Kizi Apparels IPO Details, GMP Price, Date, Review

Kizi Apparels IPO details Today : Kizi Apparels IPO details Today is Open on 30 July 2024 and Close on 1 August 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). 

Our Company 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

Kizi Apparels IPO Date & Price Band Details

Kizi Apparels IPO Market Lot Details

Object of the Issue

1. Repayment of Unsecured Loans.
2. Long term Working capital requirement.
3. General Corporate Purpose.
4. Meeting Public Issue Expenses.

Kizi Apparels IPO Allotment & Listings (Details)

Kizi Apparels Financial Reports

Our Company Promoters

1. Abhishek Nathani

Qualitative Factors

• Quality: Our commitment to delivering unmatched quality is non-negotiable. We believe in crafting garments that stand the test of time, reflecting the essence of our brand.
• Innovation: We embrace innovation as a driving force, allowing us to evolve and adapt in a rapidly changing industry. Our dedication to staying ahead of the curve ensures that we bring fresh perspectives to fashion.
• Integrity: Honesty and transparency are at the heart of our interactions with partners, customers, and stakeholders. We maintain the highest ethical standards in all our dealings.
• Empowerment: Our purpose is to empower women through their clothing choices. We create apparel that boosts confidence and self-expression, encouraging women to embrace their uniqueness.
• Partnership: We believe in fostering win-win partnerships that create lasting value for all parties involved. Building strong relationships based on trust and mutual respect is fundamental to our success.

Kizi Apparels IPO Comparison Listed Industry Peers Group

Comparison of Accounting Ratios with Listed Peer Group Companies

• Kizi Apparels Limited
• Thomas Scott (India) Limited
• Bizotic Commercial Limited

Also Read: Ashapura Logistics IPO Details, GMP Price, Date, Review

Kizi Apparels Company Contact Details

KIZI APPARELS LIMITED
Registered Office: H-629, Phase- II, Sitapura Industrial Area,
Sanganer, Jaipur, 302022, Rajasthan, India.
Tel No: +91 99830 23939
Website: www.kiziapparels.co.in
E-mail: info@kiziapparels.com

Kizi Apparels Lead Manager

Interactive Financial Services Limited
Address: Office No. 508, Fifth Floor, Priviera, Nehru
Nagar, Ahmedabad – 380 015 Gujarat, India
Tel No.: +91 079- 4601 9796
Web Site: www.ifinservices.in
Email: mbd@ifinservices.in
Investor Grievance Email: info@ifinservices.in
Contact Person: Pradip Sandhir

Kizi Apparels IPO Registrar

Bigshare Services Private Limited
Address: Office No. S6-2, 6th Floor, Pinnacle Business
Park, Next to Ahura Center, Mahakali Caves Road,
Andheri East, Mumbai-400093
Tel No: +91 22-62638200
Website: www.bigshareonline.com
E-Mail: ipo@bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com
Contact Person: Asif Sayyed

Kizi Apparels FAQs-