N R Vandana Tex Industries Ltd IPO

Wide Geographic Presence.

Strong Distribution Network.

Digital Sales Growth.

Product portfolio.

Supplier network enabling procurement at predicable and competitive pricing, leading to an overall efficient cycle.

Long Standing Relationship with job workers.

Experienced management team with a proven track record.

There are certain outstanding legal proceeding involving its Promoter and Promoter Entities which may adversely affect the company business, financial condition and results of operations.

Its business is highly concentrated on the sale of womens sarees and is vulnerable to variations in demand and changes in consumer preference, could have an adverse effect on its business, results of operations and financial condition.

The company is dependent on job workers for manufacturing of its Products, any disruption to the company operations on account of Job work may have an effect on its business, results of operations and financial condition.

The company Business is dependent on network of wholesalers. The company top ten wholesalers contribute about 25.99%, 17.49% & 16.96% and 24.78% of its revenues from operations for period ended June 30, 2024 and for the year ended March 31, 2024, March 31, 2023 and March 31, 2022. Any loss of business from one or more of them may adversely affect its revenues and profitability.

The company is dependent upon few suppliers for the material requirements of its business. Further, the company does not have definitive agreements or fixed terms of trade with most of its suppliers. Failures to successfully leverage the company relationships with existing suppliers or to identify new suppliers could adversely affect its business operations.

Any disruptions to the supply, or increases in the pricing, of the raw materials and finished products that the company outsource, may adversely affect the supply and pricing of its products and, in turn, adversely affect the company business, cash flows, financial condition and results of operations.

The company relies on its relationships with certain marketplaces and web traffic drivers for sales through its online channel.

The Company is dependent on third party transportation providers for the delivery of raw materials and finished products. Accordingly, continuing increases in transportation costs or unavailability of transportation services for its products, as well the extent and reliability of Indian infrastructure may have an adverse effect on the Companys reputation, business, financial condition, results of operations and prospects.

Its manufacturing activities are labour intensive and depend on availability of skilled and unskilled labourers in large numbers. In case of unavailability of such labourers and / or inability to retain such personnel, its business operations could be affected.

The company does not own the premises in which its manufacturing units and warehouses are located and the same are on lease arrangement. Any termination of such lease/license and/or non-renewal thereof and attachment by Property Owner could adversely affect its operations.