Akiko

Risks

• Its top ten customers contribute approximately 93.26% of the company revenues for the financial year ended March 31, 2023. Any loss of business from one or more of them may adversely affect its revenues and profitability.

• The company does not own its Registered Office from which its operate and the same is on rental basis. If the company is required to vacate the same, due to any reason whatsoever, it may adversely affect its business operations.

• The average cost of acquisition of Equity Shares held by its Promoters is lower than the Issue Price.

• The company may not be successful in implementing its business strategies.

• Its logo `The money fair Simplify your finances` is not registered. In case of no registration its brand building efforts may be hampered which might lead to an adverse effect on its business.

• The company has a negative cash flow in some of the previous years, details of which are given below. Sustained negative cash flow could impact its growth and business.

• Its Promoters and members of the Promoter Group will continue jointly to retain majority control over the Company after the Issue, which will allow them to determine the outcome of matters submitted to shareholders for approval.

• Its growth will depends on the company`s ability to build its brand and failures to do so will negatively impact the company`s ability to effectively compete in this industry.

• The company faces competition in its business from domestic competitors. Such competition would have an adverse impact on its business and financial performance.

• The company is dependent on its promoter and senior management and other key personnel, and the loss of, or its inability to attract or retain, such persons could affect its business, results of operations, financial condition and cash flows.

• The company operates in dynamic and competitive online fintech industries, which makes it difficult to predict its future prospects.

• One of its objects of the Offer is to undertake investments in enhancing visibility and awareness of its brands, including but not limited to "Akiko Global" and "Moneyfair". The manner in which such expenditure or investment will be made, or the outcome of such expenditure or investment, is not ascertainable at this stage.

• The proper functioning of its online platform and technology infrastructure is essential to its business. Any disruption to the company`s IT systems and infrastructure could materially affect its ability to maintain the satisfactory performance of its platform and deliver consistent services to the company users.

• Its business generates and processes a large amount of data, and any failures to protect confidential information, prevent cybersecurity and data breaches or improper use or disclosure of such data will materially and adversely affect its business, reputation, financial condition and results of operations.

• Its strategy to expand internationally involve risks that could increase its expenses, adversely affect the company results of operations and require increased time and attention from its management.

• Technology failures or Cyber-attacks or other security breaches could have a material adverse effect on its business, results of operation or financial condition.

• Its insurance coverage may not be adequate to protect the company against all potential losses to which its may be subject and this may have a material effect on the company`s business and financial condition.

• The company is certain statutory and regulatory approvals for its business & proposed premises and the company`s inability to renew or maintain its statutory and regulatory permits and approvals required to operate its business would adversely affect its operations and profitability.

• The Company, Directors and Promoters are not involved but may in the future, be involved in certain legal proceedings, which, if determined adversely, may adversely affect its business and financial condition.

• Its inability to manage growth could disrupt the company`s business and reduce its profitability.

• The company operations could be adversely affected by disputes with employees.

• The company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.

• Delay in making payment of EPF, TDS and GST and Statutory fillings.

• The company has in past entered into "Related Party Transactions" and may continue to do so in the future.

• The geographical concentration of its customer base may restrict the company operations and adversely affect its business, results of operations, and financial conditions in the future.

• The company depends on a limited number of customers for significant portions of its revenues. The loss of one or more of the company significant customers or significant reduction in production and sales of, or demand for its production from our significant customers may adversely affect the company business, financial condition, result of operations and cash flows.

• Its Promoters and Directors may have interest in t the Company, other than reimbursement of expenses incurred or remuneration.

• The Objects of the Issue for which funds are being raised, are based on our management estimates and have not been appraised by any bank or financial institution or any independent agency.

• There is no monitoring agency appointed by the Company to monitor the utilization of the Issue proceeds.

• Interest rate fluctuations may adversely affect the Company`s business.

• Its ability to pay any dividends in the future will depends upon future earnings, financial condition, cash flows and working capital requirements.

• Any future issue of Equity Shares may dilute your shareholding and sales of its Equity Shares by the company Promoters or other major shareholders may adversely affect the trading price of the Equity Shares.

• The Issue Price of its Equity Shares may not be indicative of the market price of the company Equity Shares after the Issue and the market price of its Equity Shares may decline below the Issue Price and you may not be able to sell your Equity Shares at or above the Issue Price.

• There are restrictions on daily movements in the price of the Equity Shares, which may adversely affect a shareholder`s ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.

• Industry information included in this Red Herring Prospectus has been derived from industry sources. There can be no assurance thatsuch third-party statistical, financial and other industry information is complete, reliable oraccurate.

• You will not be able to sell immediately on Stock Exchange any of the Equity Shares you purchase in the Issue until the Issue receives appropriate trading permissions.

• QIBs and Non-Institutional Bidders are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid and Retail Individual Investors are not permitted to withdraw their Bids after Bid/Issue Closing Date.

• After this Issue, the price of the Equity Shares may be highly volatile, or an active trading market for the Equity Shares may not develop.

• Certain data mentioned in this Red Herring Prospectus has not been independently verified.

• No prior performance indicator.

• If the company is unable to recruit, train and retain qualified personnel, its business may be materially and adversely affected.

• Delay in paying wages.