August 6, 2024
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Kizi Apparels IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
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Kizi Apparels IPO listing Review
The scrip is listed at Rs. 23.15, premium of 10.24% over the issue price. The listing has been below the expectations of the grey market.
Kizi Apparels IPO allotment Link
What was the last grey market premium of Kizi Apparels IPO?
GMP Rs. 5
Subscription status of Kizi Apparels IPO
Kizi Apparels IPO (Closed)Price Rs. 59 Lot 2000 shares, Rs. 5.29 Crore |
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| QIB | NII X | RII X | Total X | Applications |
| 89.58 | 139.62 | 115.60 | 37,137 (88.42x) | |
| Amount wise bids recd. Rs.611.52 crore | ||||
| Strong subscription trend seen | ||||
What is the business of Kizi Apparels?
Kizi Apparels specializes in manufacturing and trading readymade garments through its own showrooms, distributors, malls, and online platform. As founders of the company, Mr. Abhishek Nathani and its team recognized the need to establish a Unique Selling Proposition (USP) to ensure sustained growth in the market. Through thorough market analysis, the company identified a significant gap in the demand and supply of premium quality products. Its meticulous attention to styling and craftsmanship aligned perfectly with the requirements of premium segments, leading it to forge partnerships with brands sharing similar product philosophies.
In 2019, its collaboration with one of India’s leading brands marked a pivotal milestone in its journey. Establishing a reputation with Arvind Lifestyle Brand Limited was a testament to our industry knowledge and dedication. This success catalyzed its expansion into new horizons, culminating in the launch of its own brand, “ANUTARRA,” specializing in women’s ethnic wear.
Despite global challenges posed by Covid-19 in 2020, its collaboration with Reliance Retail enabled it to achieve unprecedented growth. While many businesses struggled, its operations thrived, further solidifying its position in the market. Additionally, it recently entered into a strategic agreement with M/s. Fab India Limited to manufacture branded products under the “Fab India” label, further diversifying its portfolio and reinforcing our commitment to excellence.
These strategic alliances and expansions underscore its relentless pursuit of excellence and growth in the competitive apparel industry.
Get more information about the company @ https://kiziapparels.co.in/
Kizi Apparels IPO Details |
|
| IPO opens on | 30 July 2024 |
| IPO closes on | 01 August 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 2658000 Shares / Rs 5.58 Crore |
| * Fresh Issue | 2658000 Shares / Rs 5.58 Crore |
| * Offer for Sale – | |
| Market Maker Portion | 138000 Shares |
| Net offer to Public | 2520000 Shares/ Rs.5.29 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.21 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 6000 Shares |
| Listing will at | BSE SME |
Shares offered in IPO |
||
| Shares | Rs. (Crore) | |
| QIB (0%) | – | – |
| NII (50%) | 1260000 | 2.65 |
| RII (50%) | 1260000 | 2.64 |
| Total Shares | 2520000 | 5.29 |
| Retail portion will be oversubscribed by | 210 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 6000 Shares | Rs.126000 |
| Min HNI Application | 12000 Shares | Rs.252000 |
Who are the Promoters of Kizi Apparels IPO?
The promoters of the company are Abhishek Nathani and Kiran Nathani.
What are the Objects of Kizi Apparels IPO?
The Offer comprises of only fresh issue of shares.
The objectives of the Offer are to:
1.Repayment of unsecured Loans
2.Long-term Working capital requirement
3.General Corporate Purpose,
4.Meeting Public Issue Expenses.
Tentative timetable |
|
| IPO opens on | 30 July 2024 |
| IPO Closes on | 1 August 2024 |
| IPO Allotment on | 2 August 2024 |
| Refund Initiation | 5 August 2024 |
| Credit of Shares | 5 August 2024 |
| Listing on | 6 August 2024 |
| Registered Office of the Company Kizi Apparels Limited H-629, Phase- II, Sitapura Industrial Area, Sanganer, Jaipur, 302022 |
| Who is the Lead Manager of this IPO? Interactive Financial Services Ltd |
| Who is the Registrar to IPO? Bigshare Services Pvt Ltd |
Kizi Apparels IPO Financial & Analytical Ratios |
||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Crore | Rs. | % | |
| 2021-22 | 5.39 | 0.21 | 0.40 | 6.13 |
| 2022-2 | 15.50 | 0.55 | 1.07 | 13.92 |
| 2023-24 | 20.27 | 0.72 | 1.40 | 12.29 |
| Book Value of the Share on 31.03.2024 |
Rs 11.38 | |||
| BV of the Share at cap price |
after the IPO | Rs. 14.65 | ||
| Offer Price/upper band | Rs. 21 | |||
IPO
|
|
| Price/EPS of 23-24 | 15.00 |
| Price/BV Ratio | 1.84 |
| Price/BV after IPO | – |
How Kizi Apparels IPO compares with the Peers?
There is no listing company having such type of business.
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| Kizi Apparels | 10 | 20.27 | 15 |
| Thomas Scot | 10 | 62.82 | 25.54 |
| Bizotic Commercial | 10 | 65.57 | 12.11 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Kizi Apparels IPO Review
Kizi Apparels specializes in manufacturing and trading readymade garments through its own showrooms, distributors, malls, and online platform. As founders of the company, Mr. Abhishek Nathani and its team recognized the need to establish a Unique Selling Proposition (USP) to ensure sustained growth in the market.
Size: Net size of the IPO is Rs. 5.29 crore, which is very small, compared to other SME IPOs. The retail portion is Rs.2.64 Crore and NII portion is Rs. 2.65 Crore. Oversubscription is not an issue.
Financial Snapshot: Because of new tieups with leading brands, the company has shown steady and strong growth in its total income during last 3 years. The profit margins in this business is not very high. Yet the shares are offered at very attractive valuation and listing gains are expected.
+ from fundamental angle: Apply
+ from grey market angle: ?
Quicklinks
Kizi Apparels IPO GMP today allotment, review?
Kizi Apparels IPO GMP grey market premium
Kizi Apparels IPO FAQs
What is Kizi Apparels IPO?
This is a SME IPO of 2658000 equity shares of the face value of Rs. 10 aggregating up to Rs.5.58 Crores. The issue is priced at Rs.21 per share. The minimum order quantity is 6000 Shares.
When will Kizi Apparels IPO subscription open?
Kizi Apparels IPO opens on July 30, 2024, and closes on August 01, 2024.
What is the lot size of Kizi Apparels IPO?
Kizi Apparels IPO lot size is 6000 Shares, and the minimum amount required is Rs.126000
How to apply for Kizi Apparels IPO?
You can apply in Kizi Apparels IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Kizi Apparels IPO allotment?
The finalization of Basis of Allotment for Kizi Apparels IPO will be done on August 02, 2024, and the allotted shares will be credited to your demat account by August 05, 2024.
When is Kizi Apparels IPO listing date?
Kizi Apparels IPO listing date is August 06, 2024.
