Kiaasa Retail IPO
Kiaasa Retail IPO
Overview
Kiaasa Retail IPO is a book build issue of ₹69.72 crores. The issue is entirely a fresh issue of 0.55 crore shares of ₹69.72 crore. Kiaasa Retail IPO opens for subscription on Feb 23, 2026 and closes on Feb 25, 2026. The allotment for the Kiaasa Retail IPO is expected to be finalized on Feb 26, 2026. Kiaasa Retail IPO will list on BSE SME with a tentative listing date fixed as Mar 2, 2026. Kiaasa Retail IPO price band is set at ₹121 to ₹127 per share. The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹2,54,000 (2,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,000 shares), amounting to ₹3,81,000.
Total Shares
54,90,000
Issue Size
₹70 Cr
Price Band
₹121 – ₹127
Lot Size
1000 shares
Min. Investment
₹2,54,000
Max. Investment
₹2,54,000
Open Date
23 Feb, 2026
Close Date
25 Feb, 2026
Allotment
26 Feb, 2026
Listing
02 Mar, 2026
Max. Investment
₹2,54,000
Announced
23 Feb, 2026
Opening Date
23 Feb, 2026
Closing Date
25 Feb, 2026
Basis of Allotment
26 Feb, 2026
Initiation of Refunds
27 Feb, 2026
Credit of Shares
27 Feb, 2026
Listing Date
02 Mar, 2026
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About Kiaasa Retail IPO
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
- Accessories
Kiaasa is an ethnic wear brand offering a range of women's apparel, fo
Kiaasa Retail IPO Share Price
Issue Breakdown
Shareholding
Dilution: 43.1% increase in shares
Kiaasa Retail IPO Financial Health
Kiaasa Retail IPO Lot Size
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2000 | ₹2,54,000 |
| Individual investors (Retail) (Max) | 2 | 2000 | ₹2,54,000 |
| S-HNI (Min) | 3 | 3000 | ₹3,81,000 |
| S-HNI (Max) | 7 | 7000 | ₹8,89,000 |
| B-HNI (Min) | 8 | 8000 | ₹10,16,000 |
(All values in CR)
Kiaasa Retail IPO Valuations
| Metric | Value |
|---|---|
| ROE | 73.29 |
| ROCE | 33.23 |
| Debt/Equity | 1.25 |
| RoNW | 45.19 |
| PAT Margin | 6.75 |
(All values in CR)
Kiaasa Retail IPO Strength & Risk
Kiaasa Retail IPO — Strengths:
Operates a women’s ethnic and fusion wear fashion brand with a widespread retail footprint
Diverse product portfolio catering to apparel and accessories preferences
Uses multiple retail models supporting flexible expansion across markets
Presence in both offline stores and online channels for wider reach
Positioned in a segment with steady demand for traditional and festive wear
Visible growth in business scale and retail operations
Kiaasa Retail IPO — Risks:
Fashion retail demand depends on consumer spending and sentiment trends
Faces strong competition from organised and unorganised apparel brands
Inventory-heavy model can pressure working capital and cash flows
SME listing may result in lower liquidity and higher price volatility
Store expansion and franchise management carry execution and cost risks
Brand success depends on staying aligned with changing fashion trends
Kiaasa Retail IPO Subscriptions Status
Kiaasa Retail IPO subscribed 2.05 times. The public issue subscribed 2.43 times in the individual investors category, 14.98 times in QIB (Ex Anchor), and 1.16 times in the NII category by February 25, 2026 6:44:46 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Market Maker | 1.00 | 2,75,000 | 2,75,000 | 3.493 |
| QIB (Ex Anchor) | 14.98 | 52,000 | 7,79,000 | 9.893 |
| NII | 1.16 | 20,87,000 | 24,13,000 | 30.645 |
| bNII (> ₹10L) | 1.29 | 13,91,000 | 17,87,999 | 22.708 |
| sNII (< ₹10L) | 0.90 | 6,96,000 | 6,25,000 | 7.938 |
| Individual Investors | 2.43 | 30,76,000 | 74,78,000 | 94.971 |
| Total | 2.05 | 52,15,000 | 1,06,70,000 | 135.509 |
Kiaasa Retail IPO GMP
Kiaasa Retail SME IPO last GMP is ₹0, last updated Feb 25th 2026 05:37 PM. With the price band of 127.00, Kiaasa Retail SME IPO's estimated listing price is ₹127 (cap price + today's GMP).The expected percentage gain/loss per share is 0.00%. The lowest GMP is ₹0.00, while the highest GMP is ₹26.00.
Last updated 25 Feb, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 25 Feb, 2026 | 127 | ₹0▼ | - | ₹127 (0.00%) | - | 25 Feb, 2026 |
| 24 Feb, 2026 | 127 | ₹26 | 19800 | ₹153 (20.47%) | 26000 | 24 Feb, 2026 |
| 23 Feb, 2026 | 127 | ₹26▲ | 19800 | ₹153 (20.47%) | 26000 | 23 Feb, 2026 |
| 22 Feb, 2026 | 127 | ₹0 | - | ₹127 (0.00%) | - | 22 Feb, 2026 |
| 21 Feb, 2026 | 127 | ₹0 | - | ₹127 (0.00%) | - | 21 Feb, 2026 |
| 20 Feb, 2026 | 127 | ₹0 | - | - | - | 20 Feb, 2026 |
| 19 Feb, 2026 | 127 | ₹0 | - | ₹127 (0.00%) | - | 19 Feb, 2026 |
| 18 Feb, 2026 | 127 | ₹0 | - | ₹127 (0.00%) | - | 18 Feb, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Kiaasa Retail IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Kiaasa Retail IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.