Kizi Apparels Soars 10.2% in Market Debut, Opens at Rs 23!Kizi Apparels Soars 10.2% in Market Debut, Opens at Rs 23!

Kizi Apparels experienced a solid start in the stock market, debuting on August 6 at Rs 23 per share on the BSE SME platform. This represents a 10.2% increase over the initial IPO price of Rs 21, marking a strong opening performance.

The IPO shares saw strong demand, being subscribed 115 times. Retail investors led with 140x subscriptions, non-institutional investors followed with 89.58x while Qualified Institutional Buyers (QIBs) did not participate in the subscription.

Kizi Apparels Limited manufactures high-quality, affordable ethnic and Western women’s apparel, partnering with top brands and selling through e-commerce. They operate in five sectors, offering B2B and direct-to-consumer sales. The company has two brands, “Anutarra” for ethnic wear and “Kizi” for Western outfits, catering to diverse preferences and occasions.

Kizi Apparels aims to use IPO funds to repay unsecured loans, bolster long-term working capital, and cover general corporate needs, ensuring financial stability and supporting growth.