Kiaasa Retail IPO
GMP, Subscription, Price, Dates & Financial Details
Textile
Incorporated in 2018, Kiaasa Retail Limited is a fast-growing Indian ethnic and fusion wear brand catering to modern women. Headquartered in Ghaziabad, the company offers a wide range of women’s apparel, footwear, and accessories, combining traditional aesthetics with contemporary styles.Kiaasa’s…
Open Date
Mon, 23 Feb 2026
Close Date
Wed, 25 Feb 2026
Price Band
₹ 121 – 127
Lot Size
1000
Issue Size
₹ 70.00 Cr
Minimum Investment
₹ 254,000 (2000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Kiaasa Retail IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹70.00 Crore, comprising a fresh issue of 54.90 Lakh equity shares aggregating to ₹70.00 Crore.
The Kiaasa Retail IPO remained open for subscription from February 23, 2026, to February 25, 2026. The basis of allotment was finalized on February 26, 2026, and the company's shares were listed on BSE SME Platform on March 02, 2026.
The company had fixed the price band at ₹121 to ₹127 per share, with a lot size of 1000 shares. Retail investors were required to make a minimum investment of ₹254,000 (based on the upper price band) to apply for one lot.
Purva Sharegistry India Pvt Ltd served as the registrar to the issue. Expert Global Consultants Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Kiaasa Retail Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Kiaasa Retail IPO Timeline (Tentative)
- IPO Open Date
- Mon, 23 Feb 26
- IPO Close Date
- Wed, 25 Feb 26
- Basis of Allotment
- Thu, 26 Feb 26
- Initiation of Refunds
- Fri, 27 Feb 26
- Credit of Shares to Demat
- Fri, 27 Feb 26
- Listing Date
- Mon, 02 Mar 26 — NSE & BSE
Open Date
23 February 2026
Close Date
25 February 2026
Basis Of Allotment
26 February 2026
Listing Date
02 March 2026
IPO Subscription
Check Live Subscription →The Kiaasa Retail IPO has received bids for 1,36,33,000 shares against 73,02,000 shares offered, resulting in an overall subscription of 1.87x. the NII category is subscribed 1.29x, Retail Investors 2.43x, and QIBs 14.98x. Within the NII category, BNII is subscribed 1.48x, while SNII is subscribed 0.9x.
QIB
14.98x
NII
1.29x
BNII
1.48x
SNII
0.9x
RII
2.43x
Total
1.87x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 30,76,000 shares, representing 58.98% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 52,000 shares (1%), while Non-Institutional Investors (NIIs) receive 20,87,000 shares (40.02%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 52,000 | 1% |
| Non-Institutional | 2,087,000 | 40.02% |
| BNII | 1,391,000 | 26.67% |
| SNII | 696,000 | 13.35% |
| Retail Investors | 3,076,000 | 58.98% |
| Total | 5,215,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 181.81 | 144.3 | 95.42 | 54.26 |
| Revenue | 58.01 | 120.7 | 85.19 | 50.18 |
| Profit After Tax | 6.64 | 8.38 | 5.74 | 2.46 |
| Net Worth | 47.31 | 40.67 | 12.71 | 2.96 |
| Reserve & Surplus | 34.57 | 27.93 | 8.21 | 2.46 |
| Total Borrowings | 43.03 | 28.67 | 15.88 | 21.17 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Kiaasa Retail Limited KPI Information
| Particular | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| ROE % | 20.2 | 42.36 | 73.29 | 83.07 |
| ROCE % | 12.02 | 20.34 | 33.23 | 17.94 |
| Debt / Equity | 0.91 | 0.7 | 1.25 | 7.14 |
| RoNW % | 14.03 | 20.6 | 45.19 | 83.07 |
| Pat Margin % | 11.46 | 6.94 | 6.75 | 4.92 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Kiaasa Retail Ltd | 10 | 0.00 | 6.58 | 6.58 | 20.60 | 31.93 |
| Monte Carlo Fashion Ltd | 10 | 17.11 | 39.15 | 39.15 | 9.73 | 40.23 |
| Kewal Kiran Clothing Ltd | 10 | 23.59 | 23.44 | 23.44 | 18.20 | 13.31 |
| Purple United Sales Ltd | 10 | 33.61 | 13.59 | 13.59 | 17.30 | 6.30 |
About Kiaasa Retail Limited
Incorporated in 2018, Kiaasa Retail Limited is a fast-growing Indian ethnic and fusion wear brand catering to modern women. Headquartered in Ghaziabad, the company offers a wide range of women’s apparel, footwear, and accessories, combining traditional aesthetics with contemporary styles.
Kiaasa’s product portfolio includes kurtas and kurta sets, suit sets, lehenga sets, salwar kameez, gowns, dresses, bottom wear, dupattas, jewellery, handbags, and scarves. The brand focuses on delivering high-quality, affordable fashion that reflects individuality while staying rooted in Indian culture.
