Kizi Apparels Ltd. was incorporated on March 24, 2023. The company is engaged in the manufacturing and trading of readymade garments.
| Bidding Dates |
|---|
| 30 Jul 2024 - 01 Aug 2024 |
| Subscription |
|---|
| 109.65x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,26,000 | 1 | 1 | 6000 | 2.7 M | ₹21 | 56.35 % | ₹55.8 M | RHP DOC |
Kizi Apparels IPO SUBSCRIPTION STATUS
01 Aug '24Kizi Apparels IPO overall subscription rate was 109.65 times the total available shares
Kizi Apparels IPO retail subscription rate was 132.37 times in the retail segment
Kizi Apparels IPO non-institutional investor subscription rate was 86.93 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
01 Aug 2024 (Day 3) | 132.37x | 86.93x | - |
31 Jul 2024 (Day 2) | 22.12x | 3.03x | - |
30 Jul 2024 (Day 1) | 7.48x | 1.21x | - |
Kizi Apparels FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 72.2 | 2,026.5 | -313.0 | -324.2 | 8.0% |
| FY23 | 55.0 | 1,548.1 | -226.2 | -226.8 | 7.5% |
| FY22 | 20.6 | 498.9 | -28.9 | -26.4 | 2.5% |
Kizi Apparels IPO SUBSCRIPTION STATUS DETAILS
Kizi Apparels had 2.7 M shares on offer
Kizi Apparels IPO offer price was ₹21
Kizi Apparels IPO minimum Investment was ₹126000
Kizi Apparels IPO issue size was ₹ 55.8 M
Kizi Apparels had a minimum lot size of 6000 Shares per application
Kizi Apparels NUMBER OF SHARES ON OFFER
Kizi Apparels IPO IMPORTANT DATES
| Issue Open Date | 30 Jul 2024 |
| Issue close Date | 01 Aug 2024 |
| Allotment Date | 02 Aug 2024 |
| Refund Date | 05 Aug 2024 |
| Demat Account Credit Date | 05 Aug 2024 |
| Listing Date | 06 Aug 2024 |
| Listing on Exchange(s) | BSE |
| Kizi Apparels Allotment Status | Exchange |
Kizi Apparels IPO subscription opened on 30 Jul 2024, and closed on 01 Aug 2024
IPO allotment for Kizi Apparels was finalized on Friday, 02 Aug 2024
IPO listing for Kizi Apparels was on BSE on Tuesday, 06 Aug 2024
Kizi Apparels IPO LISTING GAINS
| Issue Price (adjusted) | 21.0 |
| Listing Open Price | 23.1 |
| Listing Close Price | 24.3 |
| Listing Gain% | 10.2% |
| Current Gain% | -12.6% |
Kizi Apparels Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kizi Apparels Ltd. | 18.4 | 14.3 | 18.5 | -1.9 | 0.3 | 6.9 | 3.6 | 42.8 | 61.9 | 1 | 17.1 | 1 | -9.5 |
| Lenskart Solutions Ltd. | 569.7 | 99054.9 | 200.7 | 11.2 | 5.6 | 3.4 | 8988.3 | 28.2 | 493.6 | 67 | 2.8 | ||
| Page Industries Ltd. | 39900 | 44504.1 | 58.3 | 12.2 | 8.5 | 50.8 | 26.7 | 5310.7 | 6.3 | 763.8 | 4.8 | 684.8 | 4.8 |
| Pearl Global Industries Ltd. | 2464.1 | 11381.8 | 36.7 | 1.5 | 2.1 | 19 | 8.6 | 5061.7 | 11.5 | 277.7 | 11.8 | 67.2 | 23.7 |
| Safari Industries (India) Ltd. | 1486.6 | 7267.4 | 44 | 4.1 | 3.4 | 15 | 11.6 | 2071.8 | 15.1 | 167.8 | 17.5 | 33.8 | 10.9 |
| Arvind Fashions Ltd. | 458.8 | 6132.7 | 51.3 | 0.1 | 1.1 | 13 | 2.9 | 5307 | 14 | 122.6 | 444.6 | 8.9 | 591.7 |
Kizi Apparels INFORMATION ON IPO ISSUE
About Kizi Apparels
Kizi Apparels Ltd. was incorporated on March 24, 2023. The company is engaged in the manufacturing and trading of readymade garments.
Object of the Issue
- Repayment of unsecured loans
- To meet long-term working capital requirements
- General corporate purposes
Kizi Apparels - PROMOTERS
| Name |
|---|
| Abhishek Nathani |
| Kiran Nathani |
Kizi Apparels Lead Manager of the Issue
Interactive Financial Services Limited
mbd@ifinservices.in
Kizi Apparels Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Kizi Apparels Strengths
Quality
The company is committed to delivering unmatched quality and believes in crafting garments that stand the test of time, reflecting the essence of the brand
Innovation
The company embraces innovation as a driving force, allowing it to evolve and adapt in a rapidly changing industry
Kizi Apparels Risks
Short operating history
The company's short span of operating history makes it difficult to assess its future prospects and historic growth rates or results of operations which may not be representative or reliable indicators of its future performance.
Outstanding litigations
There are outstanding litigations by and against the company which if determined against it, could adversely impact financial conditions
IPO FAQs
The promoters of the company are Abhishek Nathani and Kiran Nathani.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 21.0 - 21.0.
The IPO application opens on Jul 30, 2024 and closes on Aug 01, 2024.
The minimum lot size for the IPO is 6000. The maximum lot size for the IPO is 6000.
For all category investors, the minimum application amount for this IPO is Rs. 126,000.0, the maximum value for this IPO is Rs 126,000.0.
This IPO will be allotted on Aug 02, 2024.
The refund will be credited to your account on Aug 05, 2024.
The allotted shares will be credited to your demat on Aug 05, 2024.
Kizi Apparels Ltd.’s shares listed on the stock exchanges on Aug 06, 2024.