Kizi Apparels is scheduled to hit the market on July 30, 2024 and close on August 01, 2024. Kizi Apparels plans to raise around ₹5.58 Cr through an IPO with a sale of up to 2,658,000 equity shares of ₹10 each. The Retail offered 50%, Other Shares Offered 50%.
Kizi Apparels Limited, incorporated in March 2023, specializes in the production and trading of ready-to-wear clothing. The company operates through its own showrooms, distributors, malls, and an online platform, ensuring a wide reach across India. It has launched an e-commerce platform that features premium ethnic and Western women's apparel under the brand names ANUTARRA and KIZI.
The product range includes a variety of items such as kurti sets, kurtis, churidaars, co-ord sets, semi-formal blazers, shirts, blouses, tops/tunics, dresses, palazzos, skirts, and dupattas. As of June 30, 2024, Kizi Apparels Limited employs a total of 18 permanent staff across various departments, excluding the company directors.
Kizi Apparels IPO Details
Kizi Apparels IPO opens on July 30, 2024, and closes on August 01, 2024. The Listing date for Kizi Apparels IPO is on August 06, 2024. The price band for IPO is ₹21 per share and lot size of 6000 Shares.
| IPO Date | July 30, 2024 to August 01, 2024 |
| Listing Date | August 06, 2024 |
| Price | ₹21 per share |
| Lot Size | 6000 Shares |
| Issue Size | ₹5.58 Cr |
| Face Value | ₹10 per share |
Kizi Apparels IPO Tentative Timetable
Kizi Apparels opening date is July 30, 2024 and close date is August 01, 2024. The IPO allotment date is August 02, 2024. Therefund initiation of IPO is on August 05, 2024. The credit of shares in demat account is on August 05, 2024. The listing date is on August 06, 2024.
| Event | Date |
|---|---|
| IPO Opening | July 30, 2024 |
| IPO Closing | August 01, 2024 |
| IPO Allotment Date | August 02, 2024 |
| Refund Initiation | August 05, 2024 |
| Shares Credit to Demat | August 05, 2024 |
| Lisiting Date | August 06, 2024 |
Kizi Apparels IPO Lot Size
Lot Size of this IPO is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹126,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 6000 | ₹126,000 |
| Retail(Maximum) | 1 | 6000 | ₹126,000 |
| HNI (Minimum) | 2 | 12,000 | ₹252,000 |
Kizi Apparels IPO Promoter Holding
| Pre Issue Share Holding | 85.36% |
| Post Issue Share Holding | 56.35% |
Kizi Apparels IPO Review
Kizi Apparels Ltd. (KAL) is a company involved in the manufacturing and trading of readymade garments, marketed through its showrooms, distributors, malls, and online platform. The company has launched brands like “ANUTARRA” in women's ethnic wear and “KIZI” in women's western wear. Significant collaborations, including partnerships with Arvind Lifestyle Brand Limited and Reliance Retail, have helped the company gain momentum and expand its reach. KAL's products are listed on various e-commerce platforms, enhancing its market presence.
Financially, KAL has demonstrated consistent growth over the past three fiscal years. Total income increased from ₹5.39 crore in FY22 to ₹20.27 crore in FY24, while net profit rose from ₹0.21 crore to ₹0.72 crore in the same period. Despite this growth, the IPO is aggressively priced at a P/E of 22.83 based on FY24 earnings. The company plans to utilize the IPO proceeds for loan repayment, working capital, and general corporate purposes, aiming to support its ongoing expansion and operational needs.
The company's engagement in the competitive fashion garments sector, along with its strategic focus on e-commerce and retail collaborations, provides a solid foundation for future growth. However, given the aggressive pricing of the IPO, potential investors should consider the valuation carefully. Well-informed investors may consider parking moderate funds for the medium term, taking into account the company's growth trajectory and market potential.
Kizi Apparels IPO Subscription Status (Bidding Details)
Table not foundKizi Apparels IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Kizi Apparels IPO FAQs
What is Kizi Apparels IPO?
Kizi Apparels is issuing 2,658,000 equity shares with a face value of ₹10 each, totaling up to ₹5.58 Cr. The shares are being offered at a price of ₹21 each, with a minimum order quantity of 6000 shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Kizi Apparels IPO will open?
Kizi Apparels will open on July 30, 2024 for QIB, NII, and Retail Investors.
When Kizi Apparels IPO will end?
Kizi Apparels will end on August 01, 2024.
What is Kizi Apparels IPO Size?
Kizi Apparels IPO size is ₹5.58 Cr.
What is Kizi Apparels IPO Price Band?
Kizi Apparels price band is ₹21 per share.
What is the Kizi Apparels IPO Allotment Date?
Kizi Apparels allotment date is August 02, 2024.
What is the Kizi Apparels IPO Listing Date?
Kizi Apparels listing date is August 06, 2024. The IPO is to be listed on BSE and NSE.
How to Kizi Apparels IPO through Zerodha?
To apply for the IPO “Kizi Apparels” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Kizi Apparels IPO through Upstox?
To apply for the IPO “Kizi Apparels” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Kizi Apparels IPO Allotment Status?
For Kizi Apparels IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Kizi Apparels IPO GMP?
You can check out here: Kizi Apparels IPO GMP