SS Retail IPO
UpcomingMainboardOpens 16 September 2026Closes 18 September 2026
Originally incorporated in 2016, SS Retail Limited is a rapidly growing multi-brand retail chain operating primarily in West India, specializing in the sale of mobile phones, accessories, pre-owned smartphones, and…
Originally incorporated in 2016, SS Retail Limited is a rapidly growing multi-brand retail chain operating primarily in West India, specializing in the sale of mobile phones, accessories, pre-owned smartphones, and other electronic products. The company operates a network of 503 stores across Maharashtra, Goa, Karnataka, and Madhya Pradesh as of March 2026, functioning under proprietary brands like 'SS Mobile', 'The Mobile Space', and the shop-in-shop concept 'Mobile Exchange Wala'. SS Retail utilizes a scalable mix of Company Owned and Company Operated (COCO), Company Owned and Franchisee Operated (COFO), and Franchisee Owned and Franchisee Operated (FOFO) store models to deeply penetrate Tier II, Tier III, and beyond markets.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
16 Sept
IPO Closes
18 Sept
Allotment
21 Sept
Listing
23 Sept
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 16 September 2026 |
| IPO Close Date | 18 September 2026 |
| Allotment Date | 21 September 2026 |
| Listing Date | 23 September 2026 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,840 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,92,920 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,07,760 |
SHNI (Max)Below ₹10,00,000 | 67 | ₹9,94,280 |
BHNIAbove ₹10,00,000 | 68 | ₹10,09,120 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 50.00% |
| NII (Non-Institutional Investor) | 15.00% |
| SHNI (Small Non-Institutional Investor) | 5.00% |
| BHNI (Big Non-Institutional Investor) | 10.00% |
| Retail | 35.00% |
| Total | 100.00% |
IPO Objectives
- Funding capital expenditure for Fit Outs towards setting up of 57 new stores in Fiscal 2027 and 58 new stores in Fiscal 2028 (₹12.45 Cr / ₹124.53 million).
- Part funding of the incremental working capital requirements of our Company (₹241.35 Cr / ₹2,413.47 million).
- General Corporate Purposes.
Strengths
- Largest mobile phone retail chain in West India and Maharashtra, with a strong focus on Tier II, Tier III, and beyond cities.
- Highly scalable COCO, COFO, and FOFO business models supported by a 'Local Partners Approach' for regional expansion.
- Diverse product mix spanning flagship mobile brands, pre-owned smartphones ('Mobile Exchange Wala'), and accessories/electronics.
- Strong financial growth, achieving a 45.99% CAGR in store additions and impressive sales per square foot efficiency.
Weaknesses
- Heavy geographic concentration, with 91.05% of stores and 89.09% of FY26 revenue coming exclusively from Maharashtra.
- High dependence on a limited set of top 10 suppliers, which accounted for 79.09% of total traded goods purchases in FY26 without long-term contracts.
- Significant revenue concentration from retailing mobile phones (86.18% in FY26), exposing the company to industry slowdowns and changing consumer preferences.
- Working capital-intensive operations that required negative net operating cash flows in FY24 due to high inventory build-ups for festive seasons.
Financial Performance
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets (₹ Cr.) | 575.42 | 389.44 | 278.25 |
| Revenue (₹ Cr.) | 2,352.85 | 1,599.96 | 1,208.04 |
| PAT (₹ Cr.) | 59.28 | 39.86 | 26.65 |
| Net Worth (₹ Cr.) | 225.71 | 141.37 | 101.51 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| SS Retail | 12.35 | 74 | 32.6% | 225.71 |
| Umiya Mobile Limited | 2.09 | 0 | 19% | 13.98 |
| Bhatia Communications & Retail | 3.44 | 22.81 | 12.64% | 132.59 |
| Fonebox Retail Limited | 2.96 | 17.96 | 16.47% | 2.2 |
Subscription Details
No daily bids available.
No subscription statistics available.
Company Details
- SS Retail Limited
- 399, E, Basant Bahar Road, Ratikmal Complex, Shop 6-7, Kolhapur 416 003, Maharashtra, India
- +91 90961 91222
- compliance@ssmobile.com
- https://www.ssmobile.com
Registrar Details
- KFin Technologies Limited
- +91 40 6716 2222
- ssretail.ipo@kfintech.com
- https://www.kfintech.com
Frequently Asked Questions
What does SS Retail Limited do?
What are the opening and closing dates for the SS Retail IPO?
What is the price band and minimum investment amount for retail investors?
What is the total issue size of the SS Retail IPO?
When will SS Retail list on the stock exchanges?
SS Retail IPO News & Updates
Follow the latest updates for SS Retail IPO, including grey market moves and allotment news.
SS Retail IPO IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
SS Retail IPO Details
Issue size, price, financials, and company info
SS Retail IPO GMP
Live grey market premium and listing estimate
SS Retail IPO Subscription
QIB, NII, Retail, SHNI and BHNI subscription
SS Retail IPO Allotment
Allotment date, chances, and check by PAN
SS Retail IPO Review
SWOT, strengths, risks, and IPO review
SS Retail IPO FAQ
Common questions on dates, GMP, and allotment
SS Retail IPO Registrar
Registrar website and how to check allotment
SS Retail IPO Timeline
Open, close, allotment, and listing dates
SS Retail IPO News
Updates, blogs, and latest IPO news
Sources
We match SS Retail IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- KFin Technologies LimitedOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.