The Kiaasa Retail IPO is an SME public issue by Kiaasa Retail Ltd, opening on 23 February 2026 and closing on 25 February 2026. The company aims to raise approximately ₹69.72 crore through a fresh issue of 54,90,000 equity shares at a price band of ₹121 to ₹127 per share. The IPO will list on the BSE SME on 02 March 2026.(ipo updates)
📌 Kiaasa Retail IPO Details
| Particular | Details |
|---|---|
| IPO Type | Book Built Issue (SME) |
| Face Value | ₹10 per share |
| Issue Size | ₹69.72 Crore (Approx.) |
| Fresh Issue | 54,90,000 Shares |
| Price Band | ₹121 – ₹127 |
| Lot Size | 1,000 Shares |
| Minimum Investment | ₹1,27,000 |
| Listing Exchange | BSE SME |
| Issue Structure | 100% Fresh Issue |
📅 Kiaasa Retail IPO Dates
| Event | Date |
|---|---|
| IPO Open | 23 February 2026 |
| IPO Close | 25 February 2026 |
| Basis of Allotment | 26 February 2026 |
| Refund Initiation | 27 February 2026 |
| Shares Credit to Demat | 27 February 2026 |
| Listing Date | 02 March 2026 |
📊 Kiaasa Retail IPO Market Lot
| Application Type | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 Lot | 1,000 Shares | ₹1,27,000 |
| Retail (Max) | 1 Lot | 1,000 Shares | ₹1,27,000 |
| HNI (Min) | 2 Lots | 2,000 Shares | ₹2,54,000 |
📈 Kiaasa Retail IPO Live GMP Today
| Date | GMP | Expected Listing Price | Expected Gain |
|---|---|---|---|
| Day 1 | ₹– | ₹– | – |
| Day 2 | ₹– | ₹– | – |
| Day 3 | ₹– | ₹– | – |
📌 GMP (Grey Market Premium) is unofficial and changes daily based on demand.
⭐ Kiaasa Retail IPO Review & Key Highlights
Strengths
- Strong revenue growth from FY2022 to FY2025
- Expanding retail footprint across India
- Franchise-driven scalable business model
- Healthy return ratios
Risks
- SME liquidity risk
- Competitive fashion retail industry
- Seasonal demand fluctuations
🏢 About Kiaasa Retail Ltd
Established in 2018, Kiaasa Retail is a women-focused fashion retail brand operating 100+ stores across 70+ Indian cities. The company specializes in:
- Ethnic Wear
- Kurti & Suit Sets
- Occasion Wear
- Fusion Fashion
Business Models:
- FOFO (Franchise Owned Franchise Operated)
- COCO (Company Owned Company Operated)
- FICO (Franchise Invested Company Operated)
🎯 Objects of the Issue
| Purpose | Amount (₹ Cr) |
|---|---|
| Opening New Stores | 50.37 |
| General Corporate Purposes | Balance |
The IPO proceeds will mainly fund expansion in Tier-2 and Tier-3 cities.
👨💼 Promoters & Holding Pattern
Promoters include:
- Mr. Om Prakash
- Mr. Amit Chauhan
| Holding | Pre Issue | Post Issue |
|---|---|---|
| Promoter Stake | ~71.84% | Reduced Post IPO |
📊 Kiaasa Retail IPO Financial Report
| Year | Revenue (₹ Cr) | PAT (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|
| FY2022 | 26.75 | 1.36 | 30.18 |
| FY2023 | 50.18 | 2.46 | 54.26 |
| FY2024 | 85.19 | 5.74 | 95.42 |
| FY2025 | 107.67 | 7.38 | 141.47 |
Revenue CAGR shows strong operational expansion.
📉 Kiaasa Retail IPO Valuation – FY2024
| Metric | Value |
|---|---|
| EPS | ₹55.45 |
| RoNW | 45.19% |
| NAV | ₹28.23 |
Valuation appears competitive among SME peers.
📊 Peer Comparison
| Company | P/E | RoNW |
|---|---|---|
| Monte Carlo Fashion | 18.58 | 7.54% |
| Kewal Kiran Clothing | 18.43 | 22.80% |
| Purple United Sales | 18.28 | 27.78% |
🏦 IPO Lead Manager
Lead Manager:
Expert Global Consultants Pvt Ltd
🧾 IPO Registrar
Registrar:
Purva Sharegistry (India) Pvt Ltd
Investors can check allotment status via the registrar’s website after the allotment date.
🏢 Company Address
Kiaasa Retail Ltd
1/37, SSGT Road, Industrial Area
Ghaziabad – 201001
Uttar Pradesh, India
Official Website: https://kiaasa.com
📝 How to Apply for Kiaasa Retail IPO?
- Log in to broker app (Zerodha, Groww, Upstox, etc.)
- Select Kiaasa Retail IPO
- Enter lot quantity (Min 1 Lot = 1,000 shares)
- Approve UPI mandate
- Wait for allotment
❓ FAQs
What is the Kiaasa Retail IPO?
It is an SME IPO raising ₹69.72 crore via a fresh issue.
When will the Kiaasa Retail IPO open?
23 February 2026.
What is the Price Band?
₹121 – ₹127 per share.
What is Lot Size?
1,000 shares.
What is the Allotment Date?
26 February 2026.
What is the Listing Date?
02 March 2026 on BSE SME.
DISCLAMER
The information shared here is intended solely for educational and general awareness purposes. Any securities, investments, or IPO-related details mentioned should not be interpreted as financial advice or investment recommendations. Readers are encouraged to conduct their own independent research or seek guidance from a qualified financial professional before making investment decisions.
IPO-related updates are provided for informational use only. Market trends, past performance, or investor interest do not ensure future outcomes. We are not registered with SEBI. Investments in IPOs and the securities market involve inherent risks, and individuals should carefully evaluate their financial situation or consult a certified financial advisor before investing.
