Kiaasa Retail IPO Details
The key details of Kiaasa Retail’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹69.72 Crores |
| Price Range | ₹121 - ₹127 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 2,000 |
| Investment (cut-off price) | ₹2,54,000 |
| Pre IPO Promotor Holding | 71.84% |
| Post IPO Promotor Holding | 50.22% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Kiaasa Retail IPO Timelines
The IPO process for Kiaasa Retail includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
23/02/2026
Start Date25/02/2026
End Date27/02/2026
Refund Initiation27/02/2026
Credit of Shares to Demat Ac02/03/2026
Listing DateKiaasa Retail IPO Lot Size
The Kiaasa Retail IPO has a fixed lot size of 1,000 shares, at an upper price band of ₹127 per share. For retail investors, the minimum and maximum application is 2,000 shares (2 lots) amounting to ₹2,54,000. For Small HNI (S-HNI) investors, the minimum application is 3,000 shares (3 lots) worth ₹3,81,000, while the maximum application is 7,000 shares (7 lots) amounting to ₹8,89,000. Big HNI (B-HNI) investors need to apply for at least 8,000 shares (8 lots), totaling ₹10,16,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2000 | ₹2,54,000 |
| Retail Maximum | 2 | 2000 | ₹2,54,000 |
| S-HNI Minimum | 3 | 3000 | ₹3,81,000 |
| S-HNI Maximum | 7 | 7000 | ₹8,89,000 |
| B-HNI Minimum | 8 | 8000 | ₹10,16,000 |
Kiaasa Retail IPO Subscription Status
The subscription status for Kiaasa Retail IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹ | ₹ | ₹ | ₹ |
Kiaasa Retail IPO Company Financials
Kiaasa Retail reports robust performance in FY2024 with Total Income of ₹85.19 crores, managing expenses at ₹77.33 crores, and achieving a strong PAT (Profit After Tax) of ₹5.74 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹26.75 | ₹25.36 | ₹1.36 |
| FY 2023 | ₹50.18 | ₹46.72 | ₹2.46 |
| FY 2024 | ₹85.19 | ₹77.33 | ₹5.74 |
| FY 2025 (11 M) | ₹107.67 | ₹97.80 | ₹7.38 |
About Company
Kiaasa Retail Limited is an Indian fashion brand established in 2018 and headquartered in Ghaziabad, specializing in women’s ethnic and fusion wear. The brand offers a diverse range of apparel and accessories, including kurtas and kurta sets, suit sets, lehenga sets, salwar kameez, bottoms, dupattas, jewellery, bags, scarves, and footwear. High quality and affordable designs reflect individuality while meeting the evolving fashion needs of Indian women.
The company operates more than 100 exclusive brand outlets across over 70 cities in India, along with a strong online presence to enhance accessibility. Retail operations are managed through FOFO, COCO, and FICO models to ensure efficient network expansion and management. As of February 28, 2025, the organization employed 340 full time employees.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2018 | Textile | Oam Prakassh |
Know Before Investing
Kiaasa Retail IPO Strengths
- Kiaasa Retail grew from early operations to 124 stores in 70 cities with plans for 41 new outlets in FY26 and 20 in FY27 funded by ₹46.4 crore IPO proceeds.
- FOFO, COCO, and FICO models balance capex efficiency with control while leveraging franchisee capital and local market knowledge.
- Targets mass premium segment with quality kurtas, suits, sarees at accessible price points capturing rising women’s apparel formalization.
- Expansion targets high-growth states like Bihar, UP, Rajasthan, Maharashtra expanding beyond current Tier 1/2 presence.
- Average store revenue supports 61 new outlets viability amid improving same-store sales from brand recognition.
- Festival demand, weddings, and daily wear formalization drive 15-20% segment CAGR favoring branded organized players.
Kiaasa Retail IPO Risks
- 61 new stores in 18 months demands flawless site selection, franchise recruitment, and inventory management amid real estate competition.
- FOFO reliance exposes revenue to franchisee performance, compliance, and potential store closures during slowdowns.
- Libas, W for Women, and traditional players pressure pricing, shelf space, and marketing spend effectiveness.
- Festival/wedding peaks create lumpy quarterly performance with lean periods testing working capital resilience.
- Fashion trends and size/color preferences generate markdowns on slow-moving ethnic wear stock.
- Current store density exposes to regional consumption slowdowns before pan-India diversification completes.
Swot Analysis for Kiaasa Retail IPO
Strengths
Rapid Store Expansion, Brand Acquisitions, Targeted Women's Ethnic Focus
Weaknesses
Aggressive Valuation Concerns, Franchise Model Dependency, Regional Revenue Tilt
Opportunities
Ethnic Wear Formalisation, South India Expansion, Influencer Partnerships
Threats
Intense Competition, Inventory Risks, Franchisee Conflicts
Company Details
Kiaasa Retail Ltd.
1/37, SSGT Road Industrial Area, Ghaziabad, Uttar Pradesh, 201001
Phone: +91-9319008599
Email: cs@kiaasaretail.com
Website: https://kiaasa.com/
IPO Registar Details
Purva Sharegistry (India) Pvt. Ltd.
Phone: +91-022-23018261/ 23016761
Email: newissue@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
FAQs
The key objectives of Kiaasa Retail SME IPO are:
- Expenditure for opening new stores
- General corporate purposes
Expert Global Consultants Pvt. Ltd. is the book-running lead managers for the Kiaasa Retail IPO.
Kiaasa Retail shows strong growth potential driven by rapid revenue expansion to ₹120.7 crore and improving profitability, supported by 124 stores across 70 cities. Aggressive expansion into Tier two and Tier three markets, omni channel presence, and rising demand for affordable ethnic wear provide scalable long term opportunities.
The issue price for the Kiaasa Retail IPO is set between ₹121 to ₹127 per share.
To invest in two lot of Kiaasa Retail IPO, you need ₹2,42,000 at the lower price band (₹121 per share) or ₹2,54,000 at the upper price band (₹127 per share) for a lot size of 2000 shares.
Kiaasa Retail IPO shares are scheduled to be listed on the Bombay Stock Exchange (BSE) on March 2, 2026.
Refund/unblocking of funds for Kiaasa Retail IPO will begin on February 27, 2026. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Kiaasa Retail IPO shares on listing day (March 2, 2026) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.