SS Retail IPO Profile
SS Retail IPO is a book-built issue of ₹500 crore. The issue comprises a fresh issue of 85,08,298 shares aggregating up to ₹360 crore and an offer for sale of 33,01,884 shares aggregating up to ₹140 crore.
SS Retail IPO opens for subscription on 16 September 2026 and closes on 18 September 2026. The IPO is proposed to be listed on BSE and NSE, with a tentative listing date of 23 September 2026.
The SS Retail IPO price band is fixed at ₹403 to ₹424 per share. The lot size is 35 shares and the minimum retail investment is ₹14,840 at the upper price band.
SS Retail IPO Details
| IPO Date | 16 to 18 Sep, 2026 |
|---|---|
| Listing Date | 23 Sep, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹403 to ₹424 |
| Lot Size | 35 Shares |
| Minimum Investment | ₹14,840 |
| Sale Type | Fresh Capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Issue Size | ₹500 Crore |
| Fresh Issue | 85,08,298 Shares – Up to ₹360 Crore |
| Offer for Sale | 33,01,884 Shares – Up to ₹140 Crore |
| Listing At | BSE, NSE |
| Market Cap | ₹3,153.36 Crore |
| Employee Discount | ₹25 per share |
SS Retail IPO Timetable
| Event | Date |
|---|---|
| IPO Open | 16 Sep 2026 |
| IPO Close | 18 Sep 2026 |
| Allotment | 21 Sep 2026 |
| Refund | 22 Sep 2026 |
| Credit of Shares | 22 Sep 2026 |
| Listing | 23 Sep 2026 |
SS Retail IPO Lot Size
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 35 | ₹14,840 |
| Retail Maximum | 13 | 455 | ₹1,92,920 |
| S-HNI Minimum | 14 | 490 | ₹2,07,760 |
| S-HNI Maximum | 67 | 2,345 | ₹9,94,280 |
| B-HNI Minimum | 68 | 2,380 | ₹10,09,120 |
About SS Retail Ltd.
SS Retail Ltd. was incorporated in June 2016 and operates as a multi-brand retail chain for mobile phones, accessories and other electronic items.
The company operates across Maharashtra, Karnataka, Madhya Pradesh, Goa and Gujarat, with a primary focus on Tier II and Tier III and beyond cities.
As of 31 March 2026, SS Retail operated 503 stores across 215 cities, covering approximately 2,41,365 sq. ft.
The company operates under its proprietary brands SS Mobile, Mobile Exchange Wala and The Mobile Space. Its product portfolio includes mobile phones, pre-owned smartphones, accessories, televisions, laptops and tablets.
The company also provides ancillary services including mobile protection plans, EMI facilities, anti-theft software and mobile recharge services.
As of 31 July 2026, the retail network had expanded to 536 stores, covering approximately 2,60,597 sq. ft.
SS Retail follows COCO, COFO and FOFO retail models and uses local franchisee partnerships to expand its regional presence.
SS Retail IPO Strengths
The company has a large retail network and continues to expand its presence across multiple cities.
SS Retail operates through COCO, COFO and FOFO business models, providing flexibility for expansion.
The company has a strong presence in Tier II, Tier III and beyond cities, supported by local franchisee partnerships.
The company sells mobile phones, accessories, pre-owned smartphones, televisions, laptops and tablets.
SS Mobile, Mobile Exchange Wala and The Mobile Space provide an established brand presence in its target markets.
SS Retail IPO Financials
SS Retail Ltd.'s revenue increased by 47% and profit after tax increased by 49% between FY2025 and FY2026.
| Particulars (₹ Crore) | FY2026 | FY2025 | FY2024 |
|---|---|---|---|
| Assets | 575.42 | 389.44 | 278.25 |
| Total Income | 2,352.85 | 1,599.96 | 1,208.04 |
| Profit After Tax | 59.28 | 39.86 | 26.65 |
| EBITDA | 125.15 | 80.44 | 56.50 |
| Net Worth | 225.71 | 141.37 | 101.51 |
| Reserves & Surplus | 159.59 | 128.18 | 88.52 |
| Total Borrowing | 162.59 | 125.36 | 110.43 |
Note: Financial statements for 2026 are consolidated.
amount in crores.source : chittorgarh.com
SS Retail IPO Key Performance Indicators
| KPI | 31 Mar 2026 |
|---|---|
| ROE | 30.60% |
| ROCE | 29.30% |
| Debt / Equity | 0.70 |
| RoNW | 32.60% |
| PAT Margin | 2.52% |
| EBITDA Margin | 5.32% |
| NAV | ₹34.33 |
| Price to Book Value | 12.35 |
SS Retail IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS | ₹9.00 | ₹7.97 |
| P/E | 47.11x | 53.20x |
| Market Cap | ₹2,792.61 Cr | ₹3,153.36 Cr |
SS Retail IPO Objects of the Issue
| No. | Objects | Amount |
|---|---|---|
| 1 | Funding capital expenditure for fit-outs towards setting up new stores in FY2027 and FY2028 | ₹12.45 Cr |
| 2 | Part funding of incremental working capital requirements | ₹416.53 Cr |
| 3 | General Corporate Purposes | -- |
| Total | ₹428.99 Cr | |
SS Retail IPO Risks
The mobile phone and electronics retail market is highly competitive, which can impact margins and market share.
The company reported a PAT margin of 2.52% for FY2026, indicating relatively low net profit margins.
Total borrowing stood at ₹162.59 crore as of FY2026. Changes in interest costs and leverage can affect profitability.
Changes in consumer preferences, spending patterns and demand for mobile phones and electronics may affect business performance.
The post-IPO P/E valuation is 53.20x based on the available IPO valuation data. Investors should evaluate the valuation carefully.
SS Retail IPO Allotment Status
SS Retail IPO allotment is expected to be finalized on 21 September 2026.
Investors can check their allotment status using their PAN, application number or demat details through the applicable IPO registrar platform.
Check SS Retail IPO AllotmentSS Retail IPO FAQ
What is SS Retail IPO?
SS Retail IPO is a book-built issue of ₹500 crore comprising a fresh issue of ₹360 crore and an offer for sale of ₹140 crore.
When will SS Retail IPO open?
SS Retail IPO will open for subscription on 16 September 2026 and close on 18 September 2026.
What is SS Retail IPO price band?
The SS Retail IPO price band is ₹403 to ₹424 per share.
What is SS Retail IPO lot size?
The SS Retail IPO lot size is 35 shares.
What is the minimum investment in SS Retail IPO?
The minimum retail investment is ₹14,840 for one lot of 35 shares at the upper price band.
When is SS Retail IPO allotment date?
The SS Retail IPO allotment is expected to be finalized on 21 September 2026.
When will SS Retail IPO list?
SS Retail IPO is scheduled to list on BSE and NSE on 23 September 2026.
Who is the registrar of SS Retail IPO?
Kfin Technologies Ltd. is the registrar of the SS Retail IPO.
Who are the lead managers of SS Retail IPO?
Anand Rathi Advisors Ltd. and Emkay Global Financial Services Ltd. are the lead managers of the issue.
Where can I check SS Retail IPO allotment status?
You can check the SS Retail IPO allotment status through Kfin Technologies' IPO status platform after the allotment is finalized.
