Integrity Infrabuild Developers Limited IPO...
08 May, 2025
Kizi Apparels Limited IPO
Kizi Apparels is engaged in manufacturing and trading of readymade garments through their Showrooms, distributors’ malls, and online platforms. The company has launched an e-commerce platform offering premium ethnic and Western women’s apparel under ANUTTARA and KIZI, respectively. The product portfolio of the company comprises kurta sets, kurta, churidar, Co-ord Sets, Semi-formal Blazers, Shirts, Blouses, Tops/ Tunics, Dresses, Palazzo, skirts, and dupatta.
Kizi Apparel IPO is a fixed price issue of Rs 5.58 crores. The issue is entirely a fresh issue of 26.58 lakh shares. Kizi Apparel IPO opens for subscription on July 30, 2024 and closes on August 1, 2024. Kizi Apparel's IPO price is ₹21 per share. The minimum lot size for an application is 6000 Shares. Interactive Financial Services Ltd is the book-running lead manager of the Kizi Apparels IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Kizi Apparel's IPO is Beeline Broking.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Kizi Apparels Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Kizi Apparels Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | July 30, 2024 to August 1, 2024 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Price Band | ₹21 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 2,658,000 shares (aggregating up to ₹5.58 Cr) |
| Fresh Issue | 2,658,000 shares (aggregating up to ₹5.58 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Shareholding pre issue | 5,161,200 |
| Shareholding post issue | 7,819,200 |
| Market Maker portion | 138,000 shares Beeline Broking |
Kizi Apparels Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Tuesday, July 30, 2024 |
| IPO Close Date | Thursday, August 1, 2024 |
| Basis of Allotment | Friday, August 2, 2024 |
| Initiation of Refunds | Monday, August 5, 2024 |
| Credit of Shares to Demat | Monday, August 5, 2024 |
| Listing Date | Tuesday, August 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 1, 2024 |
Kizi Apparels Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹126,000 |
| Retail (Max) | 1 | 6000 | ₹126,000 |
| HNI (Min) | 2 | 12000 | ₹252,000 |
Kizi Apparel IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net issue |
| Other Shares Offered | 50% of the Net issue |
Kizi Apparels Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 85.36% | 56.35% |
Company & Financials
Incorporated in March 2023, Kizi Apparels Limited is involved in the production and trading of ready-to-wear clothing through its showrooms, distributors, malls, and online platforms. The company has launched an e-commerce platform offering premium ethnic and Western women's apparel under the brand names ANUTTARA and KIZI, respectively. The company caters to all over India through its online platform. The product portfolio of the company comprises kurta sets, kurtas, churidar, Co-ord Sets, Semi-formal Blazers, Shirts, Blouses, Tops/ Tunics, Dresses, Palazzo, skirts and dupattas. In the year 2021, they became one regular manufacturer of Reliance Retail. They have executed an Agreement and Non-Disclosure Agreement (NDA) with Reliance Retails Limited, Mumbai, on May 30, 2023, for three years. In 2021, they launched their women’s western wear brand by the name of “KIZI”. In the year 2022, they entered into a distribution and wholesale network with their brands and consequently, their sales increased three times. This has helped us to capture a sizable share of the market for their Brands.
Competitive Strength:
- -
Kizi Apparels Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 1,340.30 | 2,027.37 | 72.21 | 587.49 | 514.61 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 1,135.10 | 1,549.50 | 54.97 | 394.86 | 310.96 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 725.14 | 539.17 | 20.64 | 336.95 | 242.73 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 15% |
| ROCE | 14% |
| Debt/Equity | 0.88 |
| RoNW | 12.29% |
| P/BV | 1.85 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.4 | 0.92 |
| P/E (x) | 15.01 | 22.74 |
Objectives of Kizi Apparels IPO
The company proposes to utilize the Net Proceeds from the issue towards the following objectives:
- Repayment of unsecured Loans.
- Long-term Working capital requirement.
- General Corporate Purpose.
- Meeting Public Issue Expenses.
Kizi Apparels IPO Review
The company is engaged in ethnic garments and fashion wear. It has tied up with Reliance Retail for bulk supplies. It also has its own outlets and e-commerce marketing network. Based on FY24 earnings, the issue appears aggressively priced. Well-informed investors may park moderate funds for the medium term.
RHP:
DRHP:
Read more :
- Bansal Wire Industries Limited IPO
- ECOS (India) Mobility & Hospitality Limited IPO And Its GMP
- Rajputana Industries Limited IPO
Frequently asked Questions (FAQs )
-
What is the Kizi Apparel IPO?
Kizi Apparels IPO is an NSE SME IPO. They are going to raise ₹5.58 Crores via IPO. The issue is priced at ₹21 per equity share. The IPO is to be listed on BSE.
-
When will the Kizi Apparel IPO open?
The IPO will open on July 30, 2024, for QIB, NII, and Retail Investors.
-
What is Kizi Apparel IPO Investors Portion?
The investors’ portion for QIB is 0%, NII is 50%, and Retail is 50%.
-
What is the Kizi Apparel IPO Price Band?
Kizi Apparel's IPO Price Band is ₹21 per equity share.
-
What is Kizi Apparel's IPO Minimum and Maximum Lot Size?
The IPO bid is 6000 shares with ₹126,000.
