Kiaasa Retail
listed
SME IPO
₹-4.00
(-3.15%)
Table of Contents
- 01 IPO Description
- 02 IPO Parameters
- 03 IPO Roadmap
- 04 GMP History
- 05Kiaasa Retail IPO Market Lot
- 06 Kiaasa Retail IPO – Key Details
- 07 Kiaasa Retail IPO – Market Lot Details
- 08 Kiaasa Retail IPO – Reservation Details
- 09 Kiaasa Retail IPO – Anchor Investors
- 10 Kiaasa Retail IPO – Important Dates
- 11 Kiaasa Retail IPO – Promoters & Holding Pattern
- 12 Kiaasa Retail IPO – Objects of the Issue & Utilisation of Proceeds
- 13 About Kiaasa Retail IPO
- 14 Kiaasa Retail IPO – Company Financial Report
- 15 Kiaasa Retail IPO Valuation – FY2024
- 16 Kiaasa Retail IPO – Peer Group Comparison
- 17 IPO Lead Managers aka Merchant Bankers
IPO PARAMETERS
PRICE BAND
121.00 - 127.00
LOT SIZE
1000 Shares
INVESTMENT
₹2,54,000
IPO ROADMAP
BIDDING STARTS
23 Feb 2026
2
BIDDING ENDS
25 Feb 2026
3
ALLOTMENT
TBA
4
LISTING
02 Mar 2026
Grey Market Premium HISTORY
| Date | GMP (₹) | Daily Change | Gain (%) |
|---|---|---|---|
| 27 Feb 2026 | ₹0.00 | -₹26.00 | 0.00% |
| 23 Feb 2026 | ₹26.00 | - | 20.47% |
Kiaasa Retail IPO MARKET LOT
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2,000 | ₹254,000 |
| Retail Maximum | 2 | 2,000 | ₹254,000 |
| S-HNI Minimum | 3 | 3,000 | ₹381,000 |
| S-HNI Maximum | 7 | 7,000 | ₹889,000 |
| B-HNI Minimum | 8 | 8,000 | ₹1,016,000 |
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 |
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 |
Kiaasa Retail IPO – Reservation DETAILS
| QIB (Ex. Anchor) | 50% |
| NII | 15% |
| Retail | 35% |
| Anchor Investor | – |
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 |
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 |
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 |
Kiaasa Retail IPO – Objects of the Issue & Utilisation of PROCEEDS
| Expenditure for Opening New Stores | ₹50.37 Crores |
| General Corporate Purpose | – |
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.
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 |
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 |
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 |
IPO Lead Managers aka Merchant BANKERS
- Expert Global Consultants Pvt. Ltd.