IPO Details

SS Retail Limited IPO

SS Retail Limited logo
Mainboard IPO
₹14,105

Minimum Investment

Exchange Listed · NSE / BSESEBI Regulated Issue

About Company

Company Name: SS Retail Limited

Industry / Sector: Retail / Mobile Phones & Electronics

Founded Year: June 2016

Promoters: Siddharth Gunvant Shah, Deepa Siddharth Shah, Harshal Kishor Parekh, Bhavini Harshal Parekh

SS Retail Ltd. is a multi-brand retail chain for mobile phones, accessories and other electronic items, with operations across Maharashtra, Karnataka, Madhya Pradesh, Goa and Gujarat. It primarily focuses on Tier II and Tier III and beyond cities and, as of March 31, 2026, 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' through a combination of company-owned and franchisee-operated store formats. Its product portfolio includes mobile phones, pre-owned smartphones, accessories, televisions, laptops and tablets, along with ancillary services such as mobile protection plans, EMI facilities, anti-theft software and mobile recharge services. As of July 31, 2026, its retail network had expanded to 536 stores covering approximately 2,60,597 sq. ft. The Company follows a scalable retail model comprising COCO, COFO and FOFO formats and uses local franchisee partnerships to expand its presence in regional markets. During Fiscal 2026, it acquired 51.04% shareholding in Olineo Nexus India Private Limited, adding 34 stores to its network. As of March 31, 2026, the Company was the largest mobile phone retail chain in West India and Maharashtra and the third largest in India among its peers. As of March 31, 2026, the Company had 689 permanent employees.

IPO Basic Details

Company NameSS Retail Limited
IPO TypeMainboard IPO
Price Band₹403 – ₹424
Lot Size35 Shares
Total Issue Size1,18,10,182 Equity Shares (₹500 Cr)

IPO Strengths & Risks

Strengths

  • Large and rapidly expanding retail store network
  • Scalable COCO, COFO and FOFO business models
  • Strong presence in Tier II and Tier III and beyond cities
  • Strong customer reach through local franchisee partnerships
  • Largest mobile phone retail chain in West India and Maharashtra
  • Experienced Promoter and management team with strong domain expertise
  • Wide product portfolio with focus on mobile phones, accessories and electronic items
  • Established brand presence through SS Mobile, Mobile Exchange Wala and The Mobile Space

Risks

  • Regional concentration in West India and Maharashtra
  • Dependence on key suppliers and brands
  • Intense competition from organized and unorganized retailers
  • Working capital intensive business model
  • Risks related to franchisee-operated store formats

IPO Important Dates

IPO Open Date16 Sep 2026
IPO Close Date18 Sep 2026
Basis of Allotment21 Sep 2026
Refund Initiation22 Sep 2026
Demat Credit Date22 Sep 2026
Listing Date23 Sep 2026
Anchor Investor Date-
UPI Mandate Deadline-

IPO Objectives

  • Capital expenditure for machinery and equipment – -
  • Funding working capital requirements – -
  • Debt repayment – -
  • General corporate purposes – Balance Amount

Investor Reservation

QIB QuotaNot more than 50% of the Net Offer
Retail QuotaNot less than 35% of the Net Issue
HNI Quota-
Employee Quota-
Shareholder Quota-
Anchor Investor Allocation-

Market Lot Details

ApplicationLot SizeSharesAmount
Retail Minimum1 Lot35₹14,840
Retail Maximum13 Lots455₹1,92,920
S-HNI Minimum14 Lots490₹2,07,760
S-HNI Maximum67 Lots2345₹9,94,280
B-HNI Minimum68 Lots2380₹10,09,120

Key Performance Indicators (KPI)

ROE30.60%
ROCE29.30%
RoNW-
PAT Margin2.52%
EBITDA Margin5.32%
EPS₹9.00 (Pre-IPO), ₹7.97 (Post-IPO)
NAV per share-
Debt to Equity0.70
P/E Ratio-
Industry P/E-

Company Financial Data

PeriodAssetsTotal IncomePATEBITDANet WorthBorrowings
FY2026₹575.42 Cr₹2,352.85 Cr₹59.28 Cr₹125.15 Cr₹225.71 Cr₹162.59 Cr
FY2025₹389.44 Cr₹1,599.96 Cr₹39.86 Cr₹80.44 Cr₹141.37 Cr₹125.36 Cr
FY2024₹278.25 Cr₹1,208.04 Cr₹26.65 Cr₹56.50 Cr₹101.51 Cr₹110.43 Cr

Grey Market Premium

GMP PriceNot Available
Kostak RateNot Available
Subject to SaudaNot Available
Last UpdatedNot Available
Estimated Listing PriceTBA

IPO Subscription Data

Total SubscriptionPending
QIB (Ex Anchor)Pending
HNI SubscriptionPending
Retail SubscriptionPending
Anchor-

IPO Intermediaries

Registrar: Kfin Technologies Ltd.

Registrar Website: https://ipostatus.kfintech.com/

IPO Lead Manager(s)

Anand Rathi Advisors Ltd., Emkay Global Financial Services Ltd.

Company Information

Address: 399, E, Basant Bahar Road, Ratikmal Complex, Shop 6-7, Kolhapur, Maharashtra - 416003

Website: https://www.ssmobile.com/

Email: compliance@ssmobile.com

Phone: +91 90961 91222

IPO Documents

Frequently Asked Questions (FAQ)

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