Kizi Apparels is launching an IPO valued at Rs 5.58 crores, with the entire amount raised through the issuance of 26.58 lakh fresh shares.
The subscription period for the Kizi Apparels IPO begins on July 30, 2024, and concludes on August 1, 2024. The allotment is scheduled to be finalized on Friday, August 2, 2024. Following this, the Kizi Apparels IPO is set to be listed on the BSE SME, with a tentative listing date of Tuesday, August 6, 2024.
Kizi Apparels Limited, incorporated in March 2023, swiftly established its presence in the women’s apparel market. They offer a range of clothing under their brands: ANUTARRA for ethnic wear and KIZI for Western wear.
Priced at ₹21 per share, the IPO requires a minimum application of 6000 shares. Retail investors will need to invest at least ₹126,000, while High Net Worth Individuals (HNIs) must invest in a minimum of 2 lots, totaling 12,000 shares, which amounts to ₹252,000.
Interactive Financial Services Ltd is the lead manager for the Kizi Apparels IPO, with Bigshare Services Pvt Ltd acting as the registrar. Beeline Broking is serving as the market maker for the IPO.
Kizi Apparels IPO Details:
| Company Name | Kizi Apparels Limited |
| Sector | Clothing |
| IPO Type | SME |
| IPO Open date | 30th July 2024 |
| IPO Close date | 01st Aug 2024 |
| OFS | |
| Listing Exchanges | BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Kizi Apparels IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 6000 | 1,26,000 |
| HNI (Min) | 2 | 12000 | 2,52,000 |
Kizi Apparels IPO Timeline:
| IPO Open Date | 30th July 2024 |
| IPO Close Date | 01st Aug 2024 |
| Basis of Allotment | 02nd Aug 2024 |
| Refund Initiation Date | 05th Aug 2024 |
| Shares Credit to Demat | 05th Aug 2024 |
| Listing Date | 06th Aug 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Kizi Apparels’ financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s clothing Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Kizi Apparels and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
