Kiaasa Retail IPO, Feb. 23 -- The initial public offering (IPO) of Kiaasa Retail, an Indian fashion brand, kicked off for bidding on Monday, February 23. The SME IPO will be open till Wednesday, February 25.

Kiaasa Retail IPO price band has been fixed at Rs.121 to Rs.127 per share. The book-built offer is entirely a fresh issue of 0.55 crore shares worth Rs.69.72 crore at the upper end of the price band. Since there is no offer-for-sale (OFS) component, the proceeds will go entirely to the company.

Kiaasa plans to use the offer proceeds for opening up new stores and general corporate purposes. Investors can apply for the SME IPO in lots of 1000 shares. The minimum investment required by retail investors at the upper end of the price ban...