| IPO Listing At | BSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹69.74 Cr |
| Reserved for Market Maker | ₹3.49 Cr |
| Net Issue Size | ₹69.74 Cr |
| Fresh Issue | ₹66.24 Cr |
| Face Value | โน10 Per Equity Share |
| Price Band | โน121.00-127.00 per share |
| BSE Code | 544711 |
| Registrar | Purva Sharegistry (India) Pvt.Ltd. |
| Lead Managers | Expert Global Consultants Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,000 shares ยท Multiples of 1,000 shares
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:
Kiaasa is an ethnic wear brand offering a range of women's apparel, footwear, and accessories, including salwar kameez, lehengas, jewellery, bags, and scarves.
The brand meets the fashion needs of Indian women with high-quality, affordable products that reflect individuality.
The company operate through exclusive outlets and online platforms for greater accessibility.
The company has 113 brand outlets in 70 cities, plus an online presence.
The company operates via three models: FOFO (Franchise Owned Franchise Operated), COCO (Company Owned Company Operated), and FICO (Franchise Invested Company Operated), enabling efficient retail network management.
As of February 28, 2025, the company had 340 full-time employees.
Competitive strength:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 1 | Expenditure for opening new stores | 46.45 |
| 2 | General Corporate Purposes | 10.00 |
| 3 | Issue Expenses | 13.28 |
| Total | 69.72 |
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 181.81 | 144.30 | 95.42 | 54.26 |
| Total Income | 58.01 | 120.70 | 85.19 | 50.18 |
| Profit After Tax | 6.64 | 8.38 | 5.74 | 2.46 |
| EBITDA | 12.26 | 15.49 | 10.01 | 4.95 |
| NET Worth | 47.31 | 40.67 | 12.71 | 2.96 |
| Reserves and Surplus | 34.57 | 27.93 | 8.21 | 2.46 |
| Total Borrowing | 43.03 | 28.67 | 15.88 | 21.17 |
| Amount in ₹ Crore | ||||
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 20.20% | 42.36% |
| ROCE | 12.02% | 20.34% |
| Debt / Equity | 0.91% | 0.70% |
| RoNW | 14.03% | 20.60% |
| PAT Margin | 11.46% | 6.94% |
| EBITDA Margin | 21.17% | 12.84% |
| Price to Book Value | 3.42 | 3.98 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 6.58 | 7.28 |
| P/E (x) | 19.31 | 17.44 |
| Promoter Holding | 71.84% | 50.22% |
| Market Cap | โน231.51 Cr. | |