SS Retail
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SS Retail
Price 403 to 424
GMP Rumors ₹145
Lot size 35
Issue size ₹500.75 Cr
Allotment 21-09-2026
Refund 22-09-2026
Listing 23-09-2026
Stars
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Allotment Status https://ipostatus.kfintech.com/
Video https://youtube.com/shorts/EyLPjM_6H5I?si=Xm8c_0tdd-par5Mn
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About

BSE List Price :

NSE List Price :

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Category Times
QIBs 214.22x
HNIs 150.79x
Retail 38.26x
Total : 108.69x

IPO Market Lot(s) Distribution

Application Lot Size Shares Amount
Retail Minimum 1 35 ₹14,840
Retail Maximum 13 455 ₹192,920
S-HNI Minimum 14 490 ₹207,760
S-HNI Maximum 67 2,345 ₹994,280
B-HNI Minimum 68 2,380 ₹1,009,120

About the Company

SS Retail, established in June 2016, operates as a retail chain specialising in mobile phones, accessories and other electronic products. The company markets its products under the brands ‘SS Mobile’, ‘Mobile Exchange Wala’ and ‘The Mobile Space’ through a combination of company-owned and franchise-operated stores. Its product range comprises mobile phones, pre-owned smartphones, accessories, televisions, laptops and tablets. In addition, the company offers ancillary services such as mobile protection plans, EMI facilities, anti-theft software and mobile recharge services.

As of 2026, SS Retail has expanded its retail network to 536 stores across Maharashtra, Karnataka, Madhya Pradesh, Goa and Gujarat, covering an aggregate area of approximately 2,60,597 sq. ft. Further, as of March 2026, the company was the largest mobile phone retail chain in West India and Maharashtra and ranked third in India among its competitors.

Company Financial Report

Amount ₹ in Crores
Period Ended Revenue Expense PAT Assets
2024 (Standalone) ₹1208.04 ₹1172.83 ₹26.65 ₹278.25
2025 (Standalone) ₹1599.96 ₹1547.07 ₹39.86 ₹389.44
2026 (Consolidated) ₹2352.85 ₹2271.40 ₹59.28 ₹575.42

Company Promoter

Siddharth Gunvant Shah

Deepa Siddharth Shah

Harshal Kishor Parekh

Bhavini Harshal Parekh

Know before investing

  • • Strengths

    Large & Growing Store Network: SS Retail has developed an extensive and rapidly growing retail network across various states and cities. As of July 31, 2026, its network had expanded to 536 stores, enabling the company to maintain a wide physical presence across regional markets.

    Established Presence in Tier II & Tier III Cities: The company has a significant presence in Tier II, Tier III and smaller cities, with a focus on expanding its retail footprint across these markets. This regional reach enables SS Retail to serve customers beyond the major metropolitan areas.

  • • Risks

    High Dependence on Mobile Phone Sales: Mobile phone retailing contributed 86.18%, 87.58% and 88.31% of revenue from operations in Fiscal 2026, 2025 and 2024, respectively. Any slowdown in the mobile phone industry or decline in consumers’ purchasing capacity may adversely impact the company’s business operations and financial performance.

    Independent Director – Exposure to Securities Law Obligations: One of the company’s Independent Directors, Asit Chimanlal Mehta, is associated with entities linked to the securities market and may consequently be subject to stringent regulatory requirements under applicable securities laws. Any non-compliance with these requirements could lead to regulatory proceedings or adverse orders, which may affect his reputation and, consequently, the company’s reputation, business operations and future prospects.

Objects of the Issue & Utilisation of proceeds

Funding capital expenditure for Fit Outs towards setting up of new stores in Fiscal 2027 and Fiscal 2028.

Part funding of the incremental working capital requirements of Company.

General Corporate Purposes.

Company  Address

SS Retail Ltd.
399, E, Basant Bahar Road
Ratikmal Complex
Shop 6-7
Kolhapur, Maharashtra, 416003
Phone: +91 90961 91222
Email: compliance@ssmobile.com
Website: https://www.ssmobile.com/

IPO Registrar

Kfin Technologies Ltd.
Phone: 040-79615565
Email: ssretail.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/

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