SS Retail Files Draft Papers With SEBI For Rs 500-Crore IPO
Proceeds of the fresh issue will be used to fund capital expenditure for fit outs towards setting up of new stores in fiscal 2027 and fiscal 2028.
Mobile retail company SS Retail has filed preliminary papers with capital markets regulator Securities And Exchange Board of India to raise Rs 500 crore through its initial public offering.
The company's maiden public offering will be a combination of fresh issue of shares worth Rs 300 crore, along with an offer for sale of Rs 200 crore by promoters and other shareholders, according to the draft red herring prospectus.
As per the draft papers filed on Saturday, proceeds of the fresh issue will be used to fund capital expenditure for fit outs towards setting up of new stores in fiscal 2027 and fiscal 2028; working capital requirements; and general corporate purposes.
SS Retail is a multi-brand retail chain for mobile phones, accessories and other electronic items, with operations in four states -- Maharashtra, Karnataka, Madhya Pradesh, and Goa with focus on tier-II and tier-III cities and beyond.
As of March 31, 2025, the company operated 347 stores in India, of which 334 stores were in Maharashtra.
On the financial front, the company's revenue from operations rose to Rs 1,598 crore in fiscal 2025 from Rs 1,207 crore in FY24. Profit after tax also increased to Rs 39.86 crore in fiscal 2025 from Rs 26.65 crore in financial year 2024.
To manage the offering, Anand Rathi Advisors and Emkay Global Financial Services have been appointed as merchant bankers.
