Majority of its revenues are generated from single customer Shopify Inc. Any adverse development affecting the company operations in this region could have an adverse impact on its business, financial condition and results of operations.
The company Promoters and Directors are involved in certain legal proceedings and potential litigations. Any adverse decision in such proceedings may render it/them liable to liabilities/penalties which may adversely affect its business, financial condition and results of operations.
If the company is unable maintain out growth successfully, its results of operations and financial condition may be adversely affected.
If the company does not successfully anticipate market needs or develop and introduce new solutions that meet users` needs on a timely basis, its may not be able to compete effectively and the company revenue, reputation, financial conditions, results of operations and cash flows may be adversely affected.
Any negative cash flows in the future would adversely affect our cash flow requirements, which may adversely affect our ability to operate our business and implement our growth plans, thereby affecting our financial condition.
Majority of its revenues are generated from single customer Shopify Inc. Any adverse development affecting the company operations in this region could have an adverse impact on its business, financial condition and results of operations.
The company Promoters and Directors are involved in certain legal proceedings and potential litigations. Any adverse decision in such proceedings may render it/them liable to liabilities/penalties which may adversely affect its business, financial condition and results of operations.
If the company is unable maintain out growth successfully, its results of operations and financial condition may be adversely affected.
If the company does not successfully anticipate market needs or develop and introduce new solutions that meet users` needs on a timely basis, its may not be able to compete effectively and the company revenue, reputation, financial conditions, results of operations and cash flows may be adversely affected.
Any negative cash flows in the future would adversely affect our cash flow requirements, which may adversely affect our ability to operate our business and implement our growth plans, thereby affecting our financial condition.
The process of product development is expensive, time-consuming, and uncertain.
Undiscovered software design defects, errors, or failures may lead to a loss of or delay in the market acceptance of our products and services or give rise to liabilities that could significantly and adversely impact our business, financial health, and operational outcomes.
The company intend to develop products under the company and its subsidiary i.e., Munim ERP Private Limited through talent hiring from net proceeds. In case, there is a delay in development of product, such delay can affect its financial position.
The company has not yet entered into any definitive agreement in relation to the hiring of the for the project its intend to fund through the company Net Proceeds in our company as well as its Subsidiary i.e., Munim ERP Private Limited.
The company does not own the registered office and other office premises. Any dispute in relation to lease of its premises would have an adverse effect on the company business and results of operations.
There may be potential conflict of interests between the Company and promoter group entities or enterprises promoted by its Promoters or directors or in which its promoters / directors may be interested.
Any inability to license or incorporate software and technology rights held by third parties in its solutions may adversely impact the company business, financial position, results of operations and cash flows.
Its pricing structures does not accurately anticipate the cost and complexity of performing its work and if the company is unable to manage costs successfully, then certain of its products could be or become unprofitable.
The Company is dependent on few numbers of customers for sales. Loss of any of this large customer may affect its revenues and profitability.
There are certain delay in filing of returns and statutory e-forms with the concerned Registrar of Companies.
Delay/ default in payment of statutory dues may attract penalties and in turn have an adverse impact on its financial condition.
Intense competition in the market for technology services could affect its pricing, which could reduce the company share of business from clients and decrease its revenues and profitability.
Its may need to change the company pricing models to compete successfully.
Failures to offer customer support in a timely and effective manner may adversely affect its relationships with the company customers.
The company is subject to risks associated with expansion into new markets.
Its may be liable to the company clients, vendors and aggregator platforms for any breach of terms or conditions of agreement entered into by it with them, which could harm its reputation and cause the company to lose clients.
The company has entered into a number of related party transactions and may continue to enter into such transactions under AS 18, in the future, and there can be no assurance that the company could not have achieved more favourable terms had such transactions not been entered into with related parties.
Its insurance coverage may not adequately protect the company against certain operating hazards and this may have a material adverse effect on its business.
Changing regulations in India could lead to new compliance requirements that are uncertain. The regulatory environment in which the company operates is evolving and is subject to change.
The company requires certain approvals and licenses in the ordinary course of business, some of the approvals are required to be transferred in the name of identixweb Limited`, the company is yet to update the some of the said registrations and the failures to successfully update such registrations would adversely affect the company operations, results of operations and financial condition.
Within the parameters as mentioned in the chapter titled "Objects of this Issue" of this Red Herring Prospectus, the Company`s management will have flexibility in applying the proceeds of this Issue. The fund requirement and deployment mentioned in the Objects of this Issue have not been appraised by any bank or financial institution.
The company has not identified any alternate source of raising the funds required for the object of the Issue and the deployment of funds is entirely at its discretion and as per the details mentioned in the section titled "Objects of the Issue".
In addition to normal remuneration, other benefits and reimbursement of expenses to its Promoters, Directors, key Managerial Personnel and; they are interested to the extent of their shareholding and dividend entitlement thereon in the Company and for the transactions entered into between the Company and themselves as well as between the Company and its Entities in which the company Directors/ Promoters/KMPs are interested. The Company in future may enter in related party transactions subject to necessary compliances.
The average cost of acquisition of Equity shares by its Promoters is lower than the Issue price.
Its success depends heavily upon the company Promoters, Directors, Key Managerial Personnel and Senior Managerial Personnel for their continuing services, strategic guidance and financial support. Its success depends heavily upon the continuing services of Promoters, Directors, Key Managerial Personnel and Key Managerial Personnel who are the natural person in control of the Company.
Its Promoters and Promoter group will continue jointly to retain majority control over the Company after the Issue, which will allow them to determine the outcome of matters submitted to shareholders for approval.
The company faces competition from both domestic as well as international markets and its inability to compete effectively may have a material adverse impact on its business and results of operations.
There is no monitoring agency appointed by the Company to monitor the utilization of the Issue proceeds.
Industry information included in this Red Herring Prospectus has been derived from industry sources There can be no assurance that such third-party statistical, financial and other industry information is either complete or accurate.
Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by its major shareholders may adversely affect the trading price of the company Equity Shares.
Its ability to pay dividends in the future will depends upon the company future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in its financing arrangements.
The company inability to effectively implement its business and growth strategy may have an adverse effect on the company operation and growth.
Initial public issue of 30,80,000 equity shares of face value of Rs. 10/- each of Identixweb Limited ("Identixweb" or the "Company" or the "Issuer") for cash at a price of Rs. 54/- per equity share including a share premium of Rs. 44/- per equity share (the "Issue Price") aggregating to Rs. 16.63 crores ("the Issue"), of which 1,54,000 equity shares of face value of
Rs. 10/- each for cash at a price of Rs. 54/- per equity share including a share premium of Rs. 44/- per equity share... Moreg to Rs. 0.83 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 29,26,000 equity shares of face value of Rs. 10/- each at a price of Rs. 54/- per equity share including a share premium of Rs. 44/- per equity share aggregating to Rs. 15.80 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 29.50 % and 28.02 %, respectively, of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each.Less
Identixweb FAQ's
The shares of Identixweb were first listed on the stock exchanges on June 26, 2024.
The total issue size of the Identixweb IPO was 1,10,00,000 shares, amounting to Rs. 132 crore. they
The minimum lot size for Identixweb public issue was 125 shares.
The price band of the IPO of Identixweb was Rs. 114 to Rs. 120 per equity share.
Identixweb IPO is a public issue through which the company raised approximately Rs. 132 crore by issuing around 1.1 crore equity shares to the public. After a successful IPO, the company’s shares are currently listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), where they are freely traded without restrictions.
Bigshare Services Private Limited is the registrar and share transfer agent of Identixweb IPO.
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