Kiaasa Retail IPO Day 1: Subscription at 0.06x, GMP Rises 20.74% | Live Updates

Posted by : Neeraj Pandey | Mon Feb 23 2026

The Kiaasa Retail IPO GMP is ₹26 as of 23rd February 2026. It is a book-building issue IPO of ₹69.72 crores. This is an entirely fresh issue of 0.55 crore shares. The issue will be listed on BSE and SME on its tentative listing date, 2nd March 2026. The face value of Kiaasa Retail IPO shares is ₹10 per share, and the IPO price band is ₹121 to ₹127 per share. Retail investors can bid for a minimum of 2 lots of 2,000 shares worth ₹2,54,000. Scroll down to check the Kiaasa Retail IPO GMP and subscription details.

Table of Contents

Kiaasa Retail IPO GMP Grey Market Premium

As mentioned earlier, the Kiaasa Retail IPO GMP currently stands at ₹26.00 per share. Thus, the estimated listing price would be at ₹153.00. This indicates that the estimated listing gain in this IPO could be 20.47%. Explore the table for Kiaasa Retail IPO GMP updates.

GMP DATE	IPO Price	GMP Price	Estimated Listing Price	Estimated Gain
23-2-2026	₹127.00	₹26.00	₹153.00	20.47%
22-2-2026	₹127.00	₹0.00	₹127.00	0.00%
21-2-2026	₹127.00	₹0.00	₹127.00	0.00%
20-2-2026	₹127.00	₹0.00	₹127.00	0.00%
19-2-2026	₹127.00	₹0.00	₹127.00	0.00%
18-2-2026	₹127.00	₹0.00	₹127.00	0.00%
17-2-2026	₹127.00	₹0.00	₹127.00	0.00%
16-2-2026	₹127.00	₹0.00	₹127.00	0.00%
15-2-2026	₹127.00	₹0.00	₹127.00	0.00%

Note: GMP details are subject to change based on market conditions and fluctuations. Check the live Kiaasa Retail IPO GMP status at Univest.

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Kiaasa Retail IPO Subscription Status

As of now, the Kiaasa Retail IPO has been subscribed to 0.06 times. Of these, 0.09 times are subscribed by retail investors, 0.00 times by non-institutional investors, and 0.00 times by QII (Qualified Institutional Investors).

The healthy subscription status indicates that investors are expecting higher returns at the time of Kiaasa Retail’s IPO listing on 2nd March 2026. Kiaasa Retail also has a positive outlook behind the fresh issue of 0.55 crore shares, which will raise around Rs 69.72 crores.

Note: GMP details are subject to change based on market conditions and fluctuations. Check the live Kiaasa Retail IPO Subscription status at Univest.

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Kiaasa Retail IPO Details

IPO Allotment Date	26th February 2026
IPO Open Date	23th January 2026
IPO Close Date	25th February 2026
Refund Initiation	27th February 2026
Issue Size	54,90,000 shares(agg. up to ₹70 Cr)
Face Value	₹10 per share
Lot Size	1,000 Shares
Issue Price	₹121 to ₹127 per share
Issue Type	Bookbuilding IPO
Listing At	BSE SME
Listing Date	2nd March 2026

Also Read: Kiaasa Retail IPO GMP & Review: Apply or Avoid?

Explanation

Kiaasa Retail IPO: Kiaasa Retail IPO Limited has declared an issue price band of ₹121 to ₹127 per share. With this IPO, the company allows retail investors to bid for at least 2 lots of 2,000 shares, each worth ₹2,54,000. The face value of Kiaasa Retail IPO Limited shares is ₹10 per share. The shares of Kiaasa Retail IPO Limited will be listed on BSE and SME on its tentative listing day, 2nd March 2026. Scroll down to check GMP updates and Kiaasa Retail IPO reviews.

About Kiaasa Retail Ltd.

