Sunkind India Limited IPO

The company's business is substantially dependent on certain key customers, from whom the company derives a significant portion of its revenues. The loss of any significant customer may have a material and adverse effect on the company's business and results of operations.

The company may be unable to accurately estimate costs under fixed-price EPC contracts, which may increase its construction costs and working capital requirements and thus may have a material adverse effect on the company's financial condition, cash flow and results of operations.

Operational challenges, including potential delays in project completion and an inability to meet quality and performance guarantees under the company's EPC contracts, could materially and adversely affect its financial condition, cash flow, and results of operations by increasing construction costs and working capital requirements.

Increase in the prices of raw materials and labour could have an adverse effect on the company's business, results of operations and financial condition.

The Company is dependent on limited number of suppliers within limited geographical locations for procurement of raw materials. Any delay, interruption or reduction in the supply of raw materials required for the company's products may adversely affect its business, results of operations, cash flows and financial condition.

The company is subject to strict quality requirements and any failures to comply with quality standards may lead to cancellation of existing and future orders and could negatively impact the company's reputation and our business and results of operations and future prospects.

The Company has not placed orders for some of the plant & machinery for our proposed object as specified in the Objects of the Issue. Any delay in placing orders, procurement of plant & machinery may delay our implementation schedule and may also lead to increase in price of these plant & machinery, further affecting our revenue and profitability.

The company does not own the registered office from which the company carry out its business activities. In case of non-renewal of rent agreement or dispute in relation to use of the said premise, the company's business and results of operations can be adversely affected.

The company's historical performance is not indicative of its future growth or financial results and the company may not be able to sustain the company's historical growth rates.

The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the company.