SS Retail IPO
Retail • ₹500 Cr
Medium risk because:
- 5 material risk factors disclosed in DRHP
- The company derives a significant portion of its revenue from retailing mobile phones, whi…
- The company’s purchases from its top 10 suppliers stood at Rs 1,719.43 crore in FY26, acco…
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹424
Lot Size
35 shares
Issue Size
₹500 Cr
Open
16 Sept 2026
Close
18 Sept 2026
Subscription
103×
IPO Schedule
| Issue Open Date | 16 Sept 2026 |
| Issue Close Date | 18 Sept 2026 |
| Allotment Date | 21 Sept 2026 |
| Listing Date | 22 Sept 2026 |
About SS Retail
SS Retail is a multi-brand retail chain engaged in selling mobile phones, accessories, and other electronic items. The company operates across Maharashtra, Karnataka, Madhya Pradesh, Goa, and Gujarat and serves customers across metros, mini-metros, Tier I, Tier II, Tier III, and beyond cities. Its stores covered a total area of 241,365 square feet as of March 31, 2026. The company had expanded its store network from 236 stores across 109 cities as of March 31, 2024, to 503 stores across 215 cities as of March 31, 2026, including 458 in Maharashtra. The company commenced operations in Gujarat in FY27. Use of proceeds: The IPO consists of both a fresh issue and an offer for sale (OFS). Net proceeds from the OFS will go to the respective selling shareholders, while the net proceeds from the fresh issue will be utilised for the following purposes: Funding capital expenditure for setting up new stores in FY27 and FY28 — Rs 12.45 crore Part funding the incremental working capital requirements of the company — Rs 241.35 crore General corporate purposes.
Company Details
Founders / Promoters
Mr Siddharth Gunvant Shah
Founded
2016
Registrar
KARVY
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
SS Retail — IPOFins Verdict
QuantitativeDriven by QIB demand at 203.6x and moderate disclosed risk (5/10), SS Retail listed at a premium of 47.2% to its issue price. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
- As of March 31, 2026, the company operated 503 stores across 215 cities, including 458 stores in Maharashtra. As per the Knowledge Company Report, it was the 3rd largest mobile phone retail chain in I
- The company has a significant presence outside major metropolitan markets, with 90 stores in Tier II cities and 260 stores in Tier III and beyond cities as of March 31, 2026. These markets contributed
- The company operates stores through Company-Owned, Franchisee-Operated (COFO) and Franchisee-Owned, Franchisee-Operated (FOFO) models, which accounted for 62.82% and 20.48% of its total store count, r
- The company operates its ‘Mobile Exchange Wala’ brand through a shop-in-shop format for pre-owned smartphones. The number of such stores increased from 46 as of March 31, 2024, to 71 as of March 31, 2
- The company has long-term relationships with various brands, distributors, and authorised dealers for procuring mobile phones, accessories, and other electronic items. These arrangements allow it to p
Score breakdown — what drove this verdict
Moderate risk from DRHP → score +0.0
Institutional subscription → score +2.0
Strong retail interest → score +0.5
Actual listing outcome → score +1.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹424
Listing Price
₹624
Listing Gain/Loss
+47.17%
Listing Date
22 Sept 2026
Price Since Listing
Returns are measured against the ₹424 issue price.
Listing
₹624
+47.2%
Current
₹716.95
+69.1%
Want to buy this stock?
Trade SS Retail on the secondary market
FAQ
What is the price band of SS Retail IPO?
The price band is ₹424 per share with a lot size of 35 shares. Minimum investment: ₹14,840.
What does SS Retail do?
SS Retail is a multi-brand retail chain engaged in selling mobile phones, accessories, and other electronic items. The company operates across Maharashtra, Karnataka, Madhya Pradesh, Goa, and Gujarat and serves customers across metros, mini-metros, Tier I, Tier II, Tier III, and beyond cities. Its stores covered a total area of 241,365 square feet as of March 31, 2026. The company had expanded its store network from 236 stores across 109 cities as of March 31, 2024, to 503 stores across 215 cities as of March 31, 2026, including 458 in Maharashtra. The company commenced operations in Gujarat in FY27. Use of proceeds: The IPO consists of both a fresh issue and an offer for sale (OFS). Net proceeds from the OFS will go to the respective selling shareholders, while the net proceeds from the fresh issue will be utilised for the following purposes: Funding capital expenditure for setting up new stores in FY27 and FY28 — Rs 12.45 crore Part funding the incremental working capital requirements of the company — Rs 241.35 crore General corporate purposes.
Should I apply for SS Retail IPO?
SS Retail listed at ₹624 (+47.2% premium to the ₹424 issue price) after 103.0x subscription. IPOFins Score 9/10: Driven by QIB demand at 203.6x and moderate disclosed risk (5/10), SS Retail listed at a premium of 47.2% to its issue price. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
Who founded SS Retail?
SS Retail was founded by Mr Siddharth Gunvant Shah in 2016.