Kiaasa Retail IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Financial Analysis
| Metric | 2022 | 2023 | 2024 | Feb 2025 |
|---|---|---|---|---|
| Revenue | 26.75 | 50.18 | 85.19 | 107.67 |
| Expense | 25.36 | 46.72 | 77.33 | 97.80 |
| Profit (PAT) | 1.36 | 2.46 | 5.74 | 7.38 |
| Total Assets | 30.18 | 54.26 | 95.42 | 141.47 |
| Company | EPS | P/E | Market Cap (Cr) |
|---|---|---|---|
| Monte Carlo Fashion Limited | 28.91 | 18.58 | 8 |
| Kewal Kiran Clothing Limited | 25.00 | 18.43 | 23 |
| Purple United Sales Limited | 7.84 | 18.28 | 28 |
Promoters: Mr. Om Prakash and Mr. Amit Chauhan
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 1,27,39,005 | 71.84% |
| Promoter Holding Post Issue | 1,82,29,005 | 50.22% |
Strengths & Risks
- Strong institutional (QIB) demand — 15.0x.
- Revenue grew 70% in the latest reported year.
- Strong return on equity — 45%.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Kiaasa Retail, founded in 2018, is one of the leading fashion brands that focuses primarily on women’s ethnic and fusion wear. Incorporated in 2018, the firm runs over 100 stores in more than 80 cities in India. From Kurtas and Kurta Sets, suit sets, lehenga sets, Bottoms, and Dupatta, to Accessories, the firm offers a wide range of women’s ethnic wear. Moreover, the firm also offers a wide range of women’s apparel, footwear, and accessories, including salwar kameez, lehengas, jewellery, bags, and scarves. Kiaasa retail is known for offering high-quality, affordable products that meet the needs of Indian women’s choices. The company runs its business via 3 models, FOFO (Franchise Owned Franchise Operated), COCO (Company Owned Company Operated), and FICO (Franchise Invested Company Operated). The firm has its presence across 70 cities with 113 brand outlets and a high online presence.
Kiaasa Retail Ltd., 1/37,, SSGT Road Industrial Area, Ghaziabad, Uttar Pradesh, 201001
| Purpose | Amount (Cr) |
|---|---|
| Expenditure for opening new stores | 50.37 |
| General Corporate Purpose | - |
Resources & Documents
Kiaasa Retail has set a price band of Rs 121–Rs 127 per share for an issue size of Rs 70 crore. The stock listed with a 3.15% discount versus its issue price on March 02, 2026.
Kiaasa Retail, founded in 2018, is one of the leading fashion brands that focuses primarily on women’s ethnic and fusion wear. Incorporated in 2018, the firm runs over 100 stores in more than 80 cities in India.
The issue is promoted by Mr. Om Prakash and Mr. Amit Chauhan with Expert Global Consultants Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards Expenditure for opening new stores (Rs 50 crore) and General Corporate Purpose.
On fundamentals, the company is posting revenue growth of 69.8%, a profit margin of 6.7%, return on equity of 45.2% in its most recent reported period. Listed peers in this segment include Purple United Sales Limited (P/E 18.28x, market cap Rs 28 crore) and Kewal Kiran Clothing Limited (P/E 18.43x, market cap Rs 23 crore) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Kiaasa Retail IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed.
See the full Kiaasa Retail GMP history and trend, or learn how grey market premium works and how reliable it is.
Related IPO
No comments yet. Be the first to share your opinion!