BSE List Price : ₹123.00

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Category	Times
QIBs	14.98x
HNIs	1.29x
Retail	2.43x
Total : 2.01x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	2	2,000	₹254,000
Retail Maximum	2	2,000	₹254,000
S-HNI Minimum	3	3,000	₹381,000
S-HNI Maximum	7	7,000	₹889,000
B-HNI Minimum	8	8,000	₹1,016,000

About the Company

Kiaasa Retail, established in 2018, is a prominent fashion brand specialising in women’s ethnic and fusion wear. Since its incorporation, the company has expanded its footprint to over 100 stores across more than 80 cities in India. Its product portfolio includes a diverse range of ethnic wear such as kurtas, kurta sets, suit sets, lehenga sets, bottoms, dupattas, and accessories. In addition, the company also provides various women’s apparel, footwear, and accessories, including salwar kameez, lehengas, jewellery, handbags, and scarves.

Kiaasa Retail is recognised for delivering high-quality products at affordable prices, aligned with the preferences of Indian women. The company operates through three business models: FOFO (Franchise Owned Franchise Operated), COCO (Company Owned Company Operated), and FICO (Franchise Invested Company Operated). It has a presence in over 70 cities, with 113 branded outlets, along with a strong and growing online presence.

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2022	₹26.75	₹25.36	₹1.36	₹30.18
2023	₹50.18	₹46.72	₹2.46	₹54.26
2024	₹85.19	₹77.33	₹5.74	₹95.42
Feb 2025	₹107.67	₹97.80	₹7.38	₹141.47

Company Promoter

Mr. Om Prakash

Mr. Amit Chauhan

Know before investing

• • Strengths

  Strong leadership and expansion strategy: A dedicated management team and diversified retail models have supported swift store expansion and well-planned scaling across various states.

  Designs aligned with local culture: Product collections are thoughtfully developed to match regional preferences and festive traditions, helping create a strong emotional connection with customers and encouraging repeat purchases.

• • Risks

  Geographical concentration risk: A significant share of the company’s revenue is generated from Uttar Pradesh, making its performance vulnerable to economic, regulatory, or market disruptions in that region.

  Lease dependency risk: The company’s retail stores and offices are situated on leased properties, and any termination or failure to renew these leases could disrupt operations and impact business continuity.

Objects of the Issue & Utilisation of proceeds

Expenditure for opening new stores.
General Corporate Purpose

Company  Address

Kiaasa Retail Ltd.
1/37,
SSGT Road Industrial Area
Ghaziabad, Uttar Pradesh, 201001
Phone: +91-9319008599
Email: cs@kiaasaretail.com
Website: https://kiaasa.com/

IPO Registrar

Purva Sharegistry (India) Pvt.Limited.
Phone: +91-022-23018261/ 23016761
Email: newissue@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query

IPO Review

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