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S Retail IPO

IPO Details

IPO Date16 to 18 Sep, 2026
Listing DateWed, Sep 23, 2026
Face Value₹ 10 per share
Price Band₹403 to ₹424
Lot Size35 Shares
Sale TypeFresh capital cum OFS
Issue TypeBookbuilding IPO
Listing AtBSE, NSE
Employee Discount₹ 25.00
Total Issue Size1,18,10,182 shares (agg. up to ₹ 500 Cr)
Fresh Issue85,08,298 shares (agg. up to ₹ 360 Cr)
Offer for Sale33,01,884 shares of ₹ 10 (agg. up to ₹ 140 Cr)
Share Holding Pre Issue6,58,63,500 shares
Share Holding Post Issue7,43,71,798 shares

IPO Important Dates

IPO OpenWed, Sep 16, 2026
IPO CloseFri, Sep 18, 2026
AllotmentMon, Sep 21, 2026
RefundTue, Sep 22, 2026
Credit of SharesTue, Sep 22, 2026
ListingWed, Sep 23, 2026

IPO Lot Size

Retail (Min)135₹14,840
Retail (Max)13455₹1,92,920
S-HNI (Min)14490₹2,07,760
S-HNI (Max)672345₹9,94,280
B-HNI (Min)682380₹10,09,120

Financial Information

Assets575.42389.44278.25
Total Income2,352.851,599.961,208.04
Profit After Tax59.2839.8626.65
EBITDA125.1580.4456.50
NET Worth225.71141.37101.51
Reserves and Surplus159.59128.1888.52
Total Borrowing162.59125.36110.43

Key Performance Indicator

ROE30.60%
ROCE29.30%
Debt/Equity0.70
RoNW32.60%
PAT Margin2.52%
EBITDA Margin5.32%
NAV34.33
Price to Book Value12.35

Information about company

Incorporated June 2016, SS Retail Ltd. is a multi-brand retail chain for mobile phones, accessories and other electronic items, with operations across Maharashtra, Karnataka, Madhya Pradesh, Goa and Gujarat. It primarily focuses on Tier II and Tier III and beyond cities and, as of March 31, 2026, operated 503 stores across 215 cities, covering approximately 2,41,365 sq. ft.

The Company operates under its proprietary brands ‘SS Mobile’, ‘Mobile Exchange Wala’ and ‘The Mobile Space’ through a combination of company-owned and franchisee-operated store formats. Its product portfolio includes mobile phones, pre-owned smartphones, accessories, televisions, laptops and tablets, along with ancillary services such as mobile protection plans, EMI facilities, anti-theft software and mobile recharge services. As of July 31, 2026, its retail network had expanded to 536 stores covering approximately 2,60,597 sq. ft.

The Company follows a scalable retail model comprising COCO, COFO and FOFO formats and uses local franchisee partnerships to expand its presence in regional markets. During Fiscal 2026, it acquired 51.04% shareholding in Olineo Nexus India Private Limited, adding 34 stores to its network. As of March 31, 2026, the Company was the largest mobile phone retail chain in West India and Maharashtra and the third largest in India among its peers, according to the cited industry report.

As of March 31, 2026, the Company had 689 permanent employees, comprising personnel across management, accounts and audit, operations, sales, sales support, supply chain and HR and administration.

Competitive Strengths

Objectives of IPO

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
#: Issue Objects
1: Funding capital expenditure for Fit Outs towards setting up of new stores in Fiscal 2027 and Fiscal 2028
2: Part funding of the incremental working capital requirements of Company
3: General Corporate Purposes
: Total

Disclaimer

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Day Wise GMP

11-09-202642436 (8.49%)460
10-09-202642430 (7.08%)454
09-09-202600 (0%)0

IPO Reservation

QIBNot more than 50% of the Net Offer
RetailNot less than 35% of the Net Issue
NIINot less than 15% of the Net Offer