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:Kurtas and Kurta SetsSuit SetsLehenga SetsBottoms and DupattasAccessoriesKiaasa 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:Strong Leadership and Fast Growth.Designs That Connect with Local Culture.Strict Quality Checks for Every ProductAffordable Prices Without Compromising Quality.
| Category | Shares Offered* | Total Amt* (₹ Cr.) |
|---|---|---|
|
Anchor
|
275,000 | ₹3.490 |
|
QIB (Ex Anchor)
|
52,000 | ₹0.660 |
|
NII
|
2,087,000 | ₹26.500 |
|
Retail
|
3,076,000 | ₹39.070 |
| Total ** | 5,490,000 | ₹69.720 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min — 2 Lots) | 2 | 2,000 | ₹254,000 |
| Retail (Max — 13 Lots) | 13 | 13,000 | ₹1,651,000 |
| S-HNI (Min — 14 Lots) | 14 | 14,000 | ₹1,778,000 |
| S-HNI (Max — 66 Lots) | 66 | 66,000 | ₹8,382,000 |
| B-HNI (Min — 67 Lots) | 67 | 67,000 | ₹8,509,000 |
| Category | QIB | NII | Retail | Total | ||||
|---|---|---|---|---|---|---|---|---|
| Ex. Anchor | Anchor Investor | Total QIB | Below ₹10L | Above ₹10L | Total NII | |||
| Allocation (No. of shares) | — | — | — | — | — | 2,087,000 | 3,076,000 | 5,163,000 |
| Allotment price (Rs.) | 127 | 127 | 127 | 127 | 127 | 127 | 127 | 127 |
| No. of applications | — | — | — | — | — | — | — | — |
| No. of shares applied | — | — | — | — | — | — | — | — |
| Amount collected (Rs.cr.) | 0.66 | 3.49 | 4.15 | — | — | 26.50 | 39.07 | 69.72 |
| No. of times subscribed | — | — | — | — | — | — | — | — |
| No. of shares allotted | — | — | — | — | — | 2,087,000 | 3,076,000 | 5,163,000 |
| Amount (Rs.cr.) | 0.66 | 3.49 | 4.15 | — | — | 26.50 | 39.07 | 65.57 |
| No. of allottees | — | — | — | — | — | — | — | — |
| Category | Shares Offered | Amt (₹ Cr) | Size (%) |
|---|---|---|---|
| Anchor / Market Maker | 275,000 | ₹3.49 |
5.01%
|
| QIB (Ex Anchor) | 52,000 | ₹0.66 |
0.95%
|
| NII / HNI | 2,087,000 | ₹26.50 |
38.01%
|
| Retail (RII) | 3,076,000 | ₹39.07 |
56.03%
|
| Total | 5,490,000 | ₹69.72 |
100.00%
|
| Particulars | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue from Operations | 58.01 | 120.70 | 85.19 |
| EBITDA | 12.26 | 15.49 | 10.01 |
| Profit After Tax (PAT) | 6.64 | 8.38 | 5.74 |
| Net Worth | 47.31 | 40.67 | 12.71 |
| Total Assets | 181.81 | 144.30 | 95.42 |
| Reserves & Surplus | 34.57 | 27.93 | 8.21 |
| Total Borrowings | 43.03 | 28.67 | 15.88 |
| EBITDA Margin (%) | 21.17% | — | — |
| PAT Margin (%) | 11.46% | — | — |
Kiaasa Retail Ltd proposes to utilize the net proceeds raised through this IPO for the following objects as stated in the Draft Red Herring Prospectus (DRHP) filed with SEBI: