SS Retail IPO
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SS Retail IPO details
Schedule of SS Retail
| Issue open date | 16 Sep 2026 |
| Issue close date | 18 Sep 2026 |
| UPI mandate deadline | 18 Sep 2026 (5 PM) |
| Allotment finalization | 21 Sep 2026 |
| Refund initiation | 22 Sep 2026 |
| Share credit | 22 Sep 2026 |
| Listing date | 23 Sep 2026 |
| Mandate end date | 03 Oct 2026 |
| Lock-in end date for anchor investors (50%) | 20 Oct 2026 |
| Lock-in end date for anchor investors (remaining) | 19 Dec 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About SS Retail
SS Retail Limited operates a multi-brand retail chain specializing in mobile phones, pre-owned smartphones, accessories, and other electronic items across five Indian states. The company generates revenue primarily through the retail and wholesale distribution of mobile phones, supplemented by sales of pre-owned smartphones under its Mobile Exchange Wala brand, accessories, and other electronics like televisions, laptops, and tablets. It also earns revenue from offering ancillary services, including mobile protection plans and software. Operating through three distinct retail formats—Company Owned Company Operated, Company Owned Franchisee Operated, and Franchisee Owned Franchisee Operated—the business sources products via direct arrangements with brands and authorized distributors. SS Retail Limited primarily targets consumers in tier II, tier III, and beyond cities, relying on a strategically organized supply chain and warehouse infrastructure to manage product distribution across its retail store network.
Financials of SS Retail
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 500.75 |
| Fresh Issue – Proceeds go to the company | 360.75 |
| Offer for sale – Proceeds go to the existing investors | 140 |
Utilisation of Proceeds
| Purpose | INR crores (%) |
|---|---|
| Funding capital expenditure for fit-outs towards setting up new stores | 12.45 (3.45%) |
| Part funding of the working capital requirements of the Company | 241.35 (66.90%) |
| General Corporate Purposes | 106.95 (29.65%) |
Strengths
- Established multi-brand retail presence across tier II and III markets.
- Scalable franchise-led retail store expansion model.
- Unique pre-owned smartphone business under ‘Mobile Exchange Wala’.
- Direct sourcing network with major brands and distributors.
- Experienced promoter leadership with deep domain expertise.
Risks
- Over-reliance on mobile phone sales for the majority of revenue.
- High procurement dependence on the top 10 suppliers.
- Significant revenue concentration within Maharashtra.
- Working capital-intensive operations with high inventory needs.
- Dependency on leased properties for store operations.