Kiaasa Retail Founded in 2018, it is an Indian fashion brand that specialises in women’s ethnic and fusion wear. Founded in 2018 and headquartered in Ghaziabad, it has over 100 stores across over 80 cities in India. Kiaasa provides a wide range of women’s ethnic wear, including:

Kurtas and Kurta Sets
Suit Sets
Lehenga Sets
Bottoms and Dupattas
Accessories

Kiaasa is an ethnic wear brand that provides a wide range of women’s clothing, footwear, and accessories such as salwar kameez, lehengas, jewellery, bags, and scarves. The brand caters to the fashion requirements of Indian women with quality and affordable products that represent individuality. The company functions through exclusive stores and online platforms for better reach. The company has 113 brand stores in 70 cities, along with an online presence. The company functions through three models: FOFO (Franchise Owned Franchise Operated), COCO (Company Owned Company Operated), and FICO (Franchise Invested Company Operated), which helps in efficient management of the retail network.

Kiaasa Retail Limited Financials

The company’s financial analysis is essential before applying for the Kiaasa Retail IPO. See the table for Kiaasa Retail Limited’s financials.

Year Ended	28th Feb 2025 (in cr.)	31st March 2024 (in cr.)	31st March 2023 (in cr.)	31st March 2022
Assets	141.47	95.42	54.26	30.18
Revenue	107.67	85.19	50.18	26.75
Profit After Tax	7.38	5.74	2.46	1.36
EBITDA	–	–	–	–
Net Worth	39.67	12.71	2.96	0.50
Reserves and Surplus	34.00	8.21	2.46	0.00
Total Borrowings	25.14	15.88	21.17	15.65

Explanation

Kiaasa Retail Limited’s revenue increased by 69.76% from ₹50.18 crores in March 2023 to ₹85.19 crores in March 2024. Moreover, the company’s PAT increased by 13.33% from ₹2.46 crores in March 2023 to ₹5.74 crores in March 2024.

Kiaasa Retail IPO Objectives

The primary aim of the Kiaasa Retail IPO is to raise ₹69.72 crores. On the other hand, Fractal Analytics has decided to utilise these funds in different ways.

To Expenditure for opening new stores
To General Corporate Purposes

Kiaasa Retail IPO Registrar

Purva Sharegistry (India) Private Limited is the registrar for the Kiaasa Retail IPO, awaiting the allotment process and initiating refunds. For any queries regarding the Kiaasa Retail allotment and refund, you can contact Purva Sharegistry (India) Private Limited at newissue@purvashare.com or at +91-022-23018261/ 23016761.

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Kiaasa Retail IPO Review

The Kiaasa Retail IPO has gained neutral ratings from industry experts, brokers, and institutional investors. Kiaasa Retail Limited’s revenue increased by 69.76% from ₹50.18 crores in March 2023 to ₹85.19 crores in March 2024. Moreover, the company’s PAT increased by 13.33% from ₹2.46 crores in March 2023 to ₹5.74 crores in March 2024. Most analysts recommend applying for this IPO to diversify your investment portfolio. However, we’re waiting for additional ratings to get a clearer picture and will keep posting them to deliver real-time insights. Until then, you can explore the company’s technical analysis to know whether you should apply for the Kiaasa Retail IPO or not.

Key Indicators	Value
PE Ratio (Price-to-Earnings)	–
EPS (Earnings Per Share)	–
RoNW	45.19%
ROCE	33.23%
ROE	73.29%
EBITDA Margin	–
Price to Book Value	–
Market Capitalisation	–

The P/E ratio of Kiaasa Retail Limited shares is [.], and its Earnings Per Share (EPS) stands at [.]. Thus, the Kiaasa Retail IPO can deliver gains on its tentative listing date, 2nd March 2026.

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Kiaasa Retail Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.

Indicators	Pre-IPO	Post-IPO
PE Ratio	[.]	[.]
EPS	[.]	[.]

FAQs on Kiaasa Retail IPO

What is the Kiaasa Retail IPO GMP?

Currently, on 23rd February 2026, the Kiaasa Retail IPO GMP (Grey Market Premium) stands at ₹26.00. This indicates that the estimated listing price could be ₹153.00 per share.

What is the issue price of the Kiaasa Retail IPO?

The Kiaasa Retail IPO issue price band is set at ₹121.00 to ₹127.00 per share. Retail investors can apply for a minimum of 2 lots, each consisting of 2,000 shares, worth ₹2,54,000. Moreover, HNIs are required to bid for a minimum of 3 lots (3,000 shares) worth ₹3,81,000.

Who is the registrar of the Kiaasa Retail IPO?

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Kiaasa Retail IPO, download the Kiaasa Retail IPO RHP and Kiaasa Retail IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.