SS Retail IPO Details
IPO Overview
| Price Band | ₹403–₹424 |
|---|---|
| Lot Size | 35 shares |
| Min Investment | Min ₹14840 |
| GMP | ₹160 (37.74%) |
| Total Subscription | 0 times |
| Status | Allotment Out |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | 14840 |
| Retail (Max) | 13 | 455 | 192920 |
| S-HNI (Min) | 14 | 490 | 207760 |
| S-HNI (Max) | 67 | 2345 | 994280 |
| B-HNI (Min) | 68 | 2380 | 1009120 |
IPO Tentative Timetable
| IPO Open Date | Sep 16, 2026 |
|---|---|
| IPO Close Date | Sep 18, 2026 |
| Allotment Date | Sep 21, 2026 |
| Refund Initiation | Sep 22, 2026 |
| Listing Date | Sep 23, 2026 |
IPO Detail
| Face Value | ₹10 per share |
|---|---|
| Price Band | ₹403 to ₹424 |
| Lot Size | 35 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹25.00 |
| Total Issue Size | 1,18,10,182 shares (agg. up to ₹500 Cr) |
| Fresh Issue | 85,08,298 shares (agg. up to ₹360 Cr) |
| Offer for Sale | 33,01,884 shares of ₹10 (agg. up to ₹140 Cr) |
| Share Holding Pre Issue | 6,58,63,500 shares |
| Share Holding Post Issue | 7,43,71,798 shares |
Key Performance Indicators (KPI)
| K P I | Mar 31, 2026 |
|---|---|
| ROE | 30.60% |
| ROCE | 29.30% |
| Debt/Equity | 0.70 |
| RoNW | 32.60% |
| PAT Margin | 2.52% |
| EBITDA Margin | 5.32% |
| NAV | 34.33 |
| Price to Book Value | 12.35 |
Issue Reservation
| Investor Category | Shares |
|---|---|
| QIB | Not more than 50% of the Net Offer |
| Retail | Not less than 35% of the Net Issue |
| NII | Not less than 15% of the Net Offer |
Company Financials (In Crore)
| Period Ended | Assets | Total Income | Profit After Tax | E B I T D A | N E T Worth | Reserves And Surplus | Total Borrowing |
|---|---|---|---|---|---|---|---|
| 31 Mar 2026 | 575.42 | 2,352.85 | 59.28 | 125.15 | 225.71 | 159.59 | 162.59 |
| 31 Mar 2025 | 389.44 | 1,599.96 | 39.86 | 80.44 | 141.37 | 128.18 | 125.36 |
| 31 Mar 2024 | 278.25 | 1,208.04 | 26.65 | 56.50 | 101.51 | 88.52 | 110.43 |
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S. No. | Objects Of The Issue | Expected Amount (in Crores) |
|---|---|---|
| 1 | Funding capital expenditure for Fit Outs towards setting up of new stores in Fiscal 2027 and Fiscal 2028 | 12.45 |
| 2 | Part funding of the incremental working capital requirements of Company | 416.53 |
| 3 | General Corporate Purposes | |
| Total | 428.99 |
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
- Large and rapidly expanding retail store network.
- Scalable COCO, COFO and FOFO business models.
- Strong presence in Tier II and Tier III and beyond cities.
- Strong customer reach through local franchisee partnerships.
- Largest mobile phone retail chain in West India and Maharashtra.
- Experienced Promoter and management team with strong domain expertise.
- Wide product portfolio with focus on mobile phones, accessories and electronic items.
- Established brand presence through SS Mobile, Mobile Exchange Wala and The Mobile Space.
Promoters
- Siddharth Gunvant Shah, Deepa Siddharth Shah, Harshal Kishor Parekh and Bhavini Harshal Parekh.
Documents
Registrar
SS Retail IPO Details — Frequently Asked Questions
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