- Q1. What is the business of SS Retail Limited ?It is a fast-growing multi-brand mobile and electronics retail chain selling phones, accessories, pre-owned phones and gadgets across Tier II/III and urban markets in India.
- Q2. Why is the company raising funds via IPO?SS Retail is raising funds via IPO to expand its store footprint, strengthen working capital and support general corporate purposes for future growth.
- Q3. What is the size of the issue and where will it list?The issue size of the IPO is ₹500 crore (₹300 cr fresh + ₹200 cr OFS). It will be listed on BSE and NSE platform.
- Q4. What are the key risks to an investor?Key risks include fierce competition, margin pressure in retail, inventory costs, consumer demand volatility and geographic concentration.
- Q5. What are the potential upsides?Upsides include rapid store expansion, strong regional leadership, rising smartphone demand and multi-brand offerings driving higher customer reach.
- Q6. How to apply for the IPO?Investors can apply through ASBA via net banking or using UPI through registered stock brokers once the IPO opens for subscription.
Open
SS Retail Limited: New IPO, Details, Analysis, IPO Score
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IPO Score
0
*Score varies on actual price
SS Retail Limited is a multi-brand retail company engaged in selling mobile phones, accessories, and other electronic products across several Indian states, with a strategic focus on Tier-II and Tier-III cities.
SS Retail Limited was incorporated in 2016 & currently Mr. Siddharth Gunvant Shah serves as the Chairman & Managing Director (MD & CEO) of the company.
SS Retail Limited filed its DRHP with SEBI on December 27, 2025. The issue size of the IPO is ₹ 500 Crore which include a Fresh Issue of up to ₹ 360 Crore and an Offer-For-Sale (OFS) of up to ₹ 140 Crore.
It is a multi-brand retail chain selling mobile phones, accessories, pre-owned phones and consumer electronics through various store formats. It also operates the Mobile Space and Mobile Exchangewala formats to enhance reach in Tier II/III and emerging markets. The company operates 451 stores across India, making it the largest mobile phone retail chain in West India and the 4th largest in India among its peers and has strong presence across Maharashtra, Karnataka, Madhya Pradesh and Goa reflects deep customer reach in Tier II/III cities, driving rapid network expansion.
Subscription date to apply for SS Retail Limited starts on 16th Sep’26 & closes on 18th Sep’26. Price band for the IPO is ₹403 to ₹424 with a lot size of 35 Shares.
Revenue, PAT, EBITDA
Year |
2025 |
|---|---|
Networth
|
₹ 141.40
|
Revenue
|
₹ 1597.9 Cr
|
EBITDA
|
₹ 80.44Cr
|
PAT
|
₹ 39.86 Cr
|
EBITDA Margin
|
5.03%
|
PAT Margin
|
2.49%
|
Face Value
|
Rs.10 per Equity Share
|
IPO Important Dates
# |
Date |
|---|---|
Open Date
|
16-Sep'26
|
Close Date
|
18-Sep'26
|
Anchor Investor Bidding
|
15-Sep'26
|
Allotment Date
|
21-Sep'26
|
Refunds& Demat Credit
|
22-Sep'26
|
Tentative Listing Date
|
23-Sep'26
|
Use Of Proceeds
Purpose |
Amount |
|---|---|
Funding capital expenditure (setting up of new stores)
|
12.45 Crore
|
Funding incremental working capital requirements
|
202 Crore
|
-
|
-
|
-
|
-
|
-
|
-
|
General Corporate Purpose
|
Balance
|
Financial Data
# |
2023 |
2024 |
2025 |
|---|---|---|---|
Revenue (₹ Cr)
|
₹ 832.0
|
₹ 1,206.7
|
₹ 1,597.9
|
PAT (₹ Cr)
|
₹ 11.6
|
₹ 26.6
|
₹ 39.9
|
Asset (₹ Cr)
|
₹ 178.7
|
₹ 278.2
|
₹ 389.4
|
Net Worth (₹ Cr)
|
₹ 74.9
|
₹ 101.5
|
₹ 141.4
|
IPO Grey Market Premium
Date |
IPO Price |
IPO GMP |
Profit Per Lot |
|---|---|---|---|
19-Sep'26
|
₹ 403 - ₹ 424
|
₹ –
|
₹ –
|
18-Sep'26
|
₹ 403 - ₹ 424
|
₹ 137
|
₹ 4,795
|
17-Sep'26
|
₹ 403 - ₹ 424
|
₹ 80
|
₹ 2,800
|
16-Sep'26
|
₹ 403 - ₹ 424
|
₹ 120
|
₹ 4,480
|
15-Sep'26
|
₹ 403 - ₹ 424
|
₹ 140
|
₹ 4,900
|
Promoters – Pre offer equity (Approx)
Promoters |
% Shares |
|---|---|
Siddharth Gunvant Shah
|
51.03%
|
Deepa Siddharth Shah
|
13.27%
|
Harshal Kishor Parekh
|
8.44%
|
Bhavini Harshal Parekh
|
2.96%
|
-
|
-
|
-
|
-
|
Lot Size details
Application Type |
Lot Size |
No. of Lot |
No. of Shares |
Investment Amount |
|---|---|---|---|---|
Retail (Min)
|
35 Shares
|
1
|
35 Shares
|
₹ 14,105
|
Retail (Max)
|
35 Shares
|
13
|
455 Shares
|
₹ 1,92,920
|
HNI (Min)
|
35 Shares
|
14
|
490 Shares
|
₹ 1,97,470
|
HNI (Max)
|
35 Shares
|
66
|
2,310 Shares
|
₹ 9,79,440
|
Big HNI (Min)
|
35 Shares
|
67
|
2,345 Shares
|
₹ 9,45,035
|
Key Performance Index (KPI)
ROE |
30.94% |
|---|---|
ROCE
|
25.78%
|
RoNW
|
32.82%
|
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