Rajesh Power Services Limited - IPO

1. Consistent Financial Performance.

2. Business execution expertise and Strong Order Book of 2,35,817.40 Lakhs.

3. Exploring opportunities to expand business offerings in renewable energy (Solar Energy and Hydrogen Electrolysers).

1. Our revenues largely depend on acceptance of the bids submitted to the Government and other agencies. Our performance could be affected in case majority of the bids are not accepted / awarded.

2. Our company is engaged in Engineering, Procurement, and Construction (EPC) activity which is working capital intensive.

3. Expansion of Solar Business is at initial stage.

4. There are outstanding legal proceedings involving our Company which may adversely affect our business, financial condition and results of operations.

5. Our company may incur penalties or liabilities for non-compliance or delay in compliance with certain provisions of GST Act, Income tax and other applicable laws in the last Three years.

6. Our Company has incurred penalties or liabilities for non-compliances with certain provisions of the Companies Act and other applicable laws in the last three Years.

7. One of our objects of the Offer is to set up 1300 Kw DC Solar Plant. We do not own the land in which our proposed Solar Plant is going to be set up and the same are on lease arrangement with family members of promoter. Any termination of such lease and/or non-renewal thereof and attachment could adversely affect our operations.

8. We are at an early stage to develop expertise in Hydrogen Electrolyser and it majorly depends upon the execution and implementation of the project as per our plan as it is a long-term project.

9. Our business is manpower intensive and any unavailability of our employees or shortage of contract labour or any strikes, work stoppages, increased wage demands by workmen or changes in regulations governing contractual labour may have an adverse impact on our cash flows and results of operations.

10. Our failure to perform in accordance with the standards prescribed in work order of our client could result in loss of business or payment of liquidated damages and any delay in the schedule of our under-construction projects may be subject to cost overruns and can impact our reputation and future projects.