Polymatech Electronics Limited IPO

Any disruption, slowdown or shutdown in its manufacturing or research and development operations could adversely affect its business, financial condition, cash flows and results of operations.

The company is dependent on, and derives a substantial portion of its revenue from a few customers. In the Fiscal 2023, Fiscal 2022 and Fiscal 2021, the top five customers accounted for 61.99%, 65.78%% and 72.70%, respectively, of its restated revenue from operations. Cancellation by its top customers or delay or reduction in their orders could have a material adverse effect on its business, results of operations and financial condition.

The compqny is highly dependent upon the technical knowhow, experience and skill of its Board of Directors and its Key Managerial Personnel. If the company is unable to attract or retain such qualified personnel, this could adversely affect its business, results of operations and financial condition.

Any delay, interruption or reduction in the supply of its raw materials from its third-party suppliers and manufacturers, or an increase in the costs of such raw materials may adversely impact the pricing and supply of its products and have an adverse effect on its business, financial condition, cash flows and results of operations.

Its inability to successfully implement its business plan, expansion and growth strategies could have an adverse effect on its business, financial condition, cash flows and results of operations.

Being India's first Opto-semiconductor Chips manufacturers expose it to certain risks. If its unable to effectively manage its operations or pursue its growth strategy, the company's business, financial condition, results of operations and prospects may be adversely affected.

Its may not be able to protect its brand name and trademarks.

The company has not entered into any definitive arrangements to utilize certain portions of the Net Proceeds of the Issue. Its funding requirements and deployment of the Net Proceeds of the Issue are based on management estimates and have not been independently appraised.

Its manufacturing process requires certain temperature, high level of cleanliness and accuracy.

The company is dependent on its R&D activities for its future success. If the company does not successfully develop new products in a timely and cost-effective manner, its business, results of operations and financial condition may be adversely affected.