Rapid Fleet Management Services Ltd IPO

The company business is dependent on the road network and its ability to utilize the company vehicles in an uninterrupted manner. Any disruptions or delays in this regard could adversely affect it and lead to a loss of reputation and/ or profitability.

The company business is operating under various laws which require it to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and its inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for the company business operations could materially and adversely affect its business, prospects, results of operations and financial condition.

There are outstanding legal proceedings involving the Company, Promoters and Directors. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

Significant dependence of revenue on Full Load and Exim Services and impact of lack of experience in renewable transportation services.

Majority of its revenues are generated from the State of Tamil Nadu 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 inability to pass on any increase in operating expenses, particularly fuel costs, to its customers which may adversely affect the company business and results of operations.

Claims relating to loss or damage to cargo, personal injury claims or other operating risks that are not adequately insured may adversely affect its business, results of operations and financial condition.

Its Registered Office is not owned by the company. The same is occupied by it on a rental basis. Disruption of its rights as tenant or termination of the agreements with the company landlord would adversely impact its operations and, consequently, the company business.

The company relies on third party service provider for setting and maintenance of the Digitify TMS platform to handle the complete lifecycle of full truck operations, from indent creation to invoicing and any shortcomings in the services they offer could have an impact on the Company's operations.

Its business is highly dependent on technology and any disruption or failures of the company technology systems may affect its operations.