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A substantial portion of the revenue is generated from its banking partners. The company`s banking partners are regulated by the RBI and any change in the RBI`s policies, decisions and regulatory framework could adversely affect its business, cash flows, results of operations and financial condition.
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The company heavily relies on its front-end network partners, if the company is unable to attract new network partners or retain and grow its relationships with the company`s 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 heavily relies on information technology systems which may be subject to vulnerabilities, disruptions, failures, or data breaches and thus may have the potential to negatively impact both its operations and the company`s reputation. Additionally, its ability to succeed is contingent on the company`s capacity to innovate, update, and adjust to emerging technological advancements.
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The company derives a portion of its revenue from the fee and commission that its charge from the company`s customers against the company`s services. Any failure to earn revenue from such activities may have a negative impact on its financial performance.
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The Company, its Subsidiaries, the company`s Promoters and its Directors are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
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Security breaches and attacks against its tech platform, and any potential breach of or failure to otherwise protect personal, confidential and proprietary information, could damage its reputation and materially and adversely affect the company`s business, financial condition and results of operations.
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The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, any failure to obtain, retain and renew such approvals and licences or comply with such rules and regulations may adversely affect its operations.
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Failures to deal effectively with fraudulent activities may cause harm to its business, and could severely diminish the company`s banking partner and consumer confidence in and use of its platform.
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The company has experienced negative cash flows from operating activities and may do so in the future, which could have a material adverse effect on its business, prospects, financial condition, cash flows and results of operations.
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Its subsidiaries does not own the premises where their registered office is situated.
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The company is bound by specific obligations and restrictive covenants outlined in the business agreements the company has entered with third parties. Failing to adhere to these obligations and covenants could potentially result in a significant negative impact on its business, prospects, cashflows, and financial condition.
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The company faces substantial and increasingly intense competition in the fintech industry. If the company is unable to compete effectively, its business, financial condition, results of operations and prospects would be materially and adversely affected.
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Stringent and changing laws and regulations relating to privacy and data protection could result in claims, harm its results of operations, financial condition, and prospects, or otherwise harm the company`s business.
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The company relies on end consumers using one or more of its services, and are thus vulnerable to changes in consumer preferences and behavior that could adversely affect its profitability and financial condition.
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The company is dependent upon the business experience and skill of its promoters and management personnel. Loss of the company management personnel or its inability to attract or retain such qualified personnel, could adversely affect its business, results of operations and financial condition.
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Sufficient working capital is essential to ensure the seamless daily operation of its business. If, for any reason, there is a disruption or the company encounter difficulties in obtaining the necessary working capital in a timely manner and under favorable terms, it could potentially have a detrimental impact on its operational efficiency, profitability, and prospects for growth.
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The company has availed unsecured loans which are repayable on demand. Any demand for repayment of such unsecured loans, may adversely affect its cash flows.
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Any failures to maintain, protect and enhance its brand and reputation could have a material adverse effect on its business, financial condition and results of operations.
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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.
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A significant majority of its revenues from operations are derived from a limited number of customers.
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The company may not be able to successfully manage the growth of its operations and execute the company`s growth strategies which may have an adverse effect on its business, financial condition, results of operations and future prospects.
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The company has in past entered into related party transactions and its may continue to do so in the future.
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The company has not obtained credit ratings and may not be able to access capital to finance its operations and future growth of the company`s business, which could have a material adverse effect on its business, results of operations, financial condition, cash flows, and future prospects.
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Certain aspects of its operations entail the management of substantial cash volumes, exposing it to operational risks such as employee or network partner misconduct, fraud, petty theft, negligence, and embezzlement. These issues have the potential to negatively impact its financial position and results of operations.
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The company propose to utilize the Net Proceeds to undertake inorganic growth for which the target may not be identified. If Net Proceeds to be utilized towards funding strategic acquisitions and investment are insufficient for the cost of its proposed acquisitions and other strategic initiative, the company may have to seek alternative forms of funding.
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Some of its intended inorganic growth initiatives may not perform as anticipated or commence on time or at all or may be discontinued.
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The company may be unable to sufficiently obtain, maintain, protect, or enforce its intellectual property and other proprietary rights.
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Some of its Group Companies have incurred losses in the previous Fiscals.
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Its management will have broad discretion in how the company apply the Net Proceeds, including interim use of the Net Proceeds, and there is no assurance that the objects of the Issue will be achieved within the time frame expected or at all, or that the deployment of the Net Proceeds in the manner intended by it will result in any increase in the value of your investment.
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Any variation in the utilisation of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders` approval.
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Its Group Company is engaged in activities which is similar to the company`s business. This may be a potential source of conflict of interest for it and which may have an adverse effect on its business, financial condition and results of operations.
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The company may be affected by competition law, the adverse application or interpretation of which could adversely affect its business.
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Its ability to pay dividends in the future will depends upon the company`s future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in its financing arrangements.
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The average cost of acquisition of Equity Shares by its Promoter could be lower than the Issue Price.
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The company depends on its suppliers for the supply of its services and such suppliers could fails to meet their obligations, which may have a material adverse effect on its business, results of operations and financial condition.
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The company has not yet placed orders in relation to the capital expenditure to be incurred for the proposed purchase of Micro ATMs/laptops / servers. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the Micro ATMs/laptops / servers in a timely manner, or at all, the same may result in time and cost over-runs.
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Subsequent to the listing of the Equity Shares, the company may be subject to surveillance measures, such as the Additional Surveillance Measures and the Graded Surveillance Measures by the Stock Exchanges in order to enhance the integrity of the market and safeguard the interest of investors.
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The Equity Shares have never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.
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The Issue price of its Equity Shares may not be indicative of the market price of the company`s Equity Shares after the Issue and the market price of its Equity Shares may decline below the Issue Price and you may not be able to sell your Equity Shares at or above the Issue Price.
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Any future issuance of Equity Shares, or convertible securities or other equity linked securities by the Company may dilute your shareholding and any sale of Equity Shares by its Promoters or members of the company`s Promoter Group may adversely affect the trading price of the Equity Shares.
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Fluctuation in the exchange rate between the Indian Rupee and foreign currencies may have an adverse effect on the value of its Equity Shares, independent of the company`s operating results.
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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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QIB and Non-Institutional Investors are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid.