Profit after Tax (PAT) (%) PAT% is useful for assessing how efficiently a company is able to convert its sales into net profit after accounting for all expenses and taxes. PAT Margin (%) PAT Margin (%) is an indicator of the overall profitability and financial performance of our business; Return on Net Worth (RoNW) (%) It is an indicator which shows how much company is generating from its available shareholders’ funds Net Worth Aggregate value of the paid-up share capital and all reserves created out of the profits and securities premium account and debit or credit balance of profit and loss account, after deducting the aggregate value of the accumulated losses, deferred expenditure and miscellaneous expenditure not written off, but does not include reserves created out of revaluation of a
Competitive Advantages
Strong leadership and fast growth
Designs that connect with local culture
Strict quality checks for every product
Affordable prices without compromising quality
Stock that matches the seasons
For further details regarding some of the qualitative factors, please refer chapter titled ‘Our Business’ beginning
IPO Timeline
Open Date23 Feb 2026
Close Date25 Feb 2026
Allotment26 Feb 2026
Refund27 Feb 2026
Credit to Demat27 Feb 2026
Listing Date2 Mar 2026
Objects of the Issue
Purpose
Amount
3 The security deposit has been estimated as INR for each new store.
₹0.05 Cr
4 Inventory cost is estimated as per store.
₹0.5 Cr
2 The security deposit has been estimated as INR for each new store.
₹0.05 Cr
3 Inventory cost is estimated as per store.
₹0.5 Cr
Strengths & Weaknesses
Strengths
✓Strong leadership and fast growth
✓Designs that connect with local culture
✓Strict quality checks for every product
✓Affordable prices without compromising quality
✓Stock that matches the seasons
✓For further details regarding some of the qualitative factors, please refer chapter titled ‘Our Business’ beginning
Management & Promoters
M
Mr. Om PrakashChairman and Managing Director
I
Indian CompaniesIndependent Director
M
Mr. Amit ChauhanWhole-time director
M
Ms. Aprajita SinhaIndependent Director
M
Mr. Binod Kumar RanjanNon-Executive Director
M
Mr. Swami Tarunjay BhartiIndependent Director
M
Ms. KomalIndependent Director
P
Particulars RemunerationWhole Time Director
Shareholding Pattern
Pre-IPO
Category
%
Promoters
50%
Post-IPO
Category
%
Promoters
49%
Promoters
63.02%
Peer Comparison
Company
P/E
EPS
Kiaasa RetailIPO
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CIN: UDLPTC
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—
Telephone: +
91.0x
—
Mumbai;
11.0x
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CIN: UMHPTC
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—
Pre-IPO Financials
Period
Revenue (Cr)
PAT (Cr)
Net Worth (Cr)
Total Assets (Cr)
September 2025
₹2.96 Cr
₹0.02 Cr
₹2.46 Cr
—
2025
₹57.92 Cr
₹-0.01 Cr
₹47.31 Cr
—
2024
₹120.68 Cr
₹-0.02 Cr
₹40.67 Cr
—
2023
₹85.04 Cr
—
₹12.71 Cr
—
March 2025
₹50.04 Cr
—
₹2.96 Cr
—
About
Kiaasa Retail, founded in 2018, is one of the leading fashion brands that focuses primarily on women’s ethnic and fusion wear. Incorporated in 2018, the firm runs over 100 stores in more than 80 cities in India. From Kurtas and Kurta Sets, suit sets, lehenga sets, Bottoms, and Dupatta, to Accessories, the firm offers a wide range of women’s ethnic wear. Moreover, the firm also offers a wide range of women’s apparel, footwear, and accessories, including salwar kameez, lehengas, jewell
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