Kiaasa Retail IPO Details
Kiaasa Retail IPO Summary

Kiaasa Retail IPO opens for subscription on 23 Feb 2026 and closes on 25 Feb 2026.The IPO will be listed on BSE with the tentative listing date set for 02 Mar 2026.
Kiaasa Retail IPO price band has been fixed at ₹121 – ₹127 per share. The face value is ₹10 per share with a lot size of 1000.
Kiaasa Retail IPO total issue size comprises 54,90,000 shares (aggregating up to ₹69.72 Cr). This includes a fresh issue of 54,90,000 shares (aggregating up to ₹69.72 Cr). Pre-issue shareholding stands at 1,27,39,005, which will increase to 1,82,29,005 post-issue.
Kiaasa Retail IPO carries a ₹0 (0%) GMP, reflecting investor sentiment.
Kiaasa Retail IPO Lot Size :Individual Minimum is 2 lots (2,000 shares) amounting to ₹254,000. Individual Maximum is 2 lots (2,000 shares) amounting to ₹254,000. SHNI Minimum is 3 lots (3,000 shares) amounting to ₹381,000. SHNI Maximum is 7 lots (7,000 shares) amounting to ₹889,000. BHNI Minimum is 8 lots (8,000 shares) amounting to ₹1,016,000.
The Lead Managers for Kiaasa Retail IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Expert Global Consultants Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Prabhat Financial Services. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Kiaasa Retail Limited RHP.
Kiaasa Retail IPO Details
Kiaasa Retail IPO Subscription
Kiaasa Retail IPO Application Wise Breakup
Kiaasa Retail IPO Dates
- 23 Feb 2026Opening dateOpen
- 25 Feb 2026Closing dateClose
- 26 Feb 2026Allotment Date Allotment
- 27 Feb 2026Initiation of RefundsRefund
- 27 Feb 2026Credit of SharesCredit
- 02 Mar 2026Listing dateListing
Kiaasa Retail IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Minimum | 2 | 2000 | ₹254,000 |
| Individual Maximum | 2 | 2000 | ₹254,000 |
| SHNI Minimum | 3 | 3000 | ₹381,000 |
| SHNI Maximum | 7 | 7000 | ₹889,000 |
| BHNI Minimum | 8 | 8000 | ₹1,016,000 |
Kiaasa Retail IPO Reservation
Promoter Holding
Documents
Kiaasa Retail IPO Valuations
Kiaasa Retail Financial Information
| Period Ended | 28 Feb 2025 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 141.47 | 95.42 | 54.26 | 30.18 |
| Total Income | 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 and Surplus | 34.00 | 8.21 | 2.46 | 0.00 |
| Total Borrowing | 25.14 | 15.88 | 21.17 | 15.65 |
| Amount in ₹ Crore | ||||
About Kiaasa Retail IPO
Established in 2018, Kiaasa Retail Limited is an Indian fashion brand focused on women’s ethnic and fusion wear. Headquartered in Ghaziabad, the Company operates through an expanding retail network across India.
The Company offers a diverse product portfolio including kurtas and kurta sets, suit sets, lehenga sets, bottoms, dupattas, footwear, jewellery, bags, and scarves, catering to various customer preferences and occasions.
Kiaasa operates through exclusive brand outlets and online platforms to provide greater accessibility and an omni-channel shopping experience. The Company operates 113 brand outlets across 70 cities in India.
Retail Operating Models
- Franchise Owned Franchise Operated (FOFO)
- Company Owned Company Operated (COCO)
- Franchise Invested Company Operated (FICO)
As of February 28, 2025, the Company employed 340 full-time employees across operations, merchandising, retail, and administrative functions.
Strength Of Kiaasa Retail IPO
- Strong leadership and fast growth.
- Designs that connect with local culture.
- Strict quality checks for every product.
- Affordable prices without compromising quality.
- Stock that matches the seasons.
Risk Of Kiaasa Retail IPO
- Our business from retail outlet is concentrated in the state of Uttar Pradesh only. For the eleven-month period ended February 28, 2025, revenue from Uttar Pradesh constituted Rs. 2,326.39 Lakhs i.e. 28.81% of our revenue for February 28, 2025. Any adverse impact in this region may adversely affect our business, results of operations and financial condition.
- Our offices, including our Registered Office and Branch Offices, are located on leased premises, and any disruption in these lease arrangements could adversely affect our business, operations, and financial performance.
- Our brand image is integral to our success and if we are unable to effectively maintain, promote and enhance our brand, and conduct our sales and marketing activities effectively, our business and reputation may be adversely affected.
- Our proposed expansion plans relating to the opening of new stores are subject to the risk of unanticipated delays in implementation and cost overruns.
- We have experienced delays in the timely repayment of our loan obligations in the past, and any continued delays or defaults may adversely affect our creditworthiness, financial flexibility, and ability to raise future capital.
- In the past Company had delayed in the EPF and GST returns. This may adversely affect the financial performance and regulatory compliance of the company
- There are certain discrepancies/errors noticed in some of our corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 2013. Any penalty or action taken by any regulatory authorizes in future for non-compliance with provisions of corporate and other law could impact the financial position of the Company to that extent.
- Our reliance on third-party suppliers and vendors for procurement of finished products exposes us to supply chain risks, and heavy dependence on a limited number of vendors may adversely affect our business, cash flows, and financial condition.
- Our inability to collect receivables and default in payment from our customers could result in the reduction of our profits and affect our cash flows.
- We have not made any alternate arrangements for meeting our capital requirements for the Objects of the Issue. Further we have not identified any alternate source of financing the `Objects of the Issue'. Any shortfall in raising / meeting the same could adversely affect our growth plans, operations and financial performance.
Objectives Kiaasa Retail IPO
1. Expenditure for opening new stores
2. General corporate purposes
Company Contact Details
Kiaasa Retail Ltd.
1/37,
SSGT Road Industrial Area
Ghaziabad, Uttar Pradesh, 201001
Phone: +91-9319008599
Email: cs@kiaasaretail.com
Website: https://kiaasa.com/
Registrar Contact Details
Kiaasa Retail FAQs
The Kiaasa Retail IPO is a SME public issue comprising 5490000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹69.72 Cr. The issue price has been fixed at ₹127 per equity share, and the minimum application size is 1000 shares.
The IPO opens for subscription on 23 Feb 2026, and closes on 25 Feb 2026.
Purva Sharegistry India Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the BSE
As of now, the current GMP stands at ₹0 (0%).

