Kiaasa Retail IPO opens; grey market shows flat expectations

Kiaasa Retail has opened its Rs. 70 cr. SME IPO for subscription, with the issue closing on 25th February 2026. The price band has been fixed at Rs. 121–127 per share.

Current grey market activity indicates zero premium, suggesting expectations of a flat listing in the near term. The IPO is entirely a fresh issue of shares and the listing is scheduled on the BSE SME platform.

Market watchers believe subscription momentum in the final days will be key to improving sentiment.

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