Kiaasa Retail Limited is engaged in designing, sourcing, marketing, and retailing women’s apparel under its own brand. The company primarily operates in the women’s ethnic and fusion wear segment, offering stylish, contemporary outfits that cater to evolving fashion trends and preferences of modern Indian women.
Kiaasa offers a wide range of women’s ethnic and fusion wear, including:
- Kurtas and Kurta Sets.
- Suit Sets.
- Lehenga Sets.
- Bottoms and Dupattas.
- Salwar Kameez.
- Accessories such as jewellery, bags, scarves and related fashion products.
As of February 28, 2025, Kiaasa operates 113 brand outlets across 70+ cities in India, with a strong presence in Tier II and Tier III markets, along with an online platform, enabling wider reach through a scalable retail model.
Kiaasa operates through Franchise-Owned Franchise-Operated (FOFO), Company-Owned Company-Operated (COCO), and Franchise-Invested Company-Operated (FICO) retail formats, allowing it to maintain operational control while ensuring capital efficiency and supporting faster, cost-effective store expansion.
As of February 28, 2025, the company employed 340 full-time employees, supporting operations across design, sourcing, retail management, and corporate functions.
Kiaasa Retail IPO – Details
| IPO Opening Date | 23 February 2026 |
| IPO Closing Date | 25 February 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 54,90,000 Shares Worth ₹69.72 Crore Fresh Issue: 54,90,000 Shares Worth ₹69.72 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹121 – ₹127 per share |
| Market Lot | 1000 Shares |
| Min Order | 1000 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Purva Sharegistry (India) Pvt. Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
Kiaasa Retail IPO – Date Schedule
| IPO Open Date | 23 February 2026 |
| IPO Close Date | 25 February 2026 |
| Basis of Allotment | 26 February 2026 |
| Initiation of Refund | 27 February 2026 |
| Credit of Shares to Demat | 27 February 2026 |
| IPO Listing Date | 02 March 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 25, 2026 |
Kiaasa Retail IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2000 | ₹2,54,000 |
| Retail (Max) | 2 | 2000 | ₹2,54,000 |
| S-HNI (Min) | 3 | 3000 | ₹3,81,000 |
| S-HNI (Max) | 7 | 7000 | ₹8,89,000 |
| B-HNI (Min) | 8 | 8000 | ₹10,16,000 |
Competitive Strength
- Strong Leadership and Fast Growth.
- Designs That Connect with Local Culture.
- Strict Quality Checks for Every Product.
- Affordable Prices Without Compromising Quality.
Company Promoters
- Mr. Om Prakash
- Mr. Amit Chauhan
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2022 | ₹26.75 Cr | ₹25.36 Cr | ₹1.36 Cr | ₹15.65 Cr |
| 31 March 2023 | ₹50.18 Cr | ₹46.72 Cr | ₹2.46 Cr | ₹21.17 Cr |
| 31 March 2024 | ₹85.19 Cr | ₹77.33 Cr | ₹5.74 Cr | ₹15.88 Cr |
| 31 March 2025 | ₹120.70 Cr | ₹109.40 Cr | ₹8.38 Cr | ₹28.67 Cr |
| 30 September 2025 | ₹58.01 Cr | ₹49.12 Cr | ₹6.64 Cr | ₹43.03 Cr |
Key Performance Indicator
| KPI | Values (Dec 31, 2025) |
|---|---|
| ROCE | – |
| Debt/Equity | – |
| RoNW | – |
| PAT Margin | – |
| EBITDA Margin | – |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | – | – |
| P/E (x) | – | – |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Expenditure for opening new stores. | ₹50.37 |
| General corporate purposes. | – |
✅Strengths
- Strong presence in women’s ethnic & fusion wear segment.
- 113 outlets across 70+ cities.
- Asset-light FOFO & FICO expansion model.
- Multi-format retail strategy (FOFO, COCO, FICO).
- Experienced promoters & management.
⚠️Risks
- High dependence on franchise partners.
- Operates in highly competitive apparel industry.
- Dependence on third-party manufacturers.
- Sensitive to changing fashion trends.
- Regional revenue concentration risk.
Kiaasa Retail IPO Promoter Holding
| Pre-Issue Share Holding | 71.84% |
| Post Issue Share Holding | 50.22% |
Kiaasa Retail IPO Prospectus
Company Contact Information
| Kiaasa Retail Ltd. 1/37, SSGT Road, Industrial Area Ghaziabad, Uttar Pradesh, 201001 Phone: +91-9319008599 Email: cs@kiaasaretail.com Website: https://kiaasa.com/ |
Kiaasa Retail IPO Registrar
| Purva Sharegistry (India) Pvt. Ltd. Phone: +91-022-23018261/ 23016761 Email: newissue@purvashare.com Website: https://www.purvashare.com/investor-service/ipo-query |
Kiaasa Retail IPO Lead Manager(s)
| 1. Expert Global Consultants Pvt. Ltd. |
Kiaasa Retail IPO FAQ
| What is the Kiaasa Retail IPO? Kiaasa Retail IPO is an SME IPO. The issue is priced at ₹121 – ₹127 per equity share. The IPO is to be listed on BSE SME. |
| When will Kiaasa Retail IPO open? The IPO is to open on 23 February 2026 for QIB, NII, and Retail Investors. |
| What is Kiaasa Retail IPO Investors’ Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Kiaasa Retail IPO Size? Kiaasa Retail IPO size is ₹69.72 Crore. |
| What are the Kiaasa Retail IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 2000 Shares for ₹2,54,000, while the maximum bid is 2000 Shares for ₹2,54,000. |
| What is the Kiaasa Retail IPO Allotment Date? Kiaasa Retail IPO allotment date is 26 February 2026. |
| What is the Kiaasa Retail IPO Listing Date? Kiaasa Retail IPO listing date is 02 March 2026. The IPO is to be listed on the BSE SME. |
