Kizi Apparels Limited is coming up with an IPO consisting of a fresh issue of 26,58,000 shares worth INR 5.58 crores. The company aims to repay unsecured loans, meet long-term working capital needs, and fund general corporate purposes.
Kizi Apparels IPO – Important Dates
| Kizi Apparels Limited IPO Date | July 30, 2024 to August 1, 2024 |
| Kizi Apparels Limited IPO Listing Date | August 6, 2024 |
| Kizi Apparels Limited IPO Price | INR 21 per share |
| Kizi Apparels Limited IPO Lot Size | 6000 shares |
| Kizi Apparels Limited IPO Total Issue Size | INR 5.58 crores |
| Kizi Apparels Limited IPO Basis of Allotment | August 2, 2024 |
| Kizi Apparels Limited IPO Initiation of Refunds | August 5, 2024 |
| Kizi Apparels Limited IPO Credit of Shares to Demat | August 5, 2024 |
| Kizi Apparels Limited IPO Issue Type | Fixed Price Issue IPO |
| Kizi Apparels Limited IPO Listing At | BSE SME |
Kizi Apparels Limited IPO – Company Profile
Kizi Apparels Limited, a dynamic garment manufacturer, produces premium ethnic and Western women’s wear, collaborates with leading brands like Reliance Retail, and offers products through major e-commerce platforms. It emphasizes quality and affordability.
Operating across five sectors, the company produces custom garments for B2B white label and own-brand clients, performs job work, adds value to semi-finished goods, and sells women’s apparel directly to consumers via e-commerce.
Understanding women’s diverse clothing preferences, the company has created two brands: “Anutarra” for ethnic wear and “Kizi” for western wear. Each reflects unique cultural influences, personal styles, and occasions.
Kizi Apparels Ltd IPO Fundamental Analysis
Kizi Apparels Limited Technologies’ financial analysis reveals a mixed performance. Revenue grew significantly, with improved profitability and EPS. However, increasing debt-equity and declining current ratios signal potential liquidity challenges and reliance on debt financing.
- Revenue Trend: The revenue decreased from ₹498.92 lakhs in March 2022 to ₹1,548.05 lakhs in March 2023. The revenue for the current year’s 12-month period ending March 2024 is INR 1,548.05 lakhs.
- Equity and Liabilities: Both equity and liability has shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has increased, indicating risen reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly increased from ₹20.64 lakhs in March 2022 to ₹72.21 lakhs by March 2024. This improvement in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): The diluted EPS has risen from ₹0.40 in March 2022 to ₹1.40 by March 2024, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has risen from 6.13% to 12.29%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has decreased, indicating weakening liquidity and potential challenges in meeting short-term obligations.
Kizi Apparels IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 March 2024 |
| Revenue (₹ in lakhs) | 498.92 | 1,548.05 | 2,026.51 |
| Equity (₹ in lakhs) | 336.95 | 394.86 | 587.49 |
| Expenses (₹ in lakhs) | 513.07 | 1,473.92 | 1,932.19 |
| Profit and Loss After Tax (₹ in lakhs) | 20.64 | 54.97 | 72.21 |
| Diluted EPS only (₹) | 0.40 | 1.07 | 1.40 |
| Return on Net Worth (%) | 6.13 | 13.92 | 12.29 |
| NAV per Equity Share (₹) | 6.53 | 7.65 | 11.38 |
| Total Assets (in lakhs) | 725.14 | 1,135.10 | 1,340.30 |
| Total Liabilities (in lakhs) | 388.19 | 740.24 | 752.81 |
| Debt Equity Ratio | 0.72 | 0.79 | 0.88 |
| Current Ratio (in times) | 1.61 | 1.64 | 2.21 |
Kizi Apparels Limited IPO Peer Comparison
Kizi Apparels Limited, Thomas Scott (India) Limited, and Bizotic Commercial Limited display diverse financial metrics and market positions, with significant differences in revenue and profitability. Nandani needs more available data for comparison.
| Company | Total Income (₹ in lakhs) | Face Value per Equity Share (₹) | P/E Ratio | EPS (₹) | RoNW (%) | NAV per Equity Share (₹ in lakhs) |
| Kizi Apparels Limited | 470.21 | 10 | 15.63 | 0.40 | 3.84 | 10.40 |
| Thomas Scott (India) Limited | 6,281.58 | 10 | 25.54 | 5.22 | 20.15 | 22.56 |
| Bizotic Commercial Limited | 6,556.65 | 10 | 12.11 | 4.92 | 31.86 | 15.00 |
Kizi Apparels Ltd IPO Objective
The main objective of Kizi Apparels Limited is to manage the repayment of unsecured loans and address long-term working capital requirements to ensure sustained financial stability and operational efficiency.
