Through the IPO, Kiaasa Retail has raised approximately Rs 69.7 crore, which will be utilised towards expansion of its retail network, strengthening omnichannel capabilities
Kiaasa Retail , a women’s ethnic wear retail brand from NCR, has marked its listing on the BSE SME platform. The company’s Initial Public Offering (IPO), introduced at a price band of Rs 121 to Rs 127 per equity share, received an encouraging response from investors across categories. The issue was subscribed 2.05 times overall.
Through the IPO, Kiaasa Retail raised approximately Rs 69.7 crore, which will be utilised towards expansion of its retail network, strengthening omnichannel capabilities, enhancing backend infrastructure, supporting working capital requirements and reinforcing brand development initiatives.
“We have been listed on BSE SME platform, it is just not listing for capital but a trust of our investors and customers. The capital raised will support our working capital requirements and expansion plans, enabling us to further strengthen our presence in the women’s fashion segment. As we move forward, our focus remains on consistent execution and creating long-term value for all stakeholders”, said Amit Chauhan, Whole time Director, Kiaasa Retail.
The listing comes less than five years after the company undertook a strategic acquisition of Kiaasa stores in March 2021. Since then, the company has expanded its footprint from 25 stores to more than 120 stores across India, establishing a strong presence across key north and central Indian markets.
Om Prakash, chairman and Managing Director, Kiaasa Retail said, “This listing is not merely a financial milestone, it is a validation of resilience, disciplined execution and the trust placed in us by our customers, partners and investors. As we enter the public markets, our commitment to governance, transparency and sustainable growth becomes even stronger.”
The official statement added that Kiaasa has built a growing customer base, expanding from approximately 12,000 customers to nearly 6,00,000 customers, with over 30 per cent repeat purchases.
