SS Retail’ initial public offering (IPO) is set to open for subscription on September 16, 2026. According to the Red Herring Prospectus (RHP), the ₹500.00 crore book-built issue comprises a fresh issue of up to ₹360.00 crore and an offer for sale (OFS) of up to ₹140.00 crore.

The IPO will remain open until September 18, 2026. The basis of allotment is expected to be finalised on September 21, 2026, and the shares are tentatively scheduled to be listed on the BSE and NSE 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: To be announced
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 Category-wise Investment Limits

The application size for each category is as follows -

Category	Investment Range
Qualified Institutional Buyers (QIBs)	Not more than 50% of the Net Issue
Non-Institutional Investors (NIIs)	Not less than 15% of the Net Issue
Retail Individual Investors (RII)	Not less than 35% of the Net Issue

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 operates across Maharashtra, Karnataka, Madhya Pradesh, Goa and Gujarat, with a focus on mobile phones and accessories in Tier II and Tier III and beyond cities. As of March 31, 2026, it had 503 stores across 215 cities, including 458 stores in Maharashtra, making it the largest mobile phone retail chain in Maharashtra and West India, and the third-largest in India, according to the Knowledge Company Report.

Its store network grew from 236 stores in 109 cities in March 2024 to 503 stores in March 2026, a CAGR of 45.99%. With 2,41,365 sq. ft. of retail space and sales of ₹1,46,347.03 per sq. ft. in Fiscal 2026, SS Retail recorded the highest sales productivity among its peers.

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