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SS Retail IPO
📅 Founded: 2016
📍 Kolhapur, Maharashtra
👥 689 employees
🌐 ssmobile.com
📋 Face Value: ₹10
🏦 Market Cap: ₹5,569 Cr
Price Band
₹403 – ₹424
Issue Size
₹500.75 Cr
Lot Size
35 shares
Min. Investment
₹14,840
GMP
+₹90 (+21.2%)
Est. Return
+21.2%
Listing Date
23 Sep 2026
Registrar
KFin Technologies
SS Retail IPO at a glance
SS Retail IPO was a mainboard issue of ₹500.75 Cr at a price band of ₹403 – ₹424 per share, open from 16 Sep 2026 to 18 Sep 2026. It was subscribed 0.46 times overall (QIB 0x, NII 0.44x, retail 0.79x). The shares listed on BSE, NSE on 23 Sep 2026 at ₹624, a listing gain of 47.2% against the issue price of ₹424.
IPO Signal Analysis
📊 Based on Grey Market Premium (GMP) & Subscription Data — not financial advice
GMP Signal
Very High Interest
GMP: +21.2% above issue price
⭐ Overall Signal
High Interest
GMP + Subscription combined
Not financial advice
Not financial advice
Subscription Signal
Moderate Interest
0.46x subscribed
Issue Details
Fresh Issue₹360 Cr
Offer for Sale (OFS)₹140 Cr
Total Issue Size₹500.75 Cr
Face Value₹10
Market Cap (at issue)₹5,569 Cr
Listing ExchangeBSE, NSE
📅 Open Date16 Sep 2026
🔒 Close Date18 Sep 2026
✂️ Cut-off Price Date18 Sep 2026
🎟️ Allotment Date21 Sep 2026
💸 Refund Initiation22 Sep 2026
📂 Demat Credit22 Sep 2026
📈 Listing Date23 Sep 2026
Objects of the Issue
- 💰 Store fit-outs — ₹12.45 Cr
- 💰 Working capital — ₹241.35 Cr
- 💰 General corporate purposes — ₹79.75 Cr
About the Company
SS Retail, based in Kolhapur, Maharashtra, runs a multi-brand chain selling mobile phones, accessories and electronics across western and central India. It operates more than 500 company-owned and franchise stores, focusing on Tier II and Tier III towns.
Strengths
- ✅ 536 stores across Maharashtra, Karnataka, MP, Goa and Gujarat
- ✅ Runs brands SS Mobile, Mobile Exchange Wala and The Mobile Space
- ✅ Income grew about 47% in FY26
Risk Factors
- ⚠️ Very thin net margin of about 2.5%, typical of phone retail
- ⚠️ Valuation of about 53x FY26 earnings is high
- ⚠️ Depends on smartphone brands and their trade terms
- ⚠️ Competition from online sellers and large chains
Subscription Status
0.46x Overall
QIB: —
NII: 0.4x
RII: 0.8x
GMP Trend
Day-wise Subscription
| Day | QIB | NII | RII | Overall |
|---|---|---|---|---|
| Day 1 | — | — | — | 0.00x |
| Day 2 | — | — | — | 0.00x |
| Day 3 | — | — | — | 0.00x |
Share Reservation
QIB
50%
NII
15%
RII
35%
Allocation as per SEBI regulations for Mainboard IPO
Anchor Investors
Anchor allotment details not yet available.
Promoter Holding
75.74%
Pre-IPO
→ -10.9%
64.86%
Post-IPO
Founders & Leadership
SS
Siddharth Gunvant Shah
Promoter
Promoter of the company
HP
Harshal Kishor Parekh
Promoter
Promoter of the company
IPO Timeline
✓
Open Date
16 Sep 2026
✓
Close Date
18 Sep 2026
✓
Allotment Date
21 Sep 2026
✓
Listing Date
23 Sep 2026
Key Financials
Revenue₹2,352.85 Cr
PAT₹59.28 Cr
EPS₹7.97
P/E Ratio53.2x
ROE32.6%
Market Cap₹5,569 Cr
Company Financials (Restated Consolidated)
| Period Ended | FY26 | FY25 | FY24 |
|---|---|---|---|
| Total Income | 2352.85 | 1599.96 | 1208.04 |
| Profit After Tax | 59.28 | 39.86 | 26.65 |
| EBITDA | 125.15 | 80.44 | 56.50 |
| Net Worth | 225.71 | 141.37 | 101.51 |
| Total Borrowing | 162.59 | 125.36 | 110.43 |
Amount in ₹ Crore
Key Performance Indicators (KPI)
| KPI | FY26 | FY25 |
|---|---|---|
| ROE (%) | 26.26 | 28.20 |
| EBITDA Margin (%) | 5.32 | 5.03 |
| Debt / Equity | 0.72 | 0.89 |
| Net Worth (Rs. Cr) | 225.71 | 141.37 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS | ₹7.97 | — |
| P/E (x) | 53.2x | — |
| ROE (%) | 32.6% | — |
| Promoter Holding | 75.74% | 64.86% |
| Market Cap | ₹5,569 Cr | |
IPO Registrar
SS Retail IPO FAQs
SS Retail IPO is a mainboard IPO with an issue size of ₹500.75 Cr at a price band of ₹403 – ₹424. Minimum lot size is 35 shares (minimum investment ~₹14,840). Opened on 16 Sep 2026 and closed on 18 Sep 2026. Listed on BSE, NSE. Registrar: KFin Technologies.