Kizi Apparels’ IPO, valued at Rs 5.58 crores, will sell 26.58 lakh new shares at ₹21 apiece from July 30 to August 1, 2024. It is scheduled to float on the BSE SME on August 6. The minimum investment for retail is ₹126,000, while HNIs must invest ₹252,000. The IPO is managed by Interactive Financial Services, and Bigshare Services serves as the registrant.
Kiran and Abhishek Nathani have marketed the business. Following the issuance of more shares, the promoter’s shareholding of Kizi Apparels will drop from 85.36% to 56.35%. The firm intends to use proceeds from the new issue to pay back long-term working capital requirements as well as unsecured loans.
Kizi Apparels Limited IPO Details
- IPO Opening Date: July 30, 2024
- IPO Closing Date: August 1, 2024
- IPO Price: ₹21 per share
- Issue Size: 2,658,000 shares (Rs 5.58 crore)
- Listing Date: August 6, 2024
- Market: BSE, SME
Kizi Apparels Limited Financials
| Total Revenue | 2,027.37 lakh |
| Net worth | 587.49 Lakh |
| PAT | 72.21 lakh |
| Total Borrowing | 514.61 lakh |
Kizi Apparels Limited IPO Subscription Status
In its IPO, Kizi Apparels had raised 13.21 times the amount of shares offered by the end of the second day of subscriptions. The significant response indicates that investors are highly interested in and confident in Kizi Apparels’ ability to thrive within the fashion industry.
Steps to check the IPO allotment
On the website of the IPO registrar, if you applied for the Kizi Apparels IPO, you can verify the status of your allotment.
- Enter your login information straight into the Bigshare website at https://ipo.bigshareonline.com/ipo_status.html.
- Select Kizi Apparels IPO from the list of companies.
- Choose PAN Number, Beneficiary ID, or Application No./CAF No.
- Just click Search.
Kizi Apparels Limited Overview
Established in March 2023, Kizi Apparels Limited is a legally established company that is capable of manufacturing and distributing clothes along with ready-to-wear items via our independent showrooms, wholesalers, shopping centers, and internet platforms. Additionally, it launched an online store for the western and ethnic women’s apparel brands KIZI and ANUTARRA, respectively. At the moment, the business serves the entire nation, and customers can place orders online. Kurti sets, Churidaar, Co-ord sets, semi-formal blazers, blouses, tops/tunics, dresses, palazzos, skirts, and dupattas are all offered by the brand.