- Repayment of Unsecured Loan: The company intends to utilize INR 0.29 crores from the net proceeds to repay NBFC loans, reducing high-interest costs and improving profitability. This repayment will enhance the cash flow available for working capital needs.
- Long-term working capital requirements: The company plans to utilize INR 3.48 crores for its estimated working capital requirement in FY 2024-25, drawing from capital, internal accruals, unsecured loans, and bank working capital loans to support continued growth.
- General Corporate Purposes: The company will deploy the balance of INR 1.20 crores towards general corporate purposes, including working capital, capital expenditures, acquiring premises, and other approved uses.
Kizi Apparels IPO Risks And Challenges
Kizi Apparels Limited’s risk includes potential relocation due to lease non-renewal, limited operating history complicating future forecasts, and reliance on key customers and suppliers. Disruptions could potentially impact revenues, profitability, and operations.
- Given the leased premises in Jaipur with a five-year term starting May 2023, any potential non-renewal or termination could force relocation, affecting production, business continuity, and profitability and potentially damaging the brand image.
- Incorporated in March 2023 and converted to a public company in August 2023, their limited operating history complicates forecasting future performance. Expanding operations could strain resources, potentially affecting growth, brand image, and financial performance.
- The company relies heavily on its top ten customers and suppliers, accounting for significant percentages of revenue and purchases. Loss or disruption from these key relationships may materially impact revenues, profitability, and operations.
Kizi Apparels Ltd IPO – Industry & Market Potential
The Indian Textile and Apparel Industry, valued over US$ 100 billion, is projected to expand to US$ 250 billion by FY25. This growth will be driven by advancements in manufacturing technology and increased investments in sustainability.
Textile and apparel exports from India peaked at US$ 44.4 billion in FY22, reflecting a 41% increase from FY21. The US, EU, and Bangladesh are significant markets, with the US receiving 27% of exports.
Projected to reach US$ 190 billion by 2025-26, India’s textile and apparel sector is growing at a 10% CAGR, driven by robust domestic demand and efforts to boost export capabilities and global market presence.
Kizi Apparels Limited IPO – Type of Offer
Kizi Apparels Limited is coming up with an IPO consisting of a fresh issue of 26,58,000 shares worth INR 5.58 crores. The company aims to repay unsecured loans, meet long-term working capital needs, and fund general corporate purposes.
Kizi Apparels IPO Offer Size
The offer size of Kizi Apparels Limited is INR 5.58 crores, consisting of a fresh issue of 26,58,000 shares. The company seeks funds to repay unsecured loans, meet long-term working capital needs, and fund general corporate purposes.
Kizi Apparels Limited IPO Allotment Structure
Kizi Apparels Limited’s IPO allotment structure includes a category for Retail Individual Investors (RII) with investments below ₹2 lakhs, a category for other investors exceeding ₹2 lakhs, and a reservation of 138,000 shares for Market Makers.
- Retail Individual Investors (RII): These individual investors apply for shares with a total value of less than Rs.2 lakhs.
- Other than retail individual investors: Such applications where the value exceeds INR 2 lakhs.
- Market Makers Reservation: A certain percentage or number of shares is reserved for market makers. The company has set aside 138,000 shares for this purpose.
How to apply for a Kizi Apparels Limited IPO?
To apply for the Kizi Apparels Limited IPO through Alice Blue, you would typically follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Kizi Apparels Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Kizi Apparels Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Kizi Apparels Limited’s IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Kizi Apparels Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Kizi Apparels Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended that you contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Kizi Apparels Limited IPO:
● Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Kizi Apparels Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● BSE SME: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Kizi Apparels Limited Ltd IPO Offer Registrar
The registrar for the Kizi Apparels Limited IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor,
Pinnacle Business Park, Next to Ahura Centre,
Mahakali Caves Road, Andheri (East),
Mumbai – 400093
Tel No: +91 22-62638200
E-Mail: [email protected]
Website: www.bigshareonline.com
Kizi Apparels Limited Limited IPO – FAQs
1. What is Kizi Apparels Limited’s allotment date?
The allotment date of the Kizi Apparels Limited IPO is August 2, 2024.
2. What is the price band of the Kizi Apparels Limited IPO?
The price band of the issue is INR 21 per share.
3. What is the size of the Kizi Apparels Limited IPO?
The offer size of Kizi Apparels Limited is INR 5.58 crores, consisting of a fresh issue of 26,58,000 shares. The company seeks funds to repay unsecured loans, meet long-term working capital needs, and fund general corporate purposes.
4. What is the listing date of the Kizi Apparels Limited IPO?
The listing date of Kizi Apparels Limited’s IPO is August 6, 2024.
