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SME IPO Status: Listed [30th Jul 2024 to 1st Aug 2024]
Kizi Apparels IPO, a SME IPO of ₹5.58 Cr was launced on 30-07-2024 to 01-08-2024 and the shares got listed on BSE SME on 06-08-2024.
The public issue of Kizi Apparels IPO (544221) was offered at ₹21.00 per share and the ipo was listed at ₹23.15. It has delivered listing gain of 10.24%.
As the minimum lot size was 6000 shares, the IPO has offered Rs 12900.00 per lot return on listing.
| SME IPO Issue Opening Date: | 30th Jul 2024 |
| SME IPO Issue Closing Date: | 1st Aug 2024 |
| SME IPO Issue Price: | ₹21.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE SME |
| Retail Quota: | 50% of the Net issue |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹5.58 Cr |
| Fresh Issue: | ₹5.58 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 85.36% |
| Promoter Holding Post IPO: | 56.35% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544221 |
Get important updates regarding Kizi Apparels SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 2nd Aug 2024 |
| Refunds Initiation* | 5th Aug 2024 |
| Credit of Shares to Demat* | 5th Aug 2024 |
| SME IPO Listing Date* | 6th Aug 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹21.00 |
| Market Lot: | 6000 Shares |
| 1 Lot Amount: | ₹126000 |
| Min HNI Lots: | 12000 shares (2 lots)- ₹252000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 06-08-2024 | 21.00 | 5 | 22800 | ₹26 (23.81%) | 6-Aug-2024 10:27 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Kizi Apparels Limited was incorporated in March 2023. The company is engaged in manufacturing and trading readymade garments through its showrooms, dealerships malls and online platforms. Abhishek Nathani, the founder of the company, knew that he needed to develop a unique selling proposition (USP) for his business to survive and grow in the market.
In 2021, the company became one of the regular manufacturers of Reliance Retail. They launched their western womenswear brand with the name “KIZI”. After a market study, they understood the business dynamics and hence decided to introduce the western wear segment as well since it had a very consistent market. In 2022, they joined a distribution and wholesale network with their brands and tripled their sales.
To promote their brands: 1. “Anutarra” - a collection of ethnic wear for women and 2. “Kizi” – a western fashion collection for women, they have their own customer base exclusively based in Jaipur, buying in bulk from their company and selling their products in the local markets through their stores.
| Incorporation | Sector | IPO Issue Size | Website |
| 2023 | Garments & Apparels | ₹5.58 Cr | https://kiziapparels.co.in/ |
The company proposes to utilize the Net Proceeds from the issue towards the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 1,260,000 (50%) | 1,260,000 (50%) | 2,520,000 | |
| 1 | 30th Jul 2024 19:04 | 1.27x | 7.89x | 4.58x |
| 2 | 31st Jul 2024 19:04 | 3.09x | 23.33x | 13.21x |
| 3 | 1st Aug 2024 18:21 | 89.58x | 139.62x | 115.60x |
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 table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Kizi Apparels Limited | 1.4 | 1.4 | 11.38 | 15 | 12.29 | |
| Thomas Scott (india) Limited | 5.22 | 5.22 | 22.56 | 25.54 | 20.15 | |
| Bizotic Commercial Ltd | 4.92 | 4.92 | 15 | 12.11 | 31.86 |
Last Updated on 12-Aug-2024 16:07:57
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Kizi Apparels SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Kizi Apparels SME IPO with Zerodha.
Alternate approch to apply in Kizi Apparels SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Kizi Apparels SME IPO Review and Important Updates
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To subscribe or apply in Kizi Apparels SME IPO, you can use the following methods:
| Kizi Apparels SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Kizi Apparels SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Kizi Apparels SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Kizi Apparels SME IPO. Most of the Syndicate Banks provide access to apply in Kizi Apparels IPO via ASBA process. You must have your net banking access, DP ID information to apply in Kizi Apparels SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Kizi Apparels SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Kizi Apparels SME IPO Review and Important Updates
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Kizi Apparels SME IPO is going to be list on 06-08-2024. BSE Code for Kizi Apparels is 544221.
Other relevant questions:
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Kizi Apparels SME IPO Allotment Date is 02-08-2024.
Other relevant questions:
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