Kizi Apparels Limited IPO
Aaika Creations manufactures and trades readymade garments through showrooms, distributors, malls, and online platforms. Recognizing a market gap for premium quality products, the company has positioned itself to meet this demand with high-quality styling and workmanship.
Key Milestones
i. 2019: Collaboration with Arvind Lifestyle Brand Limited, marking a significant breakthrough.
ii. 2020: Partnership with Reliance Retail, leading to substantial business growth even during the COVID-19 pandemic.
iii. 2021: Launched the women’s ethnic wear brand “ANUTARRA” and became a regular manufacturer for Reliance Retail. Introduced the women’s western wear brand “KIZI.”
iv. 2022: Expanded into distribution and wholesale networks, tripling sales and capturing a sizable market share.
Cost Control and Supply Chain
Aaika Creations maintains effective cost control by partnering with major raw material suppliers. The company sources fabric from certified mills in Gujarat, Maharashtra, and Tamil Nadu, and procures trims and accessories directly from manufacturers.
Recent Developments
In 2023, Aaika Creations executed a product supply agreement with Absolute Brands and Retails Private Limited (ABRPS) for the supply of women’s western and ethnic wear, further expanding its retail and e-commerce presence.
With a strong focus on quality, cost control, and strategic partnerships, Aaika Creations continues to grow and innovate in the readymade garments industry.
Objects of the Kizi Apparels Limited IPO:
Kizi Apparels Limited IPO Details:
Open Date: | Jul 30 2024 |
Close Date: | Aug 01 2024 |
Total Shares: | 2,658,000 |
Face Value: | ₹ 10 Per Equity Share |
Issue Size: | 5.58 Cr. |
Lot Size: | 6000 Shares |
Issue Price: | ₹ 21 Per Equity Share |
Listing At: | BSE SME |
Listing Date: | Aug 06 2024 |
Promoters And Management:
Financials of Kizi Apparels Limited IPO:
Particulars ( In Lakhs ) |
2022 |
2023 |
2024 |
Revenue from Operations | 499 | 1,548 | 2,027 |
Other Income | 40 | 1 | 1 |
Total Revenue | 539 | 1,550 | 2,027 |
Cost of Material Consumed | 388 | 1,305 | 1,792 |
Changes in inventories | -68 | -302 | -145 |
Employees Benefit Expenses | 53 | 163 | 67 |
Other Expenses | 109 | 260 | 139 |
EBITDA | 58 | 124 | 175 |
OPM (%) | 10.71% | 8.02% | 8.65% |
Depreciation & Amortisation | 8 | 7 | 18 |
EBIT | 50 | 117 | 158 |
Finance Cost | 24 | 42 | 62 |
PBT | 26 | 76 | 95 |
Tax | 5 | 21 | 23 |
PAT | 21 | 55 | 72 |
NPM (%) | 3.83% | 3.55% | 3.56% |
No.of Shares | 78.19 | 78.19 | 78.19 |
EPS | 0.26 | 0.70 | 0.92 |
Comparison With Peers:
Name of the Company | Revenue (In Crore) | PAT (In Crore) | EPS ( in Rs) | P/E | CMP | Mcap (In Crore) |
Kizi Apparels Limited | 20 | 1 | 0.92 | 22.7 | 21 | 16 |
Thomas Scott (India) Limited | 91 | 10 | 10.23 | 28.8 | 270 | 289 |
Bizotic Commercial Limited | 71 | 3 | 3.83 | 12.8 | 49 | 39 |
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