Identixweb Ltd IPO

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.