Kiaasa Retail Limited Links 
Allotment
Kiaasa Retail Limited is launching a book-built IPO worth ₹69.72 crore, comprising entirely a fresh issue of 0.55 crore equity shares. There is no offer-for-sale component in the issue.
The IPO will open for subscription on February 23, 2026, and close on February 25, 2026. The allotment is expected to be finalized on February 26, 2026. The company’s shares are proposed to be listed on the BSE SME, with a tentative listing date of March 2, 2026.
The price band for the issue has been fixed at ₹121 to ₹127 per share. The lot size is 1,000 shares. Retail investors are required to apply for a minimum of 2,000 shares, amounting to ₹2,54,000 at the upper price band. For HNI investors, the minimum application size is 3,000 shares (3 lots), translating to an investment of ₹3,81,000.
The IPO is being managed by Expert Global Consultants Pvt Ltd as the book-running lead manager, while Purva Sharegistry India Pvt Ltd has been appointed as the registrar to the issue.
₹127
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Open
₹127
HIgh - Low
₹127
Previous Close
₹127
Total Traded Value
0
52 Weeks High
₹127
52 Weeks Low
₹127
Updates On
Feb 17, 2026
IPO. Open
Feb 23, 2026
IPO. Close
Feb 25, 2026
IPO. Price
₹127.00
IPO Market price
To be declared
IPO Details
| IPO Date | 2 Mar |
| IPO Listing Date | 2 Mar |
| IPO Face Value | ₹10.00 per share |
| IPO Price Range | ₹127.00 |
| IPO Issue Size | 54,90,000 shares |
| IPO Sale Type | Fresh Capital |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | BSE SME Platform |
| Share Holding Pre Issue | 1,27,39,005 shares |
IPO Timeline
| IPO Open Date | 23 Feb |
| IPO Close Date | 25 Feb |
| IPO Allotment (Tentative) | 26 Feb |
| Refunds | 27 Feb |
| Credit to Demat Account | 27 Feb |
| IPO Listing Date | 2 Mar |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 35% of the Net Issue |
| Retail Shares Offered | Not more than 15% of the Net Issue |
IPO Lot Size
Investors are required to apply for a minimum of 2,000 shares, and bids must be placed in multiples of 1,000 shares thereafter.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,54,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,54,000 |
| S-HNI (Min) | 3 | 3,000 | ₹3,81,000 |
| S-HNI (Max) | 7 | 7,000 | ₹8,89,000 |
| B-HNI (Min) | 8 | 8,000 | ₹10,16,000 |
Kiaasa Retail Limited, established in 2018 and headquartered in Ghaziabad, is an Indian fashion brand specializing in women’s ethnic and fusion wear. Since its inception, the company has expanded rapidly and built a strong retail presence across the country, operating more than 100 stores in over 80 cities. As of February 28, 2025, the company had 113 exclusive brand outlets across 70 cities, along with a growing online presence.
Kiaasa offers a diverse portfolio of women’s ethnic apparel, including kurtas and kurta sets, suit sets, lehenga sets, bottoms, dupattas, and accessories. Its broader product range also includes salwar kameez, lehengas, footwear, jewellery, bags, and scarves. The brand focuses on delivering high-quality, affordable fashion that reflects individuality while staying connected to Indian traditions and evolving trends.
The company operates through a mix of exclusive retail outlets and online platforms to ensure wider accessibility and customer convenience. Its retail expansion is supported by three operating models: FOFO (Franchise Owned Franchise Operated), COCO (Company Owned Company Operated), and FICO (Franchise Invested Company Operated), enabling efficient and scalable network management.
As of February 28, 2025, the company employed 340 full-time staff. Its key competitive strengths include strong leadership with a fast growth trajectory, culturally resonant designs, stringent quality control measures, and affordable pricing without compromising on quality.
Company Financials (Consolidated)
| Assets | 141.47 | 95.42 | 54.26 |
| Total Income | 107.67 | 85.19 | 50.18 |
| Profit After Tax | 7.38 | 5.74 | 2.46 |
| EBITDA | - | - | - |
| Net Worth | 39.67 | 12.71 | 2.96 |
| Reserves and Surplus | 34 | 8.21 | 2.46 |
| Total Borrowing | 25.14 | 15.88 | 21.17 |
Key Performance Indicator (KPI)
| ROE | 73.29% |
| ROCE | 33.23% |
| Debt/Equity | 1.25 |
| RoNW | 45.19% |
| PAT Margin | 6.75% |
| EBITDA Margin | - |
| Price to book value | - |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | 50.37 |
| 2 | To meet out the expenses of Working Capital Requirement | - |
| 3 | To meet out the General Corporate Purposes; | - |
| 4 | Offer for Sale (OFS) | - |
Contact Details
Kiaasa Retail Ltd. Address
1/37,
SSGT Road Industrial Area
Ghaziabad, Uttar Pradesh, 201001
+91-9319008599
cs@kiaasaretail.com
Detail Registrar
IPO Registrar
Purva Sharegistry (India) Pvt.Ltd.
+91-022-23018261/ 23016761
newissue@purvashare.com
https://www.purvashare.com/investor-service/ipo-query
The IPO will open on February 23, 2026, and close on February 25, 2026, giving investors three days to submit applications.
The IPO is a book-built issue of 54.90 lakh shares, entirely a fresh issue, aggregating to ₹69.72 crore, aimed at funding the company’s retail expansion and store openings.
The price band is ₹121 to ₹127 per share. The lot size is 1,000 shares. Retail investors must apply for a minimum of 2 lots (2,000 shares), and HNI investors must apply for a minimum of 3 lots (3,000 shares).
Expert Global Consultants Pvt. Ltd. is the book-running lead manager, while Purva Sharegistry India Pvt. Ltd. serves as the registrar for the IPO.
The basis of allotment is expected on February 26, 2026, refunds will be initiated on February 27, 2026, and shares are expected to be listed on BSE SME on March 2, 2026.
Kiaasa Retail specializes in women’s ethnic and fusion wear, operating over 100 stores in 80+ cities, with strong leadership, culturally resonant designs, affordable pricing, and stringent quality control.
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