RSB Retail India Limited IPO

The generated substantially all of its revenue from operations during the last three Fiscals, from the two South Indian states of Andhra Pradesh and Telangana. Consequently, any adverse developments affecting our operations in these states could have an adverse impact on the company's business, results of operations and cash flows.

The company's business is dependent on the sale of women apparel and in particular sarees, which contributed 35.04%, 38.94%, and 38.64% of its revenue from operations for Fiscals 2025, 2024 and 2023, respectively. Any variations in demand and change in customer preferences could have an adverse impact on the company's business, financial condition and cash flows.

The company generated 89.50%, 94.01% and 97.20% of its revenue from operations collectively from South India Shopping Mall and R.S. Brothers format stores during Fiscals 2025, 2024 and 2023, respectively. Accordingly, any disruptions in the operation of South India Shopping Mall and R.S. Brothers format stores may adversely impact the company's sales, cash flows and profitability.

The company's past growth performance may not be indicative of its future growth prospects. The company's inability to effectively manage its growth may have an adverse impact on the company's business prospectus and future financial performance.

The company does not manufacture apparel products sold in the company's stores and relies on suppliers and job workers. Furthermore, the company does not enter into long-term agreements with its job-workers and suppliers, and these counterparties instead supply products to the Company on a non-exclusive basis, based on individual purchase orders.

If the company is unable to anticipate and respond to changes in market demands, fashion trends and customer preferences in a timely and effective manner and maintain an optimal level of inventory, the company's business, results of operations, cash flows and financial condition may be adversely affected.

The company operates in a competitive industry and its business and results of operations may be negatively affected if unable to compete with the company's competitors.

The company is required to obtain, renew or maintain certain statutory and regulatory permits and approvals required to operate the company's business, and if the company fails to do so in a timely manner or at all, or these requirements are made more stringent, the company may be unable to fully or partially operate the company's business, and our results of operations may be adversely affected.

Failures to maintain and enhance our brands and the company's image may have a negative impact on its business and results of operations. Furthermore, the company may incur significant costs in connection with its branding and marketing efforts and some marketing efforts may not be effective in attracting or retaining new customers.

Unexpected interruptions to its business and operations, including on account of supply chain and operational disruptions may adversely impact the company's business, results of operations and profitability.