Shakti Polytarp Ltd IPO

The company's business is substantially dependent on revenues from the manufacturing of tarpaulin and the trading of granules, and any inability to retain existing customers or attract new customers for these products may adversely affect its business.

The property used by the company as its registered office and manufacturing facility are not owned by the company. Any termination of the relevant lease/ rent agreements could adversely affect its operations.

Under-utilization of the company's manufacturing facility in earlier periods and any inability to effectively utilize its existing and proposed manufacturing capacity may adversely affect the company's business, future prospects and financial performance.

The company's major revenue is sourced from manufacturing of Tarpulin. Its inability or failures to manage and attract more clients for this product could adversely affect the company's business.

The company will avail capital subsidy under the Madhya Pradesh MSME Promotion Scheme, 2025 in respect of investments made in plant and machinery, the utilisation of which is subject to half yearly monitoring by its Audit Committee. However, there can be no assurance that such subsidy will be received in a timely manner or at all.

The company is dependent on a limited number of customers for a significant portion of its revenues. The loss of a major customer or significant reduction in demand from any of the company's major customers may adversely affect its business, financial condition, results of operations and prospects.

The company had negative cash flows in the past and may continue to have negative cash flows in the future.

the company's Top 10 Suppliers contribute a significant portion of its raw material. Any dispute with one or more of them may adversely affect the company's business operations.

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

Extensive government regulation and the impact of plastics on the environment could have a severe impact on the company's ability to continue its business operations, which could adversely affect the company's business, results of operations and financial condition.