SS
SS Retail Limited IPO
Multi-Brand Retail Chain · Mobile Phones & Accessories · Electronic Items · West India
📋 Mainline IPO
Fresh + OFS
NSE, BSE
₹424
Upper Price
₹500.75 Cr
Issue Size
Sep 23, 2026
Listing Date
₹2,793.00 Cr
Market Cap (Pre)
📅 IPO Timetable
All dates tentative🟢
IPO Opens
Wednesday, 16 September 2026
Bidding starts — apply before close
🔒
IPO Closes
Friday, 18 September 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Monday, 21 September 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Tuesday, 22 September 2026
Unallotted funds returned; shares credited to demat
🏷️
Wednesday, 23 September 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date16 September 2026 (Wed)
IPO Close Date18 September 2026 (Fri)
Listing Date23 September 2026 (Wed)
Face Value₹10 per share
Price Band₹403 to ₹424
Issue Price (Upper Band)₹424 per share
Issue TypeBook Build — Fresh + OFS
Lot Size35 shares
Total Issue Size1,18,10,182 shares (₹500.75 Cr)
Fresh Issue85,08,298 shares (₹360.75 Cr)
Offer for Sale (OFS)33,01,884 shares (₹140.00 Cr)
Employee Discount₹25.00 per share
Pre-Issue Shares6,58,63,500
Post-Issue Shares7,43,71,798
Market Cap (Pre-IPO)₹2,793.00 Cr
Listing ExchangeNSE, BSE
Lead ManagerAnand Rathi Advisors, Emkay Global
RegistrarKfin Technologies Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹424| Investor Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail — Minimum | 1 | 35 | ₹14,840 |
| Retail — Maximum | 13 | 455 | ₹1,92,920 |
| S-HNI (sNII) — Min | 14 | 490 | ₹2,07,760 |
| S-HNI (sNII) — Max | 67 | 2,345 | ₹9,94,280 |
| B-HNI (bNII) — Min | 68 | 2,380 | ₹10,09,120 |
⚠️ Note: Investors can bid for a minimum of 35 shares and in multiples thereof. Retail individual investors can apply up to ₹2,00,000. An employee discount of ₹25.00 per share is applicable for eligible employees.
👥 Investor Reservation
Allocated portion of Net OfferNot more than 50%
QIB Portion
Not less than 35%
Retail Portion
Not less than 15%
NII Portion
📊 Subscription Status
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📈 Company Financials
Restated Consolidated · ₹ Crore| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Assets | 575.42 | 389.44 | 278.25 |
| Total Income | 2,352.85 | 1,599.96 | 1,208.04 |
| PAT | 59.28 | 39.86 | 26.65 |
| EBITDA | 125.15 | 80.44 | 56.50 |
| Net Worth | 225.71 | 141.37 | 101.51 |
| Reserves & Surplus | 159.59 | 128.18 | 88.52 |
| Total Borrowing | 162.59 | 125.36 | 110.43 |
Income Growth
FY 2023–24₹1,208.04 Cr
FY 2024–25₹1,599.96 Cr
FY 2025–26₹2,352.85 Cr
🎯 Key Performance Indicators
30.60%
ROE
FY 2025–26
0.70
Debt/Equity
FY 2025–26
29.30%
ROCE
FY 2025–26
2.52%
PAT Margin
FY 2025–26
5.32%
EBITDA Margin
FY 2025–26
32.60%
RoNW
FY 2025–26
12.35x
Price/Book
FY 2025–26
34.33
NAV
FY 2025–26
⚖️ Valuation & EPS
Pre-IPO EPS
₹9.00
FY26 earnings + pre-issue shares
P/E: 47.11xPost-IPO EPS
₹7.97
FY26 earnings + post-issue shares
P/E: 53.20xPrice to Book Value
12.35x
At upper price band ₹424
Market Cap (Pre-IPO)
₹2,793.00 Cr
At issue price ₹424
ℹ️
Pre-IPO EPS (₹9.00) based on pre-issue shares (6,58,63,500) and FY26 consolidated PAT (₹59.28 Cr). Post-IPO EPS (₹7.97) accounts for the dilution resulting from the issuance of 85,08,298 fresh equity shares extending the total post-issue equity to 7,43,71,798 shares. Post-IPO Market Cap expands to ₹3,153.36 Cr at the upper issue price of ₹424.
