IPO

Kiaasa Retail Limited IPO

BSE SME

Listed On: Mar 2, 2026 at ₹ 123.0

₹ 254000 /2000 Shares
*Min Investment

Check Allotment

23 Feb, 2026

Open Date

25 Feb, 2026

Close Date

26 Feb, 2026

Allotment Date

02 Mar, 2026

Listing Date
Kiaasa Retail IPO Live Subscription Details
View Subscription Details
QIB 14.98x
Individual 2.43x
NIIs 1.29x
BHNI 1.48x
SHNI 0.90x
Individual 2.43x
Total 2.10x
Last updated: 25 Feb 2026, 05:54 PM
Kiaasa Retail IPO Issue Details
  • Issue Price ₹121-127 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 54,90,000 shares(aggregating up to ₹69.72 crore)
  • Fresh Share 54,90,000 shares(aggregating up to ₹69.72 crore)
  • Listing at BSE SME
  • List Price 123.0
  • Listing Date 2026-03-02
  • Lead Manager Expert Global Consultants Pvt.Ltd.
  • Registrar Purva Sharegistry (India) Pvt.Ltd.
Market Lot Size

Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Individual (min) 2 2,000 ₹2,54,000
Individual(max) 2 2,000 ₹2,54,000
SHNI(min) 3 3,000 ₹3,81,000
SHNI(max) 7 7,000 ₹8,89,000
BHNI(min) 8 8,000 ₹10,16,000
Kiaasa Retail IPO Reservation

Kiaasa Retail IPO offers total 5490000 shares. Out of which 52000 (0.95%) allocated to QIB, 2087000 (38.01%) allocated to NII,3076000 (56.03%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Market Maker Shares Offered 275000 (5.01%)
QIB Shares Offered 52000 (0.95%)
NII (HNI) Shares Offered 2087000 (38.01%)
bNII > ₹10L 1391000 (9.39%)
sNII < ₹10L 696000 (4.85%)
Individual Shares Offered 3076000 (56.03%)
Total Shares Offered 5490000 (100%)
Kiaasa Retail IPO Documents
DRHP
Kiaasa Retail IPO Details


Kiaasa Retail Limited IPO is an SME IPO, priced at ₹121-127 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 54,90,000 equity shares, aggregating up to ₹69.72 crores..

The IPO bidding window is open from Feb 23, 2026 to Feb 25, 2026. The allotment is expected to be finalized on Feb 26, 2026, and the tentative listing date is Mar 2, 2026.

The minimum lot size for Individual investors is 2,000 shares, with a minimum investment of ₹2,54,000.

Expert Global Consultants Pvt.Ltd. is acting as the lead manager to the issue. The registrar of the IPO is Purva Sharegistry (India) Pvt.Ltd., and

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Kiaasa Retail IPO Subscription Analysis And Details
Retail
2.43x
QIB
14.98x
NII
1.29x
bNII
1.48x
sNII
0.90x
Total
2.10x
As on QIB NII
bNII   sNII 		Individual Total
Shares Offered / Reserved 52,000 20,87,000
13,91,000    6,96,000 		30,76,000 52,15,000
Day 1 23-02-26 05:00 PM
1.00 x 0.01 x
0.00 x   0.04 x 		0.16 x 0.11 x
Day 2 24-02-26 05:00 PM
1.00 x 0.74 x
1.03 x   0.15 x 		0.59 x 0.65 x
Day 3 25-02-26 05:00 PM
14.98 x 1.29 x
1.48 x   0.90 x 		2.43 x 2.10 x
Total No of Applications
3,997
Subscription on the basis of Applications
Retail:2.43x BHNI:0.11x SHNI:0.87x
Kiaasa Retail Valuations
EPS Pre IPO ₹/-
EPS Post IPO ₹/-
Market Cap. Cr.
Kiaasa Retail Company Financials
In Crs.
In Cr.
28-Feb-25 31-Mar-24 31-Mar-23 31-Mar-22
Assets 141.47 95.42 54.26 30.18
Revenue 107.67 85.19 50.18 26.75
Profit After Tax 7.38 5.74 2.46 1.36
Net Worth 39.67 12.71 2.96 0.50
Reserves & Surplus 34.00 8.21 2.46 0.00
Total Borrowing 25.14 15.88 21.17 15.65
About Kiaasa Retail Company

Founded in 2018, Kiaasa Retail Limited is an Indian fashion brand that specializes in women's ethnic and fusion wear. Founded in 2018 and headquartered in Ghaziabad, it has over 100 stores across more than 80 cities in India.

Kiaasa provides a wide range of women's ethnic wear, including:
Kurtas and Kurta Sets
Suit Sets
Lehenga Sets
Bottoms and Dupattas
Accessories

Kiaasa is an ethnic wear brand that provides a variety of women's clothing, footwear, and accessories such as salwar kameez, lehengas, jewelry, bags, and scarves.
The brand caters to the fashion requirements of Indian women with high-quality and affordable products that symbolize individuality.
The company functions through exclusive stores and e-commerce sites for better reach.The company has 113 brand stores across 70 cities, along with an e-commerce site.The company functions through three models: FOFO (Franchise Owned Franchise Operated), COCO (Company Owned Company Operated), and FICO (Franchise Invested Company Operated), which helps in effective management of the retail chain.
As of February 28, 2025, the company employed 340 full-time employees

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Kiaasa Retail - Promoter(s)

Mr. Om Prakash

Mr. Amit Chauhan

Pre Issue Share Holding : %

Post Issue Share Holding : %

Kiaasa Retail IPO - Issue Objectives
1

Expenditure for opening new stores

2

General corporate purposes

Contact Details

Kiaasa Retail

1/37, SSGT Road Industrial Area Ghaziabad, Uttar Pradesh, 201001

+91 9319008599

cs@kiaasaretail.com

https://kiaasa.com/

Registrar Contact Details

Purva Sharegistry India Pvt Ltd

+91-022-23018261/ 23016761

newissue@purvashare.com

https://www.purvashare.com/investor-service/ipo-query