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If the company is unable to attract new network partners or retain and grow its relationships with the company existing network partners, its business, results of operations, financial condition, and future prospects would be materially and adversely affected.
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The company major revenue from operation is from fees and commission-based activities and its financial performance may be adversely affected by an inability to generate income from such activities.
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The company business is highly dependent on technology and any disruption or failure of its technology systems may affect the company operations.
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The company is subject to certain obligations and restrictive covenants in the business agreements the company has entered into with third parties. Any failure to comply with these obligations and covenants may have a material adverse effect on its business, prospects, cash flows and financial condition.
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The company require high working capital for its smooth day to day operations of business and any discontinuance or its inability to acquire adequate working capital timely and on favorable terms may have an adverse effect on its operations, profitability and growth prospects.
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The company relies on financial institutions to provide their financial services and products through it, and any failure to maintain its relationships with them could have an adverse impact on the company operations.
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The company operate in dynamic and competitive online fintech sector, which makes it difficult to predict its future prospects.
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The company Entertainment service is seasonal in nature, and may be affected by pandemic such as COVID-19 outbreak, weather conditions, vacations, public holidays and weekends etc. Therefore, a sequential quarter-to-quarter comparison of its results of operations in the company entertainment segment may not be a good indicator of its performance.
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The company Restated Financial Statements are Prepared and Signed by the Peer Review Auditors who is not Statutory Auditors of the Company as required under the provisions of ICDR.
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The COVID-19 pandemic has had, and is expected to have, a material adverse effect on the travel industry and its business, financial condition, results of operations and cash flows.
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The company has and will continue to introduce new products and services and its cannot assure you that such products and services will be profitable now or in the future. Further, the company may not be able to successfully diversify its product and services portfolio or enter into new lines of business, which may adversely affect its business prospects and future financial performance.
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The company investments in human capital and technology may not yield the intended results.
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Failure to offer customer support in a timely and effective manner may adversely affect its relationships with the company customers.
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The company has not received "No Objection certificate" (NOC) from one of the lenders of secured loans to the company.
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The company may be liable to its clients for damages caused by system failures, disclosure of confidential information or data security breaches, which could harm its reputation and cause it to lose clients.
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The company has had negative cash flows from operating activities in the past and may, in the future, experience similar negative cash flows.
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There have been some instances of delays in filing/ incorrect filings/non-filing in the past with the Registrar of Companies (RoC). Further, the Company has not complied with certain statutory provisions under various acts. Such non-compliances/ lapses may attract penalties.
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The company success depends heavily upon its individual Promoters and Directors for their continuing services, strategic guidance and financial support.
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The company funds requirements are based on internal management estimates, wherever possible, and have not been appraised by any bank or financial institution. Any increase in the actual deployment of funds may cause an additional burden on its finance plans. The company has not entered into definitive agreements to utilize its Offer proceeds.
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The company promoter had been disqualified as a director in the past.
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The company do not own the premises in which its registered office is located and the same is on leave and license arrangement. Any termination of such lease / license and / or non-renewal thereof could adversely affect its operations.
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The company is involved in certain legal proceedings, which, if determined adversely, may affect its business and financial condition.
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The company insurance may be insufficient to cover all losses associated with its business operations.
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One of its Promoter has given personal guarantees to its group company and may continue in future.
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There may be potential conflict of interests related to business of the company between the Company and other entities promoted by its directors or Promoter Group Members/ Entities or Subsidiaries.
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The company has issued Equity Shares during the last one year at a price that may be below the Offer Price. Further more, the average cost of acquisition of Equity Shares by its Promoters could be lower than the Offer price.
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The Company does not have any documentary evidence for the Education qualifications and experience of one of its Directors.
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The company has in the past entered into related party transactions and may continue to do so in the future.
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In case of its inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operate the company business it may have a material adverse effect on its business.
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The company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
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The company Promoters and Executive Directors hold Equity Shares in the Company and are therefore interested in the Company`s performance in addition to their remuneration and reimbursement of expenses.
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The company inability to effectively manage its growth or to successfully implement the company business plan and growth strategy could have an effect on its business, results of operations and financial condition.
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The Company has unsecured loans with a total outstanding amount of Rs. 94.01 lakhs as of September 30, 2022, that may be recalled by the lenders at any time.
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The company may be vulnerable to certain operational risk such as credit risk.
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If there is a change in policies related to tax, duties or other such levies applicable to the company, it may affect its results of operations.
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The company may not be able to adequately protect its intellectual property, which could harm the value of the company brand and services and adversely affect its business, financial condition, results of operations, cash flows and prospects.
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The company Promoters and Executive Directors hold Equity Shares in our Company and are therefore interested in the Company`s performance in addition to their remuneration and reimbursement of expenses.
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The company business is substantially affected by prevailing economic, political and other prevailing conditions in India.
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The company has not independently verified certain data in this Red Herring Prospectus.
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The Company`s management will have flexibility in utilizing the Net Proceeds from the Offer. The deployment of the Net Proceeds from the Offer is not subject to any monitoring by any independent agency.
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Any variation in the utilization of the Net Proceeds as disclosed in this Red Herring Prospectus shall be subject to certain compliance requirements, including prior approval of the shareholders of the Company.
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The company has not paid any dividends in the past Financial Years. Its ability to pay dividends in the future will depend upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
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The company will continue to be controlled by its Promoter and Promoter Group after the completion of the Offer, which will allow them to influence the outcome of matters submitted for approval of its shareholders.
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The company Equity Shares have never been publicly traded and may experience price and volume fluctuations following the completion of the Offer, an active trading market for the Equity Shares may not develop, the price of its Equity Shares may be volatile and you may be unable to resell your Equity Shares at or above the Offer Price or at all.
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Rights of shareholders under Indian laws may be more limited than under the laws of other jurisdictions.
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The Offer Price of its Equity Shares may not be indicative of the market price of the company Equity Shares after the Offer and the market price of its Equity Shares may decline below the Offer Price and you may not be able to sell your Equity Shares at or above the Offer Price.
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A third party could be prevented from acquiring control of the Company because of anti-takeover provisions under Indian law.
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The Company will not receive any proceeds from the Offer for Sale portion, and the Promoter Selling Shareholder shall be entitled to the Offer Proceeds to the extent of the Equity Shares offered by them in the Offer for Sale. The company Promoter are therefore interested in the Offer in connection with the Equity Shares offered by them in the Offer for Sale.
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The company may require further equity issuance, which will lead to dilution of equity and may affect the market price of its Equity Shares or additional funds through incurring debt to satisfy our capital needs, which its may not be able to procure and any future equity offerings by the company.