SS Retail IPO

SS Retail Limited’s IPO is a mainboard public issue comprising a fresh issue of up to ?360 crore and an Offer for Sale of up to ?140 crore by the selling shareholders, aggregating to ?500 crore. The Equity Shares are proposed to be listed on the BSE and NSE, with Anand Rathi Advisors Limited and Emkay Global Financial Services Limited acting as the Book Running Lead Managers and KFin Technologies Limited as the registrar.
The Company is promoted by Siddharth Gunvant Shah, Deepa Siddharth Shah, Harshal Kishor Parekh and Bhavini Harshal Parekh. 
The proceeds from the fresh issue are proposed to be utilised towards meeting the Company’s working capital requirements, funding capital expenditure and other general corporate purposes. The Company will receive the proceeds from the Fresh Issue, while it will not receive any proceeds from the Offer for Sale.
About SS Retail Ltd.

Incorporated in June 2016, SS Retail Limited is a multi-brand retail chain for mobile phones, accessories and other electronic products, with a focus on serving customers across Tier II, Tier III and beyond cities. The Company operates across Maharashtra, Karnataka, Madhya Pradesh, Goa and Gujarat, with its retail presence spanning metro, mini-metro, Tier I, Tier II and Tier III cities.
As of March 31, 2026, the Company operated 503 stores across 215 cities, covering approximately 2,41,365 sq. ft. of retail space, including 458 stores in Maharashtra. As of July 31, 2026, its network had further increased to 536 stores across 2,60,597 sq. ft.
The Company operates through multiple brands, including its flagship ‘SS Mobile’ brand, ‘Mobile Exchange Wala’, which focuses on pre-owned smartphones, and ‘The Mobile Space’, which caters primarily to customers in Tier II and Tier III and beyond cities. The Company also operates five exclusive brand outlets in Maharashtra for retailing mobile phones of a reputed brand.
During Fiscal 2026, the Company also acquired a 51.04% stake in Olineo Nexus India Private Limited, which operates in a similar line of business and became a subsidiary of the Company. 
Its product portfolio primarily comprises mobile phones, pre-owned smartphones, accessories, televisions, laptops and tablets. The Company also provides ancillary services such as mobile protection plans, anti-theft software, financing and EMI facilities, and mobile recharge services.
The Company follows a combination of company-owned and company-operated (COCO), company-owned and franchisee-operated (COFO), and franchisee-owned and franchisee-operated (FOFO) store models. Inventory across its stores remains owned by the Company, while common store designs and formats are used to maintain consistency in its retail presence.
The Company is supported by one owned warehouse and two leased warehouses in Maharashtra, along with arrangements with multiple logistics service providers. As of March 31, 2026, the Company had 689 permanent employees.