of operations, financial conditions and cash flows.

The number of ongoing projects we have executed in the past, our live mandates and the historical growth rate may not be indicative of the mandates we will execute in the future. Any delays in the execution of our mandates expose us to execution risk and variability in revenue, materiality and adverse impact our revenue from operations, cash flows, financial condition and cash flows.

Our historical mandates, live mandates, and past growth rates may not be reliable indicators of future performance. If the real estate market slows down, our sales pace could decrease. This could result in time overruns and increased costs, which would adversely affect our revenues, profitability, and cash flow.

There have been some instances of non-compliances and/or delay in compliance, with legal or regulatory requirements, including with respect to form filings and intimations under the Companies Act, and with the SEBI, RBI and the BSE and there have been irregularities in a certain regulatory filing made with the RoC under applicable law.

We face significant competition within the real estate mandate industry from Indian companies and local brokers. This competitive landscape may adversely affect our service pricing, profitability, and our capacity to secure new mandates, as well as increase in the costs associated with growing our customer base.

We rely on Channel Partners to provide our services to customers. If our key Channel Partners discontinue working with us for any reason, it can adversely impact our ability to sell properties within the stipulated time.

While we have a presence across Maharashtra, our projects are primarily concentrated in Pune and Mumbai, with certain projects in other locations in Maharashtra. Any changes in policies, laws, regulations, or the political and economic environment in these regions could adversely impact our business, financial condition, and results of operations.