SS Retail IPO open date is September 16, 2026 and the IPO will close on September 18, 2026. SS Retail IPO is a Book build Issue. The company to raise around ₹500.75 crores via IPO that comprises fresh issue of ₹360.75 crores and offer for sale up to 33,01,884 equity shares with face value of ₹10 each.
SS Retail IPO price band is ₹403 to ₹424 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. SS Retail IPO to list on BSE, NSE on September 23, 2026. The allotment of SS Retail IPO date is September 21, 2026.
The company reported revenue of ₹2,352.85 crores in 2026 against ₹1,599.96 crores in 2025. The company reported profit of ₹59.28 crores in 2026 against profit of ₹39.86 crores in 2025. As per the financials, the IPO investors should apply the IPO for a long term.
SS Retail IPO 2026 is a mainboard IPO scheduled to open for subscription from September 16 to September 18, 2026. The company is looking to raise approximately ₹500.75 crore through a combination of a fresh issue and an Offer for Sale (OFS). The IPO has a price band of ₹403 to ₹424 per equity share and is proposed to list on both the BSE and NSE.
SS Retail operates a multi-brand retail business focused primarily on mobile phones, smartphones, accessories and consumer electronics through its company-owned and franchise-operated stores.
SS Retail IPO Details
| Particular | Details |
|---|---|
| IPO Name | SS Retail IPO 2026 |
| IPO Open Date | September 16, 2026 |
| IPO Close Date | September 18, 2026 |
| Anchor Investor Date | September 15, 2026 |
| Price Band | ₹403 – ₹424 |
| Issue Size | Approx. ₹500.75 Crore |
| Fresh Issue | Approx. ₹360.75 Crore |
| OFS | Approx. 33,01,884 Shares |
| Face Value | ₹10 per Share |
| Lot Size | 35 Shares |
| Minimum Investment | ₹14,840 |
| Listing | BSE & NSE |
| Allotment Date | September 21, 2026 |
| Refund/Demat Credit | September 22, 2026 |
| Tentative Listing Date | September 23, 2026 |
| Registrar | KFin Technologies |
| Lead Managers | Anand Rathi Advisors, Emkay Global Financial Services |
Key Performance Indicators (KPI)
| KPI | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| RONW | 32.60% | 32.82% | 30.21% |
| EPS (BASIC) | 9.11 | 6.13 | 4.10 |
Company Financial (In ₹Crore)
| Period Ended | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 575.42 | 389.43 | 278.24 |
| Total Income | 2,352.85 | 1,599.96 | 1,208.04 |
| Profit After Tax | 59.28 | 39.86 | 26.64 |
| EBITDA | 125.14 | 80.44 | 56.5 |
| NET Worth | 225.70 | 141.36 | 101.5 |
| Reserves and Surplus | 159.58 | 143.18 | 88.51 |
| Total Borrowing | 162.59 | 125.36 | 110.43 |
Peer Comparision (Valuation)
| Company | P/E (x) | CMP (₹) | Face Value (₹) |
|---|---|---|---|
| SS Retail Limited | 46.54 | 424.00 | 10 |
| Aditya Vision Limited | 66.29 | 599.95 | 10 |
| Electronics Mart India Limited | 62.66 | 174.2 | 10 |
| Jay Jalaram Technologies Limited | 14.41 | 123.8 | 10 |
| Fonebox Retail Limited | 15.08 | 100 | 10 |
| Bhatia Communications & Retail (India) Limited | 24.44 | 32.02 | 1 |
| Umiya Mobile Limited | 8.46 | 60 | 10 |
Source: RHP,P/E Ratio has been computed based on the closing market price of equity shares on September 04, 2026 on www.bseindia.com, divided by the Diluted EPS as on March 31, 2026. However, for shares which are listed only on NSE (i.e. Jay Jalaram Technologies Limited and Fonebox Retail Limited) the closing market price of equity shares on September 04, 2026 has been taken from www.nseindia.com.
