Kiaasa Retail Limited IPO

Kiaasa Retail Limited IPO

SME BSE SME 100% Book Built Offer
Closed

Price Band

₹121 - ₹127

Total Issue

₹69.72 Cr

Bid Dates

23 Feb - 25 Feb

Subscription

1.99x

Est. GMP

₹0 (0.00%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Kiaasa was originally incorporated as “Kiaasa Retail LLP” in 2018 and was subsequently converted into a private limited company in 2022 under the name “Kiaasa Retail Private Limited.” The Company operates as an ethnic wear brand catering exclusively to women, offering a diverse portfolio comprising salwar kameez, lehengas, footwear, jewellery, bags and scarves. Its product range is designed to address the evolving fashion preferences of Indian women by combining quality, affordability and contemporary styling. Kiaasa operates through a network of exclusive brand outlets along with an online platform, enabling multi-channel accessibility and wider customer reach across markets.

Lot Info

Lot Information for Kiaasa Retail IPO
Category Lots Shares Amount
Individual (Min) 2 2,000 ₹2,54,000
Individual (Max) 2 2,000 ₹2,54,000
S-HNI (Min) 3 3,000 ₹3,81,000
S-HNI (Max) 7 7,000 ₹8,89,000
B-HNI (Min) 8 8,000 ₹10,16,000
Market Maker
2,75,000 EQ. Shares
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹69.72 Cr
Fresh Issue
₹69.72 Cr (0.55 Cr Shares)
Offer For Sale
₹0.00 (0.00 Shares)

Objects of the Issue

A1

₹B1 Cr

A2

₹B2 Cr

A3

₹B3 Cr

Grey Market Premium

GMP ₹0
Est. Price ₹127
Est. Gain 0.00%

Kiaasa Retail IPO Peer Comparison

(Rs. in crores)

Kiaasa Retail IPO Peer Comparison Table
Particulars Kiaasa Retail Monte Carlo Kewal Kiran Clothing Purple United
Revenue 120.68 1,100.41 1,002.77 103.13
PAT 8.38 81.17 149.19 10.47
EPS (₹) 6.58 39.15 23.44 13.59
NAV (₹) 31.93 40.23 13.31 6.30
RONW 20.60% 9.73% 18.20% 17.30%
EBITDA 12.84% 20.14% 23.93% 20.10%
PAT Mrgn 6.94% 7.38% 14.88% 10.16%
PE Ratio 17.00 17.11 23.59 33.61
Debt to Equity 0.70 0.62 0.20 0.68

All information pertains to FY 2024-25. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of October 06, 2025 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Kiaasa Retail IPO
Particulars Sep-25 Mar-25 Mar-24 Mar-23
Revenue 57.92 120.68 85.04 50.04
PAT 6.64 8.38 5.74 2.46
Net Worth 47.31 40.67 12.71 2.96
Borrowings 43.03 28.67 15.88 21.17
Assets 181.81 144.30 95.42 54.26
NAV (₹) 37.14 31.93 28.23 59.27
EPS (₹) 5.21 7.47 4.51 1.93

KPIs

EBITDA

12.84%

PAT

6.94%

ROE

20.60%

ROCE

20.34%

Debt to Equity

0.70

PE Ratio

17.00

PB Ratio

3.98

Mkt Cap (in Crs.)

231.51

  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

71.84%

Public

28.16%

Om Prakash 31.51%
Amit Chauhan 31.51%
Others 8.82%

Management

Om Prakash Chairman & MD
Sumit Agrawal CFO

Registrar & Lead Managers

Registrar

Purva Share Registry

Purva Share Registry

Lead Managers (1)

Expert Global Consultants Expert Global Consultants

Subscription Status

Updated as on 25 Feb 2026 | 06:58:37 PM

BSE SME Subscription Status for Kiaasa Retail IPO
Category Sub (x) Offered Bids
QIB 14.98x 52,000 7,79,000
NII 1.16x 20,87,000 24,13,000
bHNI 1.29x 13,91,000 17,88,000
sHNI 0.90x 6,96,000 6,25,000
Individual Investor 2.43x 30,76,000 74,78,000
Total 2.05x 52,15,000 1,06,70,000

Frequently Asked Questions

What is Kiaasa Retail IPO?
Kiaasa Retail IPO is a SME IPO having an issue size of ₹69.72 Crs. Kiaasa Retail IPO is priced at ₹121 - ₹127 per share. The issue opens on 23 Feb 26 and closes on 25 Feb 26.
When will Kiaasa Retail IPO open?
Kiaasa Retail IPO opens on 23 Feb 26 and closes on 25 Feb 26.
What is the GMP of Kiaasa Retail IPO?
The estimated Grey Market Premium of Kiaasa Retail IPO is ₹0 per share (0.00%).
What is the lot size of Kiaasa Retail IPO?
The minimum lot size of Kiaasa Retail IPO is 1000 shares & the minimum application amount is Rs. 127000.
When is the allotment of Kiaasa Retail IPO?
The allotment date of Kiaasa Retail IPO is 26 Feb 26.
What is the listing date of Kiaasa Retail IPO?
The listing date of Kiaasa Retail IPO is 02 Mar 26.
What is the subscription of Kiaasa Retail IPO?
Kiaasa Retail IPO is subscribed 1.99 times.
What is the price band of Kiaasa Retail IPO?
Kiaasa Retail IPO is priced at ₹121 - ₹127 per share.
How to check allotment status of Kiaasa Retail IPO?
Click the allotment link on Kiaasa Retail IPO page of IPO360.
How to apply Kiaasa Retail IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Kiaasa Retail IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Kiaasa Retail IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Kiaasa Retail IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date