
Minimum Investment
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 Name | SS Retail Limited |
| IPO Type | Mainboard IPO |
| Price Band | ₹403 – ₹424 |
| Lot Size | 35 Shares |
| Total Issue Size | 1,18,10,182 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 Date | 16 Sep 2026 |
| IPO Close Date | 18 Sep 2026 |
| Basis of Allotment | 21 Sep 2026 |
| Refund Initiation | 22 Sep 2026 |
| Demat Credit Date | 22 Sep 2026 |
| Listing Date | 23 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 Quota | Not more than 50% of the Net Offer |
| Retail Quota | Not less than 35% of the Net Issue |
| HNI Quota | - |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 35 | ₹14,840 |
| Retail Maximum | 13 Lots | 455 | ₹1,92,920 |
| S-HNI Minimum | 14 Lots | 490 | ₹2,07,760 |
| S-HNI Maximum | 67 Lots | 2345 | ₹9,94,280 |
| B-HNI Minimum | 68 Lots | 2380 | ₹10,09,120 |
Key Performance Indicators (KPI)
| ROE | 30.60% |
| ROCE | 29.30% |
| RoNW | - |
| PAT Margin | 2.52% |
| EBITDA Margin | 5.32% |
| EPS | ₹9.00 (Pre-IPO), ₹7.97 (Post-IPO) |
| NAV per share | - |
| Debt to Equity | 0.70 |
| P/E Ratio | - |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| 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 Price | Not Available |
| Kostak Rate | Not Available |
| Subject to Sauda | Not Available |
| Last Updated | Not Available |
| Estimated Listing Price | TBA |
IPO Subscription Data
| Total Subscription | Pending |
| QIB (Ex Anchor) | Pending |
| HNI Subscription | Pending |
| Retail Subscription | Pending |
| Anchor | - |
IPO Intermediaries
Registrar: Kfin Technologies Ltd.
Registrar Website: https://ipostatus.kfintech.com/
IPO Lead Manager(s)
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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