Solve

Expand our Current Business Relationships.

Improving operational efficiencies.

Optimal Utilization of Resources.

Improve capacity utilization.

Enhancing existing production and product quality.

To build-up a professional organization.

The Company, Directors, Promoters and Group Companies 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.

If the company is unable to successfully implement its proposed expansion plans; its results of operations and financial condition could be adversely affected.

The Company is yet to place orders for the machinery for the expansion of the Manufacturing Facility. Any delay in placing orders or procurement of such machinery may delay the schedule of implementation and possibly increase the cost of commencing operations.

The availability of look-alikes, counterfeit products, primarily in its domestic markets, manufactured by other companies and passed off as its products, could adversely affect the company goodwill and results of operations.

Its revenue is dependent on single business segment i.e. PVC Pipe & Electrical Conduit. An inability to anticipate or adapt to evolving upgradation of these products or inability to ensure product quality or reduction in the demand of these products may adversely impact its revenue from operations and growth prospects.

The Company maintains high level of inventory for uninterrupted production activities.

Substantial portion of its revenues has been dependent upon few customers. The loss of any one or more of its major customers would have a material effect on the company`s business operations and profitability.

The company`s business is dependent on certain suppliers and the loss of one or more of them would have a material adverse effect on the business.

Its Restated Financial Statements are prepared and signed by the Peer Review Auditor who is not Statutory Auditors of the Company as required under the provisions of ICDR.

The Company had incurred loss in one of the last three financial year. Any losses in future could adversely impact its business, financial condition and results of operations.

Any increase in the cost of its raw material or other purchases or a shortfall in the supply of its raw materials, may adversely affect the pricing and supply of the company products and have an adverse effect on its business, results of operations and financial condition.

The company operates in a price sensitive industry wherein the purchasing decisions of consumers are highly influenced by the product price. Its inability to continue to offer the company products at competitive prices may adversely affect its business, results of operations and financial condition.

The company faces competition, including from other large and established competitors, and its may fail to compete successfully against existing or new competitors, which may reduce the demand for its Products which may lead to reduced prices, operating margins, profits and further result in decline in revenue.

The company faces competition from substitutes of its products and if consumers` preferences for any of these substitutes increases it could lead to a reduction in the demand for its products, which could have a material adverse effect on the company`s business, financial condition and results of operations.

There are certain discrepancies noticed in some of its corporate records relating to forms filed with the Registrar of Companies.

Demand for its products is closely tied to the levels of residential and non-residential construction activity in India. Any reduction in the activity in one or both of these markets could have a material adverse effect on its business, results of operations and financial condition.

The company is subject to strict quality requirements and are consequently required to incur significant expenses to maintain its product quality. Any failures to comply with such quality standards may lead to cancellation of existing and future orders which may adversely affect its reputation, financial conditions, cash flows and results of operations.

Its continued operations at the company manufacturing facilities are critical to its business and any disruption, breakdown or failures of machinery, disruption to power sources or any temporary shutdown of its manufacturing facility, may have a material adverse effect on its business, results of operations, financial condition and cash flows.

Any failures on its part to effectively manage the company inventory may result in an adverse effect on its business, revenue from manufacturing operations and financial condition.

Non-availability of initial period secretarial/ statutory records of the company filed with ROC since incorporation.

Under-utilization of its manufacturing capacities and an inability to effectively utilize the company existing manufacturing capacities could have an adverse effect on its business, future prospects and future financial performance.

As the company continue to grow, its may not be able to effectively manage the company growth and the increased complexity of its business, which could negatively impact the company brand and financial performance.

Its business operations are majorly concentrated in certain geographical regions and any adverse developments affecting its operations in these regions could have a significant impact on its revenue and results of operations.

The average cost of acquisition of Equity Shares by its Promoters is lower than the Issue Price.

Certain relevant copies of educational qualification and experience certificates of its promoters/Directors are not traceable.

The Company had negative cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.

Its Group Companies have incurred losses in the past and may incur losses in the future.

The company has certain contingent liabilities, which, if materialized, may affect its financial condition and results of operations.

