Kiaasa Retail is entering the public markets through SME IPO with an issue size of ₹69.72 crore. The issue consists of a fresh issue of equity shares. The shares are proposed to be listed on BSE & SME.
The IPO subscription window opens on February 23, 2026 and will remain open until February 25, 2026. The company plans to list its shares on March 2, 2026. Being an SME IPO, the issue may appeal to investors familiar with lower liquidity listings.
Kiaasa Retail Limted IPO Timeline
IPO Quick Facts
This section covers the main IPO details of Kiaasa Retail that investors generally review before applying.
IPO Details at a Glance
| Company Name | Kiaasa Retail |
|---|---|
| IPO Segment | SME |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Price | ₹127 Per Share |
| Lot Size | 1,000 Shares |
| Face Value | ₹10 Per Share |
| Exchange | BSE & SME |
IPO Documents
| RHP | DRHP | Prospectus |
|---|---|---|
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Investor Category & Share Allocation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| Market Maker | 275,000 | 5.01% |
| Qualified Institutional Buyers (QIB) | 52,000 | 0.95% |
| NII (HNI) | 2,087,000 | 38.01% |
| — bNII > ₹10L | 1,391,000 | 25.34% |
| — sNII < ₹10L | 696,000 | 12.68% |
| Retail | 3,076,000 | 56.03% |
| Total Shares Offered | 5,490,000 | 100.00% |
Kiaasa Retail IPO Important Dates
The following table highlights the key dates for the Kiaasa Retail IPO, covering the subscription period and the expected listing timeline.
| IPO Opening Date | 23 Feb 2026 |
|---|---|
| IPO Closing Date | 25 Feb 2026 |
| Allotment Finalization | 26 Feb 2026 |
| Initiation of Refunds | 27 Feb 2026 |
| Credit of Shares | 27 Feb 2026 |
| IPO Listing Date | 02 Mar 2026 |
Kiaasa Retail IPO Size & Structure
| Total IPO Size | ₹69.72 Crore |
|---|---|
| Fresh Issue | ₹69.72 Crore |
Kiaasa Retail IPO Lot Size & Minimum Investment
The table below shows the lot size and investment amount for the Kiaasa Retail IPO, which is a fixed price IPO priced at ₹127 per share.
Investors can apply for the IPO with a minimum of 1000 shares. Applications must be made in multiples of 1000 shares.
- Retail investors can apply from 2 lot to 2 lots.
- Small HNI (SHNI) investors must apply for at least 3 lots.
- Big HNI (BHNI) investors need to apply for a minimum of 8 lots.
This information helps investors understand the minimum investment required before applying for the IPO.
Note: Retail investors generally apply at the cut-off price, which is ₹127 per share.
| Category | Lots | Shares | Price | Amount |
|---|---|---|---|---|
| Retail (Min) | 2 | 2,000 | ₹127 | ₹254,000 |
| Retail (Max) | 2 | 2,000 | ₹127 | ₹254,000 |
| S-HNI (Min) | 3 | 3,000 | ₹127 | ₹381,000 |
| S-HNI (Max) | 7 | 7,000 | ₹127 | ₹889,000 |
| B-HNI | 8 | 8,000 | ₹127 | ₹1,016,000 |
Kiaasa Retail IPO GMP (Grey Market Premium)
The latest Kiaasa Retail IPO GMP (Grey Market Premium), along with Kostak rates and Subject to Sauda rates, helps in understanding market sentiment. The current Kiaasa Retail IPO GMP is ₹0 (0.00%), compared to the IPO issue price of ₹127. Based on the current GMP, the expected listing price is around ₹127. The Lowest GMP was ₹0 on 28 Feb 2026, while the highest GMP reached ₹26 on 24 Feb 2026.
Kiaasa Retail IPO was listed on the stock exchange on 02 Mar 2026. The IPO was subscribed 1.98 times. The first reported GMP was ₹0 (0%), while the latest recorded GMP stood at ₹0 (0%).Listing Details:
- Issue Price: ₹127 per share.
