31 Mar 2023
Assets54.26
Total Income50.18
EBITDA4.95
Profit After Tax2.46
NET Worth2.96
Reserves and Surplus2.46
Total Borrowing21.17
At a glance
Updated 2026-09-09Kiaasa Retail is a SME IPO with an issue size of ₹69.74 crore, proposed for listing on BSE SME. The offer opens on 23rd Feb 2026 and closes on 25th Feb 2026. The issue structure includes a fresh issue of ₹66.24 crore.
Issue details
Listing atBSE SME
Issue typeBook Build Issue
Issue size₹69.74 Cr
Fresh issue₹66.24 Cr
Face value₹10
Price band₹121.00–₹127.00
Allotment26th Feb 2026
Listing2nd Mar 2026
Grey market
GMP page ↗Latest GMP₹0.00
GMP / upper price0.00%
Est. listing₹127.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens23rd Feb 2026
Closes25th Feb 2026
Allotment26th Feb 2026
Refund27th Feb 2026
Demat27th Feb 2026
Listing2nd Mar 2026
Subscription demand
Full bidding ↗QIB14.98×
sHNI0.90×
bHNI1.24×
NII / HNI1.24×
Retail2.05×
Total2.05×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Max) | 2 | 2000 | ₹254,000 |
| S-HNI (Min) | 3 | 3000 | ₹381,000 |
| S-HNI (Max) | 7 | 7000 | ₹889,000 |
| B-HNI (Min) | 8 | 8000 | ₹1,016,000 |
Reservation
Issue mix
QIB1.00%52,000 shares
Anchor Investor1.00%52,000 shares
NII (HNI)40.02%2,087,000 shares
bNII > ₹10L26.67%1,391,000 shares
sNII < ₹10L13.35%696,000 shares
Retail58.98%3,076,000 shares
Total100.00%5,215,000 shares
Company
Use of proceeds
| Object | Amount |
|---|---|
| Expenditure for opening new stores | ₹46.45 Cr |
| General Corporate Purposes | ₹10.00 Cr |
| Issue Expenses | ₹13.28 Cr |
| Total | ₹69.72 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue58.01₹ Cr · -51.9% vs prior year
EBITDA12.26₹ Cr · -20.9% vs prior year
PAT6.64₹ Cr · -20.8% vs prior year
Assets181.81₹ Cr · +26.0% vs prior year
Net Worth47.31₹ Cr · +16.3% vs prior year
Borrowing43.03₹ Cr · +50.1% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2024
Assets95.42
Total Income85.19
EBITDA10.01
Profit After Tax5.74
NET Worth12.71
Reserves and Surplus8.21
Total Borrowing15.88
31 Mar 2025
Assets144.30
Total Income120.70
EBITDA15.49
Profit After Tax8.38
NET Worth40.67
Reserves and Surplus27.93
Total Borrowing28.67
30 Sep 2025
Assets181.81
Total Income58.01
EBITDA12.26
Profit After Tax6.64
NET Worth47.31
Reserves and Surplus34.57
Total Borrowing43.03
KPIs
| KPI | Mar 31, 2025 | Sep 30, 2025 |
|---|---|---|
| ROE | 42.36% | 20.20% |
| ROCE | 20.34% | 12.02% |
| Debt / Equity | 0.70% | 0.91% |
| RoNW | 20.60% | 14.03% |
| PAT Margin | 6.94% | 11.46% |
| EBITDA Margin | 12.84% | 21.17% |
| Price to Book Value | 3.98 | 3.42 |
Valuation & shareholding
Pre-IPO EPS6.58
Post-IPO EPS7.28
Pre-IPO P/E19.31
Post-IPO P/E17.44
Promoter holding pre71.84%
Promoter holding post50.22%
Market cap₹231.51 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Kiaasa Retail IPO | — | 17.44 x | — | — |
| Ashutosh Fibre IPO | — | 12.55 x | — | — |
| Madhur Knit IPO | — | 13.35 x | — | — |
| Fascinate Textiles IPO | — | 36.97 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Expenditure for opening new stores | ₹46.45 Cr |
| General Corporate Purposes | ₹10.00 Cr |
| Issue Expenses | ₹13.28 Cr |
| Total | ₹69.72 Cr |
Registrar & lead managers
Registrar
Purva Sharegistry (India) Pvt.Ltd.Lead managers
- Expert Global Consultants Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-09.
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