SS Retail makes solid market debut

Shares of SS Retail were currently trading at Rs 618.10 at 10:25 IST on the BSE, representing a premium of 45.78% as compared with the issue price of Rs 424.

The stock debuted at Rs 639.10 on the BSE, a premium of 50.73% over its issue price.

So far, the stock has hit a high of Rs 639.10 and a low of Rs 603. On the BSE, over 16.58 lakh shares of the company were traded in the counter so far.

The initial public offer of SS Retail was subscribed 103.30 times. The issue opened for bidding on 16 September 2026 and closed on 18 September 2026. The price band of the IPO is fixed between Rs 403 and 424 per share.

The offer consisted of both a fresh issue and an offer for sale component (OFS). The fresh issue will include 84,90,566 shares, aggregating up to Rs 360.0 crore at the upper price band of Rs 424. OFS includes 33,09,693 shares of Rs 10, aggregating up to Rs 140.0 crore at upper price band of Rs 424.

The funds of Rs 14.53 crore will be used towards the capital expenditure for setting up of new stores in Fiscal 2027 and Fiscal 2028. The company intends to open 120 new stores each in FY2027 and FY2028, of which the company has opened 33 new stores from April 1, 2026, to July 31, 2026. Rs 241.35 crore towards part funding of the incremental working capital requirements and the balance to be used for general corporate purposes.

Ahead of the IPO, SS Retail, on 15 September 2026, raised Rs 146.39 crore from anchor investors. The board allotted 34.52 crore shares at Rs 424 each to 22 anchor investors.

SS Retail is a multi-brand retail chain for mobile phones, accessories and other electronic items, with operations across Maharashtra, Karnataka, Madhya Pradesh, Goa and Gujarat. The company also operates 5 smartphone cafes,' which are exclusive brand outlets (EBOs) in Maharashtra, 2 of which are located in Kolhapur, 2 in Pune and 1 in Sangli, for retailing mobile phones of a reputed brand.

The company operates under its proprietary brands SS Mobile,' Mobile Exchange Wala,' and The Mobile Space through a combination of company-owned and franchisee-operated store formats. Its product portfolio includes mobile phones, pre-owned smartphones, accessories, televisions, laptops and tablets, along with ancillary services such as mobile protection plans, EMI facilities, anti-theft software and mobile recharge services.

The firm reported a consolidated net profit of Rs 59.28 crore and sales of Rs 2,351.03 crore for the twelve months ended on 31 March 2026.

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