SS Retail IPO 2026: Check Price, Lot Size, Dates and Allotment

SS Retail’s initial public offering opened for subscription on September 16 and will remain open until September 18, giving investors three days to bid for shares of the multi-brand mobile and electronics retailer.

The mainboard IPO has a total issue size of ₹500 crore, comprising a fresh issue of up to ₹360 crore and an offer for sale (OFS) of up to ₹140 crore. The price band has been fixed at ₹403 to ₹424 per equity share, while the minimum application size is 35 shares. At the upper end of the price band, one lot requires an investment of ₹14,840.

The shares are proposed to be listed on both the BSE and NSE, with September 23 currently scheduled as the listing date. The basis of allotment is expected to be finalised on September 21.

SS Retail IPO: Key dates

The dates are tentative and remain subject to the final issue process. NSE’s issue information page confirms that the bidding period runs from September 16 through September 18, with the UPI mandate confirmation deadline at 5 p.m. on the final day.

How much is SS Retail raising?

The IPO consists of 85.08 lakh shares in the fresh issue, worth ₹360 crore at the offer price, and 33.02 lakh shares in the OFS, worth ₹140 crore. Money raised through the fresh issue will go to SS Retail, while proceeds from the OFS will go to the selling shareholders.

According to the company’s disclosed objectives, the fresh-issue proceeds are intended primarily for incremental working capital requirements, new-store fit-outs for FY2027 and FY2028, and general corporate purposes. Moneycontrol reported that SS Retail plans to spend about ₹241.3 crore on incremental working capital and ₹12.4 crore on new-store fit-outs.

The company had also raised ₹146.4 crore from anchor investors on September 15, allocating 34.52 lakh shares to 14 institutional investors at the upper end of the price band.

SS Retail IPO subscription status

The IPO received a relatively strong initial response on its opening day.

According to exchange data reported after the first day’s bidding, the issue received bids for about 1.27 crore shares against 87.94 lakh shares on offer, translating into an overall subscription of 1.44 times.

The retail portion was subscribed 2.20 times, while the non-institutional investor category was subscribed 1.53 times. The qualified institutional buyer portion stood at 0.20 times at the end of Day 1.

These figures represent the position after the first day and should not be treated as the final subscription level. The IPO remains open through September 18.

SS Retail business and financial performance

SS Retail is a Kolhapur, Maharashtra-based retailer selling mobile phones, pre-owned smartphones, accessories and other consumer electronics. Its brands include SS Mobile, Mobile Exchange Wala and The Mobile Space.

The company had 503 stores across 215 cities as of March 31, 2026, with the overwhelming majority of its network located in Maharashtra. It subsequently reported further expansion of its store network during 2026.

Its financial performance has also expanded alongside the store network. Revenue from operations increased from ₹1,206.74 crore in FY2024 to ₹1,597.93 crore in FY2025 and ₹2,351.03 crore in FY2026. Profit after tax rose from ₹26.65 crore in FY2024 to ₹39.86 crore in FY2025 and ₹59.28 crore in FY2026.

SS Retail reported FY2026 EBITDA of ₹125.15 crore, compared with ₹80.44 crore in FY2025 and ₹56.50 crore in FY2024.

What the IPO review shows

A review of the company’s offer-document disclosures points to both expansion and concentration factors.

SS Retail has grown its store footprint rapidly, particularly in smaller cities and towns. The company says its franchisee-oriented COFO and FOFO models have helped it expand its network.

At the same time, its revenue remains heavily dependent on mobile-phone sales. The company’s disclosures show that mobile phones accounted for 86.18% of revenue from operations in FY2026, compared with 87.58% in FY2025 and 88.31% in FY2024.

Geographic concentration is another factor. Maharashtra accounted for 89.09% of revenue from operations in FY2026, according to the company’s offer-document disclosures. Supplier concentration is also material: purchases from the top 10 suppliers represented 79.09% of purchases of traded goods in FY2026.

Those figures do not establish that the company will underperform, but they identify areas investors may want to examine alongside its growth figures.

What about the SS Retail IPO GMP?

Grey market premium, or GMP, figures for SS Retail have been circulating during the IPO. These are unofficial market indications, not prices established by the NSE or BSE, and they can change considerably before listing.

For that reason, GMP should not be presented as a guaranteed listing price or return. The official IPO price remains the ₹403–₹424 price band until the issue closes and the final offer price is determined.

SS Retail IPO allotment date and how to check status

The basis of allotment is scheduled for September 21, 2026.

Refunds are expected to begin on September 22, while shares allotted to successful applicants are scheduled to be credited to demat accounts on the same day. The tentative listing date is September 23 on both NSE and BSE.

KFin Technologies is the registrar to the issue. Investors can use the registrar’s allotment facility after the basis of allotment has been finalised. Allotment information is also expected to become available through the relevant exchange platforms.

Investors should rely on the registrar and exchange information for the final allotment rather than unofficial IPO-status websites.

What happens next

SS Retail’s IPO remains open until September 18. The final subscription figures will depend on bids received during the remaining bidding period.

The next scheduled milestones are allotment finalisation on September 21, refund and share-credit processing on September 22, followed by the proposed NSE and BSE listing on September 23.

For investors assessing the issue, the company’s store expansion and financial growth sit alongside disclosed concentration risks in mobile phones, Maharashtra and key suppliers. The final IPO outcome will also depend on demand through the remainder of the subscription period and the eventual market price after listing.