Kiaasa Retail IPO
Kiaasa Retail IPO Details
-
Open Date
23 Feb 2026
-
Close Date
25 Feb 2026
-
Listing Date
02 Mar 2026
- IPO Price Range
₹ 121 to ₹127
- IPO Size
₹ 69.72 Cr
- Listing Exchange
BSE SME
Kiaasa Retail IPO Timeline
Kiaasa Retail IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 23-Feb-2026 | 1.00 | 0.01 | 0.16 | 0.11 |
| 24-Feb-2026 | 1.00 | 0.61 | 0.59 | 0.60 |
| 25-Feb-2026 | 14.98 | 1.16 | 2.43 | 2.05 |
Last Updated: 25 February 2026 6:05 PM by 5paisa
Kiaasa Retail Limited, headquartered in Ghaziabad, is an Indian fashion brand specializing in women’s ethnic and fusion wear. The brand offers kurtas, suit sets, lehengas, salwar kameez, footwear, accessories, jewellery, bags, and scarves. With 113 outlets across 70 cities and a strong online presence, Kiaasa provides affordable, high-quality fashion through FOFO, COCO, and FICO retail models, ensuring wide accessibility and efficient operations nationwide.
Established in: 2018
Managing Director: Mr. Om Prakash.
Peers:
Monte Carlo Fashion Limited
Kewal Kiran Clothing Limited
Purple United Sales Limited
Kiaasa Retail Objectives
1. The company will spend ₹50.37 crore on opening new stores.
2. Funds will also be used for general corporate purposes.
Kiaasa Retail IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹69.72 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹.00 Cr |
Kiaasa Retail IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | 2,42,000 |
| Retail (Max) | 2 | 2,000 | 2,54,000 |
| S-HNI (Min) | 3 | 3,000 | 3,63,000 |
| S-HNI (Max) | 7 | 7,000 | 8,89,000 |
| B-HNI (Min) | 8 | 8,000 | 9,68,000 |
Kiaasa Retail IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 1.00 | 52,000 | 52,000 | 0.660 |
| Non-Institutional Buyers | 0.78 | 20,87,000 | 16,24,000 | 20.625 |
| BNII | 0.94 | 13,91,000 | 13,13,000 | 16.675 |
| SNII | 0.45 | 6,96,000 | 3,11,000 | 3.950 |
| Individual Investors (IND category bidding for 2 Lots) | 1.38 | 30,76,000 | 42,44,000 | 53.899 |
| Total** | 1.14 | 52,15,000 | 59,20,000 | 75.184 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 26.33 | 50.04 | 85.04 |
| EBITDA | 2.09 | 4.95 | 10.01 |
| PAT | 1.36 | 2.46 | 5.74 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 54.26 | 95.42 | 141.47 |
| Share Capital | 0.50 | 0.50 | 4.50 |
| Total Liabilities | 54.26 | 95.42 | 141.47 |
| Cash Flows (₹ Crores) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) Operating Activities | -3.23 | 10.84 | -9.00 |
| Net Cash Generated From / (used in) Investing Activities | -0.63 | -8.06 | -17.13 |
| Net Cash Generated From / (used in) Financing Activities | 5.13 | -2.66 | 26.10 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 1.27 | 0.13 | 0.87 |
Strengths
1. Strong presence across 70 Indian cities
2. Diverse ethnic and fusion wear portfolio
3. Affordable pricing with quality positioning
4. Multiple retail models ensure operational flexibility
Weaknesses
1. Heavy reliance on domestic Indian market
2. Limited international brand recognition currently
3. Franchise model may affect service consistency
4. Fashion trends expose inventory risk
Opportunities
1. Expansion into untapped tier-two cities
2. Growing demand for affordable ethnic fashion
3. Strengthening online and omnichannel presence
4. Potential entry into international diaspora markets
Threats
1. Intense competition from established ethnic brands
2. Rising rental and operational retail costs
3. Changing consumer fashion preferences rapidly
4. Economic slowdown impacting discretionary spending
1. Strong footprint across multiple Indian cities
2. Asset-light franchise models support scalability
3. Growing demand for affordable ethnic wear
4. Expanding omni-channel retail presence nationwide
Kiaasa Retail operates in India’s rapidly expanding ethnic wear market, driven by rising disposable incomes, urbanisation, and increasing fashion consciousness among women. With a presence across 70 cities and over 100 outlets, the brand is well positioned to capture demand in tier-two and tier-three markets. Its flexible FOFO, COCO, and FICO models support scalable growth, while its expanding online presence strengthens long-term revenue potential.
- Companies
- Type
- Opening On
-
Rajputana Stainless
- Mainboard
- 09th Mar
- Pre-Book
Open Free Demat Account
Be a part of 5paisa community - The first listed discount broker of India.
By proceeding, you agree to all T&C*
FAQs
Kiaasa Retail IPO opens from February 23, 2026 to February 25, 2026.
The size of Kiaasa Retail IPO is ₹69.72 Cr.
The price band of Kiaasa Retail IPO is fixed at ₹121 to ₹127 per share.
To apply for Kiaasa Retail IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Kiaasa Retail. IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Kiaasa Retail IPO is of 2,000 shares and the investment required is ₹2,42,000.
The share allotment date of Kiaasa Retail IPO is February 26,2026
The Kiaasa Retail IPO will likely be listed on March 2, 2026.
Expert Global Consultants Pvt.Ltd is the book running lead managers for Kiaasa Retail IPO.
Kiaasa Retail IPO plans to utilise the raised capital from the IPO for:
1. The company will spend ₹50.37 crore on opening new stores.
2. Funds will also be used for general corporate purposes.