SS Retail IPO
Market Sentiment
The overall score is a weighted average of the parts below, so one weak part can sit inside a strong overall reading.
IPO Details
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 2 | Final |
|---|---|---|---|
| QIB | 0.20x | 0.23x | 214.22x |
| NII | 1.53x | 9.91x | 150.79x |
| bNII > ₹10L | 1.06x | 8.18x | 165.06x |
| sNII 2-10L | 2.45x | 13.37x | 122.24x |
| Retail | 2.20x | 7.55x | 38.26x |
| Employee | 0.32x | 0.86x | 2.84x |
| Total | 1.44x | 5.78x | 108.69x |
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
Financial Performance
| Metric | 2024 (Standalone) | 2025 (Standalone) | 2026 (Consolidated) |
|---|---|---|---|
| Revenue | 1,208.04 | 1,599.96 | 2,352.85 |
| Expense | 1,172.83 | 1,547.07 | 2,271.40 |
| Profit (PAT) | 26.65 | 39.86 | 59.28 |
| Total Assets | 278.25 | 389.44 | 575.42 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| SS Retail This IPO | 7.97 | 53.20 | 32.60 | 34.33 | - |
| Aditya Vision Limited | 9.07 | 66.29 | 18.38 | 53.26 | 2,671.62 Cr |
| Electronics Mart India Limited | 2.78 | 62.66 | 6.81 | - | 7,183.26 Cr |
| Jay Jalaram Technologies Limited | 8.59 | 14.41 | 13.74 | - | 851.82 Cr |
| Fonebox Retail Limited | 6.63 | 15.08 | 17.94 | 40.25 | 535.08 Cr |
| Bhatia Communications & Retail (India) Limited | 1.31 | 24.44 | 15.16 | 10.33 | 591.43 Cr |
| Umiya Mobile Limited | 7.09 | 8.46 | 29.32 | 46.31 | 836.10 Cr |
Promoters & Holding Pattern
Promoters: Siddharth Gunvant Shah, Deepa Siddharth Shah, Harshal Kishor Parekh, Bhavini Harshal Parekh
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 4,98,83,600 | 75.74% |
| Promoter Holding Post Issue | – | 0.00% |
Strengths & Risks
- Heavily oversubscribed — 108.7x overall (final).
- Strong institutional (QIB) demand — 214.2x.
- Revenue grew 47% in the latest reported year.
- Strong return on equity — 31%.
- Mostly fresh capital — proceeds fund the company's growth, not an exit.
- Thin profit margin — 2.5%.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About SS Retail
SS Retail, founded in June 2016, is a retail chain for mobile phones, accessories, and other electronic items. The firm sells its products under the brands ‘SS Mobile’, ‘Mobile Exchange Wala ’, and ‘The Mobile Space’ through both company-owned and franchise-operated store formats. Its product portfolio includes mobile phones, pre-owned smartphones, accessories, televisions, laptops and tablets, along with ancillary services such as mobile protection plans, EMI facilities, anti-theft software and mobile recharge services. As of 2026, SS Retail has expanded to 536 stores across Maharashtra, Karnataka, Madhya Pradesh, Goa and Gujarat, spanning approximately 2,60,597 sq. ft. Moreover, as of March 2026, SS Retail was the largest mobile phone retail chain in West India and Maharashtra and the third largest in India among its competitors.
Company Contact Information
399, E, Basant Bahar Road Ratikmal Complex Shop 6-7 Kolhapur Maharashtra
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Funding capital expenditure for Fit Outs towards setting up of new stores in Fiscal 2027 and Fiscal 2028 | 12.45 |
| Part funding of the incremental working capital requirements of Company | 416.53 |
| General Corporate Purposes | - |
Resources & Documents
Anchor Investors
SS Retail IPO - Quick Take
SS Retail has set a price band of Rs 403–Rs 424 per share for an issue size of Rs 501 crore. The stock listed with a 50.73% gain versus its issue price on September 23, 2026.
The issue is promoted by Siddharth Gunvant Shah, Deepa Siddharth Shah, Harshal Kishor Parekh, Bhavini Harshal Parekh with Anand Rathi Advisors Ltd. acting as lead manager. Anchor investors have committed Rs 146 crore ahead of the public issue — about 29% of the total issue size. Anchor allocation was completed on August 15, 2026. Net proceeds will primarily be used towards funding capital expenditure for Fit Outs towards setting up of new stores in Fiscal 2027 and Fiscal 2028 (Rs 12 crore) and part funding of the incremental working capital requirements of Company (Rs 417 crore).
At the upper end of the price band, the issue is priced at a post-issue P/E of 53.20x. On fundamentals, the company is posting revenue growth of 47.1%, a profit margin of 2.5%, return on equity of 30.6% in its most recent reported period. Listed peers in this segment include Aditya Vision Limited (P/E 66.29x) and Electronics Mart India Limited (P/E 62.66x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read strong — the composite picture tilts positive, though not without some caveats. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
SS Retail IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 37.3%. Of the 25 Mainboard IPOs we have tracked with a final GMP of 25% or more, 25 listed above, 0 flat and 0 below the issue price; SS Retail listed 50.7% above its issue price.
See the full SS Retail GMP history and trend, or learn how grey market premium works and how reliable it is.
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