Kiaasa Retail IPO
Market Sentiment
IPO Details
IPO Reservation
Market Lot Size
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%.
No major red flags in the available data.
Auto-generated from live GMP, subscription, valuation and financial data. 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.
| Purpose | Amount (Cr) |
|---|---|
| Expenditure for opening new stores | 50.37 |
| General Corporate Purpose | - |
Resources & Documents
Kiaasa Retail Ltd., 1/37,, SSGT Road Industrial Area, Ghaziabad, Uttar Pradesh, 201001
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.
Current grey market activity shows a flat premium, indicating muted unofficial demand. Final subscription data records overall subscription at 2.10x, retail at 2.43x, QIB at 14.98x, NII at 1.29x.
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.
Our data-driven engine currently flags this issue as a Neutral stance — the data is mixed and the risk-reward is balanced rather than one-sided. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Kiaasa Retail IPO GMP — What It Means
The latest grey market premium for Kiaasa Retail IPO is ₹0 (+0.0%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Kiaasa Retail it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
See the full Kiaasa Retail GMP history and trend, or learn how grey market premium works and how reliable it is.
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