Marri Retail Limited

Marri Retail (NEW IPO): GMP, Price, Review, Detail, Profit

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Marri Retail Limited is a Hyderabad‑based multi‑brand apparel and jewellery retail company operating formats like The Chennai Shopping Mall, JC Mall, J.C. Brothers and Jeans Corner across South and West India. It combines fashion apparel with integrated jewellery offerings for family consumers.

Marri Retail Limited product mix spans premium, mid‑premium and value segments targeting family shoppers through diversified fashion and jewellery collections. It operates 34 retail stores across Telangana, Andhra Pradesh, Karnataka & Maharashtra totaling ~0.98 million sq ft of space under its brands. It’s diversified store network serves wide regional customer bases with apparel and jewellery offerings strategically positioned for shoppers in premium to value categories.

Marri Retail Limited was incorporated in 1999 & currently Mr. Marri Venkat Reddy serves as the Chairperson and Managing Director of the company.

Marri Retail Limited has filed its DRHP with SEBI for a proposed IPO of ₹ 522 Cr + 27,000,000 Equity Shares comprising a Fresh Issue worth ₹ 522 Cr and an Offer for Sale of 27,000,000 Equity Shares by existing shareholders.

Subscription date to apply for Marri Retail 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:₹ 522 Cr + 27,000,000 Equity Shares
Fresh Issue:₹ 522 Cr
Offer for Sale:27,000,000 Equity Shares
Price Range:TBA
Lot Size:TBA
GMPPending

Marri Retail Limited important data points

Revenue, PAT, EBITDA

YearFiscal 2024
Networth₹ 439.51 Cr
Revenue:₹ 2456.27 Cr
EBITDA₹ 235.57 Cr
PAT₹ 99.26 Cr
EBITDA Margin:~ 9.59%
PAT Margin~ 4.04%
Face Value:₹ 02

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
Capital Expenditure Requirement₹ 250.50 Cr
Lease/sub‑lease rentals₹ 35.84 Cr
Borrowing repayment₹ 115.60 Cr
Investment in subsidiaries₹ 00 Cr
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Marri Retail Limited Financial Data

202320242025
Revenue (₹ Cr)₹ 1900.8₹ 2217.1₹ 2456.3
PAT (₹ Cr)₹ 100.6₹ 114.5₹ 99.3
Asset (₹ Cr)₹ 934.9₹ 1079.2₹ 1631.6
Net Worth (₹ Cr)₹ 225.3₹ 340.5₹ 439.5

Marri Retail Ltd IPO Grey Market Premium

DateIPO PriceIPO GMPProfit per lot
30-Mar₹ –₹ –₹ –
29-Mar₹ –₹ –₹ –
28-Mar₹ –₹ –₹ –
27-Mar₹ –₹ –₹ –
26-Mar₹ –₹ –₹ –
Marri Retail Limited

Marri Retail Limited IPO Pros & Cons

Strengths:

  • Strong retail presence with 34 stores across four key South & West Indian states.
  • Dual apparel and jewellery model diversifies revenue streams and footfalls.
  • Solid revenue growth for the past 3 years with ₹2,456 Cr in FY25 sales.
  • Fresh funds will support expansion of new stores and scaling operations.
  • Organised retail gaining share in apparel and jewellery segments.

Risks:

  • Retail sector competition is intense from established chains nationwide.
  • Profit margins can fluctuate with fashion demand and inventory risks.
  • Expansion requires capital and may pressure cash flows if execution lags.
  • Heavy dependence on regional markets could limit national scale initially.
  • Industry shifts to online could impact store traffic without omnichannel strategy.

Marri Retail Limited Promoters – Pre offer equity (Approx)

Promoters%Shares
Amrut Family Trust~ 45 %
Marri Venkat Reddy~ 41.45 %
Marri Madhumathi~ 9.15 %
Venkata Krishna Pakalapati~ 4.40 %
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Marri Retail 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 Marri Retail Limited

Lead / Book Running Lead ManagersNuvama Wealth Management Limited,
IIFL Capital Services Limited,
Motilal Oswal Investment Advisors Limited
Registrar (RTA)KFin Technologies Limited

Marri Retail Limited FAQ

  • It is an apparel and jewellery retail company operating brands like The Chennai Shopping Mall, JC Mall, J.C. Brothers and Jeans Corner with stores in four states.

  • Marri Retail is raising funds via IPO to repay debt, open 10 new apparel and three jewellery stores, fund lease costs and support growth initiatives.

  • The issue size of the IPO comprises of ₹ 522 Cr as Fresh Issue + OFS ~2.70 Cr equity shares. It will be listed on BSE and NSE platform.

  • Key risks include intense competition, inventory risk, margin pressure and reliance on physical retail footfall.

  • Upsides include organized retail growth, diversified apparel, jewellery mix and planned store network expansion.

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

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