SS Retail Sets IPO Price Band at 403-424

SS Retail Launches INR 500 Crore Public Offer

SS Retail Limited has officially set its price band at INR 403 to INR 424 per equity share for its upcoming mainboard initial public offering (IPO). The public issue, scheduled to open for subscription on September 16, 2026, and close on September 18, 2026, aims to raise up to INR 500.00 crores. According to official prospectus filings, the offering comprises a fresh issue of equity shares aggregating up to INR 360.00 crores and an offer for sale (OFS) component of up to INR 140.00 crores. The company specializes in multi-brand retail store operations for mobile phones and consumer electronics, with a strong market footprint spanning Tier II and Tier III cities across western and southern India.

Timeline and Allocation Structure

The book-built issue allocates not less than 35% of the net offer to retail individual investors (RIIs), at least 15% to non-institutional investors (NIIs), and not more than 50% to qualified institutional buyers (QIBs). According to the tentative schedule, the basis of allotment will be finalized on September 21, 2026, with refunds and share credits processed by September 22, 2026. Trading of equity shares is expected to commence on Wednesday, September 23, 2026, on both BSE Limited and the National Stock Exchange of India Limited (NSE). KFin Technologies Limited serves as the official registrar to the issue, while Anand Rathi Advisors Limited and Emkay Global Financial Services Limited act as the book-running lead managers.

Official Sources Section

According to official public announcements, red herring prospectus filings, and exchange disclosures, net proceeds generated from the fresh issue will be utilized to fund capital expenditures for fit-outs in new retail stores during fiscal years 2027 and 2028, alongside meeting incremental working capital requirements and general corporate purposes. Company representatives stated that the expansion strategy focuses on deepening physical retail penetration and optimizing supply chain inventories across operating regions.

Why It Matters

The IPO provides retail and institutional investors an opportunity to acquire stake in one of India's prominent mobile and electronics retail chains. For consumers and market analysts, capital raised through the public offering will support the company's aggressive store expansion and infrastructure development, enhancing retail accessibility and product availability across semi-urban and regional markets.

Key Facts at a Glance

• Price Band: INR 403 to INR 424 per equity share.

• Total Issue Size: Up to INR 500.00 crores (Fresh issue of INR 360 crores and OFS of INR 140 crores).

• Subscription Dates: Opens September 16, 2026; closes September 18, 2026.

• Listing Exchanges: BSE Limited and National Stock Exchange of India (NSE).

• Registrar: KFin Technologies Limited.

FAQ Section

• What is the price band for the SS Retail IPO? The price band has been fixed at INR 403 to INR 424 per equity share.

• When does the SS Retail IPO open for bidding? The public issue opens for subscription on September 16, 2026, and closes on September 18, 2026.

• How are the IPO proceeds intended to be utilized? Proceeds will fund store fit-outs, support incremental working capital requirements, and cover general corporate purposes.

• Where will the company's shares be listed? The equity shares will be listed on both BSE and NSE.

Source: BSE Limited, National Stock Exchange of India, Chittorgarh, SEBI