Thaai Casting Ltd IPO

Its the company is heavily dependent on the performance of the automotive sector in India, particularly the market for four-wheelers in India. Any adverse changes in the conditions affecting these markets can adversely impact its business, results of operations and financial condition.

The company is dependent on the performance of the non-automotive, wind power, construction & instrumentation sector in India, any adverse changes in the conditions affecting these markets can adversely impact its business, results of operations and financial condition.

An increase in the cost of or a shortfall in the availability of raw materials could have an adverse effect on its business, results of operations and financial condition.

The company is heavily dependent on certain suppliers for procurements of raw materials. Any disruption of supply from such entities may affect its business operation.

Its revenues are highly dependent on its operations in geographical region of state of Tamil Nadu. Any adverse development affecting its operations in this region could have an adverse impact on its business, financial condition and results of operations.

The company completed its conversion from a Partnership firm to a public limited company on June 12, 2023. However, the accounts of the partnership firm were subsequently closed on July 31, 2023.

The company depends on third parties for the supply of raw materials and delivery of products and such providers could fail to meet their obligations, which may have a material adverse effect on its business, results of operations and financial condition.

The company is highly dependent on its management team and certain management personnel, Any loss of such team members or the inability to attract or retain research and development personnel may materially adversely affect its business performance and research and development efforts.

Its failure to identify and understand evolving industry trends and preferences and to develop new products to meet its customers' demands may materially adversely affect its business.

Any slowdown or work stoppages at its project sites may have effect on its business, financial condition and results of operations.