Kiaasa Retail was incorporated on April 20, 2018. The company is an ethnic wear brand offering a wide range of women’s apparel, footwear, and accessories, including salwar kameez, lehengas, jewellery, bags, and scarves. It provides affordable, high-quality fashion through exclusive brand outlets and online platforms to ensure wide accessibility
| Bidding Dates |
|---|
| 23 Feb 2026 - 25 Feb 2026 |
| Subscription |
|---|
| 1.99x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,42,000 | 2 | 2 | 1000 | 5.5 M | ₹121 - ₹127 | 50.21 % | ₹664.3 M - ₹697.2 M | RHP DOC |
Kiaasa Retail IPO SUBSCRIPTION STATUS
25 Feb '26Kiaasa Retail IPO overall subscription rate was 1.99 times the total available shares
Kiaasa Retail IPO retail subscription rate was 3.89 times in the retail segment
Kiaasa Retail IPO non-institutional investor subscription rate was 3.26 times in the non-institutional investor category
Kiaasa Retail IPO Qualified Institutional Bidder subscription rate was 0.28 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
25 Feb 2026 (Day 3) | 3.89x | 3.26x | 0.28x |
24 Feb 2026 (Day 2) | 0.94x | 1.87x | 0.02x |
23 Feb 2026 (Day 1) | 0.26x | 0.04x | 0.02x |
Kiaasa Retail FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| H1FY26 | 57.9 | 6.6 | -9.5 | -12.1 | 21.2% |
| FY25 | 120.7 | 8.4 | -11.9 | -28.8 | 12.8% |
| FY24 | 85.0 | 5.7 | 10.8 | 3.0 | 11.8% |
| FY23 | 50.0 | 2.5 | -3.2 | -3.9 | 9.9% |
Kiaasa Retail IPO SUBSCRIPTION STATUS DETAILS
Kiaasa Retail had 5.5 M shares on offer
Kiaasa Retail IPO offer price was in the range ₹121 - ₹127
Kiaasa Retail IPO minimum Investment was ₹242000
Kiaasa Retail IPO issue size was ₹ 664.3 M - ₹ 697.2 M
Kiaasa Retail had a minimum lot size of 1000 Shares per application
Kiaasa Retail NUMBER OF SHARES ON OFFER
Kiaasa Retail IPO IMPORTANT DATES
| Issue Open Date | 23 Feb 2026 |
| Issue close Date | 25 Feb 2026 |
| Allotment Date | 26 Feb 2026 |
| Refund Date | 27 Feb 2026 |
| Demat Account Credit Date | 27 Feb 2026 |
| Listing Date | 02 Mar 2026 |
| Listing on Exchange(s) | BSE |
| Kiaasa Retail Allotment Status | Exchange/ Registrar |
Kiaasa Retail IPO subscription opened on 23 Feb 2026, and closed on 25 Feb 2026
IPO allotment for Kiaasa Retail was finalized on Thursday, 26 Feb 2026
IPO listing for Kiaasa Retail was on BSE on Monday, 02 Mar 2026
Kiaasa Retail IPO LISTING GAINS
| Issue Price (adjusted) | 127.0 |
| Listing Open Price | 123.0 |
| Listing Close Price | 116.8 |
| Listing Gain% | -3.1% |
| Current Gain% | -73.6% |
Kiaasa Retail 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kiaasa Retail Ltd. | 33.5 | 61.1 | 5.5 | 0.2 | 0.5 | 10.2 | 4.1 | 135.2 | 11.2 | 11.2 | 23.9 | 6.1 | 23.9 |
| Vedant Fashions Ltd. | 516.9 | 12559.5 | 32.5 | -13.1 | 8.6 | 19.1 | 13.2 | 1529 | 3.9 | 375.5 | -3.3 | 15.9 | -2.5 |
| Aditya Birla Lifestyle Brands Ltd. | 93.9 | 11455.8 | 65.1 | 0.3 | 1.3 | 12.1 | 2 | 8480.9 | 7.2 | 171 | 187 | 1.4 | 189.8 |
| Aditya Vision Ltd. | 618.4 | 7986.5 | 57.5 | 2 | 2.7 | 17 | 7.9 | 2681.5 | 18.3 | 116.9 | 10.8 | 10.8 | 29.2 |
| Ethos Ltd. | 2782.1 | 7444.3 | 71.7 | 5.8 | 4.3 | 6.4 | 4.3 | 1658.4 | 30 | 94.8 | -1.6 | 38.8 | 12.3 |
| Electronics Mart India Ltd. | 165.8 | 6380.3 | 30.9 | 0.3 | 0.8 | 6.6 | 2.8 | 7191.4 | 3.1 | 107.1 | -33.1 | 5.4 | 88.8 |
Kiaasa Retail INFORMATION ON IPO ISSUE
About Kiaasa Retail
