Kiaasa Retail IPO: GMP, Price, Analysis, And Details

Kiaasa Retail IPO- Company Analysis 

Kiaasa Retail IPO under the SME IPO category is a bookbuild issue of Rs. 69.72 Cr by Kiaasa Retail Limited and is an Indian design brand that specializes in ethnic and fusion clothing for women. It was established in 2018 and is headquartered in Ghaziabad. It has more than 100 outlets in more than 80 Indian locations.

Kiaasa provides a wide range of ethnic clothing for women, such as:

• Kurta Sets and Kurtas

• Suit Sets

• Sets of Lehengas

• Dupattas and bottoms

• Add-ons

Kiaasa is an ethnic clothing business that sells a variety of women's clothing, shoes, and accessories, such as scarves, lehengas, jewelry, bags, and salwar kameez.

The business offers premium, reasonably priced goods that showcase individuality to satisfy Indian women's fashion demands. For increased accessibility, the business operates through exclusive stores and internet channels.

Kiaasa Retail IPO Details

The Kiaasa Retail IPO date of opening is 23 Feb 2026, its initial public offering will end on 25 Feb, IPO allotment on Feb 26 and refund initiation on Feb 27, 2026.

The Rs. 69.72 crore new SME IPO comprises a combination of a fresh issue of 0.55 crore.

The Kiaasa Retail IPO listing date (expected) might be on Monday, March 02, 2026, and listing at the BSE and SME. 

The Kiaasa Retail IPO price band is Rs. 121 to Rs. 127.

IPO Timetable (Tentative)

Click to open demat account and apply for the IPO.

Company Financials

(Amount in Cr)

Cash Flows

(Amount in lac)

Revenue Bifurcation

(Rs. in Lac)

(Source: RHP)

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Expenditure for opening new stores. ~ Rs. 50.37 Cr.

• General corporate purposes.

Listed Peers of Kiaasa Retail Ltd.

Valuation

Evaluation of P/E Ratio

Considering the period ended on FY 2024 with an EPS of Rs. 4.51 from the last year, the resulting P/E ratio is 28.15x.

Explore the Yashhtej Industries (India) IPO.

IPO's Strengths

• Excellent leadership and rapid expansion.

• Culturally relevant designs.

• Every product is subject to stringent quality checks.

• Prices are reasonable without sacrificing quality.

IPO's Weaknesses

• Geographical concentration risk.

• Lease dependency risk.

• Brand reputation risk.

Kiaasa Retail IPO GMP (Grey Market Premium)

Kiaasa Retail IPO GMP today is Rs. 0 as of 20 Feb 2026 while writing this information. A price band set at Rs. 127 suggests that the estimated listing price of the IPO could be around Rs. 127, indicating a gain/loss of 0%.

Kiaasa Retail IPO Summary

IPO Lot Details 

Retail investors can invest in a minimum and maximum of 2 Lots (2000 Shares) for Rs. 2,54,000, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (3000 Shares) for Rs. 3,81,000.

Kiaasa Retail IPO Allotment Status

To check the Kiaasa Retail IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

Promoters And Management of Kiaasa Retail Ltd.

• Mr. Om Prakash 

• Mr. Amit Chauhan 

IPO Lead Managers

Expert Global Consultants Pvt. Ltd.

Dividend Policy

The company has not paid a dividend since its incorporation.

Conclusion

With aggressive store development plans financed by the ₹69.72 Cr fresh issuance, a robust ROE (73.29%), and a good ROCE (33.23%), Kiaasa Retail IPO offers a compelling opportunity in the expanding women's ethnic clothing market. It is ideal for investors looking to gain exposure to India's retail ethnic fashion boom because of its inexpensive luxury designs, quick revenue growth, and moderate pricing of Rs. 121–127 (P/E ~28x on FY24 EPS).

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

Click Here To Stay Updated With The Upcoming IPOs.

DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.