Wise Travel

Risks

• 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.

• Any variation in the utilization of the Net Proceeds as disclosed in this Draft Red Herring Prospectus shall be subject to certain compliance requirements, including prior shareholders` approval.

• If the company is unable to establish and maintain an effective system of internal controls and compliances, its business and reputation could be adversely affected.

• Intense competition in the market of cab service Industry could affect its pricing, which could reduce its share of business from clients and decrease its revenues and profitability.

• The company does not have long-term agreements with most of its suppliers or customers and the loss of one or more of them or a reduction in their demand for its services could adversely affect its business, results of operations, financial condition and cash flows.

• Its success depends largely upon the knowledge and experience of its Promoters and other Key Managerial Personnel. Any loss of its key managerial personnel or its ability to attract and retain them could adversely affect its business, operations and financial condition.

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

• Its Promoter and Directors may have interest in the Company, Other than reimbursement of expenses incurred or remuneration.

• Its Promoters and members of the Promoter Group will continue jointly to retain majority control over the Company even after the Issue which will allow them to determine the outcome of matters submitted to shareholders for approval.

• Its ability to pay dividends in the future may be affected by any material adverse effect on its future earnings, financial condition or cash flows.

• Third party industry and statistical data in this Draft Prospectus may be incomplete, incorrect or unreliable.

• Its Promoters / Director Controls its Group Companies and its Promoter Group Entities and any default made by the Promoter Group Entities will also impact the Company.

• Its continued success is substantially dependent on the strength of its brand and its reputation.

• Any adverse change in regulations governing its business and business of its clients, may adversely impact its business prospects and results of operations.

• Any failure to comply with financial and other restrictive covenants imposed on it under its financing agreements may affect its operational flexibility, business, results of operations and prospects.

• The company has entered into and may enter into related party transactions in the future also.

• The company face foreign exchange risks that could affect its results of operations.

• Its marketing and advertising campaigns may not be successful in increasing the popularity of its products and offerings. If its marketing initiatives are not effective, this may adversely affect its business and results of operations.

• The company face 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.

• Its operating results could be adversely affected by weakening of economic conditions due to lock-down in all parts of India and other parts of world due to pandemic covid-19, or similar unforeseen events.

• The company is exposed to the risk of delays or non-payment by its clients and other counterparties, which may also result in cash flow mismatches.

• Its business is substantially affected by prevailing economic, political and other prevailing conditions in India.

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

• Its Equity Shares have never been publicly traded and may experience price and volume fluctuations following the completion of the Issue, 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 Issue Price or at all.

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

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

• A third party could be prevented from acquiring control of the Company because of anti-takeover provisions under Indian law.

• The requirements of being a listed company may strain its resources and distract management.

• The company may requires 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 its capital needs, which its may not be able to procure and any future equity offerings by it.