Kizi Apparels Limited IPO Detail
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
Company Promoters
The promoters of the company are Abhishek Nathani and Kiran Nathani.IPO Details
| IPO Opening Date | Jul 30, 2024 |
| IPO Closing Date | Aug 01, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹21 per equity share |
| Market Lot | 6000 Shares |
| Min Order Quantity | 6000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹5.58 Cr |
| Fresh Issue | 2,658,000 shares (aggregating up to ₹5.58 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 1.27x | 7.89x | 4.58x |
| Day 2 | 0.00x | 0.00x | 0.00x | 3.09x | 23.33x | 13.21x |
| Day 3 | 0.00x | 0.00x | 0.00x | 89.58x | 139.62x | 115.60x |
IPO Tentative Timetable
The Kizi Apparels Limited IPO open date is Jul 30, 2024, and the close date is Aug 01, 2024. The issue may list on Aug 06, 2024.
| IPO Open Date | Jul 30, 2024 |
| IPO Close Date | Aug 01, 2024 |
| Basis of Allotment Date | Aug 02, 2024 |
| Initiation of Refunds | Aug 05, 2024 |
| Credit of Shares to Demat Account | Aug 05, 2024 |
| IPO Listing Date | Aug 06, 2024 |
IPO Lot Size
The Kizi Apparels Limited IPO market lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹126000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 6000 | ₹126000 |
| Maximum | 1 | 6000 | ₹126000 |
IPO Promoter Holding
| Pre Issue Share Holding | 85.36% |
| Post Issue Share Holding | 56.35% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-24 | 1340.30 | 2027.37 | 72.21 |
| 31-Mar-23 | 1135.10 | 1549.50 | 54.97 |
| 31-Mar-22 | 725.14 | 539.17 | 20.64 |
Objects of the Issue:
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 Limited IPO Registrar:
Bigshare Services Pvt Ltd
Kizi Apparels Limited IPO Lead Manager(s):
Interactive Financial Services Ltd
Company Contact Information:
Kizi Apparels Limited
H-629, Phase- II, Sitapura Industrial Area, Sanganer
Jaipur
Rajasthan
