Founded in 2018, Kiaasa Retail is a rapidly growing women’s ethnic and fusion wear brand based in Ghaziabad. The brand focuses on providing high-quality, affordable fashion that connects with local Indian culture.
Kiaasa Retail Ltd IPO
BSE SME IPO | Fashion & Ethnic Wear Leader | 100+ Stores Pan-India
| Event | Important Date |
|---|---|
| IPO Opens | Monday, Feb 23, 2026 |
| IPO Closes | Wednesday, Feb 25, 2026 |
| Basis of Allotment | Thursday, Feb 26, 2026 |
| Refund / Share Credit | Friday, Feb 27, 2026 |
| Tentative Listing Date | Monday, Mar 2, 2026 |
| Application Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 2 Lots | 2,000 | ₹2,54,000 |
| Retail (Maximum) | 2 Lots | 2,000 | ₹2,54,000 |
| Small HNI (Min) | 3 Lots | 3,000 | ₹3,81,000 |
| Small HNI (Max) | 7 Lots | 7,000 | ₹8,89,000 |
| Big HNI (Min) | 8 Lots | 8,000 | ₹10,16,000 |
| Period Ended | Revenue | PAT (Profit) | Net Worth | Borrowings |
|---|---|---|---|---|
| 28-Feb-2025 (11M) | 107.67 | 7.38 | 39.67 | 25.14 |
| 31-Mar-2024 | 85.19 | 5.74 | 12.71 | 15.88 |
| 31-Mar-2023 | 50.18 | 2.46 | 2.96 | 21.17 |
| 31-Mar-2022 | 26.75 | 1.36 | 0.50 | 15.65 |
Key Performance Indicators
ROE: 73.29% (FY24)
ROCE: 33.23% (FY24)
PAT Margin: 6.75%
Debt/Equity: 1.25
RoNW: 45.19%
Issue Structure
Total Issue: ₹69.72 Cr
Fresh Issue: 100% (54.90 Lakh Shares)
Promoter Holding (Post): 50.22%
Face Value: ₹10 per share
Retail Portion: 35% of Net Issue
Founded in 2018, Kiaasa Retail is a rapidly growing women’s ethnic and fusion wear brand based in Ghaziabad. The brand focuses on providing high-quality, affordable fashion that connects with local Indian culture.
Retail Footprint: Over 113 brand outlets across 70 cities. The company operates through FOFO (Franchise Owned Franchise Operated), COCO, and FICO models to maintain lean operations while scaling fast.
Products: Kurtas, Kurta Sets, Lehenga Sets, Salwar Kameez, Accessories, and Jewellery.
- Expansion: ₹50.37 Cr dedicated to opening new retail stores across India.
- Corporate Purpose: General business growth and working capital needs.