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, and Accessories. The brand meets the fashion needs of Indian women with high-quality, affordable products that reflect individuality.

The company operates through exclusive outlets and online platforms for greater accessibility, with 113 brand outlets in 70 cities plus an online presence. It 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.

Kiaasa Retail IPO is a book build issue of ₹69.72 crore, entirely comprising a fresh issue of 0.55 crore shares aggregating to ₹69.72 crore. The IPO opened on February 23, 2026, and closed on February 25, 2026. The allotment is expected on Thursday, February 26, 2026. The share price band was set at ₹121 to ₹127 per share.

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Steps to Check Kiaasa Retail IPO Allotment Status on Registrar Site

• Visit the Purva Sharegistry (India) Pvt. Ltd.
• Select "Kiaasa Retail" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Kiaasa Retail Twistex IPO Allotment Status on BSE

• Navigate to the BSE IPO Allotment Status Page
• Select the issue type: equity/debt
• Choose "Kiaasa Retail" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Kiaasa Retail IPO subscribed 2.05 times overall. Here is the category-wise breakdown as of 5:09:39 PM on February 25, 2026:

Kiaasa Retail IPO Subscription Status

QIB Category (Ex Anchor): 14.98 times
Non-Institutional Investors (NII): 1.16 times
Individual Investors: 2.43 times

Kiaasa Retail IPO Share Price and Investment Details

The minimum investment required was ₹2,54,000 for 2 lots (2,000 shares) for individual investors. The issue includes a reservation of up to 2,75,000 shares for the market maker, Prabhat Financial Services Ltd. Given the overall subscription of 2.05 times with solid institutional interest at 14.98 times, modest NII participation at 1.16 times, and moderate individual investor subscription at 2.43 times, the share price listing expectations remain modest.

Utilisation of IPO Proceeds

The proceeds will be utilised for expenditure towards opening new stores (₹46.45 crore) and general corporate purposes.

Business Overview

Kiaasa Retail Limited is engaged in marketing ethnic brands and offering a wide range of apparel, footwear, and accessories exclusively designed for women. It operates in B2B and B2C segments with 124 outlets and an e-commerce platform. The company posted growth in its top and bottom lines for the reported periods. It has up its sleeve expansion of outlets to become a PAN India player.

The company demonstrated financial performance with total income of ₹120.70 crore for FY2025 and a net worth of ₹47.31 crore as of September 30, 2025. The company benefits from strong leadership and fast growth, designs that connect with local culture, strict quality checks for every product, and affordable prices without compromising quality. However, investors should note the post-issue P/E ratio of 17.44 and Price to Book Value of 3.42.