KIAASA Retail Limited Launches Maiden IPO
KIAASA Retail Limited is set to open its initial public offering, pricing each equity share between Rs 121 and Rs 127. The company aims to use the proceeds primarily for opening new stores and general corporate purposes. KIAASA, an ethnic wear brand, operates through multiple platforms with significant growth across India.
- Country:
- India
KIAASA Retail Limited has announced the opening of its maiden initial public offering (IPO), setting a price band of Rs 121 to Rs 127 per equity share. The IPO will be open for subscription from February 23 to February 25, 2026. Investors can bid in multiples of 1,000 equity shares, with the total offering expected to raise up to Rs 69.7 crore.
The company plans to utilize Rs 46.44 crore of the proceeds to open new stores and for general corporate purposes. KIAASA, known for its ethnic wear brand catering to women with products like salwar kameez and lehengas, is expanding its presence across India with a growing network of exclusive outlets and an online presence.
This strategic move follows a series of expansions, including the acquisition of brands 'U-Women' and 'LAABHA,' and the transition to an omni-channel retail model. The offering is managed by Expert Global Consultants Private Limited, with Purva Sharegistry as the registrar. Interested investors are advised to review the official Red Herring Prospectus for detailed information on investment risks.
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