SS Retail IPO 2026: Date, Price Band, GMP and Details
Dates, price band, lot size, financials and full details of the SS Retail Limited IPO, sourced from the company's Red Herring Prospectus (RHP).
SS Retail IPO at a glance
| Detail | Value |
| IPO Dates | 16 to 18 Sep 2026 |
| Price Band | ₹403 to ₹424 |
| Issue Size | ₹500.75 crore |
| Lot Size | 35 shares |
| Minimum Investment | ₹14,840 |
| Listing Date | 23 Sep 2026 |
SS Retail Limited is bringing a Book Built Mainboard IPO worth ₹500.75 crore. It is a mix of a fresh issue of shares worth ₹360.75 crore and an Offer for Sale (OFS) worth ₹140 crore. The IPO is open from 16 September to 18 September 2026 and is proposed to list on the BSE and the NSE.
SS Retail IPO Details
| Particulars | Details |
| IPO Type | Book Built Mainboard IPO |
| Total Issue Size | ₹500.75 crore (1,18,10,142 shares) |
| Fresh Issue | ₹360.75 crore (85,08,255 shares) |
| Offer for Sale (OFS) | ₹140 crore (33,01,887 shares by the promoter and other selling shareholders) |
| Price Band | ₹403 to ₹424 per share |
| Face Value | ₹10 per share |
| Lot Size | 35 shares |
| Minimum Retail Investment | ₹14,840 (1 lot, at upper price band) |
| Listing On | BSE and NSE |
| Lead Managers | Anand Rathi Advisors, Emkay Global Financial Services |
| Registrar | KFin Technologies Limited |
SS Retail IPO Timelines
| Event | Date |
| IPO Opens | 16 September 2026 |
| IPO Closes | 18 September 2026 |
| Allotment | 21 September 2026 |
| Refund Initiation | 22 September 2026 |
| Credit of Shares to Demat | 22 September 2026 |
| Listing Date | 23 September 2026 |
Dates are tentative and may change.
SS Retail IPO GMP
GMP stands for Grey Market Premium. It is the extra amount some traders are willing to pay for IPO shares in an informal market before listing, on top of the issue price. This market runs outside the stock exchanges, so the figure is unregulated, unverified, and can move sharply within a single day. A high GMP does not confirm a listing gain, and a low one does not rule it out, because it tracks short-term sentiment rather than the worth of the business. A steadier read on the IPO comes from the company's financials, how it plans to use the money, its valuation, and the risk factors set out in the Red Herring Prospectus (RHP).
About SS Retail Limited
Incorporated in June 2016 (originally as SS Communication & Services Private Limited) in Kolhapur, Maharashtra, SS Retail Limited is a multi-brand retail chain for mobile phones, accessories, and other electronic items. As per the industry report cited in the RHP, it is the largest mobile phone retail chain in West India and in Maharashtra, and the third largest in India among its peers, as of 31 March 2026.
As of 31 March 2026, it operated 503 stores across 215 cities in five states (Maharashtra, Karnataka, Madhya Pradesh, Goa, and Gujarat), spread across about 2,41,365 square feet, with 458 of these stores in Maharashtra. It operates through company-owned company-operated (COCO), company-owned franchise-operated (COFO), and franchise-owned franchise-operated (FOFO) store formats, with a local partners approach. As of 31 March 2026, it had 689 permanent employees, and Olineo Nexus India Private Limited is its subsidiary.
The company's promoters are Siddharth Gunvant Shah, Deepa Siddharth Shah, Harshal Kishor Parekh, and Bhavini Harshal Parekh.
What are the Key Strengths of SS Retail (as stated in the RHP)
- Largest mobile phone retail chain in West India and in Maharashtra, and the third largest in India among its peers.
- Differentiated COFO and FOFO franchise models with a local partners approach, which have helped scale operations.
- Established track record of operations and an understanding of diverse markets, particularly tier II, tier III, and beyond cities.
- Experienced promoter and management team with strong domain expertise.