Kiaasa Retail was incorporated on April 20, 2018. The company is an ethnic wear brand offering a wide range of women’s apparel, footwear, and accessories, including salwar kameez, lehengas, jewellery, bags, and scarves. It provides affordable, high-quality fashion through exclusive brand outlets and online platforms to ensure wide accessibility
Object of the Issue
- Expenditure for opening new stores
- General corporate purposes
Kiaasa Retail - PROMOTERS
| Name |
|---|
| Om Prakash |
| Amit Chauhan |
Kiaasa Retail - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Om Prakash | Chairman & Managing Director |
| Amit Chauhan | Whole-time director |
| Aprajita Sinha | Non-Executive & Independent Director |
| Binod Kumar Ranjan | Non-Executive Director |
| Swami Tarunjay Bharti | Non-Executive & Independent Director |
| Komal | Non -Executive & Independent Director |
Kiaasa Retail Book Running Lead Manager
Expert Global Consultants Private Limited
ipo@expertglobal.in
Kiaasa Retail Registrar to the issue
Purva Sharegistry (India) Private Limited
newissue@purvashare.com
Kiaasa Retail Strengths
Local cultural designs
The company designs fashion collections that reflect regional styles and cultural preferences across India by collaborating with specialized designers and local experts. This approach strengthens customer connections and supports higher sales growth
Seasonal trends
The company plans product sourcing based on seasonal trends to keep collections fresh and relevant throughout the year. This strategy improves inventory management, reduces waste, and supports consistent sales and growth
Affordable prices
The company focuses on offering quality products at affordable prices by maintaining low costs and negotiating effectively with suppliers. This strategy enables competitive pricing, strengthens customer loyalty, and supports steady revenue growth
Kiaasa Retail Risks
Brand image risks
The company’s success depends on maintaining and promoting a strong brand image in the competitive fashion retail market, as any negative publicity or customer dissatisfaction may harm its reputation. Ineffective sales and marketing strategies or failure to adapt to market trends could limit brand recognition and adversely affect business performance
Project expansion & cost overrun risks
The company’s plans to open new stores are subject to risks such as delays, cost overruns, regulatory hurdles, and other unforeseen factors beyond management’s control. Any failure to complete expansions on time or within budget may affect expected benefits and adversely impact financial performance and cash flows
Competition
The company operates in a highly competitive market with strong domestic and international players, which may impact its growth, market share, and financial performance. Competitors may have advantages such as greater financial strength, better brand recognition, advanced capabilities, and wider distribution networks
IPO FAQs
The promoters of the company are Om Prakash and Amit Chauhan.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 121.0 - 127.0.
The IPO application opens on Feb 23, 2026 and closes on Feb 25, 2026.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 242,000.0, the maximum value for this IPO is Rs 254,000.0.
This IPO will be allotted on Feb 26, 2026.
The refund will be credited to your account on Feb 27, 2026.
The allotted shares will be credited to your demat on Feb 27, 2026.
Kiaasa Retail Ltd.’s shares listed on the stock exchanges on Mar 02, 2026.