Taurian MPS Ltd IPO

Dependence on Customer Retention and Irregular Business Frequency.

The Company is dependent on few suppliers for purchase of product. Loss of any of these large suppliers may affect its business operations.

Risk of Unsustainability of PAT Margin Increase in FY 24.

Non-Receipt of No Objection Certificate (NOC) from Lender i.e. SREI Equipment Finance Limited.

Trade receivables form a major part of the current assets and net worth. Failure to manage its trade receivables could have an adverse effect on the company net sales, profitability, cash flow and liquidity.

The company success depends in large part upon its qualified personnel, including the senior management, directors and key personnel and its ability to attract and retain them when necessary.

Its business involves usage of manpower and any unavailability of the employees or shortage of contract labour or any strikes, work stoppages, increased wage demands by workmen or changes in regulations governing contractual labour may have an adverse impact on its cash flows and results of operations.

The company is subject to strict quality requirements and any failure to comply with quality standards may lead to cancellation of existing and future orders, product recalls, product liability, warranty claims and other disputes and claims.

The company operates in a highly competitive industry and increased competition may lead to a reduction in its revenues, reduced profit margins or a loss of market share.

The company is entirely dependent on third-party logistics service providers for the transportation of raw materials and finished products.