What the Money Will Be Used For
The IPO is a fresh issue of ₹360.75 crore and an Offer for Sale (OFS) of ₹140 crore. The OFS money goes to the selling shareholders. The company will use the money from the fresh issue for the following:
| Object of the Issue | Amount |
| Part funding of incremental working capital requirements | ₹241.35 crore |
| Capital expenditure for fit-outs to set up new stores in FY 2027 and FY 2028 | ₹12.45 crore |
| General corporate purposes | Balance amount |
What are the Company Financials of SS Retail
Restated consolidated figures, in ₹ crore.
| Particulars | FY 2026 | FY 2025 | FY 2024 | 2-Yr CAGR |
| Total Income | 2,352.85 | 1,599.96 | 1,208.04 | 39.56% |
| Profit After Tax (PAT) | 59.28 | 39.86 | 26.65 | 49.16% |
| Operating EBITDA | 125.15 | 80.44 | 56.50 | 48.83% |
| Net Worth | 231.34 | 156.18 | 101.52 | 50.96% |
| Total Borrowing | 162.59 | 125.36 | 110.43 | 21.34% |
2-Yr Compound Annual Growth Rate (CAGR) is calculated from FY 2024 to FY 2026. EBITDA is the Operating EBITDA as disclosed in the RHP.
Who Can Apply
The offer is split across investor categories as follows:
| Category | Share of the Net Offer |
| Qualified Institutional Buyers (QIB) | Not more than 50% |
| Non-Institutional Investors (NII) | Not less than 15% |
| Retail Individual Investors (RII) | Not less than 35% |
How to Apply for the SS Retail IPO
You can apply online through your broker app or through your bank's net banking using the Application Supported by Blocked Amount (ASBA) facility.
- Log in to your broker app or your bank's net banking.
- Open the IPO section and select SS Retail IPO.
- Enter the number of lots and your bid price, or select the cut-off price.
- Enter your Unified Payments Interface (UPI) ID, or confirm your bank account for the ASBA route.
- Submit the application form.
- Approve the mandate request in your UPI app to block the funds until allotment.
How to Check Allotment Status
The basis of allotment is expected to be finalised on 21 September 2026. Once it is out, you can check your allotment status in three ways. You will need your PAN, application number, or DP/Client ID.
- On the registrar's website, KFin Technologies, at the IPO status page.
- On the BSE or NSE website under the IPO allotment section.
- Inside your broker app, under orders or IPO history.
Key Risk Factors
The RHP lists several risk factors. A few of the key ones are summarised below. Please read the full RHP for the complete list.
- A significant portion of revenue comes from retailing mobile phones.
- It is significantly reliant on its top 10 suppliers for procuring mobile phones, accessories, and other electronic items.
- A significant portion of revenue comes from its stores in Maharashtra (458 of 503 stores as of 31 March 2026).
- It primarily operates the COFO and FOFO franchise store models.
- The business is working capital intensive, mainly due to the inventory stocked at its stores and warehouses.
- It depends on the recognition and reputation of third-party brands whose products it retails, and does not have direct tie-ups with all such brands.
- It operates a high-volume, low-margin business in a highly competitive environment of organised and unorganised players.
- Its promoters have extended personal guarantees for certain of the company's borrowings.
- It depends on its ability to identify suitable new store locations on commercially acceptable terms.
- It incurred negative net cash flow from operating activities in FY 2024.
Frequently Asked Questions (FAQs)
1. When does the SS Retail IPO open and close?
The IPO opens on 16 September 2026 and closes on 18 September 2026.
2. What is the price band of the IPO?
The price band is ₹403 to ₹424 per share.
3. What is the lot size?
One lot is 35 shares. Applications are made in multiples of 35 shares.
4. What is the minimum investment for retail investors?
The minimum investment is ₹14,840 at the upper price band (1 lot of 35 shares).
5. When is the allotment date?
The allotment is expected to be finalised on 21 September 2026, with shares credited to demat accounts by 22 September 2026.
6. When is the listing date?
The shares are proposed to be listed on the BSE and the NSE on 23 September 2026 (tentative).
7. What does SS Retail do?
It is a multi-brand retail chain for mobile phones, accessories, and other electronic items, operating 503 stores across five Indian states (mainly Maharashtra) as of 31 March 2026.
8. What is the GMP of the SS Retail IPO?
GMP, or Grey Market Premium, is an informal pre-listing price that sits outside the stock exchanges and is neither regulated nor verified. It shifts with day-to-day sentiment and does not confirm how the shares will list. A more reliable picture comes from the company's financials, valuation, and the risks in the RHP.
9. Who is the registrar for the IPO?
KFin Technologies Limited is the registrar. Allotment status can be checked on its website.
Read the full Red Herring Prospectus (RHP): View the official RHP filed with SEBI and the exchanges.
Disclaimer: This page is for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any securities. All figures are sourced from the company's Red Herring Prospectus and public filings and may change. Investments in securities are subject to market risks. Please read all offer documents carefully and consult a registered financial advisor before making any investment decision.