Neptune Logitek Ltd IPO

Our cargo handling business operations are dependent on container traffic at the various ports such as Kandla Port, Mundra Port, Pipavav Port, Hazira Port, Mangalore Port, Cochin Port, Chennai Port, Tuticorin Port, Kattupalli Port and Vizag Port and other ports. Any decline in the container traffic handled by these ports, lower than anticipated growth or any significant social, political, economic or geological disruption in these regions could have an adverse effect on our business, results of operations and financial condition.

Our cargo handling business and Multimodal business require an efficient transportation network and as such, any inadequacies in reliable transportation infrastructure may have an adverse effect on our business, results of operations and financial condition.

The Company is dependent on a few suppliers for our purchases. The loss of any of these large suppliers may affect our business operations.

We have historically derived a substantial portion of our revenue from a limited number of customers, indicating a high level of customer concentration, which could recur in future periods and adversely impact our business, results of operations, financial condition and cash flows. Loss of one or more of these customers or a reduction in the amount of business we obtain from them could have an adverse effect on our business, results of operations, financial condition and cash flows. Further, we do not have long-term agreements with several of our customers.

The increase in the age of our vehicles and an increase in the prices of vehicles may adversely affect our business and results of operations.

Our inability to manage our diversified operations may have an adverse effect on our business, results of operations, financial condition and cash flows. Failure to improve diversification of our revenue streams exposes us to risk of concentration of revenue from transportation verticals.

We have experienced negative cash flows from operations in the recent past, and we may have negative cash flows in the future.

We may be seriously affected by delays in the collection of receivables from our clients and may not be able to recover adequately on our claims.

Any adverse development affecting the growth of trade volumes and freight rates may have an adverse effect on our business, results of operations and financial condition.

We face challenges in passing on cost increases from third-party service providers to our customers, as well as difficulty in adjusting prices downward to reflect any decline in prices we charge our customers to our third-party service providers.