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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 ₹21.00 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). The minimum lot size investment for 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 Date | July 30, 2024 to August 1, 2024 |
| Listing Date | August 6, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹21 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 26,58,000 shares (aggregating up to ₹5.58 Cr) |
| Reserved for Market Maker | 1,38,000 shares Beeline Broking Ltd. (aggregating up to ₹0.2898 Cr) |
| Net Offered to Public | 25,20,000 shares (aggregating up to ₹5.29 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 51,61,200 shares |
| Share Holding Post Issue | 78,19,200 shares |
Kizi Apparels IPO offers total 26,58,000 shares. Out of which 12,60,000 (47.40%) allocated to NII, 12,60,000 (47.40%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,38,000 (5.19%) |
| NII (HNI) Shares Offered | 12,60,000 (47.40%) |
| Retail Shares Offered | 12,60,000 (47.40%) |
| Total Shares Offered | 26,58,000 (100.00%) |
Kizi Apparels IPO opens on July 30, 2024, and closes on August 1, 2024.
| IPO Open Date | Tue, Jul 30, 2024 |
| IPO Close Date | Thu, Aug 1, 2024 |
| Tentative Allotment | Fri, Aug 2, 2024 |
| Initiation of Refunds | Mon, Aug 5, 2024 |
| Credit of Shares to Demat | Mon, Aug 5, 2024 |
| Tentative Listing Date | Tue, Aug 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Aug 1, 2024 |
Investors can bid for a minimum of 6,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
Kizi Apparels Limited's revenue increased by 30.84% and profit after tax (PAT) rose by 31.36% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 1,340.30 | 1,135.10 | 725.14 |
| Total Income | 2,027.37 | 1,549.50 | 539.17 |
| Profit After Tax | 72.21 | 54.97 | 20.64 |
| Net Worth | 587.49 | 394.86 | 336.95 |
| Reserves and Surplus | 71.37 | ||
| Total Borrowing | 514.61 | 310.96 | 242.73 |
| Amount in ₹ Lakhs | |||
The market capitalization of Kizi Apparels IPO is ₹16.42 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 15% |
| ROCE | 14% |
| Debt/Equity | 0.88 |
| RoNW | 12.29% |
| Price to Book Value | 1.85 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 1.40 | 0.92 |
| P/E (x) | 15.01 | 22.74 |
The company proposes to utilize the Net Proceeds from the issue towards the following objects:
[Dilip Davda] The company is engaged in ethnic garments and fashion wears. It has tied-up with Reliance Retail for bulk supplies. It also has own outlets and e-commerce marketing network. Based on FY24 earnings, the issue appears aggressively priced. Well-informed investors may park moderate funds for the medium term. Read detail review...
| Listing Date | August 6, 2024 |
| BSE Script Code | 544221 |
| NSE Symbol | |
| ISIN | INE0RMR01013 |
| Final Issue Price | ₹21 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹21.00 |
| Open | ₹23.15 |
| Low | ₹22.00 |
| High | ₹24.30 |
| Last Trade | ₹24.30 |
Kizi Apparels Ltd.
H-629, Phase- II,
Sitapura Industrial Area,
Sanganer, Jaipur, 302022
Jaipur, Rajasthan
Phone: +91 99830 23939
Email: info@kiziapparels.com
Website: https://kiziapparels.co.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Kizi Apparels IPO is a SME IPO of 26,58,000 equity shares of the face value of ₹10 aggregating up to ₹5.58 Crores. The issue is priced at ₹21 per share. The minimum order quantity is 6000.
The IPO opens on July 30, 2024, and closes on August 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 July 30, 2024 and closes on August 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 Monday, August 5, 2024. Check the Kizi Apparels IPO allotment status.
The Kizi Apparels IPO listing date is on Tuesday, August 6, 2024.
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