Solve Plastic Products Ltd IPO

The Company, Directors, Promoters and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

If the company is unable to successfully implement its proposed expansion plans; its results of operations and financial condition could be adversely affected.

The Company is yet to place orders for the machinery for the expansion of the Manufacturing Facility. Any delay in placing orders or procurement of such machinery may delay the schedule of implementation and possibly increase the cost of commencing operations.

The availability of look-alikes, counterfeit products, primarily in its domestic markets, manufactured by other companies and passed off as its products, could adversely affect the company goodwill and results of operations.

Its revenue is dependent on single business segment i.e. PVC Pipe & Electrical Conduit. An inability to anticipate or adapt to evolving upgradation of these products or inability to ensure product quality or reduction in the demand of these products may adversely impact its revenue from operations and growth prospects.

The Company maintains high level of inventory for uninterrupted production activities.

Substantial portion of its revenues has been dependent upon few customers. The loss of any one or more of its major customers would have a material effect on the company's business operations and profitability.

The company's business is dependent on certain suppliers and the loss of one or more of them would have a material adverse effect on the business.

Its Restated Financial Statements are prepared and signed by the Peer Review Auditor who is not Statutory Auditors of the Company as required under the provisions of ICDR.

The Company had incurred loss in one of the last three financial year. Any losses in future could adversely impact its business, financial condition and results of operations.