- Listing Price: ₹123.00 (approx. 3.15% discount)
- Listing Date: 02 Mar 2026
Kiaasa Retail IPO GMP Today - Trend Analysis
| Date | Issue Price (₹) | GMP Price (₹) | Estimated Gain (%) | Estimated Price (₹) | Estimated Profit (₹) |
|---|---|---|---|---|---|
| 28 Feb 2026 | ₹127 | ▼ ₹0 | ▼ 0% | ₹127 | ₹0 |
| 27 Feb 2026 | ₹127 | ₹4 | 3.15% | ₹131 | ₹8,000 |
| 26 Feb 2026 | ₹127 | ₹4 | 3.15% | ₹131 | ₹8,000 |
| 25 Feb 2026 | ₹127 | ▼ ₹4 | ▼ 3.15% | ₹131 | ₹8,000 |
| 24 Feb 2026 | ₹127 | ₹26 | 20.47% | ₹153 | ₹52,000 |
| 23 Feb 2026 | ₹127 | ▲ ₹26 | ▲ 20.47% | ₹153 | ₹52,000 |
| 21 Feb 2026 | ₹127 | ₹0 | 0% | ₹127 | ₹0 |
| 20 Feb 2026 | ₹127 | ₹0 | 0% | ₹127 | ₹0 |
| 19 Feb 2026 | ₹127 | ₹0 | 0% | ₹127 | ₹0 |
| 18 Feb 2026 | ₹127 | ₹0 | 0% | ₹127 | ₹0 |
Kiaasa Retail IPO GMP gives retail and institutional investors an idea about short-term market expectations. Although grey market premium does not guarantee listing performance, it is still commonly referred to while analysing IPOs. Investors are advised to look at Kiaasa Retail fundamentals along with IPO GMP data before making any investment decision.
GMP Disclaimer: GMP (Grey Market Premium) prices are unofficial and only reflect market sentiment. We neither participate in grey-market trading nor encourage it. Investors are strongly advised to review the company’s fundamentals, risks, and official documents before considering an investment in the Kiaasa Retail IPO.
Kiaasa Retail IPO Subscription Status
Kiaasa Retail IPO was subscribed 1.98 times overall on the final day of bidding (as of 25 Feb 2026).The subscription opened on 23 Feb 2026. The Retail portion was subscribed 2.41 times, while QIB and NII categories were subscribed 14.98 times and 1.14 times respectively.
Subscription by Category (QIB, NII, Retail, Employee)
Daily Subscription Trend (Day-wise):
| Date | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| 23 Feb 2026 | — | — | — | — | 0.1x |
| 24 Feb 2026 | 1x | 0.65x | 0.59x | — | 0.62x |
| 25 Feb 2026 | 14.98x | 1.14x | 2.41x | — | 1.98x |
The Kiaasa Retail IPO opened with a steady response on Day-1, supported mainly by early interest from QIB investors.
On Day-2, the Kiaasa Retail IPO witnessed better demand, led by increased participation from QIB, followed by NII investors.
By the end of the bidding period, the IPO was subscribed 1.98x overall, reflecting strong demand from key investor categories, led by QIB, followed by Retail and NII investors. Overall subscription for the Kiaasa Retail IPO increased from 0.1x on Day-1 to 1.98x by the final day.
Kiaasa Retail IPO Final Subscription
| Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | 14.98x |
| Non-Institutional Investors (NII) | 1.14x |
| Retail Investors | 2.42x |
| Total | 1.99x |
Kiaasa Retail IPO Allotment Status
The Kiaasa Retail IPO allotment status was released on 26 Feb 2026. Investors who applied for the IPO can now check their Kiaasa Retail allotment status online through the official registrar website and NSE / BSE portal.
