Kiaasa Retail IPO is a book-built issue IPO, aiming to raise ₹69.72 crore. It comprises a fresh issue of 54.90 lakh equity shares aggregating to ₹69.72 crore. The bidding window was open from February 23, 2026, to February 25, 2026, with the IPO allotment to be finalised on February 26, 2026. Kiaasa Retail is scheduled to list on BSE SME on March 2, 2026.
The IPO was priced at ₹121-₹127 per share with a lot size of 2,000 shares. The public issue received bids for 1,06,70,000 shares against 52,15,000 shares available, resulting in an overall subscription of 2.05 times. Qualified Institutional Buyers led the response, subscribing 14.98 times their quota, followed by retail investors at 2.43 times.
Kiaasa Retail' ₹69.72 crore IPO, priced at ₹121-₹127 per share, was subscribed 2.05 times overall. The IPO is a fresh issue of 54.90 lakh equity shares aggregating to ₹69.72 crore.
Bidding took place from February 23 to February 25, 2026, with the Kiaasa Retail IPO allotment status on February 26, 2026. Retail investors subscribed 2.43 times and NIIs 1.16 times and listing is expected on March 2, 2026.
The table below breaks down the Kiaasa Retail share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| Market Maker Shares Offered | 2,75,000 (5.01%) |
| QIB Shares Offered | 52,000 (0.95%) |
| NII (HNI) Shares Offered | 20,87,000 (38.01%) |
| − bNII > ₹10L | 13,91,000 (25.34%) |
| − sNII < ₹10L | 6,96,000 (12.68%) |
| Retail Shares Offered | 30,76,000 (56.03%) |
| Total Shares Offered | 54,90,000 (100.00%) |
Data Source: BSE
| Category | Subscription (times) |
| Qualified Institutional Buyers (QIB) | 14.98 |
| Non-Institutional Investors (NII) | 1.16 |
| Retail Individual Investors (RII) | 2.43 |
| Total | 2.05 |
Note: The subscription details are as of February 25, 2026
Kiaasa Retail Limited was established in 2018 and is based in Ghaziabad. The company operates as an Indian fashion brand focused on women’s ethnic and fusion wear. It has expanded its presence across India through exclusive brand outlets and online platforms.
The company offers a diverse collection of women’s ethnic wear, including kurtas and kurta sets, suit sets, lehenga sets, bottoms, dupattas, and accessories. It also provides footwear, jewellery, bags, and scarves, catering to the fashion needs of Indian women with affordable products.
Kiaasa Retail operates through three models: FOFO (Franchise Owned Franchise Operated), COCO (Company Owned Company Operated), and FICO (Franchise Invested Company Operated). This structure enables the company to manage its retail network efficiently while supporting expansion.
As of February 28, 2025, the company had 113 brand outlets across 70 cities and employed 340 full-time employees. The IPO proceeds are proposed to be utilised towards expenditure for opening new stores amounting to ₹46.45 crore and general corporate purposes.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Feb 25, 2026, 6:41 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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