Kizi Apparels IPO Subscription Status

Kizi Apparels IPO - Day 3 Subscription at 115.60 Times

Kizi Apparels IPO closed on August 1st, 2024. Shares of Kizi Apparels will likely be listed on August 6 on the BSE SME platform. As of August 1st, 2024, Kizi Apparels IPO received bids for 29,13,12,000 shares, much more than the 25,20,000 shares available. This means that Kizi Apparels IPO was oversubscribed by 115.60 times by the end of day 3.

Here are the subscription details for Kizi Apparels IPO as of Day 3 (1 August 2024 at 5:40 PM):

Kizi Apparels IPO subscription was mainly driven by retail investors on day 3, followed by High NetWorth Individuals and Non-Institutional Investors (NIIs). Overall subscription figures do not include the IPO's anchor portion or market-making segment. 

QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Subscription Status of Kizi Apparels IPO for Days 1, 2, and 3

On day 1, Kizi Apparels IPO was subscribed 4.58 times. By day 2, the subscription status had risen to 13.21 times, and on day 3, it reached 115.60 times.

Here are the subscription details for Kizi Apparels IPO by category as of Day 3:

Data Source: BSE

Market Makers subscribed at 1 time, HNIs / NIIs portion subscribed 89.58 times, while Retail Investors subscribed 139.62 times. Overall, Kizi Apparels IPO was subscribed 115.60 times on Day 3.

Kizi Apparels IPO - Day 2 Subscription at 13.21 Times

Kizi Apparels IPO will close on August 1st, with the shares expected to be listed on the BSE SME platform on August 6th. By the end of July 31, 2024, the IPO had attracted bids for 3,32,88,000 shares, significantly surpassing the 25,20,000 shares available. This indicates that the Kizi Apparels IPO was oversubscribed by a factor of 13.21 times by the close of the second day.

Here are the subscription details for Kizi Apparels IPO as of Day 2 (31st July 2024 at 5:55 pm):

Kizi Apparels IPO subscription, retail investors were the primary contributors, followed by High worth individuals (HNIs/NIIs). It is common for Qualified Institutional Buyers (QIBs) and High Net-Worth Individuals (HNIs/NIIs) to boost their investments in the final hours before the closing day. The overall subscription numbers also reflect the market-making portion of the IPO. 

QIBs encompass large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are comprised of wealthy individual investors and smaller institutions. Below are the subscription details for the Kizi Apparels IPO by category as of Day 2:

Here are the subscription details for Kizi Apparels IPO by category as of Day 2:

Data Source: NSE

On the first day of the Kizi Apparels IPO,  the subscription rate was 4.58 times. High worth individuals (HNIs/NIIs) subscribed 1.27 times, and Retail Investors oversubscribed by 7.89 times. By the second day, the overall subscription surged to 13.21 times.

Kizi Apparels IPO Subscription Day 1 - Subscription at 4.58 Times

Kizi Apparels IPO is set to close on August 1, 2024, with shares expected to begin trading on the BSE SME platform on August 6, 2024. As of July 30, 2024, the IPO had received bids for 1,15,44,000 shares, significantly exceeding the 25,20,000 shares available. This indicates that the IPO was oversubscribed by a factor of 4.58 on the first day.

Here are the subscription details for Kizi Apparels IPO as of Day 1 (30th July 2024 at 6:25 pm):

Kizi Apparels IPO saw strong participation primarily from retail investors, with High Net Worth Individuals (HNIs/NIIs) also showing interest, but Qualified Institutional Buyers (QIBs) were not involved on the first day. It is common for QIBs and HNIs/NIIs to boost their subscriptions during the final hours of the last day of the offering. The overall subscription numbers do not account for the anchor investor segment or market-making activities.

QIBs include large institutional investors such as mutual funds and insurance companies, whereas HNIs/NIIs consist of affluent individual investors and smaller institutions.

Here are the subscription details for Kizi Apparels IPO by category as of Day 1:

Data Source: NSE

On day 1, Kizi Apparels IPO was subscribed 4.58 times. HNIs / NIIs portion subscribed at 1.27 times, while Retail Investors subscribed at 7.89 times. Overall, the IPO was subscribed 4.58 times.

About Kizi Apparels

Established in March 2023, Kizi Apparels Limited specializes in the manufacturing and trading of ready-to-wear clothing. The company operates through its showrooms, distributors, shopping malls, and an online platform.

Kizi Apparels has launched an e-commerce site that features premium ethnic and Western women's fashion under the brands ANUTARRA and KIZI.

The company provides nationwide coverage in India via its online platform.

Its product range includes kurti sets, kurtis, churidaars, co-ord sets, semi-formal blazers, shirts, blouses, tops/tunics, dresses, palazzos, skirts, and dupattas.

Highlights of the Kizi Apparels IPO:

Face Value: ₹10 per share.

Price: ₹21 per share.

Minimum Application Lot Size: 6000 shares.

Minimum Investment for Retail Investors: ₹126,000.

Minimum Investment for High Net-worth Investors (HNI): 2 lots (12,000 shares), ₹252,000.

Registrar: Bigshare Services Private Limited.