Fixed Price IPO | ₹6 Cr | Listed at BSE SME | Tue, Jul 30, 2024 - Thu, Aug 1, 2024
Kizi Apparels IPO is a fixed price issue of ₹5.58 crores. The issue is entirely a fresh issue of 0.27 crore shares of ₹5.58 crore.
Kizi Apparels IPO bidding started from Jul 30, 2024 and ended on Aug 1, 2024. The allotment for Kizi Apparels IPO was finalized on Aug 2, 2024. The shares got listed on BSE SME on Aug 6, 2024.
Kizi Apparels IPO price is ₹21 per share. The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,26,000 (6000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (12,000 shares), amounting to ₹2,52,000.
Interactive Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Beeline Broking Ltd..
Refer to Kizi Apparels IPO RHP for detailed Information.
IPO Open
Tue, Jul 30, 2024
IPO Close
Thu, Aug 1, 2024
Issue Price
₹21 per share
Market Cap (Pre-IPO)
₹16.42 Cr
| IPO Date | 30 Jul to 1 Aug, 2024 |
| Listed on | Tue, Aug 6, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹21 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 26,58,000 shares (agg. up to ₹6 Cr) |
| Reserved for Market Maker | 1,38,000 shares Beeline Broking Ltd. (agg. up to ₹0.2898 Cr) |
| Fresh Issue (Ex Market Maker) | 25,20,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 25,20,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 51,61,200 shares |
| Share Holding Post Issue | 78,19,200 shares |
| BSE Script Code | 544221 |
| ISIN | INE0RMR01013 |
Kizi Apparels IPO comprises a total issue size of 26,58,000 shares. The net offer to the public is 25,20,000 shares, after excluding 1,38,000 shares allotted on a firm basis. Of the Net offer 12,60,000 (50.00%) allocated to NII 12,60,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 12,60,000 | 50.00% | 47.40% |
| Retail Shares Offered | 12,60,000 | 50.00% | 47.40% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,38,000 | 5.19% | |
| Total Shares Offered | 26,58,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,26,000 |
| Retail (Max) | 1 | 6,000 | ₹1,26,000 |
| HNI (Min) | 2 | 12,000 | ₹2,52,000 |
Incorporated in March 2023, Kizi Apparels Limited is involved in the production and trading of ready-to-wear clothing through our own showrooms, distributors, malls, and online platform.
The company has launched an e-commerce platform offering premium ethnic and Western women's apparel under the brand names ANUTARRA and KIZI, respectively.
The company caters to all over India through its online platform.
The product portfolio of the company comprises of kurti sets, kurti, churidaar,Co-ord Sets,Semi formal Balzers, Shirts,Blouses, Tops/ Tunics, Dresses, Palazzo, skirt and dupatta.
As of June 30, 2024, the company has a total of 18 permanent employees in various departments, excluding the company directors
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 13.40 | 11.35 | 7.25 |
| Total Income | 20.27 | 15.50 | 5.39 |
| Profit After Tax | 0.72 | 0.55 | 0.21 |
| NET Worth | 5.87 | 3.95 | 3.37 |
| Reserves and Surplus | 0.71 | ||
| Total Borrowing | 5.15 | 3.11 | 2.43 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of unsecured Loans | 0.30 |
| 2 | Long-term Working capital requirement | 3.49 |
| 3 | General corporate purposes | 1.20 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 15% |
| ROCE | 14% |
| Debt/Equity | 0.88 |
| RoNW | 12.29% |
| PAT Margin | 4.00% |
| Price to Book Value | 1.85 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.40 | 0.92 |
| P/E (x) | 15.01 | 22.74 |
| Promoter Holding | 85.36% | 56.35% |
| Market Cap | ₹16.42 Cr. |
The Kizi Apparels IPO is subscribed 115.6 times on August 1, 2024 6:19:09 PM (Day 3). The public issue subscribed 139.62 times in the retail category, [.] times in the QIB category, and 89.58 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 89.58 | 12,60,000 | 11,28,66,000 |
| Retail | 139.62 | 12,60,000 | 17,59,26,000 |
| Total | 115.6 | 25,20,000 | 29,13,12,000 |
Total Application : 37,137
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission | 0.24 |
| 2 | Brokerage, selling commission and upload fees | 0.02 |
| 3 | Registrar to the Issue | 0.01 |
| 4 | Legal Advisors | 0.03 |
| 5 | Advertising and marketing expenses | 0.05 |
| 6 | Regulators including stock exchanges | 0.10 |
| 7 | Printing and distribution of issue stationary | 0.03 |
| 8 | Others (Market Making fees etc.) | 0.12 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹21.00 |
| Open | ₹23.15 |
| Low | ₹22.00 |
| High | ₹24.30 |
| Last Trade | ₹24.30 |
Lead Manager Reports
Kizi Apparels IPO is a SME IPO of 26,58,000 equity shares of the face value of ₹10 aggregating up to ₹6 Crores. The issue is priced at ₹21 per share. The minimum order quantity is 6000.
The IPO opens on Tue, Jul 30, 2024, and closes on Thu, Aug 1, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Kizi Apparels IPO using UPI as a payment gateway. Zerodha customers can apply in Kizi Apparels IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kizi Apparels IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kizi Apparels IPO opens on Tue, Jul 30, 2024 and closes on Thu, Aug 1, 2024.
Kizi Apparels IPO lot size is 6000, and the minimum amount required for application is ₹1,26,000.
You can apply in Kizi Apparels IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Kizi Apparels IPO will be done on Friday, August 2, 2024, and the allotted shares will be credited to your demat account by Mon, Aug 5, 2024. Check the Kizi Apparels IPO allotment status.
The Kizi Apparels IPO listing date is on Tue, Aug 6, 2024.
