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KIAASA Retail Limited has set a price band of INR 121-127 per share for its INR 69.7 crore IPO, which opens on February 23 and closes on February 25, 2026. The issue is entirely a fresh offer, with up to INR 46.44 crore earmarked for opening new stores and the balance for general corporate purposes. Operating in the women's ethnic wear segment, KIAASA offers apparel, footwear and accessories through 124 exclusive outlets across 70 cities and an online platform. The company reported revenue of INR 120 crore and net profit of INR 8.3 crore in FY25, reflecting steady growth in India's organised fashion retail market.
KIAASA Retail Limited has fixed the price band at INR 121 to INR 127 per equity share of face value INR 10 each for its initial public offering (IPO). The public issue will open for subscription on Monday, February 23, 2026, and close on Wednesday, February 25, 2026. Advertisement
The IPO is a fresh issue of up to INR 69.7 crore. Investors can bid for a minimum of two lots and in multiples of 1,000 equity shares thereafter. As on date, the company has 1,27,39,005 outstanding equity shares of face value INR 10 each.
Out of the total proceeds, up to INR 46.44 crore will be used for opening new stores, while the remaining funds will be allocated for general corporate purposes.
The offer is being made through the book-building process. Not more than 50 per cent of the net offer will be allocated to qualified institutional buyers, while not less than 15 per cent and 35 per cent will be reserved for non-institutional investors and retail individual bidders respectively.
KIAASA Retail operates in the women's ethnic wear segment, offering apparel, footwear and accessories. Its product range includes salwar kameez, lehengas, jewellery, bags and scarves. The brand focuses on affordable fashion and serves customers through exclusive brand outlets and an online platform.
The company opened its first store in Kamla Nagar, Delhi, in June 2018. Since then, it has expanded steadily across India. In March 2021, promoters Mr Om Prakash and Mr Amit Chauhan took over the business, following which the company accelerated its expansion.
By September 2021, KIAASA had opened its 50th store in Vadodara. It strengthened its southern presence with the acquisition of the U-Women brand in December 2021 and expanded in Delhi/NCR through the acquisition of LAABHA in February 2022. In March 2022, the company opened its 100th store in Faridabad. It shifted to an omni-channel model in October 2022, integrating physical stores with digital operations. Currently, KIAASA operates 124 exclusive brand outlets across 70 cities.
For the six months ended September 30, 2025, revenue from operations stood at INR 57.91 crore, with net profit at INR 6.63 crore. In FY25, revenue rose to INR 120 crore compared to INR 85 crore in FY24. Net profit for FY25 was INR 8.3 crore versus INR 5.74 crore in FY24.
Expert Global Consultants Private Limited is the book-running lead manager, and Purva Sharegistry (India) Pvt Ltd is the registrar to the issue.
Source: PTI
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