Marri Retail Ltd, a fast-growing player in India’s retail sector, has officially filed its draft red herring prospectus with market regulator SEBI for an upcoming IPO. The offering will comprise a fresh issue worth 5.22 billion rupees along with an offer for sale (OFS) of 27 million shares by existing shareholders. The proceeds from the fresh issue are expected to be utilized for business expansion, debt reduction, and working capital requirements.
The IPO marks a significant milestone for Marri Retail as it seeks to capitalize on India’s booming consumer demand and strengthen its presence in the competitive retail landscape.
Key highlights from the announcement include
-
Fresh issue size of 5.22 billion rupees.
-
Offer for sale of 27 million shares by existing investors.
-
Funds to be used for expansion, debt repayment, and working capital.
-
Draft prospectus filed with SEBI for regulatory approval.
-
IPO expected to boost Marri Retail’s market visibility and growth trajectory.
Industry experts note that the IPO reflects growing investor interest in India’s retail sector, which continues to benefit from rising disposable incomes, urbanization, and digital transformation. Marri Retail’s move is expected to attract strong participation from institutional and retail investors alike.
Sources: Economic Times, Business Standard, Moneycontrol