IPO Details

Bidding Dates

30 Jul '24 - 01 Aug '24

Minimum Investment

₹126,000 / 1 Lot (6,000 Shares)

Price Range

₹21

Maximum Investment

₹126,000 / 1 Lot (6,000 Shares)

Retail Discount

To be announced

Issue Size

₹5.58 Cr

Investor category and sub category

Retail Individual Investors  |   Non-Institutional Investors  |   Qualified Institutional Buyers (QIB)   |  

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Open Date

Jul 30, 2024

IPO Close Date

Aug 1, 2024

Basis of Allotment

Aug 2, 2024

Initiation of Refunds

Aug 5, 2024

Credit of Shares to Demat

Aug 5, 2024

Listing Date

Aug 6, 2024

Cut-off time for UPI mandate confirmation

Aug 1, 2024

About Kizi Apparels Limited

Kizi Apparels Limited, originally incorporated as Kizi Apparels Private Limited on March 24, 2023, began its journey as M/s. Aaika Creations. The company aims to revolutionise the manufacturing sector by enhancing the overall quality parameters to meet the end-to-end requirements of customers.

In 2019, Kizi Apparels began supplying to Arvind Lifestyle Brand Limited and launched their own women's ethnic wear brand, Anutaara, with products listed on various e-commerce platforms. Their in-house manufacturing capabilities allowed them to control costs and offer high-quality products at affordable prices.

In 2020, Kizi Apparels partnered with Reliance Retail, becoming a regular manufacturer. The following year, they introduced KIZI, a women's western wear brand. By 2022, they expanded into the wholesale and distribution network with their brands. The company collaborates with certified mills in Tamil Nadu, Maharashtra, and Gujarat for fabric sourcing.

Kizi Apparels operates across five key sectors: B2B (White Label) for custom-branded garments, B2B (Own Brand) for proprietary brand distribution, Job Work (Cut to Pack) for manufacturing with buyer-supplied fabric, value-added services for semi-finished goods, and Direct-to-Consumer (D2C) through their e-commerce platform. Their brands, Anutaara and KIZI, offer premium ethnic and western women's apparel, respectively.

Industry Outlook:

  1. The Indian pharmaceutical industry, valued at $50 billion, is projected to reach $65 billion by 2024 and $130 billion by 2030, demonstrating rapid growth.
  2. India supplies over 50% of Africa’s generics, 40% of the US's generic demand, and 25% of all medicines in the UK, underscoring its global pharmaceutical dominance.

Kizi Apparels Limited IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. To repay unsecured loans.
  2. To meet public issue expenses.
  3. For long-term working capital requirements.
  4. For general corporate purposes.

Peer Details

The companies considered by Kizi Apparels Limited as its peers include:

  1. Thomas Scott (India) Limited
  2. Bizotic Commercial Limited

How to Check the Allotment Status of the Kizi Apparels Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the individual order details page of the IPO that you had applied for.
  • Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email, and SMS.

Contact Details of Kizi Apparels Limited IPO

  • Registered office: H-629, Phase- II, Sitapura Industrial Area, Sanganer, Jaipur, 302022, Rajasthan, India
  • Phone: +91 99830 23939
  • E-mail: info@kiziapparels.com

IPO Financials

Particulars Year ending on March 31, 2024 Year ending on March 31, 2023 Year ending on March 31, 2022
Revenue From Operations (in ₹ lakh) 2,026.51 1,548.05 498.92
Profit After Tax (PAT) (in ₹ lakh) 72.21 54.97 20.64
Cash & Cash Equivalents (in ₹ lakh) 20.13 57.12 80.53
Net Worth (in ₹ lakh) 587.49 394.86 336.95
Debt to Equity Ratio(x) 0.88 0.79 0.72
Return on Equity (%) 0.15% 0.15% 0.06%
Return on Capital Employed (RoCE) (%) 0.14% 0.17% 0.09%
Earning Per Share (EPS)-in absolute ₹ 1.40 1.07 0.40

Know before investing

Strengths

7
  1. Commitment to delivering unmatched quality in every garment produced.

  2. Innovation drives evolution and adaptation in a rapidly changing industry.

  3. Honesty and transparency uphold the highest ethical standards.

  4. Empowering women through confidence-boosting, self-expressive apparel designs.

  5. Strong partnerships built on trust and mutual respect.

  6. Strategic brand-building efforts enhance market recognition and visibility.

  7. E-commerce expansion extended business reach from Rajasthan to Pan-India.

Risks

6
  1. Factual inaccuracies in RoC filings may result in financial penalties.

  2. Short operating history complicates future prospects assessment and planning.

  3. Outstanding litigations could impact financial stability and growth.

  4. Acquisition of Aaika Creations includes assumed liabilities and risks.

  5. Negative cash flows in recent years may affect financial health.

  6. Reliance on top customers (96.38%) risks revenue concentration issues.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

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Choose IPO section on Home Page

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Kizi Apparels Limited IPO FAQs

What is Kizi Apparels IPO?

Kizi Apparels Limited IPO is a fixed price IPO. The IPO will be open from July 30, 2024, to August 1, 2024.

When will Kizi Apparels IPO be allotted?

The Basis of Allotment will happen on Friday, August 2, 2024.

When will Kizi Apparels IPO open for subscription?

The IPO subscription window will open on July 30, 2024.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 6,000  shares.

When will Kizi Apparels list on exchanges?

The listing date for Kizi Apparels is Tuesday, August 6, 2024.

What would be the listing gains on the Kizi Apparels IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

I have finished the application process for the Kizi Apparels IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Kizi Apparels IPO?

You must complete the payment process by logging in to your UPI handle and approve the payment mandate.

Can I submit more than one application for the public issue of Kizi Apparels using one PAN?

You can submit only one application using your PAN card.