SS Retail Limited

Total Issue Size

₹500 Cr

1,18,10,182 shares

Fresh Issue

₹360 Cr

85,08,298 shares

Offer for Sale

₹140 Cr

33,01,884 shares

Face Value

₹10 per share

Issue Type

Book-built IPO

Listing At

BSE, NSE

Shares Pre-Issue

6,58,63,500

Shares Post-Issue

7,43,71,798

1. Offer opens

   16 Sept 2026

2. Offer closes

   18 Sept 2026

3. Allotment· Today

   21 Sept 2026

4. Listing

   23 Sept 2026

• Anchor29.2%34,52,829 shares
• QIB19.5%23,01,886 shares
• HNI14.6%17,26,415 shares
• Retail34.1%40,28,301 shares
• Employee2.5%3,00,751 shares

Incorporated June 2016, SS Retail Ltd. is a multi-brand retail chain for mobile phones, accessories and other electronic items, with operations across Maharashtra, Karnataka, Madhya Pradesh, Goa and Gujarat. It primarily focuses on Tier II and Tier III and beyond cities and, as of March 31, 2026, operated 503 stores across 215 cities, covering approximately 2,41,365 sq. ft. The Company operates under its proprietary brands ‘SS Mobile’, ‘Mobile Exchange Wala’ and ‘The Mobile Space’ through a combination of company-owned and franchisee-operated store formats. Its product portfolio includes mobile phones, pre-owned smartphones, accessories, televisions, laptops and tablets, along with ancillary services such as mobile protection plans, EMI facilities, anti-theft software and mobile recharge services. As of July 31, 2026, its retail network had expanded to 536 stores covering approximately 2,60,597 sq. ft. The Company follows a scalable retail model comprising COCO, COFO and FOFO formats and uses local franchisee partnerships to expand its presence in regional markets. During Fiscal 2026, it acquired 51.04% shareholding in Olineo Nexus India Private Limited, adding 34 stores to its network. As of March 31, 2026, the Company was the largest mobile phone retail chain in West India and Maharashtra and the third largest in India among its peers, according to the cited industry report. As of March 31, 2026, the Company had 689 permanent employees, comprising personnel across management, accounts and audit, operations, sales, sales support, supply chain and HR and administration. Competitive Strengths Large and rapidly expanding retail store network. Scalable COCO, COFO and FOFO business models. Strong presence in Tier II and Tier III and beyond cities. Strong customer reach through local franchisee partnerships. Largest mobile phone retail chain in West India and Maharashtra. Experienced Promoter and management team with strong domain expertise. Wide product portfolio with focus on mobile phones, accessories and electronic items. Established brand presence through SS Mobile, Mobile Exchange Wala and The Mobile Space.

• Funding capital expenditure for Fit Outs towards setting up of new stores in Fiscal 2027 and Fiscal 2028 (₹12.45 Cr)
• Part funding of the incremental working capital requirements of Company (₹241.35 Cr)
• General Corporate Purposes (₹79.75 Cr)
• Issue Expenses (₹36.69 Cr)

• <p>Siddharth Gunvant Shah
• Deepa Siddharth Shah
• Harshal Kishor Parekh
• Bhavini Harshal Parekh</p>

Book running lead managers

• Anand Rathi Advisors Ltd.
• Emkay Global Financial Services Ltd.

Registered office

399, E, Basant Bahar Road, Ratikmal Complex, Shop 6-7, Kolhapur, Maharashtra, 416003

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