SS Retail IPO

This issue combines a fresh issue and an offer for sale. The amounts for each part are not available in our data; see the offer document for the split.

Lot size and investment

Reservation

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

Current GMP

₹160

▲+37.74%

Estimated listing price

₹584

Issue price ₹424

Highest

₹160

23 Sep

Lowest

₹30

10 Sep

GMP by day (₹ per share)

Subject to sauda

₹4,300 retail · ₹60,200 HNI

GMP is an unofficial indicator from an unregulated market. It is shown for information only and is not a prediction of the listing price or a recommendation to apply.

P/E Ratio

53.2

EPS (₹)

7.97

RoE

30.60%

RoCE

29.30%

RoNW

32.60%

PAT Margin

2.52%

EBITDA Margin

5.32%

Debt / Equity

0.70

NAV (₹)

34.33

Separate pre- and post-issue P/E are not available for this IPO; the P/E shown is as disclosed for the issue.

Peers are other recent IPOs from the same industry, closest in issue size. Ratios are as disclosed at the time of each issue. This is not the listed-peer table from the offer document.

SS Retail Ltd was started in June 2016. It runs a multi-brand retail chain selling mobile phones, accessories and other electronic items. Its focus is on Tier II and Tier III and smaller cities rather than the metros. It sells under its own store brands, SS Mobile, Mobile Exchange Wala and The Mobile Space, and runs them through a mix of formats. Some stores are owned and operated by the company itself, and others are run by franchisees, which lets it expand into regional markets using local partners without putting up all the capital. Its products include new mobile phones, pre-owned smartphones, accessories, televisions, laptops and tablets. It also sells services alongside, such as mobile protection plans, EMI facilities, anti-theft software and mobile recharge. As on 31 March 2026 it operated 503 stores across 215 cities covering about 2,41,365 square feet, and by 31 July 2026 this had grown to 536 stores covering about 2,60,597 square feet. During FY2026 it bought a 51.04% stake in Olineo Nexus India Private Limited, which added 34 stores. As on 31 March 2026 the company had 689 permanent employees.

Objects of the issue

1. Funding capital expenditure for Fit Outs towards setting up of new stores in Fiscal 2027 and Fiscal 2028₹12.45 Cr
2. Part funding of the incremental working capital requirements of Company₹416.53 Cr
3. General Corporate Purposes

Promoters and shareholding

Siddharth Gunvant Shah, Deepa Siddharth Shah, Harshal Kishor Parekh and Bhavini Harshal Parekh

Promoter holding, pre-issue

75.74%

Promoter holding, post-issue

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