Sheel Biotech Ltd IPO

The company depends on government tenders for its revenue of operations. Any unavailability or any failures to secure these tenders in the future may adversely affect the company's business operations and financial conditions.

One of the company's business segment Tissue culture demands the highest level of precautions in quality, storage, and temperature management. Any negligence in these areas can significantly affect its business outcomes.

The company uses the proper techniques in the whole tissue culture process. Any Ineffective sterilization of tools and media can lead to contamination, which would adversely affect the entire culture.

The company's business is subject to seasonal fluctuations that could result in delays or disruptions to its operations during the critical periods of the company's projects and cause severe damage to its premises and equipments.

The Company is involved in certain legal proceedings/litigations. Any adverse decision in such proceedings may render us/them liable to penalties and may adversely affect ist business and result of operations.

The company's success depends largely upon the services of its Directors, Promoters and other Key Managerial Personnel and the company's ability to attract and retain them. Demand for Key Managerial Personnel in the industry is intense and its inability to attract and retain Key Managerial Personnel may affect the operations of the Company.

Any disruption, breakdown or shutdown of its research and development may have a material adverse effect on the company's tissue culture segment, financial condition, results of operations and cash flows.

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

The Company does not own the premises through which the company conducts its business operations.

There have been instances of delay in filing of GST and ESIC returns of the Company. The company may be subject to regulatory actions and penalties for any such delays and its business, financial condition and reputation may be adversely affected.