Kiaasa Retail IPO
Bookbuilding IPO | ₹70.00 Cr | Listing at BSE SME
Closed
IPO Open
Mon, Feb 23, 2026
IPO Close
Wed, Feb 25, 2026
Price Band
₹121.00 to ₹127.00
Market Cap (Pre-IPO)
-
IPO Details
| IPO Date | Feb 23, 2026 to Feb 25, 2026 |
| Listing Date | Tentative: Mar 02, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹121.00 to ₹127.00 |
| Lot Size | 1000 Shares (Minimum: ₹127,000.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Issue Size | ₹70.00 Crores |
| Total Shares Offered | 5,490,000 shares |
| Offer For Sale | 5,490,000 shares |
Kiaasa Retail IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not more than 35% of the Net Issue |
| NII Shares Offered | Not more than 15% of the Net Issue |
Kiaasa Retail IPO Lot Size
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | ₹254,000 |
| Retail (Max) | 2 | 2,000 | ₹254,000 |
| S-HNI (Min) | 3 | 3,000 | ₹381,000 |
| S-HNI (Max) | 7 | 7,000 | ₹889,000 |
| B-HNI (Min) | 8 | 8,000 | ₹1,016,000 |
Kiaasa Retail Financial Information (Restated Consolidated)
| Period Ended | 28 Feb 2025 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| 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 |
| EBITDA | - | - | - | - |
| NET Worth | 39.67 | 12.71 | 2.96 | 0.50 |
| Reserves and Surplus | 34.00 | 8.21 | 2.46 | 0.00 |
| Total Borrowing | 25.14 | 15.88 | 21.17 | 15.65 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 73.29% |
| ROCE (Return on Capital Employed) | 33.23% |
| Debt/Equity | 1.25 |
| RoNW (Return on Net Worth) | 45.19% |
| PAT Margin (Profit After Tax Margin) | 6.75% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 71.84% | 50.22% |
Company Promoters
- Mr. Om Prakash and Mr. Amit Chauhan are the promoters of the Company.
Company Overview
Kiaasa Retail – Company Overview
- Established in 2018; Indian fashion brand specialising in women’s ethnic and fusion wear.
- Headquartered in Ghaziabad, India, with a strong retail presence across the country.
- Operates 100+ stores across 80+ cities in India, expanding its footprint in the organised ethnic wear market.
- Offers a wide range of women’s ethnic apparel, including:
- Kurtas & Kurta Sets
- Suit Sets
- Lehenga Sets
- Bottoms & Dupattas
- Salwar Kameez
- Footwear, Jewellery, Bags & Scarves
- Focuses on affordable, high-quality fashion designed to reflect individuality and modern Indian style.
- Operates through exclusive brand outlets (EBOs) and online platforms, ensuring omnichannel accessibility.
- Currently has 113 brand outlets in 70 cities, along with a growing digital presence.
- Retail expansion supported by three business models:
- FOFO (Franchise Owned Franchise Operated)
- COCO (Company Owned Company Operated)
- FICO (Franchise Invested Company Operated)
- As of February 28, 2025, the company had 340 full-time employees.
- Positioned as a growing player in India’s women’s ethnic wear and fashion retail segment.
Company Strengths
- Strong Leadership and Fast Growth.
- Designs That Connect with Local Culture.
- Strict Quality Checks for Every Product
- Affordable Prices Without Compromising Quality
Use of Proceeds
| 1) | Expenditure for opening new stores | 50.37 |
| 2) | General corporate purposes |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Quick Info
| Sector | Textiles, Yarn, Cotton & Spinning |
| Exchange | BSE SME |
Important Dates
| IPO Open | Feb 23, 2026 |
| IPO Close | Feb 25, 2026 |
| Allotment Date | Feb 26, 2026 |
| Credit to Demat | Feb 27, 2026 |
| Listing Date | Tentative: Mar 02, 2026 |
Lead Manager(s)
Expert Global Consultants Pvt.Ltd.
Registrar
Purva Sharegistry (India) Pvt.Ltd.
91-022-23018261/ 23016761
Description
- IPO Type: Kiaasa Retail IPO is a book build issue worth ₹69.72 crores, comprising entirely a fresh issue of 0.55 crore equity shares.
- IPO Opening & Closing Dates: The IPO opens on February 23, 2026 and closes on February 25, 2026, providing a three-day subscription window.
- Allotment Date: The basis of allotment is expected to be finalized on February 26, 2026.
- Listing Platform: Shares are proposed to be listed on the BSE SME with a tentative listing date of March 2, 2026.
- Price Band: The IPO price band is fixed at ₹121 to ₹127 per equity share.
- Lot Size: The minimum application lot size is 1,000 shares.
- Retail Investment Requirement: Retail investors must apply for a minimum of 2,000 shares, amounting to approximately ₹2,54,000 at the upper price band of ₹127 per share.
- HNI Investment Requirement: High Net-worth Individuals (HNI) are required to apply for a minimum of 3 lots (3,000 shares), translating into an investment of about ₹3,81,000 at the upper price.
- Investor Insight: The IPO may attract investors tracking SME IPOs, retail sector listings, and BSE SME opportunities, offering exposure to India’s growing organized retail market.