SS Retail IPO Opens Sept 16: SS Retail is set to launch its ₹500.75 crore initial public offering (IPO) on September 16, 2026, giving investors an opportunity to participate in the public issue of the multi-brand mobile and electronics retailer.
The SS Retail IPO price band has been fixed at ₹403 to ₹424 per share, while investors can bid for a minimum lot of 35 shares. The public issue is scheduled to close on September 18, with the company’s shares expected to list on the BSE and NSE on September 23, 2026.
Here are the important details investors should know before the IPO opens.
🔥 SS Retail IPO: Key Highlights
- IPO size: ₹500.75 crore
- IPO opening date: September 16, 2026
- IPO closing date: September 18, 2026
- Anchor investor bidding: September 15, 2026
- Price band: ₹403–₹424 per share
- Lot size: 35 shares
- Minimum investment at upper price band: ₹14,840
- Fresh issue: ₹360.75 crore
- Offer for Sale (OFS): ₹140 crore
- Expected allotment: September 21, 2026
- Expected listing date: September 23, 2026
- Listing exchanges: BSE and NSE
📅 SS Retail IPO Dates and Timeline
The anchor investor bidding is scheduled for September 15, 2026, a day before the IPO opens to other eligible investors.
Public bidding will begin on September 16 and remain open until September 18, 2026.
The basis of allotment is expected to be finalised on September 21, followed by refunds and the credit of shares to eligible investors’ demat accounts on September 22.
SS Retail shares are scheduled to make their stock market debut on September 23, 2026, subject to the completion of the listing process.
| IPO Event | Date |
|---|---|
| Anchor Investor Bidding | September 15, 2026 |
| IPO Opens | September 16, 2026 |
| IPO Closes | September 18, 2026 |
| Basis of Allotment | September 21, 2026 |
| Refunds/Share Credit | September 22, 2026 |
| BSE & NSE Listing | September 23, 2026 |
💰 SS Retail IPO Price Band and Lot Size
SS Retail has fixed its IPO price band at ₹403 to ₹424 per equity share.
Investors must apply for at least 35 shares and can place bids in multiples of 35 shares thereafter.
At the upper end of the price band of ₹424, one lot will require an investment of:
35 shares × ₹424 = ₹14,840
Therefore, the minimum investment required for a retail investor applying at the upper price band is ₹14,840.
📊 SS Retail IPO Issue Size: Fresh Issue and OFS Explained
The IPO has a total issue size of approximately ₹500.75 crore.
It consists of two components.
The company will issue approximately 85.08 lakh fresh equity shares worth ₹360.75 crore.
In addition, approximately 33.02 lakh shares worth ₹140 crore will be offered through an Offer for Sale (OFS).
Unlike money raised through a fresh issue, proceeds from shares sold through the OFS go to the selling shareholders rather than directly to the company.
The selling shareholders include promoters Siddharth Gunvant Shah, Deepa Siddharth Shah, Harshal Kishor Parekh and Bhavini Harshal Parekh, along with shareholder Rakhi Narendra Firodia.
👥 SS Retail IPO Investor Reservation
The IPO has allocations for different categories of investors.
Around 50% of the offer is reserved for Qualified Institutional Buyers (QIBs), while 35% is allocated to retail individual investors and 15% to non-institutional investors (NIIs), subject to the terms specified in the offer documents.
This means retail investors have access to a substantial portion of the public offering.
🏢 What Does SS Retail Do?
SS Retail is a multi-brand retail chain specialising in mobile phones, accessories and other electronic products.
The company has operations across Maharashtra, Karnataka, Madhya Pradesh, Goa and Gujarat, with a significant focus on Tier II, Tier III and smaller cities.
Its retail network operates under proprietary brands including:
SS Mobile, Mobile Exchange Wala and The Mobile Space.
The company uses a mix of company-operated and franchise-led retail models to expand its physical store network.
📱 What Products Does SS Retail Sell?
Although smartphones form a major part of its business, SS Retail’s product portfolio extends beyond mobile phones.
The retailer sells mobile phones, pre-owned smartphones, mobile accessories, televisions, laptops, tablets and other electronics.
