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₹127 - 127
Kiaasa Retail Ltd
RetailIPOSME
₹127 - 127
Our Company was originally incorporated as "Kiaasa Retail LLP" was incorporated in 2018, later converted into a Private Limited Company in 2022 in the name and style "Kiaasa Retail Private Limited". Kiaasa is an ethnic wear brand that offers a wide range of apparel, footwear, and accessories designed exclusively for women. The product portfolio includes salwar kameez, lehengas, jewellery, bags, and scarves. The brand caters to the evolving fashion needs of Indian women by providing high-quality and affordable products that reflect their individuality. Kiaasa operates through a network of exclusive brand outlets and an online presence, ensuring accessibility across multiple platforms.
Lot1,000Min Invest₹2,54,000Face Value₹10Issue Size₹70 CrFresh Issue₹70 CrListing Price₹123CMP₹28
Timeline
23 Feb
Bidding opens
25 Feb
Bidding closes
26 Feb
Allotment
27 Feb
Refund & demat credit
2 Mar
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹70 Cr0.55 Cr shares
Fresh Issue₹70 Cr
Face Value₹10
Lot Size1,000 shares
ReservationQIB 1% · NII 40.02% · RETAIL 58.98%
Application Sizes
Retail₹2,54,0001-1 lots
sNII₹2,54,000from 2 lots
bNII₹10,16,000from 8 lots
Managers & Registrar
Lead ManagerExpert Global Consultants Pvt Ltd
RegistrarPurva Sharegistry (I) Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group71.84%50.22%Public28.16%49.78%
Objects of the Issue
- Expenditure for opening new stores
- General corporate purposes
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 26 | 50 | 85 | 122 | 135 |
| Operating ProfitCr | 2 | 5 | 10 | 16 | 23 |
| OPM% | 6.3 | 9.6 | 11.6 | 13.5 | 17.4 |
| PBTCr | 1 | 3 | 8 | 12 | 15 |
| PATCr | 1 | 2 | 6 | 9 | 11 |
| EPS | 27 | 49 | 55 | 7 | 8 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 1 | 1 | 5 | 13 | 18 |
| ReservesCr | 0 | 2 | 8 | 28 | 91 |
| BorrowingsCr | 16 | 21 | 16 | 29 | 85 |
| Total AssetsCr | 30 | 54 | 95 | 144 | 271 |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | -13 | -3 | 11 | -12 | -76 |
| Investing Cash FlowCr | -2 | -1 | -8 | -17 | -4 |
| Financing Cash FlowCr | 14 | 5 | -3 | 30 | 108 |
| Net Cash FlowCr | 0 | 1 | 0 | 1 | 27 |
Strengths & Risks
Strengths · as stated in the DRHP
- Strong leadership and fast growth.
- Designs that connect with local culture.
- Strict quality checks for every product.
- Affordable prices without compromising quality.
- Stock that matches the seasons.
Strategies · as stated in the DRHP
- Growing Through Store Expansion and Affordable Pricing.
- Focusing on Small Cities for Big Growth.
- Boosting Brand Recognition with Celebrity Support.
Risks · as stated in the DRHP
- Our business from retail outlet is concentrated in the state of Uttar Pradesh only. For the eleven-month period ended February 28, 2025, revenue from Uttar Pradesh constituted Rs. 2,326.39 Lakhs i.e. 28.81% of our revenue for February 28, 2025. Any adverse impact in this region may adversely affect our business, results of operations and financial condition.
- Our offices, including our Registered Office and Branch Offices, are located on leased premises, and any disruption in these lease arrangements could adversely affect our business, operations, and financial performance.
- Our brand image is integral to our success and if we are unable to effectively maintain, promote and enhance our brand, and conduct our sales and marketing activities effectively, our business and reputation may be adversely affected.
- Our proposed expansion plans relating to the opening of new stores are subject to the risk of unanticipated delays in implementation and cost overruns.
- We have experienced delays in the timely repayment of our loan obligations in the past, and any continued delays or defaults may adversely affect our creditworthiness, financial flexibility, and ability to raise future capital.
- In the past Company had delayed in the EPF and GST returns. This may adversely affect the financial performance and regulatory compliance of the company