Kiaasa Retail IPO
- Issue price
- ₹127
- Listing price
- ₹123
- -3.15%
- Current price
- ₹29
- -77.17%
- Subscribed
- 1.99x
- Issue size
- ₹69.72 Cr
- Listed on
- 2 Mar 2026
IPO timeline
- Opens23 FebMon
- Closes25 FebWed
- Allotment26 FebThu
- Refunds27 FebFri
- Demat credit27 FebFri
- Listing2 MarMon
Issue details
- Price band
- ₹121 – ₹127 per share
- Issue size
- ₹69.72 Cr
- Fresh issue
- ₹69.72 Cr · 0.55 Cr shares
- Offer for sale
- None
- Issue type
- Book build issue
- Face value
- ₹10 per share
- Lot size
- 1,000 shares
- Minimum investment
- ₹1,27,000
- Listing on
- BSE SME
- Exchange code
- KIAASA.BO · 7610
Lot size and investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,27,000 |
| Retail (Max) | 1 | 1,000 | ₹1,27,000 |
| HNI (Min) | 2 | 2,000 | ₹2,54,000 |
Reservation
- QIB
- 52,000 shares (1.00% of the Offer)
- NII
- 20,87,000 shares (40.02% of the Offer)
- Retail
- 30,76,000 shares (58.98% of the Offer)
Allotment status
The allotment for this IPO is final. Check whether you received shares on the registrar's website using your PAN, application number or demat account (DP / Client ID).
Check allotment on Purva Sharegistry (India)- 1Open the registrar's allotment page and select this IPO from the list.
- 2Enter your PAN, application number or DP / Client ID.
- 3Submit to see the number of shares allotted, if any.
- Basis of allotment
- 26 Feb 2026
- Refunds initiated
- 27 Feb 2026
- Shares credited to demat
- 27 Feb 2026
- Listing
- 2 Mar 2026
Grey market premium (GMP)
- Current GMP
- ₹0
- —
- Estimated listing price
- ₹127
- Issue price ₹127
- Highest
- ₹26
- 23 Feb
- Lowest
- ₹0
- 18 Feb
GMP by day (₹ per share)
Day-wise GMP table
| Date | GMP | Premium | Est. listing |
|---|---|---|---|
| 1 Mar 2026 | ₹0 | — | ₹127 |
| 28 Feb 2026 | ₹0 | — | ₹127 |
| 26 Feb 2026 | ₹0 | — | ₹127 |
| 25 Feb 2026 | ₹4 | +3.00% | ₹131 |
| 24 Feb 2026 | ₹26 | +20.00% | ₹153 |
| 23 Feb 2026 | ₹26 | +20.00% | ₹153 |
| 22 Feb 2026 | ₹0 | — | ₹127 |
| 21 Feb 2026 | ₹0 | — | ₹127 |
| 20 Feb 2026 | ₹0 | — | ₹127 |
| 19 Feb 2026 | ₹0 | — | ₹127 |
| 18 Feb 2026 | ₹0 | — | ₹127 |
- Kostak rate
- ₹0
GMP is an unofficial indicator from an unregulated market. It is shown for information only and is not a prediction of the listing price or a recommendation to apply.
Subscription status
- QIB14.98x
- NII (HNI)1.14x
- Retail2.43x
| Category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 52,000 | 7,79,000 | 14.98x |
| Non-Institutional Investors (NII) | 23,62,000 | 26,88,000 | 1.14x |
| Retail Individual Investors (RII) | 30,76,000 | 74,78,000 | 2.43x |
| Total | 54,90,000 | 1,09,45,000 | 1.99x |
Financials
- P/E (pre-issue)
- 12.18
- P/E (post-issue)
- 17.43
- EPS (₹)
- 7.28
- RoCE
- 20.34%
- RoNW
- 20.60%
- PAT Margin
- 6.94%
Pre-issue P/E uses the shares outstanding before the IPO; post-issue P/E includes the new shares. Calculated by Be IPO Ready at the issue price on profit for the period ended 30 Sep 2025, annualised.
