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:
- The Indian pharmaceutical industry, valued at $50 billion, is projected to reach $65 billion by 2024 and $130 billion by 2030, demonstrating rapid growth.
- 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:
- To repay unsecured loans.
- To meet public issue expenses.
- For long-term working capital requirements.
- For general corporate purposes.
Peer Details
The companies considered by Kizi Apparels Limited as its peers include:
- Thomas Scott (India) Limited
- 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-
Commitment to delivering unmatched quality in every garment produced.
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Innovation drives evolution and adaptation in a rapidly changing industry.
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Honesty and transparency uphold the highest ethical standards.
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Empowering women through confidence-boosting, self-expressive apparel designs.
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Strong partnerships built on trust and mutual respect.
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Strategic brand-building efforts enhance market recognition and visibility.
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E-commerce expansion extended business reach from Rajasthan to Pan-India.
Risks
6-
Factual inaccuracies in RoC filings may result in financial penalties.
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Short operating history complicates future prospects assessment and planning.
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Outstanding litigations could impact financial stability and growth.
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Acquisition of Aaika Creations includes assumed liabilities and risks.
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Negative cash flows in recent years may affect financial health.
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Reliance on top customers (96.38%) risks revenue concentration issues.
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Kizi Apparels Limited IPO FAQs
Kizi Apparels Limited IPO is a fixed price IPO. The IPO will be open from July 30, 2024, to August 1, 2024.
The Basis of Allotment will happen on Friday, August 2, 2024.
The IPO subscription window will open on July 30, 2024.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 6,000 shares.
The listing date for Kizi Apparels is Tuesday, August 6, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approve the payment mandate.
You can submit only one application using your PAN card.