Spinaroo Commercial Ltd IPO

Its 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.

There is a risk in the Procurement and Storage of Aluminium Reels in larger quantity for a longer period without proper protection and suitable environment.

Its ability to anticipate changes in consumer preference, and industry trends and to meet customers' demands is a significant factor to remain competitive, any failures to identify and understand the trends may materially adversely affect its business.

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.

The company has issued Equity Shares in the last 12 (twelve) months at a price which is lower than the Issue Price.

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

The company also deal in trading of machineries related to its industry which is very infrequent and opportunity based resulting into volatility of Revenue from trading segments.

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

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 the company revenue and results of operations.

There are certain instances of delays in the past with ROC/Statutory Authorities.