It also provides associated services such as mobile protection plans, EMI facilities, anti-theft solutions and mobile recharge services.
This combination allows SS Retail to generate business from both device sales and related services.
📈 SS Retail Financial Performance
SS Retail reported strong growth in FY2025-26.
Total income increased to ₹2,352.85 crore in FY26, compared with ₹1,599.96 crore in FY25.
Profit after tax (PAT) climbed to ₹59.28 crore, compared with ₹39.86 crore in the previous financial year.
| Financial Metric | FY26 | FY25 |
|---|---|---|
| Total Income | ₹2,352.85 crore | ₹1,599.96 crore |
| Profit After Tax | ₹59.28 crore | ₹39.86 crore |
| EBITDA | ₹125.15 crore | ₹80.44 crore |
| Total Borrowings | ₹162.59 crore | ₹125.36 crore |
Based on these figures, total income increased by roughly 47% year-on-year, while profit after tax rose by about 49%.
The growth indicates a significant expansion in the company’s business, although investors should also consider its borrowings, margins, competitive environment and IPO valuation before making an investment decision.
💵 How Will SS Retail Use the IPO Money?
The fresh issue proceeds are intended to support the company’s expansion and operational requirements.
A portion of the proceeds will be used to fund capital expenditure for fit-outs required for setting up new stores during FY2027 and FY2028.
The company also intends to use funds toward its incremental working capital requirements.
The remaining proceeds will be available for general corporate purposes, subject to the conditions disclosed in the offer documents.
It is important to note that SS Retail will receive proceeds from the fresh issue, while proceeds from the ₹140 crore OFS will go to the respective selling shareholders after applicable expenses.
🏦 Who Are the Lead Managers and Registrar?
Anand Rathi Advisors Limited and Emkay Global Financial Services Limited are the book-running lead managers to the SS Retail IPO.
KFin Technologies Limited is the registrar to the issue.
The registrar will handle processes including IPO applications, allotment-related records and refunds in accordance with applicable procedures.
⚠️ Key Things Investors Should Know
SS Retail has demonstrated strong growth in both income and profit, while its expansion into Tier II, Tier III and smaller markets provides the company with access to growing demand outside India’s largest metropolitan areas.
However, investors should not evaluate an IPO solely on revenue and profit growth.
SS Retail remains significantly exposed to the mobile phone retail business. Investors should examine factors such as competition, margins, debt, working-capital requirements, expansion execution and the valuation sought through the IPO.
IPO investments carry market risks, and listing gains are never guaranteed.
❓ SS Retail IPO FAQs
When will the SS Retail IPO open?
The SS Retail IPO is scheduled to open for public subscription on September 16, 2026.
When will the SS Retail IPO close?
The public issue is scheduled to close on September 18, 2026.
What is the SS Retail IPO price band?
The IPO price band has been fixed at ₹403 to ₹424 per equity share.
What is the SS Retail IPO lot size?
The minimum lot size is 35 shares. At the upper price band of ₹424, one lot costs ₹14,840.
What is the SS Retail IPO issue size?
SS Retail plans to raise approximately ₹500.75 crore, comprising a ₹360.75 crore fresh issue and a ₹140 crore Offer for Sale.
When is the SS Retail IPO allotment date?
The basis of allotment is expected to be finalised on September 21, 2026.
When will SS Retail shares list?
SS Retail shares are scheduled to list on the BSE and NSE on September 23, 2026, subject to the completion of the listing process.
🔎 Final Takeaway
The SS Retail IPO will be one of the upcoming mainboard issues to watch, with bidding scheduled from September 16 to September 18, 2026.
The ₹500.75 crore IPO has a ₹403–₹424 price band, and retail investors can apply for a minimum of 35 shares, requiring ₹14,840 at the upper end of the band.
With total income of ₹2,352.85 crore and PAT of ₹59.28 crore in FY26, the company has recorded substantial year-on-year growth. Investors, however, should assess the company’s valuation, debt, business concentration, competitive position and offer documents before deciding whether to participate.
Disclaimer: This article is for informational and educational purposes only and should not be considered investment advice. Investors should read the Red Herring Prospectus and consult a qualified financial adviser before making investment decisions.
