Kizi Apparels IPO
Kizi Apparels Ltd
₹1,26,000 /6000 sharesMinimum Investment
Kizi Apparels IPO Details
Bidding Dates | Min. Investment | Lot Size | Price Range |
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30 Jul ‘24 - 1 Aug ‘24 | ₹1,26,000 | 6,000 | ₹21 - ₹21 |
Kizi Apparels is a manufacturer and trader of readymade garments. The company distributes its products through its own showrooms, distributors, malls, and an online platform. Kizi Apparels started off in FY20 by listing its products on multiple e-commerce platforms. Later, the company expanded its operations in collaboration with Reliance Retail, becoming one of its regular manufacturers.
In 2021, the company launched its own women's western wear brand named “Kizi” alongside “Anutarra,” an ethnic wear collection. Both brands are actively promoted. The company’s clients based in Jaipur purchase these garments in bulk to sell through local shops. Additionally, Kizi Apparels leverages its website to directly sell its full range of products.;
Managing director
Mr. Abhishek Nathani
Parent organisation
Kizi Apparels Ltd
Strengths & Financials of Kizi Apparels
Kizi Apparels has recorded consistent rise in revenue from operations and profit after tax (PAT) over the past few years. Revenue from operations increased from Rs 4.99 crore in FY22 to Rs 15.48 crore in FY23, and further to Rs 20.26 crore in FY24, while PAT moved up from Rs 0.21 crore in FY22 to Rs 0.55 crore in FY23 and Rs 0.72 crore in FY24.
Kizi Apparels has a vendor agreement with Fab India Limited, New Delhi. This agreement focuses on the job-work manufacturing of branded products under the ‘Fab India’ label, giving a further diversification touch to Kizi Apparels' business operations.
Kizi Apparels claims to have established cost-control measures through strategic partnerships with major suppliers of raw materials essential for the manufacture of their products. The company secures fabric from certified mills in Gujarat, Maharashtra, and Tamil Nadu, ensuring a reliable and high-quality supply chain.
Kizi Apparels commenced business activity in the final week of the financial year 2022-23. In view of its short history, investors may find it difficult to evaluate its future growth prospects.
Kizi Apparels has outstanding litigations. Any adverse judgments in any of these cases could hurt the company’s business operations.
The company's top 10 customers account for a lion’s share of its revenue from operations. In FY24, it accounted for 96.38% of revenue, while in FY23, it accounted for 95.13% of revenue, and in FY22, it was 81.86%. Any loss of or slowdown in business from any of these key customers could negatively impact Kizi Apparels' business.
As of March 31, 2024, the company had indebtedness of Rs 2.52 crore. Any inability to service or repay this amount could negatively impact Kizi Apparels' business operations.
Kizi Apparels Financials
*All values are in Rs. Cr
Application Details of Kizi Apparels IPO
Apply as | Price band | Apply Range |
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Regular | ₹21 - 21 | ₹2 - 5 Lakh |
High Networth Individual | ₹21 - 21 | ₹2 - 5 Lakh |
For Kizi Apparels IPO, eligible investors can apply as Regular.