- 🗓 Allotment Date: 26 Feb 2026
- 📈 Listing Date: 02 Mar 2026
How to Check Kiaasa Retail IPO Allotment Status Online?
Investors can check the Kiaasa Retail IPO allotment status online through Purva Sharegistry India Private Limited and BSE websites. All platforms provide easy access to the IPO allotment details.
Just follow the below mentioned steps to check your allotment status.You can also visit
Purva Sharegistry India
to know more about the IPO registrar.
Check on Purva Sharegistry India Private Limited (IPO Registrar)
- Visit → Purva Sharegistry India Private Limited
- Select Kiaasa Retail
- Enter Application Number OR PAN Number
- Click Search to view allotment status
Check on BSE (Bombay Stock Exchange) Website
- Visit → BSE Website.
- Select Issue Type: Equity.
- Choose Kiaasa Retail IPO.
- Enter your PAN or Application Number.
- Click on Search button.
The Bombay Stock Exchange (BSE) also allows investors to check the Kiaasa Retail IPO allotment status online.
Note: Allotment status is published only on the official registrar websites. We do not collect investor data or provide allotment verification directly.
How to Apply for Kiaasa Retail IPO?
Login to Your Trading App
Open your trading app such as Angel One, Zerodha, Upstox, Groww or any brokerage app.
Go to the IPO Section
Navigate to the IPO section in the app, search for the IPO, and enter your bid details.
Enter Your UPI ID
Provide your UPI ID that is linked to your bank account for payment authentication.
Approve the Mandate
Open your UPI app and approve the payment mandate to block the required amount.
Application Confirmation
Application submitted successfully, the funds will remain blocked until allotment is finalized.
Kiaasa Retail made a weak debut on the stock market on 02 Mar 2026, listing at ₹123, which was -₹4 lower (-3.15%) than its IPO issue price of ₹127. This indicated a negative listing sentiment, and IPO investors faced an immediate notional loss on debut.
Selling pressure continued throughout the session, and the stock slipped further by -5.00% from the listing price, closing at ₹116.85. From the IPO issue price, this translated into a total decline of -₹10 per share (-7.99%) by the end of the day.
For investors who were allotted one lot of 1000 shares, the investment of ₹127,000 reduced to ₹116,850. Investors booked an overall loss of -₹10,150 per lot on the listing day.
📌 IPO Issue Price and Lot Size
The IPO of Kiaasa Retail was offered in the price band of ₹127 to ₹127 per share.
- The final issue price was fixed at ₹127.
- One lot consisted of 1000 shares.
- Minimum investment: ₹127 × 1000 = ₹127,000
- Investment after Day-1: ₹116.85 × 1000 = ₹116,850
- By the end of the listing session, investors faced a loss of -₹10,150 per lot.
📌 IPO Subscription Analysis
| Day | QIB | NNI | Retail | Total |
|---|---|---|---|---|
| Day 1 | 0x | 0x | 0x | 0.1x |
| Day 2 | 1x | 0.65x | 0.59x | 0.62x |
| Day 3 | 14.98x | 1.14x | 2.41x | 1.98x |
📌 Final Assessment
Overall Outcome: Average IPO
- Subscription Phase: Weak investor participation
- Listing Phase: Neutral listing performance
- Investor Experience: Negative short-term experience
About Kiaasa Retail Limted
Kiaasa Retail Limited is an ethnic wear brand focused exclusively on women’s fashion. The Company was originally incorporated as Kiaasa Retail LLP in April 2018. It was later converted into a private limited company in June 2022 and subsequently into a public limited company in January 2025.
IPO Financial Summary
- Total Assets changed by 51.23% in FY 2024-2025.
- Total Revenue changed by 41.68% in FY 2024-2025.
- Profit After Tax changed by 45.99% in FY 2024-2025.
- Reserves & Surplus changed by 240.19% in FY 2024-2025.
