Kiaasa Retail IPO GMP, Date, Price Band & Review

Kiaasa Retail IPO is a Book-building IPO of ₹69.72 crores, entirely a fresh issue of 0.55 crore shares. The price band for this IPO is set at ₹121 to 127 per share, and the lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail investor) is ₹2,54,000 (2,000 shares). Kiaasa Retail IPO will be open for subscription from Feb 23 to 25, 2026, on the BSE SME platform with a tentative listing date fixed as March 2, 2026.

Company Background

Kiaasa Retail Ltd. was established in 2018 and is headquartered in Ghaziabad, being a premier fashion brand specializing in women's ethnic and fusion wear. The company has rapidly evolved from a regional player into a national brand, operating over 113 brand outlets across 70+ cities. They are known for their commitment to blending traditional Indian culture with modern aesthetics. The company offers a diverse range of high-quality apparel, accessories and footwear designed to provide affordable yet stylish fashion solutions for the contemporary Indian woman.

Operations & Product Range

Facility & Production

Kiaasa Retail Ltd. has an integrated infrastructure with its main warehouse and operational base situated at. The design process of the company emphasizes robust in-house design skills and moral collaborations with local artisans. The decentralized production approach ensures a steady flow of seasonal ranges while adhering to a stringent quality control process. The infrastructure is capable of managing large-scale distribution to its retail network spread across the country, thus supporting its aim of efficient material sourcing and inventory management.

Brand & Market Presence

Kiaasa Retail Ltd. has created a strong market presence as a prominent Direct-to-Consumer (D2C) ethnic wear brand, specifically dominating Tier-II and Tier-III cities. With 113 brand stores and a strong online presence on Myntra and Amazon, it reaches out to the local culture through affordable high-fashion designs. The brand is known for its "fusion" philosophy, which attracts a broad spectrum of customers. including young working professionals and homemakers, and plans to expand its presence to over 250 stores in FY2028.

Revenue Channels

• • Company-owned (COCO) and franchise (FOFO/FICO) managed physical stores.
• • Sales contribution from its website and major third-party marketplaces like Amazon, Myntra, and Flipkart.
• • Seamless "click-and-collect" model and integrated digital-to-offline customer experiences.
• • Initial sign-up fees and ongoing sales-based commissions from franchise partners.

Management & Shareholding

Promoter & Shareholding

Kiaasa Retail Ltd. is led by visionary promoters Mr. Om Prakash and Mr. Amit Chauhan, who acquired the brand in 2021. As of early 2026, the promoters maintain a dominant majority stake of around 63.02%, demonstrating their deep long-term commitment. The upcoming IPO will involve a fresh issue of shares, marginally diluting this holding to fuel the company's next phase of aggressive retail expansion.

Board Members

The board of directors of Kiaasa Retail Ltd. is headed by Mr. Om Prakash (Chairman & Managing Director) and Mr. Amit Chauhan (Whole-time Director), who are ably supported by a team of professionals, including Swami Tarunjay Bharti, a Non-Executive Independent Director with rich experience in Chartered Accountancy and Law. Other important members include Binod Kumar Ranjan, Komal and Aprajita Sinha, who ensure a proper balance of the board, which is focused on financial prudence, regulatory requirements, and sustainable development of the brand in the public markets.