BAJAJ FINSERV DIRECT LIMITED
IPO-Insights

SS Retail IPO Updates

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Anshika

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Learn about SS Retail Limited’s Draft Red Herring Prospectus (DRHP) filing, business operations, financial context, and the proposed utilisation of funds as outlined in public disclosures.

SS Retail Limited has filed its Draft Red Herring Prospectus with the Securities and Exchange Board of India (SEBI) as part of its plan to raise capital through an initial public offering. The DRHP outlines the company’s retail business model, operational strengths, financial performance, and the broad structure of the proposed public issue.

Surgiwear IPO Filing (DRHP)

The DRHP provides an overview of the proposed IPO and sets out the company’s financials, governance framework, and business outlook.

Filing Overview

SS Retail Limited filed its Draft Red Herring Prospectus with SEBI in December 2025, marking the formal initiation of its IPO process. The filing is currently under regulatory review, following which SEBI observations and approvals will determine the next stages, including the publication of the Red Herring Prospectus (RHP) and announcement of issue dates.

The equity shares are proposed to be listed on recognised stock exchanges in India, subject to regulatory clearances.

Issue Structure

As per the DRHP, the proposed IPO is expected to comprise the following components:

Particulars Details

Issue Type

Fresh Issue of Equity Shares and Offer for Sale (OFS)

Face Value

To be disclosed in RHP

Issue Size

To be finalised post price discovery

Proposed Listing

NSE and BSE

Price Band

To be announced in RHP

Issue Structure

Book-built issue

Offer for Sale

By existing shareholders

Fresh Issue Proceeds

To be utilised by the company

These details reflect indicative disclosures available at the DRHP stage and are subject to change based on SEBI observations and final approvals.

About the Company

SS Retail Limited operates in the organised multi-brand mobile phone and consumer electronics retail sector, engaged in the operation of retail stores selling smartphones, mobile accessories, consumer electronics, and related products. The company runs a wide network of retail outlets across multiple cities and regions in India, with a strong presence in tier-II and tier-III markets, catering to a broad customer base.

The company focuses on:

  • Multi-brand mobile phone and electronics product offerings

  • Standardised retail store formats and in-store customer experience

  • Inventory and supply chain management systems

  • Relationships with mobile handset brands, distributors, and customers
     

SS Retail’s business model is centred on organised retail expansion, scale-driven operations, and strengthening brand partnerships, supported by established retail infrastructure and trained sales personnel. The company operates in India’s growing mobile and electronics retail market, driven by rising smartphone penetration, digital adoption, and increasing consumer demand across urban and semi-urban regions.

IPO Objectives

According to the DRHP, the proceeds from the fresh issue are proposed to be utilised towards the following broad objectives:

Fund Allocation Area Purpose

Retail Store Expansion

Opening new multi-brand mobile and consumer electronics retail stores in identified growth locations

Inventory & Working Capital

Funding working capital requirements, including procurement of mobile handsets and accessories

Store Infrastructure & Fit-outs

Store interiors, fixtures, fit-outs, and refurbishment of existing retail outlets

Brand Visibility & Store Systems

Strengthening in-store systems and brand visibility across retail locations

Debt Repayment (if any)

Optimisation of capital structure

General Corporate Purposes

Administrative and strategic requirements

These objectives aim to expand retail presence, strengthen brand positioning, and support long-term growth in India’s organised retail and apparel market.

Financial Highlights

The DRHP provides an overview of SS Retail Limited’s financial performance over recent periods, reflecting its operational scale and retail expansion trajectory.

Key Financial Metrics (as disclosed in DRHP)

Fiscal Year / Period Revenue (₹ crore) EBITDA (₹ crore) Profit / (Loss) After Tax (₹ crore)

FY24

1207.00

26.65

Not publicly reported

FY25

1598.00

39.86

Not publicly reported

H1 FY26

Not disclosed in DRHP

Not disclosed in DRHP

Not disclosed in DRHP

*Detailed year-wise financial statements, including audited figures, are available in the DRHP and should be referred to for complete financial information.

SS Retail IPO Timeline Summary

The table below summarises the current status of the IPO process based on publicly available information:

Milestone / Stage Date (or Status) Details

DRHP filed with SEBI

December 2025

Draft Red Herring Prospectus submitted for regulatory review

SEBI observations

Awaited

Subject to regulatory review

SEBI approval

Awaited

Required before RHP filing

Red Herring Prospectus (RHP)

To be announced

Post SEBI observations

IPO Opening Date

To be announced

Final dates awaited

IPO Closing Date

To be announced

Will be disclosed in RHP

Allotment Date

To be announced

Post IPO closure

Credit to DEMAT Accounts

To be announced

Post allotment

Listing on NSE/BSE

To be announced

Subject to completion of formalities

Note: Investors should refer to official filings for final IPO dates to learn more about SS Retail Limited IPO listing details and price, and listing timelines.

Keep yourself updated : Check Upcoming IPO

Disclaimer

This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.

Sources

  • LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo

  • Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo 

  • Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/ 

  • NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos 

  • Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner 

FAQs

When did SS Retail Limited file its DRHP?

SS Retail Limited filed its Draft Red Herring Prospectus with the Securities and Exchange Board of India on 27 December 2025, marking the formal start of its ₹500 Crore IPO process comprising fresh issue and offer for sale.​

The SS Retail Limited IPO is currently at the Draft Red Herring Prospectus review stage, with observations from the Securities and Exchange Board of India awaited before finalising pricing and subscription dates.​

The SS Retail Limited IPO comprises a fresh issue of equity shares aggregating ₹300 Crores along with an offer for sale of ₹200 Crores by existing shareholders, with final details disclosed in the Red Herring Prospectus.​

Subject to regulatory approvals, SS Retail Limited plans to list its equity shares on both the National Stock Exchange and the Bombay Stock Exchange to enable trading and liquidity for investors.​

SS Retail Limited proposes using fresh issue proceeds for capital expenditure on new store fit-outs worth ₹12.45 Crores, incremental working capital of ₹201.55 Crores, and general corporate purposes to fuel expansion.​

The SS Retail Limited IPO offers investors exposure to India’s expanding organised mobile phone retail sector, led by the fourth-largest player in India with 376 stores across four states and strong growth in tier-II/III cities.​

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Hi! I’m Anshika
Financial Content Specialist
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Anshika brings 7+ years of experience in stock market operations, project management, and investment banking processes. She has led cross-functional initiatives and managed the delivery of digital investment portals. Backed by industry certifications, she holds a strong foundation in financial operations. With deep expertise in capital markets, she connects strategy with execution, ensuring compliance to deliver impact. 

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