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SS Retail Ltd

IPO Details · GMP · Subscription · Financials

✅ Listed NSE & BSE Mainboard Live Chart
Issue Price
₹424
Per Share
GMP
+₹144
+33.96% Grey Market
Est. Listing
₹568
Expected Price
Min. Application
₹29,680
2 lots × 35 shares
IPO Issue Details
Issue Price / Price Band₹424 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size35 Shares per Lot
Total Issue Size1,18,10,182 shares (agg. up to ₹501 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh capital cum OFS
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenWed, 16 Sep 2026
Subscription CloseFri, 18 Sep 2026
Anchor AllotmentTue, 15 Sep 2026
Basis of AllotmentMon, 21 Sep 2026
Initiation of RefundsTue, 22 Sep 2026
Credit of Shares to DematTue, 22 Sep 2026
Listing DateWed, 23 Sep 2026
UPI Mandate Deadline5:00 PM on 18 Sep 2026 (Day 3)
Application & Investment Details
Retail — Min (1 Lots)₹14,840 — 35 shares
Retail — Max (13 Lots)₹192,920 (13 Lots)
HNI — Min (3 Lots)₹44,520 — 105 shares
EPS (Pre-IPO)₹9.00
EPS (Post-IPO)₹7.97
P/E Ratio (Pre-IPO)47.11x
P/E Ratio (Post-IPO)53.2x
Pre-IPO Promoter Holding6,58,63,500 shares
Post-IPO Promoter Holding7,43,71,798 shares
Fresh Issue Shares85,08,298 shares (agg. up to ₹361 Cr)
Offer for Sale Shares33,01,884 shares of ₹10 (agg. up to ₹140 Cr)
About SS Retail Ltd

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 StrengthsLarge 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.

Objects of the Issue

SS Retail Ltd proposes to utilise the net proceeds from the Issue for the following objects:

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
Shareholding & Lock-in
Pre-IPO Promoter Holding 6,58,63,500 shares
Post-IPO Promoter Holding 7,43,71,798 shares
Lock-in Period (30%)Wed, Oct 21, 2026
Lock-in Period (50%)Sun, Dec 20, 2026
Check AllotmentCheck Status →
SS Retail Ltd — Live Price LIVE
₹424.00
INR · BSE
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Issue ₹424.00 GMP: +₹144 (+33.96%) Live Price
Quick Facts
GMP Signal🟢 Positive
StatusListed
Issue Price₹424
GMP+₹144
Est. Listing₹568
Lot Size35 shares
Min Amount₹29,680
Listing Date23 Sep 2026
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹424
Listing Date23 Sep 2026
Listing Price—
Listing Gain/Loss—%
52-Week High—
52-Week Low—
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
TOTAL 8,357,354 100.00% ₹354.35 Cr —
* Based on ₹424.00 (upper price band)
Lot Size & Investment Details
Lot Size
35
Shares
Issue Price
₹424.00
Per Share
Min Investment
₹14,840
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 35 ₹14,840
Retail (Max) 13 455 ₹192,920
sNII (Min) 14 490 ₹207,760
bNII (Min) 68 2,380 ₹1,009,120
Company Financials — Restated Consolidated (Amount in ₹ Crore)
Particulars31 Mar 202631 Mar 202531 Mar 2024
Revenue from Operations 2352.85 1599.96 1208.04
EBITDA 125.15 80.44 56.50
Profit After Tax (PAT) 59.28 39.86 26.65
Net Worth 225.71 141.37 101.51
Total Assets 575.42 389.44 278.25
Reserves & Surplus 159.59 128.18 88.52
Total Borrowings 162.59 125.36 110.43
Key Ratios & Valuation
Issue Price ₹424
Face Value ₹10 Per Share
P/BV 12.35
RoE 30.60
RoCE 29.30
RoNW 32.60
PAT Margin (%) 2.52
EBITDA Margin (%) 5.32
Debt / Equity 0.70
Company Details
Company
SS Retail Ltd
Exchange
NSE & BSE
IPO Type
Mainboard IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
399, E, Basant Bahar Road Ratikmal Complex Shop 6-7 Kolhapur, Maharashtra, 416003
Book Running Lead Managers
Anand Rathi Advisors Ltd
Book Running Lead Manager (BRLM)
Emkay Global Financial Services Ltd
Book Running Lead Manager (BRLM)