Shayona Engineering Ltd IPO

Substantial portion of our revenues are dependent on few customers and the loss of, or a significant reduction in purchases by any one or more such customers could adversely affect its financial performance.

The Company is subject to export obligations under the EPCG Scheme Non-fulfilment of such obligations may lead to financial liabilities

The company's design and engineering team designs its products as per the specifications provided by the OEMs or Service providers. Any variation from the customer specification may lead to increase in cost or reduce margins.

The company relys significantly on some suppliers for the supply of its raw materials. If these suppliers are unable or unwilling to supply raw materials on time or otherwise fails to meet the company's requirements, the company's business will be harmed. An inability to procure the desired quality, quantity of its raw materials and components in a timely manner and at reasonable costs, or at all, may have a material adverse effect on the company's business, results of operations and financial condition

The company's ability to anticipate changes in consumer preference, and industry trends and to meet customers' demands is a significant factor to remain competitive, any failures to identify and understand the trends may materially adversely affect its business.

Delay in commencement of production at its new plant may adversely impact the company's operations and financial performance.

Non-requirement and Future Applicability of Factory License for Unit-2 (New) located at Survey No. 488, Near Uline Pack LLP & R R Plastic, Por-Kayavarohan Road, Menpura - 391220, Gujarat, India and enhancement of machine capacity in CTO/CTE in the near future.

The Company has experienced negative cash flow in the past and may continue to do so in the future, which could have a material adverse effect on its business, prospects, financial condition, cash flows and results of operations.

The company is affected by the prices, availability, and quality of the raw materials used in the company's production.

There have been instances of delays in payment of statutory dues, that is, GST by the Company. In case of any delay in payment of statutory dues in future by the Company, the regulatory authorities may impose monetary penalties on the company or take certain punitive actions against the Company in relation to the same which may have an adverse impact on its business, financial condition and results of operations.