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Kizi Apparels IPO is a fixed price issue of Rs 5.58 crores. The issue is entirely a fresh issue of 26.58 lakh shares.
Kizi Apparels IPO bidding started from July 30, 2024 and ended on August 1, 2024. The allotment for Kizi Apparels IPO was finalized on Friday, August 2, 2024. The shares got listed on BSE SME on August 6, 2024.
Kizi Apparels IPO price is ₹21 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹126,000. The minimum lot size investment for HNI is 2 lots (12,000 shares) amounting to ₹252,000.
Interactive Financial Services Ltd is the book running lead manager of the Kizi Apparels IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Kizi Apparels IPO is Beeline Broking.
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 |
| Price | ₹21 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 2,658,000 shares (aggregating up to ₹5.58 Cr) |
| Fresh Issue | 2,658,000 shares (aggregating up to ₹5.58 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 5,161,200 |
| Share holding post issue | 7,819,200 |
| Market Maker portion | 138,000 shares Beeline Broking |
Kizi Apparels IPO offers 2,658,000 shares. 1,260,000 (47.40%) to NII, 1,260,000 (47.40%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 138,000 (5.19%) |
| Other Shares Offered | 1,260,000 (47.40%) |
| Retail Shares Offered | 1,260,000 (47.40%) |
| Total Shares Offered | 2,658,000 (100%) |
Kizi Apparels IPO opens on July 30, 2024, and closes on August 1, 2024.
| IPO Open Date | Tuesday, July 30, 2024 |
| IPO Close Date | Thursday, August 1, 2024 |
| Basis of Allotment | Friday, August 2, 2024 |
| Initiation of Refunds | Monday, August 5, 2024 |
| Credit of Shares to Demat | Monday, August 5, 2024 |
| Listing Date | Tuesday, August 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 1, 2024 |
Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹126,000 |
| Retail (Max) | 1 | 6000 | ₹126,000 |
| HNI (Min) | 2 | 12,000 | ₹252,000 |
| Lot Size Calculator | |||
The promoters of the company are Abhishek Nathani and Kiran Nathani.
| Share Holding Pre Issue | 85.36% |
| Share Holding Post Issue | 56.35% |
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 |
| Revenue | 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 Rs 16.42 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 15% |
| ROCE | 14% |
| Debt/Equity | 0.88 |
| RoNW | 12.29% |
| P/BV | 1.85 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.4 | 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...
The Kizi Apparels IPO is subscribed 115.60 times on August 1, 2024 6:19:09 PM. 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) |
|---|---|
| Other | 89.58 |
| Retail | 139.62 |
| Total | 115.60 |
Total Application : 37,137 (88.42 times)
| Listing Date | August 6, 2024 |
| BSE Script Code | 544221 |
| NSE Symbol | |
| ISIN | INE0RMR01013 |
| Final Issue Price | ₹21 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹21.00 |
| ₹23.15 |
| ₹22.00 |
| ₹24.30 |
| ₹24.30 |
Kizi Apparels Limited
H-629, Phase- II,
Sitapura Industrial Area,
Sanganer, Jaipur, 302022
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
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Check our SME IPO Guide 
Kizi Apparels IPO is a SME IPO of 2,658,000 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 Shares.
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 Shares, and the minimum amount required is ₹126,000.
You can apply in Kizi Apparels IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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as per latest changes it should be 20% right ?
please clarify