Metalic Technoforge Ltd IPO

A significant portion of the company's domestic revenue is derived from customers located in Gujarat, Maharashtra and Uttar Pradesh which accounted for 69.00%, 59.22%%, 78.70%% and 88.73% of its revenue from operations for the period ended on September 30, 2025 and for the financial years ended March 31, 2025, 2024 and 2023, respectively. Any adverse developments in these regions may materially and adversely affect the company's business, financial condition, results of operations and cash flows.

The company depends on a limited number of suppliers for its raw materials and the absence of long-term contractual arrangements with such suppliers exposes the company to supply, quality and pricing risks that could adversely affect its business and financial performance.

The company depends on a limited number of key customers for a substantial portion of its revenue and the absence of long-term contractual arrangements with such customers exposes the company to customer concentration, demand volatility and credit risks that could adversely affect its business and financial performance.

The company's business is dependent and will continue to depends on its manufacturing facility, and the company is subject to certain risks in the company's manufacturing process. Any slowdown or shutdown in its manufacturing operations or strikes, work stoppages or increased wage demands by the company's employees that could interfere with the company's operations could have an adverse effect on its business, financial condition and results of operations.

The company derives significant portion of its revenue from Gears and Transmission Components. The company's profitability, business and commercial success is significantly dependent on its ability to successfully anticipate the industry and customer requirements and utilize the company's resources to enhance and provide our products that efficiently satisfy and meet itsclient's specific requirements in a timely manner. Any failures on the company's part to do so, may have an impact on the reputation of the company's business, which could have an adverse effect on its revenue, reputation, financial conditions, results of operations and cash flows.

The company's operations are dependent on its existing machinery, equipment and technology for critical business functions, and any failures to maintain, repair, upgrade or adapt to technological changes may adversely affect the company's business and results of operations.

The company is dependent on the performance of certain industries in which its customers operate and fluctuations in the performance of such industries may result in a loss of such customers, a decrease in the volume of work the company undertakes or the price at which the company offers its products.,

The company exports its products to various countries and the company's revenue from customers outside India represented 29.66%, 37.72%, 18.57%, and 9.39% of the total revenue from export for the period ended on September 30, 2025 and for the financial years ended March 31, 2025, 2024 and 2023, respectively. The company's international operations expose the company to risks relating to foreign market conditions, geographic concentration, regulatory requirements and foreign exchange fluctuations which could adversely affect its business, financial condition and results of operations.

The company is subject to various laws and extensive government regulations and if the company fails to obtain, maintain or renew the company's statutory and regulatory licenses, permits and approvals required in the ordinary course of its business, including environmental, health and fire safety laws and other regulations, the company's business financial condition, results of operations and cash flows may be adversely affected.

The company has not yet placed orders in relation to the capital expenditure requirements of the Company towards setting up of the proposed Manufacturing Unit IV and upgradation of existing units at manufacturing facility in Rajkot, Gujarat. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the plant and machineries or complete the civil and related works etc. in a timely manner, or at all, the same may result in time and cost over-runs.