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IPO Open

Wed, Sep 16, 2026

IPO Close

Fri, Sep 18, 2026

Price Band

To be declared

Market Cap

To be declared

IPO Details

  • IPO Date
    16 to 18 Sep, 2026
  • Listing Date
    Wed, Sep 23, 2026
  • Face Value
    ₹10 per share
  • Price Band
  • Sale Type
    Fresh capital cum OFS
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE, NSE
  • Total Issue Size
    [.] shares (agg. up to ₹500Cr)
  • Fresh Issue
    [.] shares (agg. up to ₹300Cr)
  • Offer for Sale
    [.] shares of ₹10 (agg. up to ₹200 Cr)
  • Share Holding Pre Issue
    6,58,63,500 shares

IPO Timetable (Tentative)

  • IPO Open
    Wed, Sep 16, 2026
  • Allotment
    Mon, Sep 21, 2026
  • Credit of Shares
    Tue, Sep 22, 2026
  • IPO Close
    Fri, Sep 18, 2026
  • Refund
    Tue, Sep 22, 2026
  • Listing
    Wed, Sep 23, 2026

Issue Reservation

Investor Category Shares
QIB Not more than 50% of the Net Offer
Retail Not less than 35% of the Net Offer
NII Not less than 15% of the Net Offer

Investor Category Reservations

Category Limit Cut-off
RII Up to ₹2 Lakhs Yes
sNII ₹2 Lakhs – ₹10 Lakhs No
bNII Above ₹10 Lakhs No
Employee (EMP) Up to ₹5 Lakhs Yes
Employee + RII/NII Up to ₹5Lakhs (EMP) + RII/NII limits Yes (EMP/RII)

About SS Retail Ltd.

Incorporated June 2016, 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, according to the cited industry report.

As of March 31, 2026, the Company had 689 permanent employees, comprising personnel across management, accounts and audit, operations, sales, sales support, supply chain and HR and administration.

Competitive 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.(Updated on Sep 9, 2026)

Company Financials (Restated Standalone)

SS Retail Ltd.’s revenue increased by 47% and profit after tax (PAT) rose by 49% 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 575.42 389.44 278.25
Total Income 2,352.85 1,599.96 1,208.04
Profit After Tax 59.28 39.86 26.65
EBITDA 125.15 80.44 56.50
NET Worth 225.71 141.37 101.51
Reserves and Surplus 159.59 128.18 88.52
Total Borrowing 162.59 125.36 110.43

Note:-

The financial statements for 2026 are Consolidated.

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 Funding capital expenditure for Fit Outs towards setting up of new stores in Fiscal 2027 and Fiscal 2028
    12.45
  • 2 Part funding of the incremental working capital requirements of our Company
    416.53
  • 3 General corporate purposes
  • Total
    428.99

Key Performance Indicator (KPI)

Key Performance Indicator (KPI)

KPI Mar 31, 2026
ROE 30.60%
ROCE 29.30%
Debt/Equity 0.70
RoNW 32.60%
PAT Margin 2.52%
EBITDA Margin 5.32%
NAV 34.33

IPO Valuation

Valuation Metric Pre IPO Post IPO
EPS (₹) 9.00

Shareholding Structure

Category Pre IPO Post IPO
Promoter and Promoter Group 75.74%
Public 24.26%
Total 100%

Company Promoters: Siddharth Gunvant Shah, Deepa Siddharth Shah, Harshal Kishor Parekh and Bhavini Harshal Parekh.

Offer For Sale – Selling Shareholders

Name Category Estimated Amount (₹ cr.)
Siddharth Gunvant Shah Promoter 45.00
Deepa Siddharth Shah Promoter 14.00
Harshal Kishor Parekh Promoter 8.00
Bhavini Harshal Parekh Promoter 3.00
Rakhi Narendra Firodia Other 70.00
Total 140.00

*Estimated Amount (₹ cr.) shown until the actual number of shares offered in OFS is entered.

SS Retail IPO Recommendations

Review By Subscribe May Apply Neutral Avoid
Brokers 0 0 0 0
Members 0 0 0 0

IPO Registrar

Kfin Technologies Ltd.

IPO Lead Manager(s)

  1. Anand Rathi Advisors Ltd.  (Past IPO Performance)
  2. Emkay Global Financial Services Ltd.  (Past IPO Performance)

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

SS Retail Ltd. Address
399, E, Basant Bahar Road,
Ratikmal Complex, Shop 6-7, Kolhapur
Mumbai, Maharashtra, 416003

IPO FAQs

SS Retail IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹500 Crores. The issue is priced at To be declared. The minimum order quantity is .

The IPO opens on Wed, Sep 16, 2026, and closes on Fri, Sep 18, 2026.

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

Angel One customers can apply online in SS Retail IPO using UPI as a payment gateway. Angel One customers can apply in SS Retail IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in SS Retail IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘SS Retail IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The SS Retail IPO opens on Wed, Sep 16, 2026 and closes on Fri, Sep 18, 2026.

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

You can apply in SS 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 finalization of Basis of Allotment for SS Retail IPO will be done on Monday, September 21, 2026, and the allotted shares will be credited to your demat account by Tue, Sep 22, 2026. Check the SS Retail IPO allotment status.

The SS Retail IPO listing date is not yet announced. The tentative date of listing is Wed, Sep 23, 2026.

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