RSB Retail India Ltd, a leading multi-brand retail chain in South India, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). According to sources, the IPO could potentially raise around ₹1,500 crore.
Motilal Oswal Investment Advisors, HDFC Bank, and IIFL Capital Services will act as the book-running lead managers for the issue.
RSB Retail India IPO consists of a fresh issue of equity shares aggregating up to ₹500 crore, along with an Offer for Sale (OFS) of up to 2.98 crore equity shares by the company’s promoters.
As outlined in the DRHP submitted on Thursday, RSB Retail plans to allocate ₹275 crore from the net proceeds toward debt repayment. An additional ₹118 crore will be used to open new outlets under its flagship brands—R S Brothers and South India Shopping Mall. The remaining funds will be directed towards general corporate purposes.
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Headquartered in Hyderabad and founded in 2008, RSB Retail India Ltd operates in the premium, mid-premium, and value retail segments, offering a diverse range of ethnic, formal, and casual wear. As of March 31, 2025, the company operated 73 stores across 22 cities in Telangana, Andhra Pradesh, and Karnataka, under six distinct retail formats: South India Shopping Mall, R.S. Brothers, Kanchipuram Narayani Silks, Dé Royal, and Value Zone Hyper Mart.
In FY25, the company reported consolidated revenue of ₹2,694 crore, with a profit after tax of ₹104.4 crore.
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Published on: Aug 18, 2025, 9:30 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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