Swastika Infra Ltd IPO

Strong project management and execution capabilities

Growing Order Book with Central Government and Multilateral Institution-Funded Projects.

Strong and consistent financial performance.

Asset Light Model.

Experience Promoters, Directors, and Management Team.

Our revenue is majorly concentrated from projects undertaken or awarded by government utilities.Any adverse changes in the government policies may lead to our contracts being foreclosed,terminated, restructured or renegotiated, which may have a material effect on our business and resultsof operations.

Our present orderbook consist large-scale projects. Any delay or impediment to such projects mayhave adverse impact on our financial position.

We enter into related party transactions in the ordinary course of our business and we cannot assureyou that such transactions will not adversely affect our business, results of operations, profitabilityand margins, cash flows and financial condition.

Our credit rating was downgraded during the Fiscal 2022.

Our ability to access capital at attractive costs depends on our credit ratings. Non-availability of creditratings or a poor rating may restrict our access to capital and thereby adversely affect our businessand results of operations. In past, we have been classified as Issue not Cooperating by certain creditrating agencies due to non-renewal of mandate of such agencies.

EPC Power projects are typically awarded to us on satisfaction of prescribed qualification criteria andfollowing a competitive bidding process. Our business and our financial condition may be adverselyaffected if new EPC power projects are not awarded to us or if contracts awarded to us are prematurelyterminated.

We may not be able to adequately protect our intellectual property, which could harm the value of ourbrand and services.

Our ongoing projects are exposed to various implementation risks and uncertainties and may bedelayed, modified or cancelled for reasons beyond our control and in the last three financial years andthe stub period, we have experienced delays in completion of most of our projects.

We have sustained negative cash flows from operating activities in the past and may experienceearnings declines or operating losses or negative cash flows from operating activities in the future.

Our business is subject to seasonal variations and we may not able to accurately forecast our projectschedule which could have an adverse effect on our cash flows, business, results of operations andfinancial condition.