Kizi Apparels IPO Details: The Kizi Apparels IPO is scheduled to take place from July 30 to August 1. The company aims to raise ₹5.58 crores through this BSE SME IPO, with a price band set at ₹21 per share and a minimum market lot of 6,000 shares.
Kizi Apparels specializes in the manufacturing and trading of ready-made garments, which are distributed through showrooms, malls, distributors, and online platforms. The company has recently launched an e-commerce platform that features premium ethnic and Western apparel under the brands ANUTARRA and KIZI. Their product range includes kurta sets, kurtas, churidars, co-ord sets, semi-formal blazers, shirts, blouses, tops/tunics, dresses, palazzos, skirts, and dupattas.
In 2021, Kizi Apparels became an official manufacturer for Reliance Retail and signed a three-year Agreement and Non-Disclosure Agreement (NDA) with Reliance Retail Limited, Mumbai, on May 30, 2023. The company introduced its Western wear brand, KIZI, in 2021. By 2022, Kizi Apparels expanded its distribution and wholesale network, resulting in a threefold increase in sales and a significant market presence for their brands.
Kizi Apparels IPO Objectives:
The company proposes to utilize the Net Proceeds from the issue towards the following objects:
- Repayment of unsecured Loans
- Long-term Working capital requirement
- General Corporate Purpose,
- Meeting Public Issue Expenses.
Kizi Apparels IPO Review (Apply or Not)
- Update soon
Kizi Apparels IPO Date & Price Band Details:
| IPO Open: | July 30, 2024 |
| IPO Close: | August 1, 2024 |
| IPO Size: | Approx ₹5.58 Crores, 2,658,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹21 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 50% of the net offer |
| QIB Quota: | [.]% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Kizi Apparels IPO Lot Size:
The minimum market lot for the Kizi Apparels IPO is 6,000 shares, requiring an application amount of ₹126,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 6000 | ₹126,000 |
| Retail Maximum | 1 | 6000 | ₹126,000 |
| S-HNI Minimum | 2 | 12000 | ₹252,000 |
Kizi Apparels IPO Timeline:
The Kizi Apparels IPO is set to open on July 30 and close on August 1. The allotment date is scheduled for August 2, with the listing potentially taking place on August 6.
| PO Open Date: | July 30, 2024 |
| IPO Close Date: | August 1, 2024 |
| Basis of Allotment: | August 2, 2024 |
| Refunds: | August 5, 2024 |
| Credit to Demat Account: | August 5, 2024 |
| IPO Listing Date: | August 6, 2024 |
Kizi Apparels IPO GMP Today:
GMP for Kizi Apparels SME IPO has not started yet. We are updating the GMP information on a daily basis. Please visit us again soon for the latest GMP updates.
Kizi Apparels Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹5.39 | ₹5.13 | ₹0.21 |
| 2023 | ₹15.50 | ₹14.74 | ₹0.55 |
| 2024 | ₹20.27 | ₹19.32 | ₹0.72 |
Kizi Apparels IPO Valuation – FY2024
Check Kizi Apparels IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹1.40 per Equity Share |
| Price/Earning P/E Ratio: | 15.00 |
| Return on Net Worth (RoNW): | 12.29% |
| Net Asset Value (NAV): | ₹11.38 per Equity Share |
Peer Group
- Thomas Scott (India) Limited
- Bizotic Commercial Limited
Company Promoters
- Abhishek Nathani
- Kiran Nathani.
Kizi Apparels IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Kizi Apparels IPO Allotment Status
Check Kizi Apparels IPO allotment status on Bigshare website URL. Click Here
Kizi Apparels IPO Lead Managers aka Merchant Bankers
- Interactive Financial Services Ltd
Company Address
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/
Kizi Apparels IPO FAQs
1. What are the key dates for the Kizi Apparels IPO?
- IPO Open Date: July 30, 2024
- IPO Close Date: August 1, 2024
- Allotment Date: August 2, 2024
- Listing Date: August 6, 2024 (tentative)
2. What is the price band for the Kizi Apparels IPO?
The price band for the Kizi Apparels IPO is set at ₹21 per share.
3. What is the minimum lot size for the IPO?
The minimum market lot for the Kizi Apparels IPO is 6,000 shares.
4. What is the application amount for the IPO?
The application amount for the minimum lot of 6,000 shares is ₹126,000.
5. How many shares are being offered in the IPO?
Kizi Apparels is aiming to raise ₹5.58 crores through this IPO.
6. Where can I apply for the Kizi Apparels IPO?
You can apply for the Kizi Apparels IPO through your stockbroker or using online IPO application platforms.
7. What is Kizi Apparels’ business focus?
Kizi Apparels specializes in the manufacturing and trading of ready-made garments, including ethnic and Western wear, through showrooms, malls, distributors, and online platforms.
8. What are the company’s notable achievements?
In 2021, Kizi Apparels became a regular manufacturer for Reliance Retail. They also launched their Western wear brand, KIZI, and expanded their distribution network in 2022, leading to a significant increase in sales.
9. How can I check my IPO allotment status?
You can check your IPO allotment status on the official website of the registrar or through your stockbroker’s platform.
10. What happens if I do not receive an allotment?
If you do not receive an allotment, your application amount will be refunded. The refund process typically begins shortly after the allotment date.
