Neelkanth Realtors Limited IPO

The strength of the "Neelkanth" brand is crucial to its success. The brand "Neelkanth" is also used by the entities of the Bhimjyani Family and its erstwhile partners.

The company business is heavily dependent on the performance of, and the conditions affecting, the real estate sub markets in the Mumbai Eastern Suburbs and Thane City region. Consequently, The company is exposed to risks from economic, regulatory and other changes as well as natural disasters in the Mumbai Eastern Suburbs and Thane City region, which in turn may have an adverse effect on its business, results of operations, cash flows and financial condition.

Inability to complete its Ongoing Projects and Upcoming Projects by their respective expected completion dates or at all could have a material adverse effect on its business, results of operations and financial condition.

Any uncertainty in its title to the company real estate assets could have a material adverse impact on the company current and future revenue.

Significant increases in prices (including for increase in taxes and levies) or shortage of or delay or disruption in supply of, construction materials, contract labour and equipment could adversely affect its estimated construction cost and timelines resulting in cost overruns.

The company has some unsold units among its Ongoing Projects.

The company business is capital intensive and requires significant expenditure for land acquisition or development rights, and is therefore heavily dependent on the availability of real estate financing, which may not be available on terms acceptable to it in a timely manner or at all.

The company inability to identify and acquires land or development rights or shortage of land or a significant increase in cost of land in the regions in which the company operates, may affect its business and growth prospects. Further, the company may not be able to identify risks and liabilities associated with the land which the company may acquires in the future, which may adversely impact its business prospects and financial performance.

The company has not obtained certain approvals for some of its projects, and its required to fulfill certain conditions precedent, which makes it incur additional costs and as a result, have an adverse effect on the company business.

There are certain outstanding litigation proceedings involving the Company, Directors and Promoters an adverse outcome in which, may have an adverse impact on its reputation, business, financial condition, results of operations and cash flows.