Pride Hotels Limited IPO

Deterioration in the quality or reputation of the company's "Pride" brands could reduce customer confidence and adversely affect occupancy, revenues and future growth.

Dependence on seven-owned hotels for a majority of revenues and profit exposes the company to concentration risks, and any adverse developments in these locations could materially affect its business, cash flows and financial condition.

A large portion of the company's revenue is realised from its Delhi Hotel from our Owned Portfolio for preceding three years. Any adverse development affecting these hotels or the regions in which they operate, may adversely affect the company's business, results of operations, cash flows and financial condition.

66.09%, 65.60% and 64.93% of the company's revenue from operations is derived from the room revenue of seven hotels owned by us forming its Owned Portfolio in Fiscal 2025, Fiscal 2024 and Fiscal 2023, respectively and any adverse developments affecting such room revenue could have an adverse effect on the company's business, results of operations, cash flows and financial condition.

Dependence on food, beverages and banquet revenues exposes the company to risks from changing consumer preferences, rising input costs and regulatory compliance, which could adversely impact profitability and cash flows

Intense competition in the hospitality sector may limit its ability to attract and retain guests, impacting occupancy, average room rates, RevPAR and overall profitability.

Dependence on third-party hotel owners for the company's Managed Portfolio exposes the company to risks of termination, nonrenewal or default, which could adversely impact revenues, cash flows and reputation.

Delays, cost overruns or disruptions in renovation and refurbishment of existing hotels may reduce revenues, increase expenses and adversely impact guest experience, results of operations and financial condition

The company derives a significant portion of its room revenue from corporate accounts, contributing approximately 33.21% of total room revenue, respectively for the Fiscal 2025. Any reduction in demand from such guests could have an adverse impact on the company's business, business, results of operations, cash flows and financial condition.

Risks relating to execution of its expansion plans, including delays, cost overruns or failures to finalize hotel management agreements, could adversely impact the company's growth, revenues and financial condition