Kiaasa Retail Limited is a women’s ethnic wear brand offering contemporary and fusion apparel across India. The company designs, sources, and sells products through exclusive brand outlets (EBOs) and online platforms. It earns revenue primarily from retail sales of garments and accessories. As of September 30, 2025, the company operates 87 stores across 18 states and 1 union territory, catering to modern Indian women seeking affordable ethnic fashion.
The Company is led by Promoter, i.e.,MR. OM PRAKASH AND MR. AMIT CHAUHAN

The Revenues from operations for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 5,800.94 Lakh, ₹ 12,070.36 Lakh, ₹ 8,519.27 Lakh, and ₹ 5,017.58 Lakh, The EBITDA for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 1,225.86 Lakh, ₹ 1,549.38 Lakh, ₹ 1,000.55 Lakh, and ₹ 494.57 Lakh, The Profit after Tax for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 663.78 Lakh, ₹ 837.98 Lakh, ₹ 574.19 Lakh, and ₹ 246.18 Lakh, respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹ 7.47 and post-issue EPS of ₹ 4.60 for FY25. The pre-issue P/E ratio is 17.00x,while the post-issue P/E ratio is 27.63x against the Industry P/E ratio is 24.77x The company's ROE for FY25 is 42.36% and RoNW is 20.60%The Annualised EPS is ₹ 7.28x and P/E is ₹ 17.44x,  These metrics suggest that the IPO is Fully priced.

 
The Grey Market Premium (GMP) of Kiaasa Retail showing listing gains of 0%.Given the company's financial performance and the valuation of the IPO, we recommend  Investors to Avoid to the Kiaasa Retail Limited, IPO for Listing gain or Long Term Purposes.