Kiaasa Retail SME IPO
Kiaasa Retail IPO — date, price band, GMP & allotment 2026
Kiaasa Retail Limited, founded in April 2018 with its first store in Delhi, is launching its SME IPO on BSE from 23 to 25 February 2026, priced at ₹121-127 per share, aiming to raise ₹69.72 crore entirely fresh issue. The company follows an omni-channel business model blending FOFO, COCO, and FICO formats for women's ethnic wear like kurtas, suits, and lehengas. It boasts a strong main presence with over 124 exclusive outlets across 70+ cities, targeting tier-2/3 markets.
Stock price
Kiaasa Retail is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 September.
- Open 23 Feb 2026
- Close 25 Feb 2026
- Allotment 26 Feb 2026
- Refund/credit 27 Feb 2026
- Listing 02 Mar 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 23 to 25 Feb, 2026 |
|---|---|
| Price Band | ₹121 – ₹127 |
| Face Value | ₹10 |
| Lot Size | 1000 Shares |
| Issue Size | ₹69.72 Cr |
| Sale Type | Book build issue |
| Listing On | BSE SME |
| Registrar | Purva Sharegistry (India) Private Limited |
| Min Investment | ₹ 2,54,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 1000 shares at the ₹127 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 2,000 | ₹2,54,000 |
| Retail (max) | 2 | 2,000 | ₹2,54,000 |
| HNI (min) | 3 | 3,000 | ₹3,81,000 |
Three years of numbers
All figures in ₹ crore, as reported in the Kiaasa Retail offer document.
| Metric | 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 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Kiaasa Retail RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Kiaasa Retail IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹7.28 |
| P/E Ratio (x) | 17.44 |
| Market Cap at Offer Price (₹ Cr) | ₹115.84 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹127 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹50.37 Cr of the issue is earmarked to named objects.
About the company
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.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
+91-9319008599
The bankers & the filings
Who is running the book, and the documents this page is built from.
Company contact
Frequently asked
What is the GMP of Kiaasa Retail?
The current Grey Market Premium is ₹0.
What is the Kiaasa Retail IPO price band?
₹121 to ₹127, on a face value of ₹10.
When is the allotment?
The basis of allotment is 26 February 2026, with listing on 2 March 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Purva Sharegistry (India) Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
