Rulka Electricals Ltd IPO

Its business is dependent on a few customers and the loss of, or a significant reduction in award of contracts by such customers could adversely affect its business.

Its under-construction projects may be subject to cost overruns or delays.

The company requires certain approvals and licenses in the ordinary course of business and the failure to successfully obtain/renew such registrations would adversely affect its operations, results of operations and financial condition.

Majority of its revenue from operations are generated from India. Any adverse development affecting its operations in India could have an adverse impact on its business, financial condition and results of operations.

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

The operation and maintenance of its electrical services involves significant risks that may cause injury to people or property and that may lead to significant disruption to its business and consequent decreases in the company revenues.

The company is subject to performance risk from third-party contractors, and operational risks associated with the engagement of third-party contractors and its employees.

Opposition from local communities and other parties may adversely affect its financial condition, results of operations and cash flows.

Its top ten customers contribute majority of the company revenues from operations. Any loss of business from one or more of them may adversely affect its revenues and profitability.

Its failure to perform in accordance with the standards prescribed in work order of its client could result in loss of business or payment of liquidated damages and any delay in the schedule of its under-construction projects may be subject to cost overruns and can impact its reputation and future projects.