Ethnic wear brand Kiaasa to launch IPO next week
Kiaasa Retail, known for its women's ethnic wear, is launching its IPO on February 23 and closing it on February 25.
They're aiming to raise ₹69.72 crore and plan to list on the BSE by March 2.
The money will help fund their big expansion plans across India.
The brand's journey so far
Started in 2018, Kiaasa runs 113 stores in 70 cities, offering everything from kurta sets and lehengas to dresses and accessories for modern Indian women.
The brand uses a mix of company-owned and franchise models to reach more shoppers.
Expansion plans and financial performance
Kiaasa is valued at ₹231.5 crore (with shares priced at ₹121-127 each). Profits jumped by 46% last year, hitting ₹8.4 crore as revenue grew over 40%.
They're planning to open over 60 new stores by FY27, with eyes set on states like Bihar, Maharashtra, Punjab, and Delhi/NCR — the company plans to add 41 stores in the current financial year and 20 in FY27, for a total of about 61 new stores by FY27.