IPO
Mobile phones seller SS Retail’s Rs.500-Cr IPO subscribed 103 times
The initial public offering (IPO) of Kolhapur, Maharashtra-headquartered SS Retail was subscribed 103.30 times. Qualified Institutional Buyers (QIBs) booked the issue 203.61 times. The Non-Institutional Investors' (NIIs) category was subscribed 143.32 times. Retail investors booked their quota 36.36 times.SS Retail IPO is a book build issue of INR 500 crore. The issue is a combination of a fresh issue of 85.08 lakh shares aggregating to INR 360 crore and offer for sale of 33.02 lakh shares worth INR 140 crore. The issue price band is set between INR 403 and INR 424 per share. Anand Rathi Advisors was the book running lead manager to the issue.For FY26, SS Retail reported an income of INR 2,352.85 crore, compared with INR 1,599.96 crore in FY25. Profit after tax (PAT) went up to INR 59.28 crore, from INR 39.86 crore in the previous year.Incorporated in June 2016, SS Retail is a multi-brand retail chain for mobile phones, accessories and other electronic items. As of March 31, it operated 503 stores across 215 cities. The firm would use the proceeds for funding capital expenditure for the setting up of new stores in Fiscal 2027 and Fiscal 2028 and for working capital needs.
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