As of February 28, 2025, the company operates 113 Exclusive Brand Outlets (EBOs) across 70 cities in India. Its retail network is managed through a flexible and scalable model comprising:
- FOFO (Franchise Owned Franchise Operated)
- FICO (Franchise Invested Company Operated)
- COCO (Company Owned Company Operated)
To further expand its reach, Kiaasa introduced the “Nine99 Store” concept in December 2023, targeting value-conscious customers in Tier 2 and Tier 3 cities with products priced below ₹999. The company has also adopted an omnichannel strategy by integrating its physical stores with leading e-commerce platforms such as Flipkart, Amazon, Myntra, and Limeroad, enhancing accessibility and customer convenience.
As of the same date, the company employed 340 full-time employees.
Competitive Strengths
- Experienced leadership team driving rapid expansion
- Designs aligned with local culture and consumer preferences
- Strong quality control standards across product lines
- Affordable pricing without compromising on quality
Overall, Kiaasa Retail Limited has positioned itself as a growing national brand in the women’s ethnic wear segment through a balanced mix of offline expansion, franchise partnerships, and digital integration.
Kiaasa Retail IPO Promoters
- Mr. Om Prakash
- Mr. Amit Chauhan
Promoters Holding
Holding Pre Issue
71.84%
Holding Post Issue
50.22%
Kiaasa Retail IPO Objective
The Company Kiaasa Retail IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Expenditure for opening new stores : 50.37 Cr
- General corporate purposes
Kiaasa Retail Limited Address / Contact Details
Kiaasa Retail Limited
1/37, SSGT Road Industrial Area
Ghaziabad, Uttar Pradesh, 201001
Phone: +91-9319008599
Email: cs@kiaasaretail.com
Website: https://kiaasa.com/
IPO Snapshot
Kiaasa Retail IPO Lot Size
The Kiaasa Retail IPO has a lot size of 1,000 shares. Retail investors require a minimum investment of ₹2,54,000 by applying for 2 lot (2,000 shares). The maximum application allowed for the retail category is 2 lots (2,000 shares), requiring an investment of ₹2,54,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | 254,000.00 |
| Retail (Max) | 2 | 2,000 | 254,000.00 |
| S-HNI (Min) | 3 | 3,000 | 381,000.00 |
| S-HNI (Max) | 7 | 7,000 | 889,000.00 |
| B-HNI (Min) | 8 | 8,000 | 1,016,000.00 |
Issue Reservation
- QIB — 1%
- NII — 40.02%
- RII — 58.98%
Book Running Lead Managers
- Expert Global Consultants Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Kiaasa Retail IPO?
Kiaasa Retail IPO is a Book-building IPO with a total issue size of ₹70 crore. The Kiaasa Retail IPO price band is ₹121 to 127 per share. The Kiaasa Retail IPO subscription opens on Mon, Feb 23, 2026, and closes on Wed, Feb 25, 2026. The Kiaasa Retail IPO will be listed on the BSE. Purva Sharegistry India Pvt Ltd is the registrar for the Kiaasa Retail IPO.
When will the Kiaasa Retail IPO open for subscription?
The Kiaasa Retail IPO opens on Mon, Feb 23, 2026 and closes on Wed, Feb 25, 2026
What is Kiaasa Retail IPO Price Band?
Kiaasa Retail IPO Price Band is ₹121 to 127 per share.
What is Kiaasa Retail IPO Lot Size?
Kiaasa Retail IPO lot size is 1000 shares, Retail investors need a minimum investment of ₹254000 based on the upper price band
What is the minimum investment for Kiaasa Retail IPO?
The minimum investment for Kiaasa Retail IPO is ₹254000, based on one lot of 1000 shares at the upper price band of ₹127 per share.
How to apply for Kiaasa Retail IPO?
Investors can apply for the Kiaasa Retail IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Feb 25, 2026. The application amount remains blocked until the Kiaasa Retail IPO allotment is finalized.
What is Kiaasa Retail IPO Issue Size?
Kiaasa Retail IPO issue size is ₹70 crores.
What is the Kiaasa Retail IPO Allotment Date?
Kiaasa Retail IPO allotment date is Thu, Feb 26, 2026.
Who is the Kiaasa Retail IPO Registrar?
The registrar for Kiaasa Retail IPO is Purva Sharegistry India Pvt Ltd. Investors can go to Purva Sharegistry India Pvt Ltd website to check Kiaasa Retail IPO allotment status, refund processing, and other IPO-related information.
What is the Kiaasa Retail IPO GMP?
The Kiaasa Retail IPO GMP (Grey Market Premium) is ₹1 as of Fri, Feb 13, 2026. Based on the upper price band of ₹127 per share, the estimated Kiaasa Retail IPO listing price is ₹128, indicating a potential listing gain of approximately 0.79% over the issue price.
Who is the Kiaasa Retail IPO Lead Manager?
The book-running lead managers (BRLMs) for the Kiaasa Retail IPO are Expert Global Consultants Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Kiaasa Retail IPO Red Herring Prospectus (RHP).