Kiaasa Retail Ltd - IPO

Kiaasa Retail Ltd IPO Details

Initial public issue of up to 54,90,000 equity shares of Rs. 10/- each (Equity Shares) of Kiaasa Retail Limited (Company or the Issuer) for cash at a price of Rs. 127 per equity share (Including a share Premium of Rs. 117 per Equity Share) (Issue Price), aggregating up to Rs. 69.72 crores comprising a fresh issue of up to 54,90,000 equity shares aggregating up to Rs. 69.72 crores by the company (Fresh Issue) of which 2,75,000 equity shares aggregating to Rs. 3.49 crores will be reserved for subscription by market maker to the issue (theMarket Maker Reservation Portion). The issue less the market maker reservation, i.e. net issue 52,15,000 equity shares of face value of Rs. 10/- each at price of Rs. 127 per equity share aggregating to Rs. 66.23 crores is hereinafter referred to as the Net Issue. The issue and net issue will constitute 30.12% and 28.61%, respectively of the post-issue paid-up equity share capital of the company. The face value of the equity shares is Rs. 10/- each. Price Band: Rs. 121 to Rs. 127 per equity share of face value of Rs. 10 each.The floor price 12.1 times of the face value and the cap price is 12.7 times of the face value.Bids can be made for a minimum of two lot and in multiples of 1,000 equity shares thereafter.

Objective of issue

Expenditure for opening new stores. General corporate purposes.

Kiaasa Retail Ltd Contact Details

Kiaasa Retail Ltd, 9 ShivShakti Indl Es, J R Boricha Marg, Lower Parel, Mumbai - 400 011

Phone - 022- 23016761 / 23018261

Fax - 91-22-23012517

Email - cs@kiaasaretail.com

Website - www.kiaasa.com