Mahendra Realtors & Infrastructure Ltd IPO

Our Top 10 customers contribute more than 50% of the revenue in the all three financial years. The loss of any one or more of our major customers would have a material adverse effect on our business, cash flows, results of operations and financial condition. Further, we generally do business with our customers on a Work order basis and do not enter into long-term contracts with them. Our inability to maintain relationships with our customers could have an adverse effect on our business, prospects, results of operations and financial condition.

Our revenues largely depend on acceptance of the bids submitted to the Government and Government Departments. Our performance could be affected in case majority of the bids are not accepted / awarded to us or we quote a lower bid value.

Our construction, interior / structural repairs & restoration/ retrofitting projects may be delayed, modified or cancelled for reasons beyond our control which may materially and adversely affect our business, financial condition and results of operation.

The geographical concentration of our customer base may restrict our operations and adversely affect our business, results of operations, and financial conditions in the future.

Increase in competition in the Indian real estate sector may adversely affect profitability.

Our top ten suppliers contribute significant part of our purchases. Any loss of business with one or more of them may adversely affect our business operations and profitability.

Our Company, Promoters, and Directors are not involved in certain legal and regulatory proceedings except as disclosed below. Any future litigation may have a material adverse effect on our business.

Our business is manpower intensive and we are dependent on the supply and availability of a sufficient pool of contract labourers from sub-contractors at our project locations. Unavailability or shortage of such a pool of contract labour or any strikes, work stoppages, increased wage demands by workmen or changes in regulations governing contractual labour may have an adverse impact on our cash flows and results of operations.

The profits from our projects are difficult to predict and are not comparable at all.

Projects undertaken through a joint venture may be delayed on account of the performance of the joint venture partner or, in some cases, significant losses from the joint venture may have an adverse effect on our business, results of operations and financial condition.