Kizi Apparels IPO will open for subscription from 30 July 2024. The company aims for an issue size of ₹5.58 Cr through this IPO.
Company Overview
| Full name | Kizi Apparels Limited |
| Sector | Textile |
| Industry | Textile |
| Company Website | https://kiziapparels.co.in/ |
About Company
Incorporated in March 2023, Kizi Apparels specializes in the manufacturing and trading of ready-made garments through its showrooms, distributors, malls, and online platforms. The company has launched an e-commerce platform offering premium ethnic apparel under the brand name ANUTARRA and Western women’s apparel under the brand name KIZI. The company caters to all over India through its online platform.
The company’s product portfolio includes 2/3 PC kurta sets, kurtis, churidars, co-ord sets, semi-formal blazers, shirts, blouses, tops/tunics, dresses, palazzos, skirts, and dupattas. As of 30 June 2024, the company has 18 permanent employees across various departments, excluding the company directors.
The Objectives of the Issue
- Repayment of unsecured Loans
- Long-term Working capital requirement
- General Corporate Purpose,
- Meeting Public Issue Expenses.
Kizi Apparels IPO Timetable
| IPO Opening date | 30 July 2024 |
| IPO Closing | 01 August 2024 |
| Basis of Allotment | 02 August 2024 |
| Initiation Refund | 05 August 2024 |
| Credit to Demat Account | 05 August 2024 |
| Listing Date | 06 August 2024 |
Kizi Apparels IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹5.58 Cr – 2,658,000 shares |
| Fresh Issue | ₹5.58 Cr – 2,658,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹21 per share |
| Lot size | 6000 Shares |
| Market Maker portion | 138,000 shares |
| Shareholding pre-issue | 5,161,200 |
| Shareholding post-issue | 7,819,200 |
| Listing Exchange | BSE SME |
Kizi Apparels IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹126,000 |
| Retail (Max) | 1 | 6000 | ₹126,000 |
| HNI (Min) | 2 | 12,000 | ₹252,000 |
Kizi Apparels Offer Documents
Kizi Apparels Offer Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 138,000 (5.19%) |
| Other Shares Offered | 1,260,000 (47.40%) |
| Retail Shares Offered | 1,260,000 (47.40%) |
| Total Shares Offered | 2,658,000 (100%) |
Kizi Apparels Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 498.92 | 1,548.05 | 2,026.51 |
| Expenses | 513.07 | 1,473.92 | 1,932.19 |
| Net income | 20.64 | 54.97 | 72.21 |
Kizi Apparels Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 0.40 | 1.07 | 1.40 |
| PE ratio | – | – | 15.00 |
| RONW (%) | 6.13 | 13.92 | 12.29 |
| NAV | 6.53 | 7.65 | 11.38 |
| ROCE (%) | 9.00 | 17.00 | 14.00 |
| EBITDA (%) | 2.46 | 7.47 | 7.96 |
| Debt/Equity | 0.72 | 0.79 | 0.88 |
Company Promoters
- Abhishek Nathani
- Kiran Nathani
Promoter Holding
| Pre Issue Share Holding | 85.36% |
| Post Issue Share Holding | 56.35% |
Kizi Apparels Offer GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 5 August 2024 | 5 | – | 7,500 |
| 3 August 2024 | 7 | – | 8,500 |
| 2 August 2024 | 7 | – | 8,500 |
| 1 August 2024 | 7 | – | 8,500 |
| 31 July 2024 | 7 | – | 8,500 |
Kizi Apparels Offer Subscription Update
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 12,60,000 | 12,60,000 | 25,20,000 |
| 1 Aug 2024 | 91.69 | 139.62 | 115.65 |
| 31 Jul 2024 | 3.20 | 23.40 | 13.30 |
| 30 Jul 2024 | 1.27 | 7.89 | 4.58 |
Kizi Apparels IPO Allotment Status
Kizi Apparels IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Kizi Apparels IPO Listing Details
| Listing Date | 06 August 2024 |
| BSE Scrip Code | 544221 |
| NSE Symbol | – |
| ISIN | INE0RMR01013 |
| Final Issue Price | ₹21 per share |
Kizi Apparels IPO Listing Day Update
| Listing Exchange | BSE SME |
| Final Issue Price | ₹21.00 |
| Open | ₹23.15 |
| Low | ₹22.00 |
| High | ₹24.30 |
| Last Trade | ₹24.30 |
Kizi Apparels IPO Lead Manager(s)
INTERACTIVE FINANCIAL SERVICES LIMITED
Office No. 508, Fifth Floor, Priviera,
Nehru Nagar, Ahmedabad – 380 015, Gujarat
Phone: +91-9898055647
Email: mbd@ifinservices.in
Website: www.ifinservices.in
Kizi Apparels Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Kizi Apparels Contact Details
KIZI APPARELS LIMITED
H-629, Phase- II, Sitapura Industrial Area,
Sanganer, Jaipur, 302022, Rajasthan, India
Phone: +91 99830 23939
E-mail: info@kiziapparels.com
Website: www.kiziapparels.com
Kizi Apparels IPO FAQs
What is the Kizi Apparels offer size?
Kizi Apparels offer size is ₹ 5.58 crores.
What is the Kizi Apparels offer price band?
Kizi Apparels public offer price is ₹ 21 per share.
What is the lot size of the Kizi Apparels Offer?
Kizi Apparels offer lot size is 6,000 shares.
What is Kizi Apparels Offer GMP today?
Kizi Apparels IPO GMP today is ₹ 5 per share.
What is the Kizi Apparels kostak rate today?
Kizi Apparels kostak rate today is ₹ NA per application.
What is Kizi Apparels Subject to the Sauda rate today?
Kizi Apparels is Subject to the Sauda rate today is ₹ 7,500 per application.
Final thoughts
Kizi Apparels IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
