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IPO Details

  • IPO Date
    [.]
  • Listing Date
    [.]
  • Face Value
    ₹1 per share
  • Price Band
  • Sale Type
    Fresh capital cum OFS
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE, NSE
  • Fresh Issue
    [.] shares (agg. up to ₹550 Cr)
  • Offer for Sale
    1,48,60,000 shares of ₹1 (agg. up to ₹[.] Cr)
  • Share Holding Pre Issue
    10,92,43,500 shares

IPO DRHP Status

Description Date
Filed with SEBI/Exchange Wed, Jul 1, 2026
SEBI/Exchange approval received Tue, Oct 27, 2026

Issue Reservation

Investor Category Shares Offered
QIB Shares Offered Not less than 75% of the Net Offer
Retail Shares Offered Not more than 10% of the Net Offer
NII Shares Offered Not less than 15% of the Net Offer

About Ratnadeep Retail Ltd.

Incorporated in February 1995, Ratnadeep Retail Limited is one of South India’s leading organized food and grocery retailers, operating a diversified retail network across Andhra Pradesh, Telangana, and Karnataka. The company offers over 30,000 SKUs across fresh produce, staples, FMCG, general merchandise, and apparel through its 190 stores under the Ratnadeep (Ratnadeep – Mindful Living and Ratnadeep Select) and National Mart formats. It also operates the RD Click online platform, providing home delivery services across eight cities in South India.

The company follows an integrated dual-format retail model that caters to a wide spectrum of customers, from everyday grocery shoppers to value-conscious and premium consumers. Its operations are supported by an extensive sourcing and supply chain network comprising two warehouses, two collection centres, and an in-house fleet of 85 trucks, enabling efficient inventory management, direct farmer procurement, and consistent product availability. Ratnadeep also has a strong private label portfolio with 2,321 SKUs across fresh produce, staples, dry fruits, and other grocery categories, contributing significantly to its revenue.

Led by an experienced promoter and senior management team with extensive retail expertise, the company leverages technology-driven procurement, merchandising, inventory management, and logistics systems to enhance operational efficiency and customer experience.

As of March 31, 2026, Ratnadeep Retail employed 5,373 permanent employees across business operations, supply chain, merchandising, finance, human resources, IT, marketing, legal, and other corporate functions.

Strengths

  • Leading organized food and grocery retailer in South India with strong regional brand recognition.
  • Integrated dual-format retail model serving premium, neighborhood, and value-conscious consumers.
  • Wide product portfolio of over 30,000 SKUs supported by localized merchandising strategies.
  • Strong sourcing, supply chain, warehousing, and direct farmer procurement capabilities.
  • Cluster-based store expansion model driving operational efficiency and scalable growth.
  • Experienced promoters and management team with deep expertise in organized retail operations.

Company Financials (Restated Consolidated)

Ratnadeep Retail Ltd.’s revenue increased by 12% and profit after tax (PAT) rose by 237% between the financial year ending with March 31, 2026 and March 31, 2025.  (Amount in ₹ Crore)

Period Ended 31 Mar 2026 31 Mar 2025 31 Mar 2024
Assets 524.32 510.16 428.21
Total Income 2,227.00 1,990.86 1,681.79
Profit After Tax 36.70 -26.69 15.84
EBITDA 111.33 41.89 58.71
NET Worth 136.50 99.80 126.49
Reserves and Surplus 125.58 99.75 126.44
Total Borrowing 168.83 201.01 127.69

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • # Issue Objects
    Est Amt (₹ Cr.)
  • 1 Repayment/ prepayment, in part or full, of certain loan facilities availed by the Company
    40.00
  • 2 Setting up of new stores under the formats of (i) “Ratnadeep” and (ii) “National Mart”
    260.03
  • 3 General corporate purposes
  • Total
    300.03

Key Performance Indicator (KPI)

KPI Mar 31, 2026
ROE 30.80%
ROCE 17.82%
Debt/Equity 1.22
RoNW 26.89%
PAT Margin 1.65%
EBITDA Margin 5.01%
NAV 12.50

 

IPO Valuation

Valuation Metric Pre IPO Post IPO
EPS (₹) 3.36

Shareholding Structure

Category Pre IPO Post IPO
Promoter and Promoter Group 100%
Public
Total 100%

Company Promoters: Sandeep Agarwal, Manish Bhartiya, Mitesh Bhartiya, Yash Agarwal and Kavita Agarwal.

Offer For Sale – Selling Shareholders

Name Category No. of Shares Offered
Sandeep Agarwal Promoter 85,44,500
Manish Bhartiya Promoter 31,57,750
Mitesh Bhartiya Promoter 31,57,750
Total 1,48,60,000

IPO Registrar

Kfin Technologies Ltd.

IPO Lead Manager(s)

  1. Motilal Oswal Investment Advisors Ltd.  (Past IPO Performance)
  2. Axis Capital Ltd.  (Past IPO Performance)
  3. Dam Capital Advisors Ltd.  (Past IPO Performance)

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Ratnadeep Retail Ltd. Address
Meghna Plaza, 1 st Floor
D-18, Vikrampuri,
Picket, Hyderabad,
Secunderabad, Telangana, 500009

IPO FAQs

Ratnadeep Retail IPO is a main-board IPO of equity shares of the face value of ₹1. The price band and the minimum order quantity are yet to be announced.

The Ratnadeep Retail IPO open and close dates are not available as of now.

Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Angel One customers can apply for the Ratnadeep Retail IPO online through the Kite platform under the IPO & Bids section using UPI as the payment method.

Steps to Apply for Ratnadeep Retail IPO through Angel One

Log in to your Angel One Kite account.
On the home page, click IPO & Bids in the top menu.
Select the IPO tab and find the Ratnadeep Retail IPO in the list.
Click Apply next to the IPO.
Enter your UPI ID, bid quantity, and bid price.
Submit the IPO application.
Open your UPI app and approve the mandate to complete the application process.
For more details, visit the Angel One IPO Application Process Review.

The Ratnadeep Retail IPO dates are not announced. Please check back again after some time.

Ratnadeep Retail IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in Ratnadeep Retail IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The Ratnadeep Retail IPO allotment date is not yet announced. Please check back after the IPO dates are announced.

The Ratnadeep Retail IPO listing date is not yet announced.

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