The company does not own the certain premises which its use for the purpose of the company`s business operations.

Orders placed by customers may be delayed, modified, cancelled or not fully paid for by its customers, which may have an adverse effect on the company`s business, financial condition and results of operations.

The company has not entered into any long-term contracts with any of its clients.

The Company is dependent on its Authorized Dealers/Distributors. The loss of any one or more of its major dealers would have a material effect on the company`s business operations and profitability.

The Company has significant portion of Property Plant and Equipment. Any destruction, breakdown, theft of its major plants or equipment or failures to repair or maintain the same may adversely affect its business, cash flows, financial condition and results of operations.

The company has not entered into any definitive agreements with its direct customers/dealers. If the company dealers choose not to buy their products from it, its business, financial condition and results of operations may be adversely affected and the company`s business are on purchase order basis with its customers.

The company appoint contract labour for carrying out certain of its operations and its may be held responsible for paying the wages of such workers, if the contractors through whom such workers are hired default on their obligations, and such obligations could have an adverse effect on its results of operations, cash flows and financial condition.

The shortage or non-availability of power facilities may adversely affect its manufacturing processes and have an adverse impact on the company`s results of operations and financial condition.

Its may be unable to respond to changes in consumer demands and market trends in a timely manner.

General economic and market conditions in India and globally could have a material adverse effect on its business, financial condition, cash flows, results of operations and prospects.

The company could become liable to customers, suffer adverse publicity and incur substantial costs as a result of defects in its products/ services, which in turn could adversely affect the value of its brand, and the company`s sales could be diminished if the company is associated with negative publicity.

The Company has entered into certain related party transactions and may continue to do so in the future.

Its lenders have charge over the company movable properties, book debts, stocks in respect of finance availed by it.

The Company has higher debt-equity ratio which requires significant cash flows to service its debts obligations, and this, together with the conditions and restrictions imposed by its financing arrangements, fluctuations in the interest rates may limit its ability to operate freely and grow the company`s business.

Its insurance coverage may not be adequate to protect the company against certain operating hazards and this may have a material adverse effect on its business.

There have been some instances of delayed filing of returns and depositing of statutory dues with regulatory authorities"

Its Promoters have provided personal guarantees for loans availed by the Company. Its business, financial condition, results of operations, cash flows and prospects may be adversely affected by the invocation of all or any personal guarantees provided by its Promoter.

Its directors and certain Key Management Personnel hold Equity Shares in the Company and are therefore interested in the Company`s performance in addition to their remuneration and reimbursement of expenses.

Information in relation to its installed capacity and capacity utilization of the company manufacturing facility included in this Prospectus is based on various assumptions and estimates, and future production and capacity utilization may vary.

An inability to renew quality accreditations in a timely manner or at all, or any deficiencies in the quality of its products may adversely affect its business prospects and financial performance.

Its operations are subject to high working capital requirements. If the company is unable to generate sufficient cash flows to allow it to make required payments, there may be an adverse effect on its results of operations.

The company`s ability to protect or use intellectual property right may adversely affect its business.

The future operating results are difficult to predict and may fluctuate or adversely vary from the past performance.

Portion of its Issue Proceeds are proposed to be utilized for general corporate purposes which constitute 7.43% of the Issue Proceed.

The company has not made any alternate arrangements for meeting its regular working capital requirements. If the company operations do not generate the necessary cash flow, its working capital requirements may negatively affect its operations and financial performance.

Delays or defaults in payment by its clients could affect the company`s cash flows and may adversely affect its financial condition and operations.

In addition to its existing indebtedness for the company operations, its may be required to obtain further loan during the course of business. There can be no assurance that the company would be able to service its existing and/or additional indebtedness.

Its debt financing agreements contain certain restrictive covenants that may adversely affect the Company`s business, credit ratings, prospects, results of operations and financial condition.

Underutilization of capacity of its facility may adversely affect the company`s business, results of operations and financial conditions.

The company is subject to certain government regulation and if its fail to obtain, maintain or renew the company statutory and regulatory licenses, permits and approvals required to operate its business, the company`s business and results of operations may be adversely affected.

