Rs 10.57 crore of IPO funds remain unutilized
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On the reaction day the stock moved 2.1 pts less than Nifty Microcap 250 and 1.7 pts less than its Garments & Apparels peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The statutory auditor certified that Kiaasa Retail's IPO proceeds totaled Rs 69.74 crore. Rs 46.46 crore was allocated for new stores, Rs 10 crore for acquisitions and general purposes, and Rs 13.28 crore for issue expenses. No funds were used in the September 2026 quarter, leaving Rs 10.57 crore for new stores.
No IPO funds were deployed this quarter; Rs 10.57 crore remains available for store expansion, with no immediate earnings impact disclosed.