Kizi Apparels IPO
- Status: Closed
- ₹ 126,000 / 6000
shares
Minimum Investment
IPO Details
- Open Date
30 Jul 2024
- Close Date
01 Aug 2024
- IPO Price Range
₹ 21
- IPO Size
₹ 5.58 Cr
- Listing Exchange
TBA
- Listing Date
06 Aug 2024
IPO Timeline
Kizi Apparels IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 30-Jul-24 | - | 1.27 | 7.89 | 4.58 |
| 31-Jul-24 | - | 3.09 | 23.33 | 13.21 |
| 1-Aug-24 | - | 89.58 | 139.62 | 115.60 |
Last Updated: 1st August 2024, 5:33 PM by 5paisa
Kizi Apparels IPO is set to open on 30 July 2024 and will close on 1 August 2024. The company manufactures and trades ready-to-wear clothes, which is sold through their own showrooms, wholesalers, malls, and online platform.
The IPO includes a fresh issue of 26,58,000 shares aggregating up to ₹5.58 Cr. The price is ₹21 per share and the lot size is 6000 shares.
The allotment is scheduled to be finalized on 2 August 2024. It will go public on BSE SME, with a tentative listing date of 6 August 2024.
Interactive Financial Services Ltd is the book-running lead manager, while Bigshare Services Pvt Ltd is the registrar.
Kizi Apparels IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO size | 5.58 |
| Offer for sale | - |
| Fresh issue | 5.58 |
Kizi Apparels IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹126000 |
| Retail (Max) | 1 | 6000 | ₹126000 |
| S-HNI (Min) | 2 | 12000 | ₹252000 |
Kizi Apparels IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| NII (HNI) | 89.58 | 12,60,000 | 11,28,66,000 | 237.02 |
| Retail | 139.62 | 12,60,000 | 17,59,26,000 | 369.44 |
| Total | 115.60 | 25,20,000 | 29,13,12,000 | 611.76 |
1. Repayment of unsecured Loans
2. Long-term Working capital requirement
3. General Corporate Purpose
4. Meeting Public Issue Expenses
Kizi Apparels Limited, founded in March 2023, manufactures and trades ready-to-wear clothes, which is sold through their own showrooms, wholesalers, malls, and online platform.
The firm has created an e-commerce portal that sells quality ethnic and Western women's clothes under the brands ANUTARRA and KIZI.
Kizi Apparels sells kurti sets, kurtis, churidars, co-ord sets, semi-formal blazers, shirts, blouses, tops/tunics, dresses, palazzos, skirts, and dupattas online to consumers all across India.
As of June 30, 2024, the firm has 18 regular employees spread across several divisions, excluding the corporate directors.
Peers
● Thomas Scott (India) Limited
● Bizotic Commercial Limited
For More Imformation
Strengths
1.Kizi Apparels offers a wide range of products and this diverse portfolio caters to various customer preferences.
2. The company markets its products under two distinct brands, ANUTARRA for ethnic wear and KIZI for Western wear.
3. With a dedicated online platform, Kizi Apparels has the advantage of reaching customers across India.
The company utilizes a multi-channel approach.
Risks
1. The apparel industry is highly competitive, with numerous established brands and new entrants.
2. The company's performance is closely tied to the overall economic environment. Kizi Apparels relies on a robust supply chain for raw materials and finished goods.
3. The fashion industry is subject to rapidly changing trends.
4. With a small workforce, the company may be heavily reliant on key personnel for its operations.
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FAQs
Kizi Apparels IPO opens from 30th July to 1st August 2024.
The size of Kizi Apparels IPO is ₹5.58 Cr.
The price of Kizi Apparels IPO is fixed at ₹21 per share.
To apply for Kizi Apparels IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Kizi Apparels IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Kizi Apparels IPO is 6000 shares and the investment required is ₹1,26,000.
The share allotment date of Kizi Apparels IPO is 2nd August 2024
The Kizi Apparels IPO will be listed on 6th August 2024.
Interactive Financial Services Ltd is the book-running lead manager for Kizi Apparels IPO.
Kizi Apparels plans to utilize the raised capital from the IPO for:
1. Repayment of unsecured Loans
2. Long-term Working capital requirement
3. General Corporate Purpose,
4. Meeting Public Issue Expenses.
Contact Information
Kizi Apparels
Kizi Apparels Limited
H-629, Phase- II,
Sitapura Industrial Area,
Sanganer, Jaipur, 302022
Phone: +91 99830 23939
Email: info@kiziapparels.com
Website: https://kiziapparels.co.in/
Kizi Apparels IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Kizi Apparels IPO Lead Manager
Interactive Financial Services Ltd
