Kiaasa Retail IPO Subscribed 2.05 Times on Day 3

Kiaasa Retail Limited's initial public offering (IPO) closed its three-day subscription window on a moderate note, reaching 2.05 times overall subscription by 5:09 PM on Day 3 (February 25, 2026). The ₹69.72 crore book-build issue, priced at ₹121–₹127 per share, received bids for 1,06,70,000 shares against 52,15,000 shares on offer, with total applications reaching 4,016.

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Subscription Status of Kiaasa Retail IPO

Category-Wise Subscription Details (Day 3, as of 4:59 PM)

Key Highlights - Day 3:

• Overall subscription reached a moderate 2.05 times, showing substantial improvement from Day 2's 0.60 times.
• Qualified institutional buyers (ex-anchor) led subscription with exceptional interest at 14.98 times, surging from Day 2's 1.00 times, indicating strong institutional appetite for this women's ethnic wear SME IPO on the final day.
• Individual investors showed moderate confidence at 2.43 times, building substantially from Day 2's 0.59 times, indicating improved retail demand.
• Non-institutional investors recorded 1.16 times, improving from Day 2's 0.61 times, with bNII at 1.29 times and sNII at 0.90 times.
• Total applications reached 4,016 on Day 3.
• Market makers fully subscribed their allocation of ₹3.49 crores.

Key Highlights - Day 2:

• Overall subscription reached 0.60 times, showing substantial improvement from Day 1's 0.11 times.
• Non-institutional investors showed improving interest at 0.61 times, building from Day 1's 0.01 times, with bNII at 0.83 times and sNII at 0.15 times.
• Individual investors showed improving participation at 0.59 times, building from Day 1's 0.16 times.
• Qualified institutional buyers (ex-anchor) recorded 1.00 times on Day 2, unchanged from Day 1.

Key Highlights - Day 1:

• Overall subscription reached 0.11 times, reflecting subdued initial investor interest in this women's ethnic wear SME IPO.
• Qualified institutional buyers (ex-anchor) showed full subscription at 1.00 times on Day 1, indicating early institutional interest.
• Individual investors showed weak participation at 0.16 times on Day 1.
• Non-institutional investors recorded negligible interest at 0.01 times on Day 1, with bNII at 0.00 times and sNII at 0.04 times.

About Kiaasa Retail Limited

Established in 2018 and based in Ghaziabad, Kiaasa Retail Limited is an Indian fashion brand focused on women's ethnic and fusion wear, operating over 100 stores across more than 80 cities in India. The company offers a diverse collection including kurtas and kurta sets, suit sets, lehenga sets, bottoms, dupattas, footwear, jewellery, bags, and scarves. It operates through three models, FOFO (Franchise Owned Franchise Operated), COCO (Company Owned Company Operated), and FICO (Franchise Invested Company Operated), alongside an e-commerce platform, enabling wide retail network management. As of February 28, 2025, the company had 340 full-time employees.