SS Retail Limited
Promoters Siddharth Gunvant Shah · Harshal Kishor Parekh · Deepa Siddharth Shah · Bhavini Harshal Parekh
SS Retail Limited raised ₹500 crore through a mainboard initial public offer.
The filing places it in Retailing and names four promoters: Siddharth Gunvant Shah, Harshal Kishor Parekh, Deepa Siddharth Shah and Bhavini Harshal Parekh.
The book was open from 16 September 2026 to 18 September 2026.
The price band was ₹403 to ₹424 a share, and the minimum lot is 35 shares — ₹14,840 at the top of the band.
As of the exchange's 18-Sep-2026 19:00:00 update the book was subscribed 103.3 times the shares on offer, counting bids on NSE and BSE together.
Against their reserved portions: qualified institutional buyers 203.61 times, non-institutional investors 143.32 times, retail investors 36.36 times and employees 2.69 times. Those portions add up to the whole offer; the sub-categories below each one are already counted inside it.
13.57 crore shares were bid at cut-off — applications that accept whatever price the issue is finally set at rather than naming one.
- How it was priced
- Book-built — the price was discovered inside a band from the bids received
- Listing sought at
- BSE And NSE
- Registered office
- Western India
- Company website
- www.ssmobile.com
- Registrar
- KFin Technologies Limited
- Lead managers
- Anand Rathi Advisors Limited
- Emkay Global Financial Services Limited
| Category | Lots | Shares | Amount |
|---|---|---|---|
Retail Individuals bidding up to ₹2 lakh | 1 – 13 | 35 – 455 | ₹14,840 – ₹1,92,920 |
Small NII Non-institutional bids of ₹2 lakh to ₹10 lakh | 14 – 67 | 490 – 2,345 | ₹2,07,760 – ₹9,94,280 |
Big NII Non-institutional bids above ₹10 lakh | 68+ | 2,380+ | ₹10,09,120+ |
Bids move in whole lots of 35 shares. The category boundaries are SEBI’s, set by the value of the application — ₹2 lakh divides retail from non-institutional, and ₹10 lakh divides the two non-institutional pools. The lot counts above are those limits converted at ₹424, not a figure the exchange publishes.
- Bidding opens16 Sept 2026
- Bidding closes18 Sept 2026
- Basis of allotmentnot published
Not published in the exchange feeds we ingest — we do not estimate it.
- Listingnot published
Investors have bid for 103.30 times the shares on offer. Each category below has its own reserved portion, and those portions add up to the whole offer.
Bids placed on NSE alone, excluding BSE. It is smaller than the 103.30x headline above and the two must never be compared or added together.
Every bid names a price, or accepts whatever the final price turns out to be. This shows how many shares have been bid for at each price or above it — so the bar at the top of the band counts only the bids willing to pay it.
The columns are near-identical because they are: demand falls only 0.03% between ₹403 and ₹424, so almost every bid was willing to pay the top of the band. The axis starts at zero — the flatness is the finding, not a missing scale.
These accept whatever price the issue is finally set at, so they have no place on the price axis and are not in the chart.
How much of the demand falls away between the bottom and the top of the band.
Cumulative shares bid at or above each price in the band, from the exchange's own demand schedule. Bids placed at cut-off carry no price and are counted separately.
We have not extracted an anchor allotment list for this issue.
Every offer document must set out the reasoning behind its own price: what the company earned in the years before it came to market, and what multiple of those earnings it is asking for. This is that chapter — the issuer’s argument for its price, not our assessment of it.
Figures as printed in the offer document's "Basis for Offer Price" chapter. A record of the case the issuer made for its own price, not our valuation of it.
Restated figures the issuer is required to publish in its offer document, covering the years before it came to market.
| Line | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Net cash flow from/(used in) financing(₹ million) | 400.52 | 71.74 | 18.09 |
| Net cash flow from/(used in) investing(₹ million) | -135.6 | -110.56 | -307.11 |
| Net cash flow from/(used in) operating(₹ million) | -49.25 | 14.17 | 325.22 |
| EBITDA (₹ in million)(₹ million) | 565.02 | 804.41 | 1,251.49 |
| Equity Share capital(₹ million) | 130 | 130 | 658.64 |
| Net Asset Value per Equity Share (in ₹)(₹ per share) | 15.62 | 23.92 | 34.33 |
| Net worth(₹ million) | 1,015.08 | 1,413.69 | 2,257.07 |
| Revenue from operations(₹ million) | 12,067.43 | 15,979.31 | 23,510.31 |
| Return on Net Worth (%)(%) | 30.21 | 32.82 | 32.6 |
| Total Borrowings(₹ million) | 1,104.32 | 1,253.64 | 1,625.91 |
| Total income(₹ million) | 12,080.43 | 15,999.61 | 23,528.54 |
Figures as filed by the issuer in its offer document.
What the company says it will do with the money it raises. Only the fresh-issue portion reaches the company; anything raised through an offer for sale goes to the shareholders selling.
- Funding capital expenditure for Fit Outs towards setting up of new stores124.53₹ million
- Part funding of the incremental working capital requirements of our2,413.47₹ million
- General corporate purposes—
Figures as filed by the issuer in its offer document.
The offer document must name the listed companies the issuer considers comparable, and print their valuation figures beside its own. This is that list — the issuer’s choice of comparison, not ours.
| Company | P/E | P/B | RoNW | EPS | Income |
|---|---|---|---|---|---|
| Aditya Vision Limited | 66.3 | — | 18.4% | 9.07 | — |
| Bhatia Communications & Retail (India) Limitednot in our universe | 24.4 | — | 15.2% | 1.31 | — |
| Electronics Mart India Limited | 62.7 | — | 6.8% | 2.78 | — |
| Fonebox Retail Limited | 15.1 | — | 17.9% | 6.63 | — |
| Jay Jalaram Technologies Limited | 14.4 | — | 13.7% | 8.59 | — |
| Umiya Mobile Limitednot in our universe | 8.5 | — | 29.3% | 7.09 | — |
The issuer's own figures as printed at the head of the same table — its claim about itself, on the same basis as its claims about the companies below.
Figures as PRINTED by the issuer in its own offer document. The comparison set is the issuer's choice, not ours.
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Anand Rathi Advisors Limited 2021 – 2026 | 5 1 measurable | +23.6% | — | — | — |
Emkay Global Financial Services Limited 2022 – 2026 | 8 3 measurable | +9.8% | 1 of 2 | — | — |
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Kfin Technologies Limited 2021 – 2026 | 125 30 measurable | +7.9% | 8 of 17 | 2 of 5 | 2 of 5 |
A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.
- Red herring prospectus (RHP)· ZIP · exchange archive
- Draft red herring prospectus (DRHP)· PDF · exchange archive27 Dec 2025
- Abridged prospectus· PDF · exchange archive9 Sept 2026
- Anchor investor allotment· ZIP · exchange archivePARSE_FAILED
- Financial ratios advertisement· ZIP · exchange archive
- In-principle approval (XBRL)· XML · exchange archive
Filed with SEBI and the exchanges by the issuer. These are the source for every figure on this page.
Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.