Kizi Apparels Limited IPO of Rs 5.58 crores (Kizi Apparels IPO) Detail

The issue is entirely a fresh issue of 26.58 lakh shares. Kizi Apparels IPO is a fixed price issue of Rs 5.58 crores.

Kizi Apparels IPO opens for subscription on July 30, 2024 and closes on August 1, 2024. The allotment for the Kizi Apparels IPO is expected to be finalized on Friday, August 2, 2024. Kizi Apparels IPO will list on BSE SME with tentative listing date fixed as Tuesday, August 6, 2024.

 

Kizi Apparels IPO price is ₹21 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹126,000. The minimum lot size investment for HNI is 2 lots (12,000 shares) amounting to ₹252,000.

Interactive Financial Services Ltd is the book running lead manager of the Kizi Apparels IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Kizi Apparels IPO is Beeline Broking.

Kizi Apparels Limited IPO : Key Details & Insights.

About Kizi Apparels Limited

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

Refer to Kizi Apparels IPO RHP for detailed information.

Kizi Apparels IPO Details

IPO DateJuly 30, 2024 to August 1, 2024
Listing Date[.]
Face Value₹10 per share
Price₹21 per share
Lot Size6000 Shares
Total Issue Size2,658,000 shares(aggregating up to ₹5.58 Cr)
Fresh Issue2,658,000 shares(aggregating up to ₹5.58 Cr)

Issue TypeFixed Price Issue IPO
Listing AtBSE SME
Share holding pre issue5,161,200
Share holding post issue7,819,200
Market Maker portion138,000 shares

Kizi Apparels IPO Reservation

Kizi Apparels IPO offers 2,658,000 shares. 1,260,000 (47.40%) to NII, 1,260,000 (47.40%) to RII.

Investor CategoryShares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered138,000 (5.19%)
Other Shares Offered1,260,000 (47.40%)
Retail Shares Offered1,260,000 (47.40%)
Total Shares Offered2,658,000 (100%)

Kizi Apparels IPO Timeline (Tentative Schedule)

Kizi Apparels IPO opens on July 30, 2024, and closes on August 1, 2024.

IPO Open DateTuesday, July 30, 2024
IPO Close DateThursday, August 1, 2024
Basis of AllotmentFriday, August 2, 2024
Initiation of RefundsMonday, August 5, 2024
Credit of Shares to DematMonday, August 5, 2024
Listing DateTuesday, August 6, 2024
Cut-off time for UPI mandate confirmation5 PM on August 1, 2024

Kizi Apparels IPO Lot Size

Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (Min)16000₹126,000
Retail (Max)16000₹126,000
HNI (Min)212,000₹252,000

Kizi Apparels IPO Promoter Holding

The promoters of the company are Abhishek Nathani and Kiran Nathani.

Share Holding Pre Issue85.36%
Share Holding Post Issue56.35%

Kizi Apparels Limited Financial Information (Restated)

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 Ended31 Mar 202431 Mar 202331 Mar 2022
Assets1,340.301,135.10725.14
Revenue2,027.371,549.50539.17
Profit After Tax72.2154.9720.64
Net Worth587.49394.86336.95
Reserves and Surplus71.37
Total Borrowing514.61310.96242.73

Key Performance Indicator

The market capitalization of Kizi Apparels IPO is Rs 16.42 Cr.

KPI as of March 31, 2024.
KPIValues
ROE15%
ROCE14%
Debt/Equity0.88
RoNW12.29%
P/BV1.85
Pre IPOPost IPO
EPS (Rs)1.40.92
P/E (x)15.0122.74

Note:

  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.

    Objects of the Issue (Kizi Apparels IPO Objectives)

    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 Contact Details

Kizi Apparels Limited
H-629, Phase- II,
Sitapura Industrial Area,
Sanganer, Jaipur, 302022
Phone: +91 99830 23939
Email: info@kiziapparels.com
Websitehttps://kiziapparels.co.in/

 

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