Himalaya Nutravedics India Ltd IPO

Experienced Promoters and Management Team.

End to end execution capabilities.

Long term Relationship with the Clients.

Quality Assurance & Control.

The company may be unable to sufficiently obtain, maintain, protect, or enforce its intellectual property and otherproprietary rights.

The company derives a significant portion of its revenue from the sale of products in the Ayurvedic products whichconstituted 94.57%, 92.09% and 79.27% of the companys revenue from operations for the Fiscals 2026, 2025 and 2024,respectively. Any reduction in demand for these products could have an adverse effect on its business, resultsof operations, financial condition and cash flows.

The company is dependent on and derives a substantial portion of its revenue from certain key customers. Revenuegenerated from the companys top 10 customers accounted for 81.24%, 86.97%, and 84.19%, of its revenue fromoperations during the Fiscals 2026, 2025 and 2024, respectively. Loss of relationship with any of thesecustomers or delays or reductions in their orders may have an adverse effect on the companys business, results ofoperations, financial condition and cash flows.

The company has historically derived, and may continue to derives, a significant portion of its supply from top 10Suppliers.

The company profitability may be adversely affected upon the expiry of tax benefits available under Section 80-IAC ofthe Income Tax Act, 1961, as applicable under the existing tax regime, and under Section 140 of the IncomeTax Act, 2025, upon such new tax regime becoming effective.

The company operates out of a single Manufacturing Facility, located at Hyderabad, Telangana which exposes itsoperations to potential geographical concentration risks arising from local and regional factors which mayadversely affect the company operations and in turn its business, results of operations and cash flows.

The Company is significantly dependent on the experience, expertise, and continued support of its Promotersfor the growth and development of the companys business, and any loss of their involvement could adversely affect itsoperations and future prospects.

The companys Registered and Corporate Office and Factory is located on the same premise, which is not owned by the companyand has been taken on a long term lease. Disruption of its rights as lessee or termination of the agreement with the companys lessor may adversely impact its operations and, consequently, the companys business, financial condition andresults of operations.

The companys inability to accurately forecast demand for its products and manage the companys inventory may have an adverseeffect on its business, results of operations, financial condition and cash flows.

The companys business is subject to stringent and evolving labelling and regulatory requirements under applicable laws,including those administered by the Food Safety and Standards Authority of India and the Ministry of AYUSH,and any failures to comply may adversely affect the companys business.