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Kiaasa Retail IPO

Retail (Fashion) - Listed on 02 March 2026

-3.1% listing gain
Issue Price (Upper)
Rs 127
Listing Price
Rs 123
Closing Price (NSE)
Rs 116.85
Total Subscription
2.10x

Kiaasa Retail IPO listing summary

Kiaasa Retail (Retail (Fashion)) closed its IPO window in 2026 and listed on NSE and BSE on 02 March 2026 at an upper band issue price of Rs 127, opening at Rs 123 for a listing gain of -3.1% and closing day one at Rs 116.85 (-8.0% on closing basis). The IPO was subscribed 2.10x overall - QIB 14.98x, HNI/NII 1.29x, Retail 2.43x. The total issue size was Rs 69.72 Cr (Fresh Issue Rs 69.72 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.

Listing day performance

Listing Gain (Open)
-3.15%
Listing Gain (Close)
-7.99%
Day Change After Listing
-5.00%
Retail Quota
35.0%

Subscription breakdown

Final (Day 3) subscription

Number of times each investor category subscribed by close of Day 3.

QIB14.98x
HNI / NII1.29x
Retail2.43x
Overall2.10x

Day-wise overall subscription

How overall subscription built up across the three-day issue window.

Day 10.11x
Day 20.65x
Day 3 (Final)2.10x

Kiaasa Retail IPO GMP history

Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.

DayGMP (Rs)GMP %
Day 1Rs 2+1.57%
Day 2Rs 2+1.57%
Day 3Rs 7+5.51%
Day 4Rs 25+19.69%
Day 5Rs 25+19.69%

GMP Prediction vs IPOGyani AI Prediction

Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.

GMP Prediction Range
1.6%-19.7%
IPOGyani AI Prediction
-
Actual Listing Gain
-3.1%

Issue & financials

Issue SizeRs 69.72 Cr
Fresh IssueRs 69.72 Cr
OFSRs 0 Cr
IPO PE17.00
Peer / Sector PE22.00
PE vs Sector Ratio0.77
Latest EBITDA (Cr)12.84
Debt / Equity0.70

Market context at listing

How the broader market moved around the Kiaasa Retail IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.

Nifty 3D Return-1.24%
Nifty 1W Return-3.30%
Nifty 1M Return-1.80%
Nifty during IPO window-0.90%

Kiaasa Retail IPO - FAQs

What was the listing gain of Kiaasa Retail IPO?

Kiaasa Retail IPO listed at -3.1% versus the upper issue price of Rs 127 on 02 March 2026.

How many times was Kiaasa Retail IPO subscribed?

Kiaasa Retail IPO was subscribed 2.10x overall. QIB portion was subscribed 14.98x, HNI / NII 1.29x and Retail 2.43x.

What was the IPO GMP for Kiaasa Retail?

IPO GMP started at Rs 2 on Day 1 and moved to Rs 25 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.

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