SSRETAIL · NSE,BSE · Diversified Retail
SS Retail IPO listed on 23 Sep 2026 on NSE,BSE at ₹624.00, a gain of 47.17% over the issue price of ₹424.00. The IPO was subscribed 107.41x overall.
SS Retail IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 16 Sep 2026 |
| IPO Close Date | 18 Sep 2026 |
| Basis of Allotment | 21 Sep 2026 |
| Initiation of Refunds | 22 Sep 2026 |
| Credit of Shares to Demat | 22 Sep 2026 |
| Listing Date | 23 Sep 2026 |
Listing day gain
+47.17%
Listed at ₹624 (issue ₹424)
Issue
₹424
Listing
₹624
Current
₹748.8
+76.6% vs issue
Day range
₹603.05 – ₹748.8
Issue Size
11,810,182 shares
(aggregating up to ₹500.00 Cr)
Issue Price
₹403 – ₹424
Face Value
₹10/share
Market Lot
35 shares
Retail Min Investment
₹14,840
Listing At
NSE,BSE
Sale Type
both
Fresh Issue
8,508,298 shares
(aggregating up to ₹360 Cr)
Offer for Sale
3,301,884 shares
(aggregating up to ₹140 Cr)
Employee Discount
₹25
Issue Type
book building
Open Date
16 Sep
Close Date
18 Sep
Allotment
21 Sep
Listing
23 Sep
Last updated: 1 week ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 22 Sep 2026 Latest | ₹424 | ₹150 | ₹574 | ₹150 |
35.38%
|
8:47 PM |
| 22 Sep 2026 | ₹424 | ₹152 | ₹576 | ₹152 |
35.85%
|
8:17 PM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 18 Sep 2026
| Category | Subscribed (x) |
|---|---|
| QIB | 214.22x |
| NII | 150.33x |
| bNII (bids above ₹10L) | 165.06x |
| sNII (bids below ₹10L) | 120.85x |
| Retail Investors | 35.81x |
| Employees | 2.72x |
| Total | 107.41x |
Showing the latest subscription snapshot.
View full subscription historySiddharth Gunvant Shah, Deepa Siddharth Shah, Harshal Kishor Parekh and Bhavini Harshal Parekh are the promoters of the Company.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹14,840 |
| Retail (Max) | 13 | 455 | ₹192,920 |
| S-HNI (Min) | 14 | 490 | ₹207,760 |
| S-HNI (Max) | 67 | 2,345 | ₹994,280 |
| B-HNI (Min) | 68 | 2,380 | ₹1,009,120 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 5,754,715 (48.73%) |
|
•
Anchor Investor Shares Offered
|
3,452,829 (29.24%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
2,301,886 (19.49%) |
| NII (HNI) Shares Offered | 1,726,414 (14.61%) |
|
•
bNII > ₹10L
|
1,150,943 (9.74%) |
|
•
sNII < ₹10L
|
575,471 (4.87%) |
| Retail Shares Offered | 4,028,301 (34.11%) |
| Employees Shares Offered | 300,752 (2.55%) |
| Total Shares Offered | 11,810,182 (100.00%) |
p>SS Retail Limited was originally incorporated as SS Communication & Services Private Limited on June 14, 2016, in Kolhapur, Maharashtra, was renamed SS Retail Private Limited in July 2025, and converted into a public limited company in September 2025. It is headquartered in Kolhapur, Maharashtra, and works in the electronics and mobile phone retail sector.
The company operates a multi-brand retail chain selling mobile phones, audio accessories, televisions, laptops and tablets, with a focus on Tier-II cities. According to the Knowledge Company Report (formerly Technopak Advisors), it is the largest mobile phone retail chain in West India and the fourth-largest in India among its peers. The company currently operates across four states, Maharashtra, Karnataka, Madhya Pradesh and Goa. It is promoted by Siddharth Gunvant Shah, Deepa Siddharth Shah, Harshal Kishor Parekh and Bhavini Harshal Parekh, with Siddharth Gunvant Shah serving as Chairman and Managing Director.
This is a mainboard IPO, proposed to be listed on the BSE and NSE. The issue comprises a fresh issue of equity shares aggregating up to Rs 300 crore, along with an offer for sale of up to Rs 200 crore by existing shareholders including the promoters and Rakhi Narendra Firodia, taking the total issue size to about Rs 500 crore. The company may also consider a pre-IPO placement of up to Rs 60 crore, which would form part of the fresh issue and reduce its size correspondingly. Anand Rathi Advisors Limited and Emkay Global Financial Services Limited are the book running lead managers, and KFin Technologies Limited is the registrar of the issue.
Standalone · ₹ in Crores
| Particulars | FY Mar 2024 | FY Mar 2025 | FY Mar 2026 |
|---|---|---|---|
| Total Revenue | 1,208.04 | 1,599.96 | 2,352.85 |
| Profit After Tax (PAT) | 26.65 | 39.86 | 59.28 |
| EBITDA | 56.5 | 80.44 | 125.15 |
| Total Assets | 278.25 | 389.44 | 575.42 |
| Net Worth | 101.51 | 141.37 | 225.71 |
| Reserves & Surplus | 88.52 | 143.18 | 159.59 |
| Total Borrowing | 110.43 | 125.36 | 162.59 |
Revenue & Profit Trend
Key ratios per fiscal period
| Particulars | Mar 2026 |
|---|---|
| RoE Return on Equity Shows how much profit the company makes on the money shareholders have put in. 15% to 20% is healthy in most industries. | 30.6% |
| RoCE Return on Capital Employed Shows the profit earned on all the money used, shareholder funds plus loans. Matters most for factory and infrastructure heavy companies. | 29.3% |
| RoNW Return on Net Worth Shows the profit earned on the company's own net worth. Steady or rising over 3 years is a good sign. | 32.6% |
| PAT Margin Profit After Tax Margin Out of every ₹100 of sales, how much the company keeps after paying all costs, loan interest and tax. | 2.52% |
| EBITDA Margin Earnings Before Interest, Tax, Depreciation and Amortisation Margin Profit from the main business as a share of sales, before loan interest and tax. Compare it with other companies in the same industry. | 5.32% |
| Debt / Equity Debt to Equity How much the company has borrowed against what shareholders own. Above 1x means the loans are bigger than shareholder funds. | 0.7x |
| P/BV Price to Book Value Tells you if the IPO price is above what the company actually owns. 1x to 3x is usually seen as reasonable. | 12.35x |
Issue-level · at the upper price band
| Particulars | Pre-IPO | Post-IPO |
|---|---|---|
| EPS Earnings Per Share Profit the company earns on each share. Post-IPO EPS is usually lower because the issue adds new shares. | ₹9 | ₹7.97 |
| P/E Price to Earnings Tells you if the IPO price is fair for what the company earns. Compare it with listed companies in the same sector. | 47.11x | 53.2x |
| Market Cap Market Capitalisation What the whole company is valued at, at the upper price band. Post-IPO counts the new shares the issue creates. | ₹2,793 Cr | ₹3,153 Cr |
The basis of allotment for SS Retail IPO was finalised on 21 Sep 2026. You can check your allotment status using your PAN number or application number on the KFin Technologies Limited portal or BSE.
The SS Retail IPO is expected to open in Sep 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for SS Retail IPO is ₹403.00 - ₹424.00 per share.
As per market sources, SS Retail IPO GMP is currently ₹150.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for SS Retail IPO stands at 107.41x overall.
The listing date for SS Retail IPO is 23 Sep 2026.
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