Kizi Apparels IPO Review

KIZI Apparels is a haven for the modern and empowered woman seeking the epitome of stylish and diverse fashion! Kizi is engaged in manufacturing and trading of readymade garments through their own Showrooms, distributors and malls and online platform.

The Company is led by their Promoter & Managing Director, Mr. Abhishek Nathani, who is in the field of garment designing, manufacturing and trading for last 6 year.

Financially, Kizi Apparels revenue increased from ₹539.17 Lakhs in FY22 to ₹1,549.50 Lakhs in FY23 and currently at ₹2,027.37 Lakhs in FY24. EBITDA is stable from ₹440.82 Lakhs in FY22 to ₹468.11 Lakhs in FY23 and currently decreased at ₹161.34 Lakhs in FY24. The PAT increased from ₹20.64 Lakhs in FY22 to ₹54.97 Lakhs in FY23 and currently at ₹72.21 Lakhs in FY24. This indicates a steady financial performance.

For the Kizi Apparels IPO, the company is issuing shares at a pre-issue EPS of ₹1.40 and a post-issue EPS of ₹0.92. The pre-issue P/E ratio is 15.00x, while the post-issue P/E ratio is 22.82x against the industry P/E ratio of 18.83x. The company's ROCE for FY24 is 0.14% and ROE for FY24 is 0.15%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Kizi Apparels indicates potential listing gains of 0%. Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid the Kizi Apparels IPO for Listing gain or long term investment purposes.