Kiaasa Retail IPO GMP, Review, Price, Allotment

Kiaasa Retail IPO Description – Incorporated in 2018, Kiaasa Retail is a rapidly growing ethnic wear brand in India. The company specializes in women’s apparel, footwear, and accessories, offering products such as salwar kameez, lehengas, kurtas, gowns, dresses, bottom wear, jewelry, handbags, and scarves. As of 28 February 2025, Kiaasa operates 113 exclusive brand outlets (EBOs) across 70 cities through three models: Franchise Owned Franchise Operated (FOFO), Franchise Invested Company Operated (FICO), and Company Owned Company Operated (COCO).

The company has diversified its retail strategy by launching the “Nine99 Store” concept in December 2023, targeting price-sensitive customers in Tier 2 and Tier 3 cities with products priced below INR 999. Additionally, it has transitioned into an omnichannel model, integrating offline stores with digital platforms such as Flipkart, Amazon, Myntra, and Limeroad, to enhance customer reach and convenience.

Promoters of Kiaasa Retail – Mr. Om Prakash and Mr. Amit Chauhan

Kiaasa Retail Offer Details

Kiaasa Retail IPO Dates	23 – 25 February 2026
Kiaasa Retail Issue Price	INR 121 – 127 per share
Fresh Issue	54,90,000 shares (INR 66.43 – 69.72 crore)
Offer For Sale	Nil
Total IPO Size	54,90,000 shares (INR 66.43 – 69.72 crore)
Minimum Bid	2,000 shares (INR 2,54,000)
Lot Size	1,000 shares (INR 1,27,000)
Face Value	INR 10 per share
Individual Allocation	35%
Listing On	BSE SME

Kiaasa Retail Financial Performance

	FY 2022	FY 2023	FY 2024	11M FY 2025
Revenue	26.33	50.04	85.04	107.66
Expenses	25.36	46.72	77.33	97.80
Net income	1.36	2.46	5.74	7.38

Figures in INR Crores unless specified otherwise

Kiaasa Retail Offer News

Kiaasa Retail Valuations & Margins

	FY 2022	FY 2023	FY 2024
EPS	27.12	49.24	55.45
PE ratio	–	–	2.18 – 2.29
RONW (%)	270.32	83.07	45.19
NAV	10.03	59.27	28.23
ROCE (%)	11.42	17.94	33.23
EBITDA (%)	7.94	9.88	11.77
Debt/Equity	31.19	7.14	1.25

*Compiled by IPO Central from Prospectus

Kiaasa Retail IPO GMP Today

Kiaasa Retail IPO Subscription – Live Updates

Coming soon

The market maker reservation portion of () shares and the anchor investor portion of () shares are not included in the above calculations.

Kiaasa Retail IPO Allotment Status

Kiaasa Retail IPO allotment status will be available on the Purva Sharegistry website. Click on this link to get the allotment status.

Kiaasa Retail IPO Dates & Listing Performance

IPO Opening Date	23 February 2026
IPO Closing Date	25 February 2026
Finalization of Basis of Allotment	26 February 2026
Initiation of refunds	27 February 2026
Transfer of shares to demat accounts	27 February 2026
IPO Listing Date	2 March 2026
Opening Price on BSE SME	Coming soon
Closing Price on BSE SME	Coming soon

Kiaasa Retail Offer Lead Manager

EXPERT GLOBAL CONSULTANTS PRIVATE LIMITED
503& 504, RG Trade Tower, Netaji Subhash Place,
Pitampura, New Delhi –110034,
Phone: +91 11 4509 8234
Email: [email protected]
Website: www.expertglobal.in

Kiaasa Retail Offer Registrar

PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
Unit no. 9 Shiv Shakti Ind. Estt J R. Boricha Marg,
Lower Parel (E), Mumbai 400 011
Tel: +91 2249614132
E-mail: [email protected]
Website: www.purvashare.com

KIAASA RETAIL LIMITED
Plot No 1/65, First Floor, SSGT Road,
Industrial Area, Ghaziabad-201001
Phone: +91 9319008599
E-mail: [email protected]
Website: www.kiaasa.com