Kiaasa Retail IPO GMP today is Rs -4. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
SME IPO
KIAASARETAIL
Kiaasa Retail IPO GMP, Subscription & Allotment Status Today
Kiaasa Retail is a SME IPO with a price band of Rs 121.00 to Rs 127.00 that listed on 02 Mar 2026 at a listing gain of -3.15%. Track its full GMP history, subscription data and listing details here.
- Price Band
- ₹121.00 - ₹127.00
- Lot Size
- 1,000 Shares
- Bidding Closes
- 25 Feb 2026
- Listing Date
- 02 Mar 2026
Current GMP Status
₹-4
-3.15% vs upper band
Est. Listing Gain
-3.15%
Last Trend
27 Feb 2026
Listing Price
₹123.00
Retail Entry
₹2,54,000
IPO Details
Complete IPO information
| Current GMP | ₹-4 |
|---|---|
| Estimated Listing Gain | -3.15% |
| Price Band | ₹121.00 - ₹127.00 |
| Issue Price | Approx ₹127.00 Crores |
| Listing Price | ₹123.00 |
| Lot Size | 1,000 Shares |
| Issue Type | SME |
| Registrar | TBA |
| Exchange | NSE, BSE |
| Retail Quota | TBA |
| Overall Subscription | TBA |
| Listing Date | 02 Mar 2026 |
| Minimum Investment | ₹2,54,000 |
Head-to-head
Compare Kiaasa Retail IPO with similar IPOs
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Kiaasa Retail is priced at ₹127 per share. With a minimum lot size of 1,000 shares, a retail investor applying for one lot would need approximately ₹2,54,000 to participate in this SME issue.
The latest recorded Grey Market Premium for Kiaasa Retail stands at ₹-4, implying an estimated listing gain of around -3.15% over the issue price if it holds until listing. This is down ₹26 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
23 Feb 2026
✓
Bidding Closes
25 Feb 2026
✓
Allotment
TBA
✓
Listing
02 Mar 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 27 Feb 2026 | ₹0.00 | -₹26.00 | 0.00% |
| 23 Feb 2026 | ₹26.00 | - | 20.47% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 2,000 | ₹2,54,000 |
| Retail Maximum | 2 Lot | 2,000 | ₹2,54,000 |
| S-HNI Minimum | 3 Lot | 3,000 | ₹3,81,000 |
| S-HNI Maximum | 7 Lot | 7,000 | ₹8,89,000 |
| B-HNI Minimum | 8 Lot | 8,000 | ₹10,16,000 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Analysis
Kiaasa Retail IPO – Key Details
| IPO Open Date | February 23, 2026 |
| IPO Close Date | February 25, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹121 to ₹127 Per Share |
| Issue Size | Approx ₹69.72 Crores |
| Fresh Issue | Approx ₹69.72 Crores |
| Offer for Sale (OFS) | – |
| Issue Type | Book Build Issue |
| IPO Listing | BSE SME |
Analysis
Kiaasa Retail IPO – Market Lot Details
| Retail Minimum | 2 Lots – 2,000 Shares – ₹2,54,000 |
| Retail Maximum | 2 Lots – 2,000 Shares – ₹2,54,000 |
| S-HNI Minimum | 3 Lots – 3,000 Shares – ₹3,81,000 |
| S-HNI Maximum | 7 Lots – 7,000 Shares – ₹8,89,000 |
| B-HNI Minimum | 8 Lots – 8,000 Shares – ₹10,16,000 |
Analysis
Kiaasa Retail IPO – Reservation Details
| QIB (Ex. Anchor) | 50% |
| NII | 15% |
| Retail | 35% |
| Anchor Investor | – |
Analysis
Kiaasa Retail IPO – Anchor Investors
| Anchor Bidding Date | 2026 |
| Shares Offered | – |
| Anchor Size | – |
| Lock-in Period End (50% – 30 Days) | 2026 |
| Lock-in Period End (50% – 90 Days) | 2026 |
Analysis
Kiaasa Retail IPO – Important Dates
| IPO Open Date | February 23, 2026 |
| IPO Close Date | February 25, 2026 |
| Basis of Allotment | February 26, 2026 |
| Refunds | February 27, 2026 |
| Credit to Demat Account | February 27, 2026 |
| IPO Listing Date | March 2, 2026 |
| IPO Bidding Cut-off Time | February 25, 2026 – 5 PM |
Analysis
Kiaasa Retail IPO – Promoters & Holding Pattern
| Promoters | Mr. Om Prakash & Mr. Amit Chauhan |
| Promoter Holding (Pre Issue) | 1,27,39,005 Shares (71.84%) |
| Promoter Holding (Post Issue) | 1,82,29,005 Shares |
Analysis
Kiaasa Retail IPO – Objects of the Issue & Utilisation of Proceeds
| Expenditure for Opening New Stores | ₹50.37 Crores |
| General Corporate Purpose | – |
Analysis
About Kiaasa Retail IPO
Kiaasa Retail, founded in 2018, is one of the leading fashion brands that focuses primarily on women’s ethnic and fusion wear. Incorporated in 2018, the firm runs over 100 stores in more than 80 cities in India. From Kurtas and Kurta Sets, suit sets, lehenga sets, Bottoms, and Dupatta, to Accessories, the firm offers a wide range of women’s ethnic wear. Moreover, the firm also offers a wide range of women’s apparel, footwear, and accessories, including salwar kameez, lehengas, jewellery, bags, and scarves.
