Kiaasa Retail Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 52,000 (1%) | — | ₹7 Cr |
| NII (HNI) | — | 2,087,000 (38%) | — | ₹2,650 Cr |
| Retail | — | 3,076,000 (56%) | — | ₹3,907 Cr |
| Market Maker | — | 275,000 (5%) | — | ₹35 Cr |
| Σ Total | — | 5,490,000 (100%) | — | ₹69,723 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹127,000 |
| Retail (Max) | 13 | 13,000 | ₹1,651,000 |
| S-HNI (Min) | 14 | 14,000 | ₹1,778,000 |
| B-HNI (Min) | 67 | 67,000 | ₹8,509,000 |
Financial Statements Amount in ₹ Crore
| Metric | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 58 | 121 | 85 |
| EBITDA | 12 | 15 | 10 |
| Profit After Tax | 7 | 8 | 6 |
| Net Worth | 47 | 41 | 13 |
| Total Assets | 182 | 144 | 95 |
| Reserves & Surplus | 35 | 28 | 8 |
| Total Borrowing | 43 | 29 | 16 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Expenditure for opening new stores – 46.45
- General corporate purposes –
Company Overview
Established in 2018, Kiaasa Retail Limited is an Indian fashion brand focused on women's ethnic and fusion wear. Founded in 2018 and based in Ghaziabad, it operates over 100 stores in more than 80 cities across India.
Kiaasa offers a diverse collection of women's ethnic wear, including:
- Kurtas and Kurta Sets
- Suit Sets
- Lehenga Sets
- Bottoms and Dupattas
- Accessories
Kiaasa is an ethnic wear brand offering a range of women's apparel, footwear, and accessories, including salwar kameez, lehengas, jewellery, bags, and scarves.
The brand meets the fashion needs of Indian women with high-quality, affordable products that reflect individuality.
The company operate through exclusive outlets and online platforms for greater accessibility.
The company has 113 brand outlets in 70 cities, plus an online presence.
The company operates via three models: FOFO (Franchise Owned Franchise Operated), COCO (Company Owned Company Operated), and FICO (Franchise Invested Company Operated), enabling efficient retail network management.
As of February 28, 2025, the company had 340 full-time employees.
Competitive strength:
- Strong Leadership and Fast Growth.
- Designs That Connect with Local Culture.
- Strict Quality Checks for Every Product
- Affordable Prices Without Compromising Quality.