Wise Travel India Ltd IPO

There are outstanding legal proceedings and litigations against and by the Company, its Promoters, its Directors and its Subsidiaries. Any adverse outcome in any of these proceedings may affect its profitability and reputation and may effect on its results of operations and financial condition.

The company has negative cash and cash equivalents generated during the year in the past based on the Restated Financial Statement of the Company and may, in future, experience similar negative cash flows.

Its Registered Office, fleet parking space and branch office premises on Pan India basis are located on leased premises and there can be no assurance that these lease agreements will be renewed upon termination or that its will be able to obtain other premise on lease on same or similar commercial terms.

The Company has a subsidiary namely, PT. WTI Trading & Mining Ventures (Indonesia), Audited Financials are not available with the Company.

The company does not own registered trademark "WTi Intelligent Mobility". Its in ability or failure to protect its trademark may adversely affect its business on account of possible misuse by any third party.

The Company has not complied or delayed in compliances with some statutory provisions of the Companies Act 2013. Such non-compliance and delayed compliance may attract penalties against the company which could impact the financial position of it to that extent.

The Company has obtained Trade License from the local government authority of Bangalore for trade in all food items instead of supply of cab services.

Its inability to receive or renew the necessary licenses, approvals and registrations in a timely manner or at all may lead to interruption of the Company's operations.

The Objects of the Issue for which funds are being raised, are based on its management estimates and any bank or financial institution or any independent agency has not appraised the same. The deployment of funds in the project is entirely at its discretion, based on the parameters as mentioned in the chapter titles "Objects of the Issue".

The company has issued Equity Shares during the preceding twelve months at a price which may be below the Issue Price.