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IPO ·
NSE, BSE
SS Retail Ltd
Listed
Multi-brand mobile phone and electronics retail chain with 500+ stores, mainly in Tier II and III towns.
Issue details
Price band
₹403 – ₹424
Face value
₹10
Lot size
35 shares
Minimum investment
₹14,840
Issue size
₹500 Cr
Fresh issue
₹360.16 Cr
Offer for sale
₹139.84 Cr
Issue type
Book Built
Exchange
NSE, BSE
Key dates
Opens
16 Sep 2026
Closes
18 Sep 2026
UPI mandate cut-off
5:00 PM on 18 Sep 2026
Allotment
21 Sep 2026
Refunds
22 Sep 2026
Shares in demat
22 Sep 2026
Listing
23 Sep 2026
Subscription and listing
Subscription
76.61x
Listing price
₹624
Registrar
KFin Technologies Ltd
Lead manager
Anand Rathi Advisors, Emkay Global Financial Services
Subscription by category
Total
76.61x
Total applications
40,26,414
Anchor investors
Amount raised
₹146.40 Cr
Bid date
15 Sep 2026
50% lock-in ends
20 Oct 2026
Rest lock-in ends
19 Dec 2026
Listing day
Issue price
₹424
Open
₹624.00
High
₹748.80
Low
₹603.05
Day close
₹748.80
Listing gain at open
+47.17%
Issue structure
Shares reserved per category and share of the total issue
QIB
57,54,715
48.73%
Anchor Investor
34,52,829
29.24%
QIB (Ex. Anchor)
23,01,886
19.49%
NII
17,26,415
14.62%
bNII > ₹10L
11,50,944
9.75%
sNII < ₹10L
5,75,471
4.87%
Retail
40,28,301
34.11%
Employee
3,00,751
2.55%
Total
1,18,10,182
100.00%
Finaccle’s quick read
Apply for long term
Income up 47% and PAT up 49% in FY26 with ROE of 30.60% and debt/equity of 0.70, but a post-issue P/E of 53.20 on a 2.52% PAT margin makes the valuation full.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
SS Retail runs a multi-brand chain of mobile phone and electronics stores, based in Kolhapur, Maharashtra, under names such as SS Mobile and Mobile Exchange Wala. It targets shoppers in Tier II and smaller cities across Maharashtra, Karnataka, Madhya Pradesh, Goa and Gujarat, using owned and franchise stores. It had 503 stores in 215 cities at March 2026 and total income of ₹2,352.85 Cr in FY26.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
30.60%
ROCE
29.30%
Debt / equity
0.70
PAT margin
2.52%
P/E post issue
53.20
Market cap
₹3,153.36 Cr
Use of IPO money
Capex for store fit-outs (FY27–FY28)
₹12.45 Cr
Part funding of incremental working capital
₹241.35 Cr
General corporate purposes
₹79.75 Cr
Issue expenses
₹36.69 Cr
Strengths
✓
Steady growth: income up 47% and PAT up 49% in FY26
✓
Large network of over 500 stores in smaller cities
✓
Mix of owned and franchise formats aids scaling
✓
ROE of 30.60% with moderate debt/equity of 0.70
Risks to watch
!
Thin PAT margin of 2.52% typical of phone retail
!
Post-issue P/E of 53.20 and P/B of 12.35 are full
!
OFS of ₹140 Cr is 28% of the issue
!
Most fresh proceeds go to working capital
!
Regional concentration in western India
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.