SS Retail IPO Description – SS Retail is one of India’s fastest-growing multi-brand mobile retail chains, primarily focused on selling smartphones, accessories, and consumer electronics across tier II and tier III cities. It operates across Maharashtra, Karnataka, Madhya Pradesh, and Goa through a diversified store network under brands such as ‘SS Mobile’, ‘The Mobile Space’, and ‘Mobile Exchange Wala’. As of 31 March 2025, the company operated 347 stores across 149 cities, making it the largest mobile retail chain in West India and Maharashtra, and the 4th largest in India among peers.
The company has demonstrated aggressive expansion over the last few years, increasing its store count from 181 stores in FY2023 to 347 stores in FY2025, representing a CAGR of 38.46%, nearly double the peer average growth rate of 19.38%. By November 2025, its network further expanded to 451 stores spread across more than 2,12,000 square feet. Its flagship ‘SS Mobile’ stores contribute the majority of the network, while ‘The Mobile Space’ brand focuses on improving penetration in smaller cities through compact-format stores. The company has also entered the organized pre-owned smartphone market through its ‘Mobile Exchange Wala’ shop-in-shop format, creating an additional growth vertical. As of 31 October 2025, the company had 621 permanent employees.
Promoters of SS Retail – Siddharth Gunvant Shah, Deepa Siddharth Shah, Harshal Kishor Parekh, Bhavini Harshal Parekh
SS Retail IPO Details
| SS Retail IPO Dates | Coming soon |
| SS Retail Issue Price | Coming soon |
| Fresh Issue | INR 300 crore |
| Offer For Sale | INR 200 crore |
| Total IPO Size | INR 500 crore |
| Minimum Bid (Lot Size) | Coming soon |
| Pre-issue Shares | *** shares |
| Face Value | INR 10 per share |
| Listing On | NSE, BSE |
SS Retail IPO Allocation in Different Categories
SS Retail Financial Performance
| FY 2023 | FY 2024 | FY 2025 | Q1 FY 2026 | |
| Revenue | 832.04 | 1,206.74 | 1,597.93 | 497.64 |
| Expenses | 817.76 | 1,172.83 | 1,547.07 | 477.16 |
| Net Income | 11.51 | 26.61 | 39.67 | 14.69 |
| Margin (%) | 1.38 | 2.20 | 2.48 | 2.95 |
SS Retail Offer News
SS Retail Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 (Pre-Issue) | FY 2026* (Post-Issue) | |
| EPS | 1.78 | 4.10 | 6.13 | – |
| PE Ratio | – | – | – | – |
| Price/Sales Ratio | – | – | – | – |
| Price/Book Ratio | – | – | – | – |
| Current Ratio | 1.75 | 1.61 | 1.86 | – |
| FY 2023 | FY 2024 | FY 2025 | |
| RONW (%) | 16.73 | 30.21 | 32.82 |
| NAV | 11.52 | 15.62 | 23.92 |
| ROCE (%) | 14.51 | 20.85 | 20.50 |
| EBITDA (%) | 3.66 | 4.68 | 5.03 |
| Debt/Equity | 0.60 | 0.77 | 0.60 |
Evaluate the quality of an IPO using these essential investing ratios to make an informed decision.
SS Retail IPO Anchor Investors
SS Retail raises () from anchor investors. SS Retail Anchor bid date is ().
| Bid Date | Coming soon |
| Shares Offered | Coming soon |
| Anchor Portion (INR Cr.) | Coming soon |
| Anchor lock-in period end date for 50% shares (30 Days) | Coming soon |
| Anchor lock-in period end date for remaining shares (90 Days) | Coming soon |
SS Retail IPO GMP Today (Daily Trend)
SS Retail Offer Objectives
The company proposes to utilize net proceeds from the issue towards the following objects:
- Funding capital expenditure for Fit Outs towards setting up of new stores in Fiscal 2027 and Fiscal 2028 – INR 12.45 crore
- Part funding of the incremental working capital requirements of the company – INR 238.91 crore
- General Corporate Purposes
SS Retail IPO Subscription – Live Updates
Coming soon
() shares allotted to anchor investors are not included in these calculations.
SS Retail – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| SS Retail | – | 6.13 | 32.82 | 23.92 | 1,597.93 |
| Aditya Vision | 60.88 | 8.16 | 19.71 | 45.16 | 2.259.78 |
| Electronics Mart | 25.49 | 4.17 | 11.04 | 39.79 | 6,964.82 |
| Jay Jalaram Technologies | 29.06 | 5.33 | 13.76 | 56.21 | 667.47 |
| Fonebox Retail | 20.55 | 4.43 | 14.11 | 33.62 | 342.73 |
| Umiya Mobile | 12.48 | 5.42 | 50.79 | 13.38 | 601.17 |
SS Retail IPO Allotment Status
You can check SS Retail IPO allotment status on KFin Technologies’ website. Click on this link to get the allotment status. Often not getting IPO allotment? Learn how to improve your IPO allotment chances.
SS Retail IPO Dates & Listing Performance
| IPO Opening Date | Coming soon |
| IPO Closing Date | Coming soon |
| Finalization of Basis of Allotment | Coming soon |
| Initiation of refunds | Coming soon |
| Transfer of shares to demat accounts | Coming soon |
| SS Retail IPO Listing Date | Coming soon |
| Opening Price on NSE | Coming soon |
| Closing Price on NSE | Coming soon |
SS Mobile IPO Reviews – Subscribe or Avoid?
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Marwadi Financial –
Motilal Oswal –
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SS Retail IPO Lead Manager
ANAND RATHI ADVISORS LIMITED
11th Floor, Times Tower, Kamla City,
Senapati Bapat Marg, Lower Parel,
Mumbai – 400 013, Maharashtra, India
Tel: +91 22 4047 7000
E-mail: [email protected]
Website: www.anandrathiib.com
SS Retail Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
SS RETAIL LIMITED
399, E, Basant Bahar Road, Ratikmal Complex,
Shop 6-7, Kolhapur – 416 003, Maharashtra, India
Phone: +91 90961 91222
Email: [email protected]
Website: www.ssmobile.com
IPO Resources
How many shares in SS Retail IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in SS Retail Public Offer?
What is SS Retail IPO GMP today?
SS Retail IPO GMP today is INR NA per share.
What is SS Retail Subject to Sauda rate today?
SS Retail Subject to Sauda rate today is INR NA per application.
Krishna comes from a family of investors and financial analysts, She learnt wading through regulatory filings pretty early in her career. She has several years of experience in financial and industry analysis under her belt. At IPO Central, Krishna plays twin roles of Contributor and Head of research desk.