🎯 Objects of the Issue
Net proceeds utilisation1
Funding capital expenditure for Fit Outs towards setting up of new stores in Fiscal 2027 and Fiscal 2028
₹12.45 Cr
2
Part funding of the incremental working capital requirements of Company
₹416.53 Cr
3
General Corporate Purposes
Balance
Total Fresh Issue Goal
₹360.75 Cr
🏢 About SS Retail Ltd.
Est. 2016 · Kolhapur, Maharashtra · Multi-Brand Mobile & Electronics RetailSS Retail Limited, incorporated in June 2016, is a prominent multi-brand retail chain specializing in mobile phones, accessories, and consumer electronics. Strategically focused on penetrating Tier II, Tier III, and emerging regional cities, the company has rapidly scaled its physical presence across Maharashtra, Karnataka, Madhya Pradesh, Goa, and Gujarat.
Operating under its proprietary brand identities—’SS Mobile’, ‘Mobile Exchange Wala’, and ‘The Mobile Space’—the business curates an extensive product portfolio that includes smartphones, pre-owned devices, televisions, laptops, tablets, and value-added ancillary services such as mobile protection plans and EMI financing. The company executes a highly scalable expansion strategy utilizing Company Owned Company Operated (COCO), Company Owned Franchise Operated (COFO), and Franchise Owned Franchise Operated (FOFO) formats. Following the strategic 51.04% acquisition of Olineo Nexus India Private Limited, SS Retail’s network expanded to 536 stores encompassing 2,60,597 sq. ft. of retail space as of July 2026, officially establishing it as the largest mobile phone retail chain across West India and Maharashtra.
Brand Ecosystem
📱
SS Mobile & The Mobile Space
Proprietary multi-brand retail chains focusing on new smartphones, accessories, and electronics
🔄
Mobile Exchange Wala
Dedicated format capturing the pre-owned smartphone and upgrade exchange market segment
🏪
Olineo Nexus India
Strategic 51.04% acquisition augmenting network scale and consolidating regional market share
🛡️
Value-Added Services
Integrated ecosystem offering device protection plans, anti-theft software, and customized EMIs
Competitive Strengths
🏆Recognized as the largest mobile phone retail chain spanning West India and Maharashtra
🏗️Highly scalable operational matrix executing COCO, COFO, and FOFO franchisee-led formats
📍Targeted and rapid expansion into underpenetrated Tier II, Tier III, and regional suburban markets
📈Robust financial fundamentals generating 47% revenue scaling and a 30.60% Return on Equity in FY26
Company Promoters
SS
Siddharth Gunvant Shah & Deepa Siddharth Shah
Promoters, SS Retail Ltd.
HP
Harshal Kishor Parekh & Bhavini Harshal Parekh
Promoters, SS Retail Ltd.
📅 Key Dates
IPO Opens16 Sep 2026
IPO Closes18 Sep 2026
Allotment21 Sep 2026
Refund & Share Credit22 Sep 2026
Listing Day23 Sep 2026
💡 Quick Summary
Price Band₹403 – ₹424
Upper Price₹424 / share
Lot Size35 shares
Min. Investment (Retail)₹14,840
Issue Size₹500.75 Cr
ListingBSE, NSE
🏦 Registrar & Lead Manager
Lead Manager
Anand Rathi Advisors, Emkay Global
📍 Registered Address
SS Retail Ltd.
399, E, Basant Bahar Road, Ratikmal Complex,
Shop 6-7, Kolhapur,
Maharashtra — 416003
📞 +91 90961 91222
[email protected]
399, E, Basant Bahar Road, Ratikmal Complex,
Shop 6-7, Kolhapur,
Maharashtra — 416003
📞 +91 90961 91222
[email protected]
🛡️ Regulatory Note: Mainline IPO investments are subject to SEBI regulations. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
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Disclaimer: This page presents publicly available information from the SS Retail IPO RHP for informational purposes only. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
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