Peer Comparision (Financial Performance)
| Company | NAV/Share (₹) | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|---|
| SS Retail Limited | 34.33 | 32.60% | 9.11 |
| Aditya Vision Limited | 53.26 | 18.38% | 9.07 |
| Electronics Mart India Limited | - | 6.81% | 2.78 |
| Jay Jalaram Technologies Limited | - | 13.74% | 8.59 |
| Fonebox Retail Limited | 40.25 | 17.94% | 6.63 |
| Bhatia Communications & Retail (India) Limited | 10.33 | 15.16% | 1.31 |
| Umiya Mobile Limited | 46.31 | 29.32% | 7.09 |
About Company
Incorporated in June 2016, SS Retail Ltd. is a multi-brand retail chain specialising in mobile phones, accessories and electronic products, with operations across Maharashtra, Karnataka, Madhya Pradesh, Goa and Gujarat. The company primarily targets Tier II, 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 company-owned and franchisee-operated stores. Its product portfolio includes mobile phones, pre-owned smartphones, accessories, televisions, laptops and tablets, along with services such as mobile protection plans, EMI facilities, anti-theft software and mobile recharge.
SS Retail follows a scalable COCO, COFO and FOFO retail model and uses local franchisee partnerships to expand across regional markets. During Fiscal 2026, it acquired a 51.04% stake in Olineo Nexus India Private Limited, adding 34 stores to its network.
As of July 31, 2026, the company's retail network had expanded to 536 stores across approximately 2,60,597 sq. ft. 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, SS Retail had 689 permanent employees across management, accounts and audit, operations, sales, sales support, supply chain, HR and administration.
Strengths
Large & Expanding Store Network: SS Retail operates a rapidly expanding retail network across multiple states and cities. Its network grew to 536 stores by July 31, 2026, providing a broad physical presence across regional markets.
Scalable Retail Model: The company operates through COCO, COFO and FOFO formats, allowing it to combine company-owned operations with franchisee-led expansion. This model supports scalable growth while enabling access to local markets.
Strong Tier II & Tier III Presence: The company has a strong focus on Tier II, Tier III and beyond cities, where it has established a significant retail footprint. Its regional presence provides access to customers beyond major metropolitan markets.
Risk Factors
Dependence on Mobile Phone Sales: Mobile phone retailing accounted for 86.18%, 87.58% and 88.31% of revenue from operations in Fiscal 2026, 2025 and 2024, respectively. Any slowdown in the mobile phone industry or reduction in consumers' purchasing ability could adversely affect the company's business and financial performance.
Working Capital Intensive Business: The company's operations require substantial working capital, primarily to maintain inventory at its stores and warehouses. It proposes to utilise ₹2,413.47 million of Net Proceeds towards incremental working capital requirements for Fiscal 2027 and Fiscal 2028, and any inability to effectively manage or finance these requirements could adversely affect its business and financial condition.
Independent Director – Securities Law Exposure: One of the company's Independent Directors, Asit Chimanlal Mehta, is associated with entities connected to the securities market and may therefore be subject to stringent obligations under securities laws. Any failure to comply with such requirements could result in proceedings or adverse orders, potentially affecting his reputation and, in turn, the company's reputation, business and prospects.
Conclusion
The SS Retail IPO 2026 combines a growing mobile and consumer-electronics retail business with an expansion-focused fresh issue. Strong revenue and profit growth are positive factors, but investors should also consider geographic concentration, dependence on mobile-phone sales, supplier concentration, competition and valuation.
Investors should not make an IPO decision based only on IPO GMP Today. It is important to study the company's financial performance, valuation, business risks and IPO objectives before applying.
Disclaimer: This article is for educational and informational purposes only and should not be considered investment advice. IPO GMP is unofficial and may change at any time.
SS Retail IPO FAQs
What is the SS Retail IPO date?
The SS Retail IPO will open on September 16, 2026 and close on September 18, 2026.
What is the SS Retail IPO price band?
The price band is ₹403 to ₹424 per share.
What is the SS Retail IPO lot size?
The minimum lot size is 35 shares.
What is the minimum investment in SS Retail IPO?
At the upper price band of ₹424, the minimum application amount for one lot is ₹14,840.
What is the SS Retail IPO issue size?
The total IPO size is approximately ₹500.75 crore, including a fresh issue of around ₹360.75 crore and an OFS component.
What is the SS Retail IPO GMP today?
GMP trackers are showing inconsistent figures. One current report indicated approximately ₹120, while another tracker showed GMP as unavailable. GMP is unofficial and can change quickly.
Where will SS Retail shares be listed?
SS Retail shares are proposed to be listed on BSE and NSE.
Who is the registrar of SS Retail IPO?
KFin Technologies Ltd. is the IPO registrar.