Kiaasa Retail IPO Review 2026: GMP Flat, Key Investor Insights

Posted by : Neeraj Pandey | Thu Feb 19 2026

Kiaasa Retail IPO is open for bidding from 23rd February 2026 to 25th February 2026. It is a bookbuilding IPO of ₹69.72 crore, comprising 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.

Table of Contents

Kiaasa Retail IPO Details

The Kiaasa Retail IPO date is fixed between 23rd February 2026 to 25th February 2026. The face value of Kiaasa Retail shares stands at ₹10 per share, and the IPO Issue price band is set at ₹121 to ₹127 per share

Purva Sharegistry (India) Private Limited is the registrar of the Kiaasa Retail IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.

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

Kiaasa Retail IPO Share Reservation

Riddhi Display Equipment’s IPO is a bookbuilding issue of 0.55 crore shares, worth ₹69.72 crore. Kiaasa Retail IPO Limited shares will be listed on the BSE and the SME Exchange. Furthermore, SEBI has specified the share reservation criteria for different investor categories.

Investor Categories	Shares Offered
QIB Shares Offered	Not more than 50% of the Net Issue
NII (HNI) Shares Offered	Not more than 15% of the Net Issue
Retail Shares Offered	Not more than 35% of the Net Issue

Kiaasa Retail IPO GMP Grey Market Premium

GMP is the gap between the issue price band and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the Kiaasa Retail IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

GMP DATE	IPO Price	GMP Price	Estimated Listing Price	Estimated Gain
25-2-2026	–	–	–	–
24-2-2026	–	–	–	–
23-2-2026	₹127.00	₹0.00	₹127.00	0.00%
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%
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%

As of 23rd February 2026, Kiaasa Retail IPO GMP stands at ₹0.00 per share, which means the share will likely list at ₹127.00 on its tentative listing date, 2nd March 2026.

GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Kiaasa Retail IPO GMP. Stay informed with Univest for real-time insights into IPOs and their GMP trends.

Kiaasa Retail IPO GMP Review

Check out the detailed Kiaasa Retail GMP IPO review for a thorough understanding of its potential to report listing gains on 2nd March 2026. The Kiaasa Retail IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO.

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the business’s economic growth and decline before applying for the Kiaasa Retail IPO.

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 has shown consistent revenue growth, indicating the company’s financial stability. Moreover, brokers, investors, and RAs have a positive outlook for the Kiaasa Retail IPO, with its tentative listing day set for 2nd March 2026.

Technical Analysis

Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of the Kiaasa Retail IPO.

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	[.]	[.]

Kiaasa Retail IPO Subscription Status

The Kiaasa Retail IPO will open for bidding on 23rd February 2026. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Kiaasa Retail IPO Subscription Status.

Investor Categories	Shares Offered	Shares Subscribed	Subscription to the Times
QIB Shares Offered	Not more than 50% of the Net Issue	Yet to be announced	Yet to be announced
NII (HNI) Shares Offered	Not more than 15% of the Net Issue	Yet to be announced	Yet to be announced
Retail Shares Offered	Not more than 35% of the Net Issue	Yet to be announced	Yet to be announced

About Kiaasa Retail Limited

Kiaasa Retail Founded in 2018, 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.

As of February 28, 2025, the company employed 340 full-time employees.

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 IPO Promoter Holdings

Have a look at the table below to check the holdings of Ashish Kankaria, Shruti A. Kankaria, Ambica Capital Markets Limited, and Gold View Financial Services Limited.

Shareholding Pre-Issue	71.84%
Shareholding Post-Issue	50.22%

Note: The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue.

Aim of the Kiaasa Retail IPO

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

Should I Invest in the Kiaasa Retail IPO?

Explore the pros and cons of Kiaasa Retail to know whether you should apply or avoid the issue. These pros and cons might help you understand the IPO’s efficiency in delivering profits over the coming decades.

Pros of the Kiaasa Retail IPO

The company has strong leadership and fast growth.
The company has designs that connect with local culture.
The Company’s Affordable Prices Without Compromising Quality.
The company has strict quality checks for every product.

Cons of the Kiaasa Retail IPO

The company has a business concentration risk.
The company is Leased Premises & Expansion Uncertainty
The Company’s Operational & Financial Risks

How to Apply for the Kiaasa Retail IPO?

Check the steps mentioned below to apply for Kiaasa Retail Ltd.

Step 1: Conduct thorough research on the Kiaasa Retail IPO GMP, subscription status, issue size, lot size, and other details.
Step 2: Open a demat account with Univest to access real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
Step 3: Make a bid for 2 lots of 2,000 shares worth ₹2,54,000.
Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.

Note: You can apply for the Kiaasa Retail IPO across multiple demat accounts to increase your chances of allotment.

How to Check the Kiaasa Retail IPO Allotment Status?

You can check for the Kiaasa Retail IPO allotment in different ways. These include BSE and the registrar portal. Follow the steps below to check your allotment status online.

Check On BSE

Visit the BSE Official Site
Navigate to the IPO Allotment Section.
Select Equity as the issue type.
Choose the Kiaasa Retail IPO.
Choose whether to proceed with the PAN number or the application number.
Submit your details to get the allotment status online.

Check On the Registrar Portal

Visit the registrar portal.
Click on the allotment option.
Fill in the required details.
Click on the submit button to know your Kiaasa Retail IPO allotment status.

Let’s Wrap

Kiaasa Retail IPO is a bookbuilding issue of shares worth ₹69.72 crores. The shares of Kiaasa Retail Limited will be listed on BSE and SME on its tentative listing date of 2nd March 2026. Researching the Kiaasa Retail IPO GMP and reviews is highly recommended to achieve your desired profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.

Open a demat account on Univest now to initiate your investment journey!

FAQs on Kiaasa Retail IPO

How is the Kiaasa Retail IPO?

Ans. Currently, on 23th February 2026, the Kiaasa Retail GMP (Grey Market Premium) stands at ₹0. It indicates that the estimated listing price could be ₹127.00 per share. It is a bookbuilding IPO of ₹69.72 shares. The face value of each Kiaasa Retail share is ₹10 per share.

What is the Kiaasa Retail IPO price?

Ans. The Kiaasa Retail IPO issue price band is set at ₹121 to ₹125 per share.

Is the Kiaasa Retail IPO a good investment?

Ans. 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.

Who is the registrar of the Kiaasa Retail IPO?

Ans. 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.

What is the issue size of the Kiaasa Retail IPO?

Ans. Kiaasa Retail IPO is a bookbuilding IPO of ₹69.72 crores. Moreover, the IPO is set to open on 23th February 2026 and close on 25th February 2026.

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.