- Issue price
- ₹424per share
- Issue size
- ₹500 Cr1,18,10,182 shares
- Face value
- ₹10per equity share
- Lot size
- 35 sharesMin. ₹14,840 at the upper price
- Anchor biddingTue, 2026
- OpensWed, 2026
- ClosesFri, 2026
- AllotmentMon, 2026
- ListingWed, 2026
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue and offer for sale
- Fresh issue
- 85,08,298 shares (₹360 Cr)
- Offer for sale
- 33,01,884 shares (₹140 Cr)
- Total issue
- 1,18,10,182 shares (₹500 Cr)
- Face value
- ₹10
- Listing at
- NSE, BSE
- Promoter holding
- 75.70% → 64.82%
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail34.1%
- Anchor29.2%
- QIB ex-anchor19.5%
- Big NII9.7%
- Small NII4.9%
- Employees2.5%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 40,28,301 | 34.11% | 35% |
| Non-institutional investors (NII) | 17,26,415 | 14.62% | 15% |
| Small NII (₹2–10 lakh) | 5,75,471 | 4.87% | — |
| Big NII (above ₹10 lakh) | 11,50,944 | 9.75% | — |
| Qualified institutional buyers (QIB) | 57,54,715 | 48.73% | 50% |
| QIB, excluding anchor | 23,01,886 | 19.49% | — |
| Anchor investors | 34,52,829 | 29.24% | — |
| Employees | 3,00,751 | 2.55% | — |
Source: ProspectusUpdated
Lot size
Amounts at ₹424 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 1 | 35 | ₹14,840 |
Source: ProspectusUpdated
Special quotas
- Employees
- ₹25 discount per share
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2026 (Consolidated), pre-issue- EPS (basic)
- ₹9.11
- P/E (FY 2026 at lower price band ₹403)
- 44.24×
- P/E (FY 2026 at upper price band ₹424)
- 46.54×
- RoNW
- 32.60%
- ROCE (FY 2026 (pre-tax))
- 29.30%
- NAV per share (As on March 31, 2026 (Consolidated))
- ₹34.33
- NAV per share (After the Offer at Offer Price)
- ₹78.72
- EBITDA margin (FY 2026 (Operating EBITDA margin))
- 5.32%
Source: ProspectusUpdated
Financials
Consolidated, restated · ₹ crore| Period ended | 31 Mar 202612 months | 31 Mar 202512 months | 31 Mar 202412 months |
|---|---|---|---|
| Revenue from operations | 2,351.03 | 1,597.93 | 1,206.74 |
| Total income | 2,352.85 | 1,599.96 | 1,208.04 |
| EBITDA | 125.15 | 80.44 | 56.50 |
| Profit after tax | 59.28 | 39.86 | 26.65 |
| Net worth | 225.71 | 141.37 | 101.51 |
| Reserves and surplus | 159.59 | 143.18 | 88.52 |
| Total assets | 575.42 | 389.44 | 278.25 |
12 months vs 12 months: revenue +47.1%, profit after tax +48.7%.
Source: ProspectusUpdated
About the company
The company runs a multi-brand retail chain selling mobile phones, pre-owned smartphones, accessories and other electronic items. It operates company-owned and franchisee-run stores across Maharashtra and several other states, with a focus on tier II and tier III cities. It also sells phones wholesale and runs subsidiaries Olineo and Nexora.
- Incorporated
- 2016
- Industry
- Retail (Mobile Phones and Electronics)
- CIN
- U51599PN2016PLC164991
- Website
- ssmobile.com
Source: ProspectusUpdated
Promoters and shareholders
| Name | Type | Before issue | After issue | Shares offered |
|---|---|---|---|---|
| Siddharth Gunvant Shah | Promoter | 51.03% | 43.76% | 10,61,320 |
| Deepa Siddharth Shah | Promoter | 13.27% | 11.31% | 3,30,188 |
| Harshal Kishor Parekh | Promoter | 8.44% | 7.22% | 1,88,679 |
| Bhavini Harshal Parekh | Promoter | 2.96% | 2.53% | 70,754 |
| Rakhi Narendra Firodia | Selling shareholder | 4.93% | 2.15% | 16,50,943 |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Capital expenditure on fit-outs for new stores in Fiscal 2027 and Fiscal 2028 | 12.45 |
| Part funding of incremental working capital requirements | 241.35 |
| General corporate purposes | 79.75 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| SS Retail LimitedIssuer | ₹9.11 | — | 32.60% | ₹34.33 |
| Aditya Vision Limited | ₹9.07 | 66.29× | 18.38% | ₹53.26 |
| Electronics Mart India Limited | ₹2.78 | 62.66× | 6.81% | — |
| Jay Jalaram Technologies Limited | ₹8.59 | 14.41× | 13.74% | — |
| Fonebox Retail Limited | ₹6.63 | 15.08× | 17.94% | ₹40.25 |
| Bhatia Communications & Retail (India) Limited | ₹1.31 | 24.44× | 15.16% | ₹10.33 |
| Umiya Mobile Limited | ₹7.09 | 8.46× | 29.32% | ₹46.31 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Stated by the industry report to be the largest mobile phone retail chain in West India and the 3rd largest in India by store count.
- Store network grew from 236 to 503 stores between March 2024 and March 2026, largely through franchise-led models.
- Revenue from operations grew at a stated CAGR of 39.58% over FY 2024 to FY 2026.
- Relies partly on franchisee partners to fund store fit-outs, which reduces capital needs per store.
- Promoter-led management with long experience in mobile phone retail.
Risks
- Most revenue comes from retailing mobile phones, so a slowdown in that segment would hit results.
- Top 10 suppliers account for about 79% of traded goods purchases in FY 2026 and there are no long-term supply agreements.
- Around 89% of FY 2026 revenue comes from Maharashtra, so the business is concentrated in one state.
- Objects of the Offer, including store fit-out and working capital needs, have not been appraised by any bank or financial institution.
- Fresh Issue proceeds depend on management estimates and any change in utilisation needs shareholder approval.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹424) appear here after the shares list on NSE and BSE.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the SS Retail IPO open and close?
According to the Prospectus, the issue opens on Wednesday, 16 September 2026 and closes on Friday, 18 September 2026.
What is the SS Retail IPO price band?
The final issue price is ₹424 per share.
What is the lot size of the SS Retail IPO?
One lot is 35 shares, which is ₹14,840 at ₹424 per share.
Where will SS Retail shares list?
On NSE and BSE. The tentative listing date is Wednesday, 23 September 2026.
Who is the registrar of the issue?
KFin Technologies Limited (SEBI registration INR000000221). Allotment status is checked on the registrar's website.
How do I check the SS Retail IPO allotment status?
The basis of allotment is expected to be finalised on Monday, 21 September 2026. After that, search by PAN, application number or DP/client ID on the registrar's website (KFin Technologies Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹12.45 Cr for capital expenditure on fit-outs for new stores in Fiscal 2027 and Fiscal 2028, ₹241.35 Cr for part funding of incremental working capital requirements, ₹79.75 Cr for general corporate purposes.
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Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.