Infrax Renewable Ltd IPO

Established track record for execution of solar EPC solutions.

Strong relationship with customers.

Wide range of our products.

Financial Stability Through the PPA Model.

Established relationship with suppliers.

Dealership network and presence in across various states.

Strategic location of our warehouses and branch offices.

The companys business is dependent on the continued availability of government policies, subsidies, incentives and other supportmechanisms applicable to the solar sector. Any withdrawal, reduction, delay, adverse regulatory development orunfavourable modification of such policies, subsidies or incentives may adversely affect demand for its products andservices, impact profitability, and consequently have a material adverse effect on the companys business, results of operations,cash flows and financial condition.

The company depends on its dealers for a significant portion of the companys revenue, and any decrease in revenues or sales from any oneof its dealers may adversely affect the companys business and results of operations.

The company generates its major portion of turnover from the company operations in certain geographical regions and any adversedevelopments affecting its operations in these regions could have an adverse impact on the companys revenue and results ofoperations.

The companys business is dependent on the sale of its products and providing rooftop and ground-mounted solar projects servicesto certain key customers. The loss of any of these customers or loss of revenue from sales to these customers could havea material adverse effect on the companys business, financial condition, results of operations and cash flows.

The Company is dependent on limited number of suppliers, within limited geographical locations for procurement ofraw materials and solar products. Any delay, interruption or reduction in the supply of products required for its servicesmay adversely affect the companys business, results of operations, cash flows and financial condition.

The Restated Financial Statements have been provided by Peer Reviewed Chartered Accountants who is not StatutoryAuditor of the Company.

The company does not own the registered office and warehouses from which its carry out the companys business activities. In case of nonrenewalof rent agreements or dispute in relation to use of the said premises, its business and results of operations canbe adversely affected.

Any delay in setting up the proposed manufacturing facility may also result in delays in procurement and installationof machineries and equipments. Further, any cost or time overruns in relation thereto may adversely affect theimplementation of the companys manufacturing operations and could have a material adverse effect on its business, financialcondition, results of operations and growth prospects.

The Company is yet to place orders for the machinery from outside India for the setting up the manufacturing facility.Any delay in placing orders or procurement of such machinery may delay the schedule of implementation and possiblyincrease the cost of commencing operations.

The company is required to obtain certain approvals, licenses, registrations and permissions for operating its business, and anydelay or failures to obtain, renew or maintain necessary such approvals, licenses, registrations and permissions wouldadversely affect the operation of the companys projects.