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29 July 2024

Kizi Apparels Limited IPO

Kizi Apparels is engaged in manufacturing and trading of readymade garments through their Showrooms, distributors’ malls, and online platforms. The company has launched an e-commerce platform offering premium ethnic and Western women’s apparel under ANUTTARA and KIZI, respectively. The product portfolio of the company comprises kurta sets, kurta, churidar, Co-ord Sets, Semi-formal Blazers, Shirts, Blouses, Tops/ Tunics, Dresses, Palazzo, skirts, and dupatta.

Kizi Apparel IPO is a fixed price issue of Rs 5.58 crores. The issue is entirely a fresh issue of 26.58 lakh shares. Kizi Apparel IPO opens for subscription on July 30, 2024 and closes on August 1, 2024. Kizi Apparel's IPO price is ₹21 per share. The minimum lot size for an application is 6000 Shares. 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 Apparel's IPO is Beeline Broking.

Kizi Apparel IPO Overview

Detail	Description
IPO Date	July 30, 2024 to August 1, 2024
Listing Date	[.]
Face Value	₹10 per share
Price Band	₹21 per share
Lot Size	6000 Shares
Total Issue Size	2,658,000 shares (aggregating up to ₹5.58 Cr)
Fresh Issue	2,658,000 shares (aggregating up to ₹5.58 Cr)
Issue Type	Fixed Price Issue IPO
Listing At	BSE SME
Shareholding pre issue	5,161,200
Shareholding post issue	7,819,200
Market Maker portion	138,000 shares Beeline Broking

Kizi Apparels IPO Timeline (Tentative Schedule)

Detail	Description
IPO Open Date	Tuesday, July 30, 2024
IPO Close Date	Thursday, August 1, 2024
Basis of Allotment	Friday, August 2, 2024
Initiation of Refunds	Monday, August 5, 2024
Credit of Shares to Demat	Monday, August 5, 2024
Listing Date	Tuesday, August 6, 2024
Cut-off time for UPI mandate confirmation	5 PM on August 1, 2024

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 Apparel IPO Reservation

Investor Category	Shares Offered
Retail Shares Offered	50% of the Net issue
Other Shares Offered	50% of the Net issue

Kizi Apparels IPO Promoter Holding

Share Holding Pre Issue	85.36%
Share Holding Post Issue	56.35%

Company & Financials

Incorporated in March 2023, Kizi Apparels Limited is involved in the production and trading of ready-to-wear clothing through its showrooms, distributors, malls, and online platforms. The company has launched an e-commerce platform offering premium ethnic and Western women's apparel under the brand names ANUTTARA and KIZI, respectively. The company caters to all over India through its online platform. The product portfolio of the company comprises kurta sets, kurtas, churidar, Co-ord Sets, Semi-formal Blazers, Shirts, Blouses, Tops/ Tunics, Dresses, Palazzo, skirts and dupattas. In the year 2021, they became one regular manufacturer of Reliance Retail. They have executed an Agreement and Non-Disclosure Agreement (NDA) with Reliance Retails Limited, Mumbai, on May 30, 2023, for three years. In 2021, they launched their women’s western wear brand by the name of “KIZI”. In the year 2022, they entered into a distribution and wholesale network with their brands and consequently, their sales increased three times. This has helped us to capture a sizable share of the market for their Brands.

Kizi Apparels Limited Financial Information

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	1,340.30	1,135.10	725.14
Revenue	2,027.37	1,549.50	539.17
Profit After Tax	72.21	54.97	20.64
Net Worth	587.49	394.86	336.95
Reserves and Surplus	71.37
Total Borrowing	514.61	310.96	242.73
Amount in ₹ Lakhs

Key Performance Indicator

KPI	Values
ROE	15%
ROCE	14%
Debt/Equity	0.88
RoNW	12.29%
P/BV	1.85

	Pre IPO	Post IPO
EPS (Rs)	1.4	0.92
P/E (x)	15.01	22.74

Objectives of Kizi Apparels IPO

The company proposes to utilize the Net Proceeds from the issue towards the following objectives:

● Repayment of unsecured Loans.
● Long-term Working capital requirement.
● General Corporate Purpose.
● Meeting Public Issue Expenses.

Kizi Apparels IPO Review

The company is engaged in ethnic garments and fashion wear. It has tied up with Reliance Retail for bulk supplies. It also has its own outlets and e-commerce marketing network. Based on FY24 earnings, the issue appears aggressively priced. Well-informed investors may park moderate funds for the medium term.

FAQs for Kizi Apparels IPO

What is the Kizi Apparel IPO?

Kizi Apparels IPO is an NSE SME IPO. They are going to raise ₹5.58 Crores via IPO. The issue is priced at ₹21 per equity share. The IPO is to be listed on BSE.
When will the Kizi Apparel IPO open?

The IPO will open on July 30, 2024, for QIB, NII, and Retail Investors.
What is Kizi Apparel IPO Investors Portion?

The investors’ portion for QIB is 0%, NII is 50%, and Retail is 50%.
What is Kizi Apparel's IPO Size?

Kizi Apparel's IPO size is ₹5.58 crores.
What is the Kizi Apparel IPO Price Band?

Kizi Apparel's IPO Price Band is ₹21 per equity share.
What is Kizi Apparel's IPO Minimum and Maximum Lot Size?

The IPO bid is 6000 shares with ₹126,000.
What is the Kizi Apparel IPO Allotment Date?

Kizi Apparel's IPO allotment date is August 2, 2024.
What is the Kizi Apparel IPO Listing Date?

Kizi Apparels IPO listing date is August 6, 2024—the IPO to list on BSE SME.