Kiaasa Retail IPO Update

IPO Details

• Price Band: ₹121 to ₹127 per share
• Number of Shares: 0.55 crore (fresh issue)
• Issue Value: ₹69.72 crore (at upper end of price band)
• Listing Date: Tentative listing date set as Monday, March 2

IPO Subscription Status

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• As of 3.55 pm on the first day, the offer received bids for 5,02,000 shares against 52,15,000 shares on offer, resulting in a subscription status of 10%.
• Retail portion subscribed 14% and non-institutional investor (NII) quota subscribed 1%.

Grey Market Premium (GMP)

• GMP: ₹26 (as of current data)
• Listing Price Estimate: ₹153 (based on GMP)
• Listing Pop Estimate: 20.47% (based on listing price estimate)

Company Overview

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• Kiaasa: An Indian ethnic wear brand offering a wide range of apparel, footwear, and accessories designed exclusively for women.
• Product Portfolio: Salwar kameez, lehengas, jewellery, bags, and scarves.
• Operations: Over 100 stores in more than 80 cities across India, with an online platform.
• Brand Outlets: 113 brand outlets in 70 cities.

IPO Timeline

• IPO Opening: February 23
• IPO Closing: February 25
• Basis of Allotment Finalization: February 26
• Share Crediting: February 27
• Refund to Non-Allottees: February 27