IPO details · Updated
Kiaasa Retail Limited
- Price Band
- ₹121 – ₹127
- Lot Size
- 1,000 shares
- Min. Investment
- ₹1,27,000
- Issue Size
- ₹69.72 Cr
- Offer Dates
- 23 Feb – 25 Feb 2026
- Listing
- 2 Mar 2026
Issue Details
- Total Issue Size
- ₹69.72 Cr
- 54,90,000 shares
- Fresh Issue
- ₹69.72 Cr
- 54,90,000 shares
- Face Value
- ₹10 per share
- Issue Type
- Book-built IPO
- Listing At
- BSE SME
- Shares Pre-Issue
- 1,27,39,005
- Shares Post-Issue
- 1,82,29,005
IPO Timeline
Offer opens
23 Feb 2026
Offer closes
25 Feb 2026
Allotment
26 Feb 2026
Listing
2 Mar 2026
Issue Allocation
Share of the offer reserved for each investor category
- QIB0.9%52,000 shares
- HNI38.0%20,87,000 shares
- Retail56.0%30,76,000 shares
- Market Maker5.0%2,75,000 shares
Subscription Status
Final subscription figures for this issue are not available yet.
Lot Size & Investment
1 lot = 1,000 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 2,000 | ₹2,54,000 |
| Small HNI (S-HNI) | 3 | 3,000 | ₹3,81,000 |
| Big HNI (B-HNI) | 8 | 8,000 | ₹10,16,000 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Feb-25 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 141.47 | 95.42 | 54.26 | 30.18 |
| Total Income | 107.67 | 85.19 | 50.18 | 26.75 |
| Profit After Tax | 7.38 | 5.74 | 2.46 | 1.36 |
| Net Worth | 39.67 | 12.71 | 2.96 | 0.5 |
| Reserves & Surplus | 34 | 8.21 | 2.46 | 0 |
| Total Borrowing | 25.14 | 15.88 | 21.17 | 15.65 |
Key Performance Indicators
| Period | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| ROCE (%) | 12.02 | 20.34 | 33.23 | 17.94 |
| EPS (₹) | 5.21 | 7.47 | 55.45 | 49.24 |
Peer Comparison
Listed companies in the same business
| Company | CMP | P/E |
|---|---|---|
| Monte Carlo Fashion Limited | ₹670 | 17.11 |
| Kewal Kiran Clothing Limited | ₹553 | 23.59 |
| Purple United Sales Limited | ₹456.75 | 33.61 |
About Kiaasa Retail Limited
Kiaasa Retail Limited is a women’s ethnic and fusion wear brand operating an omnichannel retail model across Tier-1, Tier-2 and Tier-3 cities, with rapid store expansion and asset-light retail formats.
Objects of the Issue
- Opening new retail stores (₹50.37 Cr)
- General corporate purposes
Company Information
Strengths (from RHP)
- Strong leadership and expansion strategy
- Designs aligned with local culture
- Quality-focused brand positioning
Key risks (from RHP)
- Geographical concentration risk
- Lease dependency risk
- Brand reputation risk
- Book running lead managers
- Expert Global Consultants Private Limited
- Registered office
- 1/37, SSGT Road Industrial Area, Ghaziabad, Uttar Pradesh, 201001
- Market maker
- Prabhat Financial Services Limited
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Disclaimer: Data on OpenIPO is for information only and is not investment advice. OpenIPO is not a SEBI-registered entity. GMP figures are unofficial estimates and may change. Verify all details against the company RHP and the official registrar before investing.