RSB Retail India Limited

RSB Retail India (NEW IPO): GMP, Price, Review, Profit

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RSB Retail India Limited is a multi-format apparel and lifestyle retailer operating a wide range of clothing and fashion outlets for men, women, and children. The company serves diverse income segments – premium, mid-premium and value – through several store formats including R.S. Brothers, South India Shopping Mall, Kanchipuram Narayani Silks, Dè Royal and Value Zone Hyper Mart, offering ethnic wear, casual wear and formal wear across South India.

It operates 73+ stores across 22 cities in South India, serving millions of customers and holding a leading multi-format apparel retail presence in states like Telangana and Andhra Pradesh.


RSB Retail India Limited was incorporated on 2008 & currently Mr. S Rajamouli serves as the Managing Director of the company.

RSB Retail India Limited has filed its Draft Red Herring Prospectus (DRHP) with SEBI to launch the proposed IPO of ₹ 500 Cr + 29,878,946 Equity Shares, comprising a Fresh Issue of up to ₹ 500 Cr and an Offer for Sale (OFS) of 29,878,946 Equity Shares.

Subscription date to apply for RSB Retail India Limited is yet to be announced. Price band for the IPO is yet to be declared.

Check DRHP
Check IPO Allotment
Visit Official Website
Issue Size:₹ 500 Cr + 29,878,946 Equity Shares
Fresh Issue:₹ 500 Cr
Offer for Sale:29,878,946 Equity Shares
Price Range:TBA
Lot Size:TBA
GMPPending

RSB Retail India Limited important data points

Revenue, PAT, EBITDA

YearFiscal 2025
Networth₹ 456.89 Cr
Revenue:₹ 2693.94Cr
EBITDA₹ 373.82 Cr
PAT₹ 104.42 Cr
EBITDA Margin:~13.88%
PAT Margin~3.84%
Face Value:₹ 2

IPO important dates

Open Date:TBA
Close Date:TBA
Anchor Investor BiddingTBA
Allotment Date:TBA
Refunds & Demat CreditTBA
Tentative Listing Date:TBA

Use of Proceeds

PurposeAmount
Purchase of Equipment/Machineries~ ₹ 00 Cr
Setting Up New Stores~ ₹118.18 Cr
Borrowing prepayment~ ₹ 275 Cr
General Corporate PurposeBalance

RSB Retail India Limited Financial Data

202320242025
Revenue (₹ Cr)₹ 2126.7₹ 2458.0₹ 2693.0
PAT (₹ Cr)₹ 67.8₹ 61.7₹ 104.4
Asset (₹ Cr)₹ 1206.8₹ 1537.7₹ 2023.3
Net Worth (₹ Cr)₹ 289.3₹ 351.7₹ 456.9

RSB Retail India Limited IPO Grey Market Premium

DateIPO PriceIPO GMPProfit per lot
21-Mar₹ –₹ –₹ –
20-Mar₹ –₹ –₹ –
19-Mar₹ –₹ –₹ –
18-Mar₹ –₹ –₹ –
17-Mar₹ –₹ –₹ –
RSB Retail India Limited

RSB Retail India Limited Pros & Cons

Strengths:

  • Strong regional brand presence in South India with multi-format retail strategy.
  • Diversified product mix (ethnic, casual, formal) catering to multiple income segments.
  • Expansion plans supported by IPO proceeds for setting up new store.
  • Established track record with decades of retail experience.
  • Growing organized apparel retail market in Tier-2 and Tier-3 cities.

Risks:

  • Heavy dependence on South Indian markets increases regional concentration risk.
  • Retail business has high inventory and working capital requirements.
  • Intense competition from national brands and e-commerce players.
  • Profit margins in apparel retail are sensitive to demand cycles and discounting.
  • Slight decline in profit margin in FY’24 compared to FY’23.

RSB Retail India Limited Promoters – Pre offer equity (Approx)

Promoters%Shares
Potti Venkateswarlu~ 9%
Seerna Rajamouli~ 9%
Potti Venkata Sai Abhinay~ 9%
Seerna Suresh~ 9%
Tiruveedhula Prasada Rao~ 8%
–

RSB Retail India Limited Lot Size details

Application TypeLot SizeNo. of LotNo. of SharesInvestment Amount
Retail (Min)–1–₹ –
Retail (Max)–13–₹ –
HNI (Min)–14–₹ –
HNI (Max)–66–₹ –
Big HNI (Min)–67–₹ –

Lead Managers / Registrars of RSB Retail India Limited

Lead / Book Running Lead ManagersMotilal Oswal Investment Advisors Ltd , HDFC Bank Ltd , IIFL Capital Services Ltd.
Registrar (RTA)KFin Technologies Ltd.

RSB Retail India Limited FAQ’s

  • It is a multi-format apparel and lifestyle retail company selling ethnic, casual and formal wear nationwide through formats like R.S. Brothers and South India Shopping Mall.

  • RSB Retail is raising funds via IPO to repay debt, fuel store expansion under key formats and strengthen its balance sheet for future growth.

  • The issue size of the IPO consists of a fresh issue worth ₹ 500 Cr + OFS ~2.98 Cr equity shares. It will be listed on BSE and NSE platform.

  • Key risks to invest in the IPO include regional revenue concentration, fashion demand shifts, competition, and supply disruptions.

  • Upsides include organized retail growth, diversified formats, strong brand recall and expansion into underserved cities.

  • Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock brokers once the IPO opens for subscription.

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