Shree Marutinandan Tubes Ltd IPO

The property used by the Company for the operation purpose of its storage is not owned by it. Any termination of the relevant lease agreement or rent agreement in connection with such property or the company failure to renew the same could adversely affect its operations.

The demand and pricing in the steel industry is volatile and are sensitive to the cyclical nature of the industries it serves. A decrease in steel prices may have adverse effect on the company business, results of operations, margins and financial condition.

The company generate a substantial portion of revenue from Gujarat Region. Any adverse developments affecting its operations in the Gujarat Region could have an adverse impact on the company revenue and results of operations.

The company Revenue from Black pipe/MS Pipe and Structural Pipe contribute significantly to its revenue from operation. Any loss of business from such product may adversely affect the company revenues and profitability.

The company Peer Review Auditor and Statutory Auditor of the Company are not same.

The company has had certain inaccuracy in relation to regulatory filings to be made with the RoC and the company has made non-compliances of certain provision under applicable law.

The company success depends largely upon the services of the Promoters, Managing Directors and other key managerial personnel and its ability to attract and retain them.

The company is dependent upon few suppliers for the material requirements of its trading business. Loss of any of the company suppliers or a failure by its suppliers to deliver the products may have an adverse impact on the company ability to continue its operations without interruption and the company ability to deliver the products to its customers without any delay.

The Company is dependent on third party transportation providers for the delivery of its products and any disruption in their operations or a decrease in the quality of their services could affect the Company's reputation and results of operations.

The company business requires it to obtain and renew certain registrations, licenses and permits from government and regulatory authorities and the failure to obtain and renew them in a timely manner may adversely affect its business operations.