Kizi Apparels Limited IPO
- IPO Date30 Jul, 2024 to 01 Aug, 2024
- Listing Date06 Aug, 2024
- Face Value₹10 per share
- Issue Price₹21 to ₹21 per share
- Lot Size6000 Shares
- Minimum Investment₹1,26,000
- Listing AtBSE SME
- Total Issue Size26,58,000 Shares
(aggregating up to ₹5.58 Cr) - Fresh Issue26,58,000 Shares
(aggregating up to ₹5.58 Cr)
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue51,61,200
- Shareholding post issue78,19,200
IPO Dates
Closing Date
01 Aug, 2024
Initiation of Refunds
05 Aug, 2024
Listing Date
06 Aug, 2024
30 Jul, 2024
Opening Date
02 Aug, 2024
Basis of Allotment
05 Aug, 2024
Credit of Shares
Kizi Apparels Limited Lot Size
Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹1,26,000 |
| B-HNI (Min) | - | - | - |
| S-HNI (Max) | - | - | - |
| S-HNI (Min) | 2 | 12000 | ₹2,52,000 |
| Retail (Max) | 1 | 6000 | ₹1,26,000 |
Kizi Apparels Limited Promoter Holding
The promoters of the company are Abhishek Nathani and Kiran Nathani.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 85.36% | 56.35% |
Kizi Apparels Limited COMPANY INFORMATION
Kizi Apparels IPO is a fixed price issue of Rs 5.58 crores. The issue is entirely a fresh issue of 26.58 lakh shares. Kizi Apparels IPO opens for subscription on July 30, 2024 and closes on August 1, 2024. The allotment for the Kizi Apparels IPO is expected to be finalized on Friday, August 2, 2024. Kizi Apparels IPO will list on BSE SME with tentative listing date fixed as Tuesday, August 6, 2024. Kizi Apparels IPO price is ₹21 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹126,000. The minimum lot size investment for HNI is 2 lots (12,000 shares) amounting to ₹252,000. Interactive Financial Services Ltd is the book running lead manager of the Kizi Apparels IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Kizi Apparels IPO is Beeline Broking. Refer to Kizi Apparels IPO RHP for detailed information.
Incorporated in March 2023, Kizi Apparels Limited is involved in the production and trading of ready-to-wear clothing through our own showrooms, distributors, malls, and online platform.
The company has launched an e-commerce platform offering premium ethnic and Western women's apparel under the brand names ANUTARRA and KIZI, respectively.
The company caters to all over India through its online platform.
The product portfolio of the company comprises of kurti sets, kurti, churidaar,Co-ord Sets,Semi formal Balzers, Shirts,Blouses, Tops/ Tunics, Dresses, Palazzo, skirt and dupatta.
As of June 30, 2024, the company has a total of 18 permanent employees in various departments, excluding the company directors
Kizi Apparels Limited IPO
Kizi Apparels Limited, an apparel manufacturing company based in Jaipur, Rajasthan, is planning an Initial Public Offering (IPO) to be listed on the SME Platform of the Bombay Stock Exchange (BSE). This analysis covers key aspects of the IPO, including its structure, financial information, and associated risks.
IPO Structure and Key Details
Listing Information
- Stock Exchange: BSE SME Platform
- Lead Manager: Interactive Financial Services Limited
- Registrar: Bigshare Services Private Limited
- Issue Opening Date: July 30, 2024
- Issue Closing Date: August 1, 2024
Financial Information
Financial Statements Overview
- Restated Financials: The restated financial statements for the years ending March 31, 2024, 2023, and 2022 have been examined by the independent auditor and prepared according to relevant guidelines.
- Key Financials:
- Assets and Liabilities: The company’s restated statement of assets and liabilities shows a structured financial position.
- Profit and Loss: Detailed profit and loss statements provide insights into revenue and expense trends over the past three years.
Risk Factors
Internal Risk Factors
- Regulatory Compliance: Issues with the irregular filing of forms with the Registrar of Companies, leading to potential penalties.
- Valuation Report Compliance: Lack of a valuation report from a registered valuer for a significant allotment of equity shares on June 3, 2023, which could attract regulatory scrutiny and penalties.
External Risk Factors
- Market Risks: The company operates in a highly competitive apparel industry, which is subject to market fluctuations and consumer preferences.
- Economic Conditions: Economic downturns can adversely affect the company’s financial performance and stock price.
Pros and Cons
Pros
- Established Market Presence: Kizi Apparels Limited has a significant presence in the apparel market, which could attract investors looking for stable returns.
- Experienced Management: The company’s management team has extensive experience in the apparel industry, which can drive growth and stability.
- Growth Potential: The IPO proceeds are intended to fund expansion plans, potentially leading to increased market share and profitability.
Cons
- Regulatory Risks: Non-compliance with regulatory requirements may result in financial penalties and damage to the company’s reputation.
- Market Volatility: The apparel industry is highly susceptible to changes in consumer behavior and economic conditions, which can affect financial performance.
- Dependency on Key Personnel: The company’s success is heavily dependent on its key management personnel, and any loss of these individuals could negatively impact operations.
Conclusion
Kizi Apparels Limited's IPO presents a mix of opportunities and risks for potential investors. While the company has a solid market presence and experienced management, regulatory and market risks cannot be ignored. Investors should carefully consider these factors before making an investment decision.
FAQs About Kizi Apparels Limited Ipo
Kizi Apparels Limited IPO will open on 30 Jul, 2024 and close on 01 Aug, 2024. Investors must apply within this period to participate.
The Kizi Apparels Limited IPO price band is set between ₹21.00 and ₹21.00 per share. The minimum lot size is 6000, requiring an investment of at least ₹126000.00.
The Kizi Apparels Limited IPO shares are expected to be listed on 06 Aug, 2024, subject to regulatory approvals and final allotment.
You can track your Kizi Apparels Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Kizi Apparels Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.