Kiaasa retail is known for offering high-quality, affordable products that meet the needs of Indian women’s choices. The company runs its business via 3 models, FOFO (Franchise Owned Franchise Operated), COCO (Company Owned Company Operated), and FICO (Franchise Invested Company Operated). The firm has its presence across 70 cities with 113 brand outlets and a high online presence.
Analysis
Kiaasa Retail IPO – Company Financial Report
| 2022 Revenue | ₹26.75 Cr |
| 2022 Expense | ₹25.36 Cr |
| 2022 PAT | ₹1.36 Cr |
| 2022 Assets | ₹30.18 Cr |
| 2023 Revenue | ₹50.18 Cr |
| 2023 Expense | ₹46.72 Cr |
| 2023 PAT | ₹2.46 Cr |
| 2023 Assets | ₹54.26 Cr |
| 2024 Revenue | ₹85.19 Cr |
| 2024 Expense | ₹77.33 Cr |
| 2024 PAT | ₹5.74 Cr |
| 2024 Assets | ₹95.42 Cr |
| Feb 2025 Revenue | ₹107.67 Cr |
| Feb 2025 Expense | ₹97.80 Cr |
| Feb 2025 PAT | ₹7.38 Cr |
| Feb 2025 Assets | ₹141.47 Cr |
Analysis
Kiaasa Retail IPO Valuation – FY2024
| ROE | – % |
| ROCE | – % |
| EBITDA Margin | – % |
| PAT Margin | – % |
| Debt to Equity Ratio | – |
| Earning Per Share (EPS) | ₹55.45 (Basic) |
| Price / Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 45.19% |
| Net Asset Value (NAV) | ₹28.23 |
Analysis
Kiaasa Retail IPO – Peer Group Comparison
| Monte Carlo Fashion Limited – EPS | ₹28.91 |
| Monte Carlo Fashion Limited – P/E Ratio | 18.58 |
| Monte Carlo Fashion Limited – RoNW | 7.54% |
| Monte Carlo Fashion Limited – NAV | ₹383.41 |
| Monte Carlo Fashion Limited – Income | ₹1,061.91 Cr |
| Kewal Kiran Clothing Limited – EPS | ₹25.00 |
| Kewal Kiran Clothing Limited – P/E Ratio | 18.43 |
| Kewal Kiran Clothing Limited – RoNW | 22.80% |
| Kewal Kiran Clothing Limited – NAV | ₹109.78 |
| Kewal Kiran Clothing Limited – Income | ₹860.50 Cr |
| Purple United Sales Limited – EPS | ₹7.84 |
| Purple United Sales Limited – P/E Ratio | 18.28 |
| Purple United Sales Limited – RoNW | 27.78% |
| Purple United Sales Limited – NAV | ₹26.14 |
| Purple United Sales Limited – Income | ₹42.77 Cr |
Analysis
IPO Lead Managers aka Merchant Bankers
- Expert Global Consultants Pvt. Ltd.
FAQ
Kiaasa Retail IPO FAQs
Kiaasa Retail IPO price band is Rs 121.00 to Rs 127.00. Check the latest issue price, lot size and GMP together before applying.
Kiaasa Retail IPO open date is 23 Feb 2026, close date is 25 Feb 2026, and listing date is 02 Mar 2026.
Kiaasa Retail IPO lot size is 1,000 shares. The minimum retail investment is Rs 2,54,000.
Kiaasa Retail is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Kiaasa Retail IPO subscription status currently shows Subscription data is currently awaited.
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