Naturewings Holidays Ltd IPO

The travel industry is intensely competitive, and its may not be able to effectively compete in the future.

The COVID-19 pandemic has had, a material adverse effect on the travel industry and its business, financial condition, results of operations and cash flows.

The company is exposed to risks associated with businesses in the geographies that its operate, particularly those in the Bhutan travel industry, including bankruptcies, restructurings, consolidations and alliances of its travel suppliers, the credit worthiness of these service partners, and the possible obligation to make payments to its travel suppliers.

Its may not be able to adequately control and ensure the quality of travel products and services sourced from its suppliers. If there is any deterioration in the quality of their performance, its customers may seek damages from it and not continue using the company services.

The company relies on third party service providers for a significant portion of its operational services and its business may be adversely affected if they fail to meet its requirements or face operational disruptions.

Any failures to maintain its brand and reputation or protect the company intellectual property could have a material adverse effect on its business.

Any disruption to the supply of air tickets, and reduced demand for hotel accommodation and related services or other travel elements, or an increase in the prices of travel elements could adversely affect its operation, turnover and profitability.

There are certain discrepancies noticed in some of its corporate records relating to forms filed with the Registrar of Companies.

Any negative operating cash flows in the future would adversely affect its cash flow requirements, which may adversely affect its ability to operates its business and implement the company's growth plans, thereby affecting its financial condition.

Outstanding Litigations involving the Company, Promoter, Directors.