SS Retail Ltd

·

₹424.00 Issue Price

2026-09-16 – 2026-09-18

www.ssmobile.com Bookbuilding IPO · NSE & BSE

Open Date

2026-09-16

Close Date

2026-09-18

Listing Date

2026-09-23

Allotment Date

2026-09-21

Current Price

₹424.00

High / Low

₹— / ₹—

ROCE

29.30 %

ROE

30.60 %

Face Value

₹10

About

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…

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 StrengthsLarge 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.

📍 399, E, Basant Bahar Road Ratikmal Complex Shop 6-7 Kolhapur, Maharashtra, 41600…

📞 +91 90961 91222

✉️ compliance@ssmobile.com

Analysis

Pros

ROE of 30.60% indicates good return on equity.
ROCE of 29.30% shows efficient capital usage.
PAT margin of 2.52%.

Cons

Trading at 12.4× book value.

Pros and cons are machine generated. Please exercise caution and do your own analysis.

Subscription Status

Consolidated figures

0.86× overall

Metric	QIB	NII (HNI)	Retail	Total
Subscription	0.00×	0.76×	1.45×	0.86×
Shares	23,01,886	17,26,415	40,28,301	83,57,354
Bids	5,250	13,12,255	58,39,995	72,18,750

▼ Category-wise Detailed Breakdown

Category	Subscription	Offered	Bid Shares	Amt (₹ Cr)
QIB	0.00×	23,01,886	5,250	₹0.22
NII (HNI)	0.76×	17,26,415	13,12,255	₹55.64
Retail	1.45×	40,28,301	58,39,995	₹247.62
Employees	-	3,00,752	—	₹12.75
Market Maker	1.00×	—	—	—
Total	0.86×	83,57,354	72,18,750	₹316.23 Cr

Applications: - Total Bid Amount: ₹316.23 Cr

Profit & Loss

Figures in ₹ Crores / Amount in ₹ Crore

Metric	31 Mar 2026	31 Mar 2025	31 Mar 2024
Revenue	2,352.85	1,599.96	1,208.04
EBITDA	125.15	80.44	56.50
Profit After Tax	59.28	39.86	26.65
Net Worth	225.71	141.37	101.51
Total Assets	575.42	389.44	278.25
Reserves	159.59	128.18	88.52
Borrowings	162.59	125.36	110.43

Sales Growth
3 Years:	-48.7%
Latest:	1,208.04 Cr

Profit Growth
3 Years:	-55%
Latest PAT:	26.65 Cr

Return on Equity
ROE:	30.60%
ROCE:	29.30%

Key Financial Ratios

Profitability

ROE 30.60%

ROCE 29.30%

RONW 32.60%

PAT Margin 2.52%

EBITDA Margin 5.32%

Valuation

Pre EPS 9.00

Post EPS 7.97

Pre P/E 47.11×

Post P/E 53.2×

P/BV 12.35×

Leverage & Growth

Debt / Equity 0.70×

Sales Growth (3yr) -48.7%

Profit Growth (3yr) -55%

Latest Revenue 1,208.04 Cr

Latest PAT 26.65 Cr

Objects of the Issue

1 Funding capital expenditure for Fit Outs towards setting up of new stores in Fiscal 2027 and Fiscal 2028 ₹12.45 Cr

2 Part funding of the incremental working capital requirements of Company ₹416.53 Cr

3 General Corporate Purposes

IPO Schedule & Important Dates

IPO Open

2026-09-16

Today ←

IPO Close

2026-09-18

Upcoming

Allotment

2026-09-21

Upcoming

Refund

2026-09-22

Upcoming

Demat Credit

2026-09-22

Upcoming

Listing

2026-09-23

Upcoming

Lot Size & Investment Details

RETAIL MIN

₹14,840

1 lot · 35 shares

RETAIL MAX

₹14,840

1 lots · 35 shares

HNI MIN

₹1,009,120

68 lots

Category	Lots	Shares	Amount (₹)
Retail (Min)	35	35	₹14,840
Retail (Max)	1	35	₹14,840
HNI (Min)	68	2380	₹1,009,120

Pre-Issue Holding: 6,58,63,500 shares Post-Issue Holding: 7,43,71,798 shares

Lead Managers & Market Makers

Book Running Lead Managers

Anand Rathi Advisors Ltd Emkay Global Financial Services Ltd

Allotment Status

Allotment Date: 2026-09-21

Registrar: Kfin Technologies Ltd

Check Allotment

040-79615565

ssretail.ipo@kfintech.com

https://ipostatus.kfintech.com/