Kiaasa Retail came to market through an SME IPO that opened on 23 February 2026 and closed on 25 February 2026, and the shares listed on 2 March 2026 on BSE SME. The price band was ₹121 to ₹127 per share and one lot was 1000 shares, so the minimum application was ₹1,27,000. The issue size was ₹69.72 crore. The whole issue was fresh shares, so the money raised went to the company.
Purva Sharegistry (India) Pvt.Ltd was the registrar to the issue, and Expert Global Consultants Pvt.Ltd was the lead manager.
As of 25 February 2026.
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Founded in 2018, Kiaasa Retail Limited is an Indian fashion brand that specializes in women's ethnic and fusion wear. Founded in 2018 and headquartered in Ghaziabad, it has over 100 stores across more than 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 variety of women's clothing, footwear, and accessories such as salwar kameez, lehengas, jewelry, bags, and scarves. The brand caters to the fashion requirements of Indian women with high-quality and affordable products that symbolize individuality.
The company functions through exclusive stores and e-commerce sites for better reach.The company has 113 brand stores across 70 cities, along with an e-commerce site.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 effective management of the retail chain. As of February 28, 2025, the company employed 340 full-time employees
As described in the offer document.
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Mr. Om Prakash, Mr. Amit Chauhan.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Kiaasa Retail IPO was a ₹69.72 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹121–₹127 per share with a lot size of 1,000 shares; the minimum retail application was 2,000 shares (₹2,54,000). The IPO was open from February 23 to February 25, 2026 and was subscribed 2.1x. Shares listed on BSE SME on March 2, 2026 at ₹123, a 3.1% discount to the issue price of ₹127. Purva Sharegistry (India) Pvt. Ltd.
is the registrar. Expert Global Consultants Pvt. Ltd. is the book running lead manager.
The price band of Kiaasa Retail IPO is ₹121 to ₹127 per share.
The lot size of Kiaasa Retail IPO is 1000 shares.
The minimum investment for Kiaasa Retail IPO is approximately ₹2,54,000 based on the upper price band.
The allotment date of Kiaasa Retail IPO is Feb 26, 2026.
You can check Kiaasa Retail IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Kiaasa Retail IPO allotment status on Rupix for quick and easy access.
₹121 to ₹127 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,27,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,27,000, for one lot of 1000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 23 February 2026 and closed on 25 February 2026.
The basis of allotment was published on 26 February 2026 by Purva Sharegistry (India) Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 2 March 2026 on BSE SME.
The issue size was ₹69.72 crore. The fresh issue was 54,90,000 shares (aggregating up to ₹69.72 crore).