SS Retail opens ₹500 crore IPO to fund working capital and store expansion
Mobile-phone retailer SS Retail has opened its ₹500 crore IPO, comprising a ₹360.75 crore fresh issue and ₹140 crore offer for sale. The company operates 503 stores, including 458 in Maharashtra, and plans to use ₹241.3 crore for working capital and ₹12.4 crore for new stores in FY27–FY28.
What happened
Mobile-phone retailer SS Retail opens its ₹500 crore IPO, with proceeds mainly earmarked for working capital and new stores. The chain operates 503 Indian
Key facts
- ₹500 crore IPO
- Price band ₹403-424 per share
- Fresh issue ₹360.75 crore
- Offer for sale ₹140 crore
- ₹241.3 crore for working capital
What changed
Mobile-phone retailer SS Retail opens its ₹500 crore IPO, with proceeds mainly earmarked for working capital and new stores. The chain operates 503 Indian stores across five western and central states and reported FY26 revenue of ₹2,351 crore and profit of ₹59.2 crore.
Why this matters
SS Retail’s IPO provides working-capital support and modest store-expansion funding, but execution will hinge on scaling beyond its Maharashtra-heavy 503-store footprint.
What to watch
- IPO subscription quality, anchor participation, pricing versus peers and post-listing performance.
- Quarterly inventory days, operating cash flow and working-capital intensity following the fresh issue.
- Store-opening cadence, capex per store and sales productivity of new outlets.
- Same-store sales growth during festive periods and major Apple, Samsung, Xiaomi and Vivo launch cycles.
- Geographic diversification beyond Maharashtra and evidence of cannibalization in existing clusters.