SS Retail IPO Day 2: Subscription Status, Timeline & Key Issue Details
SS Retail's ₹500.00 crore initial public offering (IPO) entered its second day of public subscription today, September 17, 2026, with a price band of ₹403 to ₹424 per share. As of 9:50 A.M on the second day of bidding, the issue had been subscribed 1.50 times.
The IPO will remain open for subscription until September 18, 2026. The basis of allotment is expected to be finalised on September 21, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on September 23, 2026.
SS Retail IPO - Issue Details
- Issue Type: Book Built Issue (Fresh Issue + OFS)
- Total Issue Size: Up to ₹500.00 crore
- Fresh Issue: Up to ₹360.00 crore
- Offer for Sale (OFS): Up to ₹140.00 crore
- Face Value: ₹10 per equity share
- Price Band: ₹403 to ₹424 per share
- Lot Size: 35 shares
- Minimum Investment Amount (Retail Investor): ₹14,840 (35 shares at the upper price)
- Listing: BSE, NSE
- Book Running Lead Managers: Anand Rathi Advisors Limited, Emkay Global Financial Services Limited
- Registrar: KFin Technologies Limited
SS Retail IPO Timeline (Tentative)
The expected IPO schedule is as follows:
|
Event |
Date |
|
Subscription Opening Date |
16 September 2026 |
|
Subscription Closing Date |
18 September 2026 |
|
Basis of Allotment Date |
21 September 2026 |
|
Refund Initiation Date |
22 September 2026 |
|
Credit of Shares |
22 September 2026 |
|
Listing on BSE and NSE |
23 September 2026 |
Note: The allotment and listing dates are tentative and may be revised.
Explore other Upcoming IPOs on BSE and NSE.
SS Retail IPO Day 2 Subscription Status
[September 17, 2026, 9:50 A.M.]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
0.20x |
|
Non-Institutional Investors (NIIs) |
1.55x |
|
Retail Individual Investors (RIIs) |
2.32x |
|
Total |
1.50x |
Utilisation of IPO Proceeds
The company intends to utilise the net proceeds from the fresh issue towards:
- Funding capital expenditure for Fit Outs towards setting up of new stores in Fiscal 2027 and Fiscal 2028
- Part funding of the incremental working capital requirements of the company
- General corporate purposes.
About SS Retail Limited
Incorporated in 2016, SS Retail is a mobile phone and accessories retailer focused on Tier II, Tier III, and smaller cities across Maharashtra, Karnataka, Madhya Pradesh, Goa, and Gujarat. As of March 31, 2026, it operated 503 stores across 215 cities, including 458 stores in Maharashtra, making it the largest mobile phone retail chain in Maharashtra and West India.
The company expanded its store network from 236 stores in 2024 to 503 stores in 2026. With 2,41,365 sq. ft. of retail space, it also recorded the highest sales productivity among its peers in FY2026.
Key Financial Highlights
|
Particulars |
FY26 (in ₹ crore) |
FY25 (in ₹ crore) |
FY24 (in ₹ crore) |
|
Revenue from operations |
2,351.03 |
1,597.93 |
1,206.74 |
|
EBITDA |
125.15 |
80.44 |
56.50 |
|
Profit After Tax (PAT) |
59.28 |
39.86 |
26.65 |
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