The company is subject to risks arising from interest rate fluctuations, which could adversely affect its business, financial condition and results of operations.

Its success depends largely on the company Directors, Promoters and other key managerial personnel and the loss of or its inability to attract or retain such persons with specialized technical know-how could adversely affect its business, results of operations, cash flows and financial condition.

Its success depends heavily upon the company`s Promoters and Directors for their continuing services, strategic guidance and financial support. Its success depends heavily upon the company Promoters and Directors for their continuing services, strategic guidance and financial support.

If the company is unable to source business opportunities effectively, its may not achieve the company`s financial objectives.

Its 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.

The company may not be successful in implementing its business strategies.

An inability to renew quality accreditations in a timely manner or at all, or any deficiencies in the quality of its products may adversely affect the company`s business prospects and financial performance.

Major fraud, lapses of internal control or system failures could adversely impact the company`s business.

Brand recognition is important to the success of its business, and the company`s inability to build and maintain its brand names will harm the company business, financial condition and results of operation.

There may be potential conflict of interests between the Company, Promoter Group Entities, Group Companies and other venture or enterprises promoted by its promoter or directors.

Upon completion of the Issue, its Promoters / Promoter Group may continue to retain significant control, which will allow them to influence the outcome of matters submitted to the shareholders for approval.

Within the parameters as mentioned in the chapter titled "Objects of this Issue" beginning on page 82 of this Prospectus, the Company`s management will have flexibility in applying the proceeds of this Issue subject to applicable laws. The fund requirement and deployment mentioned in the Objects of this Issue have not been appraised by any bank or financial institution.

Delays or defaults in client payments could affect its operations.

The company`s revenues are highly dependent on clients located in India. Any decline in the economic health of India could adversely affect its business, financial condition and results of operations.

Industry information included in this prospectus has been derived from industry reports. There can be no assurance that such third-party statistical, financial and other industry information is either complete or accurate.

Certain key performance indicators for certain listed industry peers included in this Prospectus have been sourced from public sources and there is no assurance that such financial and other industry information is complete.

The deployment of funds raised through this Issue shall not be subject to any Monitoring Agency and shall be purely dependent on the discretion of the management of the Company.

The requirements of being a public listed company may strain its resources and impose additional requirements.

In the event there is any delay in the completion of the Issue, there would be a corresponding delay in the completion of the objects of this Issue which would in turn affect its revenues and results of operations.

There is no guarantee that its Equity Shares will be listed on the Emerge Platform of National Stock Exchange of India Limited in a timely manner or at all.

The Issue Price of its Equity Shares may not be indicative of the market price of the company Equity Shares after the Issue.

After this Issue, the price of its Equity Shares may be volatile, or an active trading market for its Equity Shares may not be sustained.

The investors will not be able to sell immediately on an Indian stock exchange any of the Equity Shares they purchase in the Issue.

There are restrictions on daily movements in the price of the Equity Shares, which may adversely affect a shareholder`s ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.

Any future issuance of Equity Shares may dilute the investors` shareholdings or sales of its Equity Shares by the company Promoters or Promoter Group may adversely affect the trading price of its Equity Shares.

The Company has not paid any dividends till now and there can be no assurance that its will pay dividends in future.

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.

You may be subject to Indian taxes arising out of capital gains on sale of Equity Shares.

Applicants to this Issue are not allowed to withdraw their Applications after the Issue Closing Date.

Foreign investors may be restricted in their ability to purchase or sell Equity Shares.

The investors may be restricted in their ability to exercise pre-emptive rights under Indian law and may be adversely affected by future dilution of their ownership position.

Rights of shareholders under Indian law may be more limited than under the laws of other jurisdictions. Rights of shareholders under Indian law may be more limited than under the laws of other jurisdictions.

Its Equity Shares are quoted in Indian Rupees in India, and therefore investors may be subject to potential losses arising out of exchange rate risk on the Indian Rupee and risks associated with the conversion of Indian Rupee proceeds into foreign currency.