Upcoming IPO: SS Retail Files Draft Papers with SEBI to Raise ₹500 Crore

SS Retail has moved closer to the public markets after submitting draft documents for its initial public offering, outlining a mix of new equity issuance and secondary share sales. 

IPO Structure and Use of Funds 

According to the draft red herring prospectus filed with Securities and Exchange Board of India, the proposed IPO totals ₹500 crore. This includes a fresh issue of shares worth ₹300 crore and an offer for sale of ₹200 crore by promoters and other shareholders.  

Proceeds from the fresh issue are earmarked for store fit-outs to support expansion in FY27 and FY28, working capital needs, and general corporate purposes. 

Operations and Store Network 

SS Retail operates a multi-brand retail business selling mobile phones, accessories and electronic products.  

The company has a presence across Maharashtra, Karnataka, Madhya Pradesh and Goa, with a strategic focus on tier-II and tier-III cities. As of March 31, 2025, SS Retail ran 347 stores nationwide, including 334 outlets in Maharashtra. 

Financial Performance  

The company reported revenue from operations of ₹1,598 crore in FY25, up from ₹1,207 crore in FY24.  

Profit after tax rose to ₹39.86 crore in FY25 from ₹26.65 crore a year earlier. Anand Rathi Advisors and Emkay Global Financial Services have been appointed as merchant bankers to the issue. 

Read More: Dividends and Bonus Issues This Week (Dec 31, 2025 – Jan 3, 2026): MCX, A-1 Ltd, and Others! 

Conclusion 

With its ₹500 crore IPO filing, SS Retail is seeking capital to fund network expansion and operational growth, building on improving revenues and profitability across its store base. 

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