SSBA Innovations Limited IPO

Certain of its corporate filings and records have errors. The company cannot assure that regulatory proceedings or actions will not be initiated against it in the future and the company will not be subject to any penalty imposed by the competent regulatory authority in this regard.

The company has recently launched a new platform, Finbingo and its cannot assure you if the company will be able to attract Users and/or maintain its revenue generated from this platform.

If the companyis unable to attract new Users and Customers to its platform, retain and grow the company relationships with its existing Users or Customers, its business, results of operations, financial condition, cash flows and prospects could be adversely affected.

The company efforts to acquire new Users and retain existing Users may not be successful or may be more costly than its expect, which could prevent it from maintaining or increasing the company revenue.

The seasonality of its business affects the company quarterly results and places an increased strain on its operations.

The company Registered Office is owned by its Group Company from whom the company has taken on leave and license basis. There can be no assurance that the leave and license agreement will be renewed upon termination or that its will be able to obtain other premises on leave and license on same or similar commercial terms.

The company operate its business through the company logo which is not registered with the Trademark Registry. Further, any inability to protect its intellectual property or know-how from third party infringement may adversely affect its business and prospects.

Its Registered Office is not insured and if the company incur any loss/damage to the premises it would have an adverse effect on its financial conditions, results of operation and cash flows.

Net Proceeds from the Offer are proposed to be utilised over a period of three financial years, in case the products/services are not procured/ availed immediately, there might be an increase in quotation from the vendors/service providers, it may affect its ability to implement the strategy. Also, the benefits to be reaped from implementing such strategy might not be immediate and its may face some delay.

There are certain outstanding legal proceedings involving the Company, Promoters and its Directors Failure to defend these proceedings successfully may have an adverse effect on its business prospects, financial condition, results of ongoing operations and reputation.