Kiaasa Retail IPO Details
| IPO Open Date | February 23, 2026 |
| IPO Close Date | February 25, 2026 |
| Face Value | â‚ą10 Per Equity Share |
| IPO Price Band | â‚ą121 to â‚ą127 Per Share |
| Issue Size | Approx â‚ą69.72 Crores |
| Fresh Issue | Approx â‚ą69.72 Crores |
| Issue Type | Book build Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Kiaasa Retail IPO Review & Key Points
- Review: Neutral
Kiaasa Retail IPO Market Lot
The Kiaasa Retail IPO minimum market lot is 2,000 shares with â‚ą2,54,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2,000 | â‚ą2,54,000 |
| Retail Maximum | 2 | 2,000 | â‚ą2,54,000 |
| S-HNI Minimum | 3 | 3,000 | â‚ą3,81,000 |
| S-HNI Maximum | 7 | 7,000 | â‚ą8,89,000 |
| B-HNI Minimum | 8 | 8,000 | â‚ą10,16,000 |
IPO Reservation
| Investor Category | Share Offered | Shares (%) |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | 52,000 Shares | 0.95% |
| NII Shares Offered | 20,87,000 Shares | 38.01% |
| Retail Shares Offered | 30,76,000 Shares | 56.03% |
Kiaasa Retail IPO Dates
The Kiaasa Retail IPO date is February 23, and the close date is February 25. The Kiaasa Retail IPO allotment will be finalized on February 26, and the IPO listing on March 2.
| IPO Open Date: | February 23, 2026 |
| IPO Close Date: | February 25, 2026 |
| Basis of Allotment: | February 26, 2026 |
| Refunds: | February 27, 2026 |
| Credit to Demat Account: | February 27, 2026 |
| IPO Listing Date: | March 2, 2026 |
| IPO Bidding Cut-off Time: | February 25, 2026 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Mr. Om Prakash and Mr. Amit Chauhan.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,27,39,005 | 71.84% |
| Promoter Holding Post Issue | 1,82,29,005 | 50.22% |
Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
| Expenditure for opening new stores | â‚ą50.37 |
| General Corporate Purpose | â‚ą- |
About Kiaasa Retail IPO
Kiaasa Retail, founded in 2018, is one of the leading fashion brands that focuses primarily on women’s ethnic and fusion wear. Incorporated in 2018, the firm runs over 100 stores in more than 80 cities in India. From Kurtas and Kurta Sets, suit sets, lehenga sets, Bottoms, and Dupatta, to Accessories, the firm offers a wide range of women’s ethnic wear. Moreover, the firm also offers a wide range of women’s apparel, footwear, and accessories, including salwar kameez, lehengas, jewellery, bags, and scarves.
Kiaasa retail is known for offering high-quality, affordable products that meet the needs of Indian women’s choices. The company runs its business via 3 models, FOFO (Franchise Owned Franchise Operated), COCO (Company Owned Company Operated), and FICO (Franchise Invested Company Operated). The firm has its presence across 70 cities with 113 brand outlets and a high online presence.
Kiaasa Retail IPO Company Financial Report
Amount â‚ą in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | â‚ą50.18 | â‚ą46.72 | â‚ą2.46 | â‚ą54.26 |
| 2024 | â‚ą85.19 | â‚ą77.33 | â‚ą5.74 | â‚ą95.42 |
| 2025 | â‚ą120.70 | â‚ą109.40 | â‚ą8.38 | â‚ą144.30 |
| Sep 2025 | â‚ą58.01 | â‚ą49.12 | â‚ą6.64 | â‚ą181.81 |
Kiaasa Retail IPO Valuation – FY2025
Check the Kiaasa Retail IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 22.21% |
| ROCE: | 21.72% |
| EBITDA Margin: | 13.51% |
| PAT Margin: | 7.41% |
| Debt to equity ratio: | 0.71 |
| Earning Per Share (EPS): | â‚ą6.58 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 20.60% |
| Net Asset Value (NAV): | â‚ą31.93 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Monte Carlo Fashion Limited | 39.15 | 17.11 | 9.73% | 40.23 | 1,100.41 Cr. |
| Kewal Kiran Clothing Limited | 23.44 | 23.59 | 18.20% | 13.31 | 1,002.77 Cr. |
| Purple United Sales Limited | 13.59 | 33.61 | 17.30% | 6.30 | 103.13 Cr. |
IPO Lead Managers aka Merchant Bankers
- Expert Global Consultants Pvt. Ltd.
Company Address
Kiaasa Retail Ltd.
1/37,
SSGT Road Industrial Area
Ghaziabad, Uttar Pradesh, 201001
Phone: +91-9319008599
Email: cs@kiaasaretail.com
Website: https://kiaasa.com/
IPO Registrar
Purva Sharegistry (India) Pvt.Limited.
Phone: +91-022-23018261/ 23016761
Email: newissue@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
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Note: The Kiaasa Retail IPO price band and date are officially announced. The (Kiaasa Retail IPO grey market premium) will be added to the IPO GMP page as it will start).
