Kiaasa Retail Ipo
Kiaasa Retail IPO Review & Key Points
Review: Neutral
IPO Lead Managers aka Merchant Bankers
Expert Global Consultants Pvt. Ltd.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2,000 | ₹2,54,000 |
| Retail Maximum | 2 | 2,000 | ₹2,54,000 |
| S-HNI Minimum | 3 | 3,000 | ₹3,81,000 |
| S-HNI Maximum | 7 | 7,000 | ₹8,89,000 |
| B-HNI Minimum | 8 | 8,000 | ₹10,16,000 |
| Investor Category | Share Offered | Shares (%) |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | 52,000 Shares | 0.95% |
| NII Shares Offered | 20,87,000 Shares | 38.01% |
| Retail Shares Offered | 30,76,000 Shares | 56.03% |
| IPO Open Date: | February 23, 2026 |
| IPO Close Date: | February 25, 2026 |
| Basis of Allotment: | February 26, 2026 |
| Refunds: | February 27, 2026 |
| Credit to Demat Account: | February 27, 2026 |
| IPO Listing Date: | March 2, 2026 |
| IPO Bidding Cut-off Time: | February 25, 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,27,39,005 | 71.84% |
| Promoter Holding Post Issue | 1,82,29,005 | 50.22% |
| Purpose | Crores |
| Expenditure for opening new stores | ₹50.37 |
| General Corporate Purpose | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹50.18 | ₹46.72 | ₹2.46 | ₹54.26 |
| 2024 | ₹85.19 | ₹77.33 | ₹5.74 | ₹95.42 |
| 2025 | ₹120.70 | ₹109.40 | ₹8.38 | ₹144.30 |
| Sep 2025 | ₹58.01 | ₹49.12 | ₹6.64 | ₹181.81 |
| KPI | Values |
| ROE: | 22.21% |
| ROCE: | 21.72% |
| EBITDA Margin: | 13.51% |
| PAT Margin: | 7.41% |
| Debt to equity ratio: | 0.71 |
| Earning Per Share (EPS): | ₹6.58 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 20.60% |
| Net Asset Value (NAV): | ₹31.93 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Monte Carlo Fashion Limited | 39.15 | 17.11 | 9.73% | 40.23 | 1,100.41 Cr. |
| Kewal Kiran Clothing Limited | 23.44 | 23.59 | 18.20% | 13.31 | 1,002.77 Cr. |
| Purple United Sales Limited | 13.59 | 33.61 | 17.30% | 6.30 | 103.13 Cr. |
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| IPO Open Date | February 23, 2026 |
| IPO Close Date | February 25, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹121 to ₹127 Per Share |
| Issue Size | Approx ₹69.72 Crores |
| Fresh Issue | Approx ₹69.72 Crores |
| Issue Type | Book build Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |