Mangal Electrical Industries Ltd IPO

Promoters exhibit strong leadership and are supported by experienced senior management.

Exhibition of certain approvals available to selected market players.

Diversified base of customers.

Strong backward and forward integration which ensures operational efficiency.

Proven track record of consistent growth.

The costs of the raw materials that we use in our manufacturing process are subject to volatility due tofactors beyond our control. Increases or fluctuations in raw material prices may have a material adverseeffect on our business, financial condition, results of operations and cash flows.

We are heavily dependent on the performance of the CRGO products and transformer product component.Any adverse changes in the conditions affecting the CRGO products and transformer products market canadversely impact our business, financial condition, results of operations, cash flows and prospects.

Any disruption, breakdown or shutdown of our manufacturing facilities or our original equipmentmanufacturer suppliers may have a material adverse effect on our business, financial condition, results ofoperations and cash flows.

We do not have any direct hedging policy in place for mitigating raw material price fluctuations, particularlyfor CRGO and CRNO coils, which may adversely impact our business, financial condition, results ofoperations, and cash flows.

Our dependence on limited customers and any change in customer composition may adversely impact ourbusiness, financial condition, results of operations, and cash flows.

We depend significantly on contract labor and an inability to access contract labor at reasonable costs atour project sites may adversely affect our business.

We are subject to raw material price volatility, foreign exchange fluctuations which could adversely impactour business, results of operations, cash flows and financial condition.

We do not have definitive agreements for supply of products or raw material with our customers or suppliers.Failure to successfully leverage our supplier/customer relationships and network could adversely affect us.

Failure to protect and enforce our intellectual property rights, including trademarks and brand identity,could adversely impact our business, financial condition, and competitive position.

We depend on third parties for the supply of our raw materials and delivery of products and such thirdparties could fail to meet their obligations, which may have a material adverse effect on our business, resultsof operations, financial condition and cash flows.