Kizi Apparels IPO Allotment Status Online

Kizi Apparels IPO Allotment Status Online: Kizi Apparels IPO is Open on 26 July, 2024 and Close on 30 July, 2024. Kizi Apparels IPO to Raise 2,658,000 shares (Approx ₹5.58 Cr) via IPO. The Fresh Issue of 2,658,000 shares (Approx ₹5.58 Cr). 

• The Retail Quota is 50%
• QIB is -%
• NII is 50%

Kizi Apparels IPO Basis of Allotment Status on 2 August 2024. Kizi Apparels IPO Refund Date is 5 August 2024 and Kizi Apparels IPO Credit to Demat on 5 August 2024.

Also Read: Kizi Apparels IPO Details, GMP Price, Date, Review

Kizi Apparels IPO Allotment Link Online

About –

Kizi Apparels was originally incorporated as “Kizi Apparels Private Limited” at Jaipur, Rajasthan as a Private limited company registered under the provisions of Companies Act, 2013 vide Certificate of Incorporation dated March 24, 2023.

M/s. Aaika Creations was started with a vision to bring a wave in the manufacturing industry in terms of meeting the end-to-end requirement of our customers enhancing the overall quality parameters. In Aaika Creations, he started off with some small & medium sized brands which could give him some consistent business and also, he can place himself in the market with bigger brands. His first year was with full of struggle as he was in the process of getting the knowledge and intricacy of the business& its loop holes, however, he focuses on the business potentiality.

In initial years of his business, he focused on building up a strong team and strengthening roots in the market, studying the scope and opportunities in the business. As founders of the Company our promoter knew that he will have to build up a USP (Unique Selling Products) for our Company in order to sustain and grow in right direction in the market.

According to his study and survey of the market he found that there is a huge gap in the demand and supply of premium quality products in the market. Our promoter explored further in this segment and found that our styling and workmanship matches the requirement of premium products and hence we started approaching brands who work on the similar line of
products.

In 2019, by collaborating with the one of the India’s leading brands, our promoter got his first step towards his mission and vision. We used to regularly supply to “Arvind Lifestyle Brand Limited. Because of his hard work and knowledge of the industry, we established our self in the market for the said brand in very short span. The collaboration with the leading brand was the key turning point for our promoter and his business journey started blooming within short period of time.

Due to our manufacturing unit, we could control the cost of the product and as result, we are able to provide the best quality product at a very affordable price in the market. This has created more demand for our products/brands in the market. In 2020 we collaborated with Reliance Retail & scaled up our business to a new height. When the most of the business in the whole world was severally affected due to Covid-19, our doors were opened for new businesses and we grew in terms of business volume. we became one regular manufactures of Reliance Retail.

We have executed an Agreement and Non-Disclosure Agreement (NDA) with Reliance Retails Limited, Mumbai, on May 30, 2023 for a term of three years. In 2021, we have launched our women western wear brand by the name of “KIZI”. After market study, we understood the business dynamics by now and hence, we decided to launch our western wear segment as
well, as it had a very consistent market.

This gave us a wider publicity in the market and created our brand image in the market. In the year 2022, we have entered into distribution and wholesale network with our brands
and consequently our sales increased to three times. This has helped us to captured the sizable share in the market for our Brands. We also provide facilities of job working for the renowned brands of India.

For effective cost control, we have tie ups with some of the major suppliers of raw materials required for our products. For fabric we have tie up with some of the certified mills from the state of origin of the fabric i.e. from Gujarat, Maharashtra and Tamil Nadu. Likewise, we procure our trims and accessories directly from the manufacturers, resulting our goods to be more cost effective.

We usually tend to buy our raw materials when it is at the lower side as the greige fabric pricing keeps fluctuating due to the variance in yarn prices. As per our growth strategy, we also connected with the leading wedding collection brand of India.

Our Products: –

Women are quite possessive with the kind of choices when it comes to their clothing & styling. Majorly, there are 2 different categories in which the women’s wear is divided, Ethnic & Western Wear. We as a Company understood the requirement & hence created two different brands with different categories to cater to the need of the women. We have two brands, ‘Anutarra” brand is for our ethnic women wear and “Kizi” is our western women wear. Women’s ethnic & western wear encompass two distinct yet equally significant realms of fashion, each reflecting cultural influences, personal styles and occasions.

1. Ethnic Wear
2. Western Wear
3. Products under developments