- Total Borrowings changed by 80.54% in FY 2024-2025.
| Metric | 2025-09-30 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Total Assets (₹ Cr) | 181.81 | 144.30 | 95.42 | 54.26 |
| Total Revenue (₹ Cr) | 58.01 | 120.70 | 85.19 | 50.18 |
| Profit After Tax (₹ Cr) | 6.64 | 8.38 | 5.74 | 2.46 |
| Reserves & Surplus (₹ Cr) | 34.57 | 27.93 | 8.21 | 2.46 |
| Total Borrowings (₹ Cr) | 43.03 | 28.67 | 15.88 | 21.17 |
Kiaasa Retail Peer Comparison
The following table helps investors compare Kiaasa Retail IPO with its listed peers based on important financial and valuation parameters as of March 31, 2025.
| # | Company Name | EPS (₹) | P/E (x) | NAV (₹) | P/BV (x) | RoNW (%) |
|---|---|---|---|---|---|---|
| 1 | Kiaasa Retail Limited | 6.58 | - | 31.93 | - | 20.60 |
| 2 | Monte Carlo Fashion Limited | 39.15 | 17.11 | 40.23 | 16.75 | 9.73 |
| 3 | Kewal Kiran Clothing Limited | 23.44 | 23.59 | 13.31 | 42.54 | 18.20 |
| 4 | Purple United Sales Limited | 13.59 | 33.61 | 6.30 | 76.00 | 17.30 |
Utilisation of Proceeds
The Company proposes to utilise the net IPO proceeds of approximately ₹112.90 crore towards the following objectives:
| # | Purpose | Amount (₹ Cr) | % of Total |
|---|---|---|---|
| 1 | Expenditure for opening new stores | 46.45 | 41.14% |
| 2 | General corporate purposes | 10.00 | 8.86% |
| 3 | Total | 56.45 | 50.00% |
| Total | 112.90 | 100% | |
Kiaasa Retail IPO Promoter Holding
| Promoter(s) | Mr. Om Prakash and Mr. Amit Chauhan |
|---|---|
| Pre-Issue Holding | 71.84% |
| Post-Issue Holding | 50.22% |
Kiaasa Retail IPO FAQs
The Kiaasa Retail IPO is a SME Bookbuilding IPO with a total issue size of ₹69.72 crore. The issue consists of a fresh issue of ₹69.72 crore.
The IPO will open for subscription on Mon, 23 Feb 2026 and will close on Wed, 25 Feb 2026.
The shares are being offered at a fixed issue price of ₹127 per equity share.
Investors can apply for the IPO with a minimum lot size of 1,000 shares.
At the upper price band, the minimum investment required for one lot is approximately ₹254,000.
The shares of Kiaasa Retail are expected to be listed on BSE & SME on Mon, 02 Mar 2026.
The Grey Market Premium (GMP) of Kiaasa Retail IPO is ₹0.
The Kiaasa Retail IPO was subscribed 1.99 times on the final day of subscription.
The retail portion is subscribed 2.41 times as of 25 Feb 2026.
The QIB portion is subscribed 14.98 times and the NII portion is subscribed 1.14 times .
The IPO registrar of Kiaasa Retail is Purva Sharegistry India Private Limited. Purva is responsible for processing IPO applications, finalizing allotment, crediting shares, and initiating refunds.
The allotment date is expected on Thu, 26 Feb 2026.
Allotment status is generally updated in the evening (6 PM – 10 PM) on Thu, 26 Feb 2026 on the registrar or exchange website.
Shares are expected to be credited by Fri, 27 Feb 2026.
Refunds for unsuccessful applicants will be initiated on Fri, 27 Feb 2026.
Investors can check refund status via:
- UPI mandate / bank account (NACH, NEFT, RTGS)
- ASBA bank portal
Kiaasa Retail IPO is listed on BSE.
The latest share price of Kiaasa Retail Limted is currently not available.
Recent price movement data for Kiaasa Retail Limted is currently not available.
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