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SS Retail Ltd. IPO
IPO Timeline
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16 Sep 2026Bidding Starts
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18 Sep 2026Bidding Ends
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21 Sep 2026Allotment Finalization
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23 Sep 2026Listing
About SS Retail Ltd.
We are a multi-brand retail chain for mobile phones, accessories and other electronic items, with operations in 5 states i.e., Maharashtra, Karnataka, Madhya Pradesh, Goa, and Gujarat (commenced in Fiscal 2027). We deal in multiple product categories across different types of cities such as metro cities, mini metro cities, tier I cities, tier II cities and tier III and beyond cities. However, our focus has been on retailing mobile phones and accessories in tier II and tier III and beyond cities. As of March 31, 2026, we operated 503 stores in India, and 458 stores in Maharashtra, which as per the Knowledge Company Report, positioned us as the largest mobile phone retail chain in West India (i.e., Gujarat, Maharashtra, Goa, Madhya Pradesh, Dadra & Nagar Haveli and Daman & Diu) and in Maharashtra and the 3rd largest in India, amongst our peers.
SS Retail Ltd. IPO Reservation
| Investors Category | Shares Offered |
|---|---|
| Anchor Investors | 34,52,830 (29.28%) |
| Employee Reserved | 2,83,019 (2.4%) |
| Non Institutional Investors | 17,26,415 (14.64%) |
| Qualified Institutional Buyers (QIBs) | 23,01,887 (19.52%) |
| Retail Individual Investors (RIIs) | 40,28,302 (34.16%) |
SS Retail Ltd. Financial Information
| Year End | Revenue | PAT | Reserves & Surplus |
|---|---|---|---|
| 31 Mar 2026 | 2,336.49 Cr | 61.80 Cr | 154.32 Cr |
| 31 Mar 2025 | 1,599.96 Cr | 39.86 Cr | 143.18 Cr |
| 31 Mar 2024 | 1,208.04 Cr | 26.65 Cr | 88.52 Cr |
SS Retail Ltd. Background
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2018Acquired inventory of mobile phones, accessories and other electronic items (i.e., televisions, laptops and tablets), from the stores operated by S.S. Communication & Services (sole proprietorship firm of Siddharth Gunvant Shah)
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2019Expanded our operations from Maharashtra to Goa
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2023Started our ‘Mobile Exchange Wala’ brand.
Started our ‘The Mobile Space’ brand.
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2024Crossed total revenue from operations of ₹10,000.00 million.
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2025Opened 55 Stores in 55 Days.
Established our first store in Karnataka.
Established our first store in Madhya Pradesh.
Received “A2+” Short Term Rating and “A-/Stable” Long Term Rating from CRISIL.
Opened over 110 stores during the Fiscal, net of closures, bringing the total store count to 347 as of March 31, 2025.
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2026Change of the name of our Company from SS Retail Private Limited to SS Retail Limited pursuant to conversion of our Company into a public company.
Acquired “GIZMORE” brand pursuant to a brand acquisition agreement.
Crossed 500 stores under operations
Acquired 51.04% shareholding of Olineo and with effect from January 27, 2026, Olineo has become our Subsidiary.
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2027Established our first store in Gujarat.
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 our Company
3. General corporate purposes
1. Siddharth Gunvant Shah
2. Deepa Siddharth Shah
3. Harshal Kishor Parekh
4. Bhavini Harshal Parekh
Retail Market in India
India’s total retail market stood at INR 95,350 billion in FY2026 and is projected to reach INR 1,35,986 billion by FY2030, growing at a CAGR of 9.3% over the period. The retail landscape remains largely unorganized, with organized retail contributing INR 22,502
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FAQs
When does SS Retail Ltd. IPO opens and closes?
SS Retail Ltd. IPO opens from 16th September to 18th September 2026.What is the size of SS Retail Ltd. IPO?
The size of the SS Retail Ltd. IPO is ₹500.00 Cr.What is the price range of SS Retail Ltd. IPO?
The price range of SS Retail Ltd. IPO is at ₹403 to ₹424 per share.What is the minimum investment and lot size required for the SS Retail Ltd. IPO?
The minimum investment required is ₹14,840 and minimum lot size is 35 shares.When is SS Retail Ltd. IPO listing date?
The SS Retail Ltd. IPO will be listed on 23rd September 2026.What is the objective of SS Retail Ltd. IPO?
1. Funding capital expenditure for Fit Outs towards setting up of new stores in Fiscal 2027 and Fiscal 20282. Part funding of the incremental working capital requirements of our Company
3. General corporate purposes
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article
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