Paradeep Parivahan Ltd IPO

There are outstanding legal proceedings involving the Company, Promoters, Directors and Group Companies. Any adverse decision in such proceeding may have a material adverse effect on its business, results of operations and financial condition.

The company lack ownership of the registered office used by the company. Any interference with its entitlements as the licensee/lessee or the cancellation of contracts with its licensors/ lessors could have a negative effect on the company activities and, as a result, its overall business.

Its business demands substantial working capital, and any delays in securing the necessary funds could negatively affect its financial performance.

Its business, growth prospects and financial performance largely depends on its ability to obtain new contracts, and there is no assurance that the company will be able to procure new contracts.

The Company's top 10 customers contribute majority of its revenues from operations for the period ended March 31, 2024. Any loss of business from one or more of them may adversely affect its revenues and profitability.

The company has in the past entered into transactions with related parties and may continue to do so in the future. These or any future related party transactions may potentially involve conflicts of interest and there can be no assurance that the company could not have achieved better terms, had such arrangements been entered into with unrelated parties.

The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.

Its other properties are not owned by it. In the event, the company is unable to renew the lease/rent agreements, or if such agreements are terminated, its may suffer a disruption in the company operations.

The average cost of acquisition of Equity Shares by its Promoter could be lower than the floor price.

The industry in which the company operates has many big players due to which the Company faces a lot of competition from them. This may affect its business operational and financial conditions.