Kiaasa Retail
CLOSEDIPO Date: 23 Feb - 25 Feb 2026
Listing Date: 2 Mar 2026
Price Range
Rs.121 - Rs.127
Issue Size
70 Cr
Min Investment
₹1,21,000
Lot Size
1000 Shares
Schedule of Kiaasa Retail
Issue open date
23 Feb 2026
Issue close date
25 Feb 2026
UPI mandate deadline
25 Feb 2026 (5 PM)
Allotment finalization
26 Feb 2026
Share credit
27 Feb 2026
Listing date
2 Mar 2026
Mandate end date
12 Mar 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 70 Cr |
| Fresh Issue | 0 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 26 Feb 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 1 Mar 2026 | ₹127 | ₹0 | ₹127 (0%) |
| 28 Feb 2026 | ₹127 | ₹0 | ₹127 (0%) |
| 27 Feb 2026 | ₹127 | ₹0 | ₹127 (0%) |
| 24 Feb 2026 | ₹127 | ₹26 | ₹153 (20.47%) |
| 22 Feb 2026 | ₹127 | ₹0 | ₹127 (0%) |
| 21 Feb 2026 | ₹127 | ₹0 | ₹127 (0%) |
| 20 Feb 2026 | ₹127 | ₹0 | ₹127 (0%) |
| 19 Feb 2026 | ₹127 | ₹0 | ₹127 (0%) |
| 18 Feb 2026 | ₹127 | ₹0 | ₹127 (0%) |
Performance Kiaasa Retail
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| Rs.121 - Rs.127 | ₹ 275 (-3.15%) | ₹ 48.75 | -61.61% |
About Kiaasa Retail
Kiaasa Retail Limited is an ethnic wear retail company focused on women’s apparel, footwear, and accessories. The company was incorporated as Kiaasa Retail LLP in 2018, converted into a private limited company in 2022, and became a public limited company in October 2024. The company’s product portfolio includes salwar kameez, lehengas, jewellery, bags, and scarves. It operates through exclusive brand outlets and an online platform. Its retail network functions under FOFO (Franchise Owned, Franchise Operated), COCO (Company Owned, Company Operated), and FICO (Franchise Invested, Company Operated) models. Kiaasa adopted an omnichannel approach in October 2022 by integrating physical stores with digital platforms. It also acquired the brands ‘U-Women’ in December 2021 and ‘LAABHA’ in February 2022. Kiaasa began operations with its first store in Kamla Nagar, Delhi, in June 2018. As of the date of the prospectus, it operates over 113 exclusive brand outlets across 70 cities in India, supported by an ERP-based operational system.
| Founded in | 2018 |
| Managing director | Mr Om Prakash |
| Parent organization |
Financial Overview
Strengths
- Strong focus on women’s ethnic wear with a clear brand identity.
- Wide product portfolio including apparel, footwear, and accessories.
- Omni-channel presence through exclusive outlets and online platforms.
- Scalable franchise-led expansion model.
- Consistent revenue growth and improving profitability in recent years.
Risks
- High revenue concentration in Uttar Pradesh.
- Dependence on franchise partners for retail expansion.
- Exposure to supply chain and vendor concentration risks.
- Pending litigations and GST-related contingencies.
- Delays in regulatory licenses and past statutory compliance gaps.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 14.98 |
| Non-Institutional Investors (NIIs) | 1.14 |
| Retail Individual Investors (RIIs) | 2.36 |
| Employee | N/A |
| Total | 1.95 |