| Period ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 181.81 | 144.30 | 95.42 | 54.26 |
| Total Income | 58.01 | 120.70 | 85.19 | 50.18 |
| Profit After Tax | 6.64 | 8.38 | 5.74 | 2.46 |
| EBITDA | 12.26 | 15.49 | 10.01 | 4.95 |
| NET Worth | 47.31 | 40.67 | 12.71 | 2.96 |
| Reserves and Surplus | 34.57 | 27.93 | 8.21 | 2.46 |
| Total Borrowing | 43.03 | 28.67 | 15.88 | 21.17 |
Peer comparison
| Company | Issue size | P/E | RoNW | PAT margin | Subscribed | Listing gain |
|---|---|---|---|---|---|---|
| Kiaasa Retail This IPO | ₹69.72 Cr | 17.44 | 20.60% | 6.94% | 1.99x | -3.15% |
| Maharaja & Speedex India SME · listed 18 Sep 2026 | ₹80.13 Cr | — | 68.03% | 5.95% | 30.21x | +34.41% |
| H. R. HYGIENE PRODUCTS SME · listed 5 Aug 2026 | ₹53.95 Cr | — | — | — | 6.26x | +2.27% |
| Acetech E-Commerce SME · listed 9 Mar 2026 | ₹48.95 Cr | 16 | 73.75% | 9.79% | 0x | 0.00% |
| Recode Studios SME · listed 12 May 2026 | ₹44.59 Cr | 13.92 | 37.64% | 6.91% | 217.89x | +34.87% |
| Sham Foam SME · listed 18 Aug 2026 | ₹40.48 Cr | 17.26 | 40.97% | 9.37% | 2.33x | -20.00% |
| Striders Impex SME · listed 6 Mar 2026 | ₹36.29 Cr | 25.07 | 55.81% | 13.59% | 1.41x | -2.78% |
Peers are other recent IPOs from the same industry, closest in issue size. Ratios are as disclosed at the time of each issue. This is not the listed-peer table from the offer document.
About Kiaasa Retail
Kiaasa Retail Limited is an emerging player in India’s fashion jewellery segment, known for offering contemporary and affordable designs inspired by global trends. The company was established with a vision to make stylish jewellery accessible to a wide customer base, especially in the organised retail market. Promoted by experienced entrepreneurs, Kiaasa Retail has steadily expanded its presence through mall-based stores and kiosks across major cities, building a recognisable brand among urban consumers. The company focuses on designing, sourcing, and retailing a wide range of fashion accessories including necklaces, earrings, bracelets, and other lifestyle products. Its business model revolves around fast-moving inventory, trend-based collections, and strategic retail locations to attract footfall. By combining in-house design capabilities with efficient supply chain management, Kiaasa Retail aims to maintain product variety and affordability, catering primarily to young and fashion-conscious customers.
Objects of the issue
- Expenditure for opening new stores₹50.37 Cr
- General corporate purposes
Promoters and shareholding
Om Prakash and Amit Chauhan
- Shares outstanding, pre-issue
- 1,27,39,005
- Shares outstanding, post-issue
- 1,82,29,005
Registrar, lead managers and documents
Company contact
1/37, SSGT Road Industrial Area, Ghaziabad, Uttar Pradesh, 201001
+91-9319008599
cs@kiaasaretail.comKiaasa Retail IPO: common questions
When does the Kiaasa Retail IPO open and close?
The Kiaasa Retail IPO opens on 23 Feb 2026 and closes on 25 Feb 2026.
What is the price band of the Kiaasa Retail IPO?
The price band is ₹121 – ₹127 per share, with a lot size of 1,000 shares and a minimum investment of ₹1,27,000.
What is the size of the Kiaasa Retail IPO?
The issue size is ₹69.72 Cr (Book build issue).
What is the GMP of the Kiaasa Retail IPO?
The last reported grey market premium is ₹0 per share as of 01 Mar 2026, 08:25 PM IST. GMP is unofficial and changes frequently.
When is the Kiaasa Retail IPO allotment?
The basis of allotment is expected on 26 Feb 2026. Allotment status can be checked with the registrar, Purva Sharegistry (India) Private Limited.
When will the Kiaasa Retail IPO list?
The shares listed on 2 Mar 2026 on BSE SME.
For business owners
Your company could be the next listing
Businesses like these raise growth capital on the public markets every week. Tell us about yours and our advisors will tell you, plainly, whether an IPO is within reach and what it would take.
- Eligibility check against NSE Emerge, BSE SME and Main Board norms
- Indicative valuation and issue size for your business
- A clear timeline from readiness to listing day
Check if your business can list
Fill in the eligibility form and get an assessment of where you stand. It takes about five minutes.
Prefer to talk? Call +91 95377 67203