Kiaasa Retail Ltd’s initial public offering has successfully closed its subscription phase and is scheduled…
Kiaasa Retail IPO Subscription Status, Day‑Wise Figures & What It Means
The Kiaasa Retail IPO, a BSE SME initial public offering priced at ₹121–₹127 per share, opened for subscription on 23 February 2026 and closed on 25 February 2026. Investors keenly watched the subscription trend as bidding progressed, with real‑time figures showing how the issue was performing across Qualified Institutional Buyers (QIB), Non‑Institutional Investors (NII), and Retail Individual Investors (RII).
Kiaasa Retail IPO Subscription Status (Day‑Wise)
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 1 | 1 | 14.98 |
| NII | 0.01 | 0.61 | 1.14 |
| RII | 0.16 | 0.59 | 2.31 |
| Total | 0.11 | 0.6 | 1.97 |
📉 On Day 1, the IPO saw a slow start with an overall subscription of just 0.11×, indicating tepid demand at the outset.
📈 However, subscription strengthened significantly by Day 3, with total bids reaching 1.68×, led by a notable increase in QIB and RII participation.
What the Subscription Figures Suggest
- Early undersubscription: The IPO was undersubscribed on the first day, reflecting cautious investor sentiment. This aligns with independent market coverage that showed muted response during early bidding.
- Improved traction later: By the closing day, improved interest especially from QIBs and RIIs helped lift overall subscription figures above 1×.
- Balanced participation: The growth in subscription across all categories suggests investors assessed the business prospects of Kiaasa Retail more favorably toward the end of the bidding period.
Company – Kiaasa Retail
Kiaasa Retail, founded in 2018, is a women’s fashion brand operating numerous exclusive brand outlets across India. It specializes in ethnic and fusion wear for women, including kurtas, suits, lehengas, footwear, bags, and accessories. The company uses a mix of company‑owned and franchise retail formats and also supports online sales channels
Subscription FAQs
Q: When did Kiaasa Retail IPO subscription close?
A: The bidding period closed on 25 February 2026.
Q: Was the IPO oversubscribed?
A: After a slow start, the IPO gained traction by Day 3, with total subscription exceeding 1×.
Q: How do I track live IPO subscription numbers?
A: Subscription trends are updated hourly on regulatory platforms and IPO data portals while the issue is open.
Q: What do subscription ‘x’ figures mean?
A: A subscription of 2.88x for QIBs means bids were 2.88 times the shares reserved for that category. Similar logic applies to other investor categories.
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