SS Retail came to market through an IPO that opened on 16 September 2026 and closed on 18 September 2026, and the shares listed on 23 September 2026 on BSE, NSE. The price band was ₹403 to ₹424 per share and one lot was 35 shares, so the minimum application was ₹14,840. The issue size was ₹500 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
It listed at ₹624, a gain of 47.2% against the issue price of ₹424. Kfin Technologies Ltd was the registrar to the issue, and Anand Rathi Advisors Ltd., Emkay Global Financial Services Ltd were the lead managers.
As of 18 September 2026.
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Overall the issue was subscribed 108.69 times.
Incorporated in June 2016, SS Retail Ltd. is a multi-brand retail chain for mobiles, accessories and other electronic products, spread over Maharashtra, Karnataka, Madhya Pradesh, Goa and Gujarat. It mainly caters to Tier II, Tier III and above locations and till 31st March 2026, operated 503 stores in 215 cities having an aggregate area of approximately 2,41,365 sq. ft.
The Company runs its business under its proprietary brand names such as ‘SS Mobile’, ‘Mobile Exchange Wala’ and ‘The Mobile Space’ in store formats of Company Owned and Franchise stores. Its product offering consists of mobiles, second hand smartphones, accessories, televisions, laptops and tablets, together with other complementary offerings including mobile protection scheme, EMIs, anti-theft solutions and mobile top-up facilities. Till 31st July 2026, it had its store network of 536 stores covering approximately 2,60,597 sq. ft.
The Company employs a scalable retail format that consists of three models namely, COCO, COFO and FOFO and it relies on partnerships with local franchises to increase its footprint in regional markets. In Fiscal 2026, the Company made an investment in Olineo Nexus India Private Limited by acquiring 51.04% stake in the company, thus increasing its total store count by 34 units.
At March 31, 2026, the Company was the largest mobile phone retail chain in West India and Maharashtra and the third largest in India as per the industry report. At March 31, 2026, the Company had 689 permanent employees including staff from management, accounts and audit, operations, sales, sales support, supply chain and HR and administration.
As described in the offer document.
| Metric | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 |
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SS Retail Limited finalised its anchor investor allocation on September 15, 2026, raising ₹146.40 crore from 22 institutional investors at an anchor price of ₹424 per share.
The anchor book comprises 34,52,829 equity shares, with domestic mutual funds receiving 83.13% of the allocation through 11 fund houses across 19 schemes, including WhiteOak Capital Mutual Fund, Kotak Mahindra Mutual Fund, ICICI Prudential Mutual Fund, Axis Mutual Fund, Motilal Oswal Mutual Fund, Bandhan Mutual Fund, Mirae Asset Mutual Fund, Tata Mutual Fund, Invesco Mutual Fund, and Aditya Birla Sun Life Mutual Fund. Kotak Mahindra Life Insurance Company Limited was the sole life insurance participant, receiving 6.83%;
no pension funds applied. The remaining allocation went to 360 One Equity Opportunities Fund – Series 2 and Bengal Finance & Investment Pvt Ltd.
Siddharth Gunvant Shah, Deepa Siddharth Shah, Harshal Kishor Parekh, Bhavini Harshal Parekh.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
SS Retail IPO was a ₹500 crore book-built issue, comprising a fresh issue of ₹360 crore and an offer for sale of ₹140 crore. It was priced at ₹403–₹424 per share with a lot size of 35 shares (₹14,840). The IPO was open from September 16 to September 18, 2026 and was subscribed 108.69x. Shares listed on BSE and NSE on September 23, 2026 at ₹624, a 47.2% premium to the issue price of ₹424. Kfin Technologies Ltd.
is the registrar. Anand Rathi Advisors Ltd. and Emkay Global Financial Services Ltd. are the book running lead managers.
The price band of SS Retail IPO is ₹403 to ₹424 per share.
The lot size of SS Retail IPO is 35 shares.
The minimum investment for SS Retail IPO is approximately ₹14,840 based on the upper price band.
The allotment date of SS Retail IPO is Sep 21, 2026.
No GMP quote could be verified as recorded before SS Retail IPO listed. A grey-market observation of ₹145 per share was recorded on 23 Sep 2026, 6:30 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹624. GMP is unofficial and does not forecast or guarantee the actual listing price.
SS Retail IPO listed on Sep 23, 2026. It was issued at ₹624.0(NSE) and is currently around ₹635.90 as on 30-Oct-2026 3:30 PM, which is approximately 50.0% versus issue price. The 52-week high is ₹888.00.
You can check SS Retail IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the SS Retail IPO allotment status on Rupix for quick and easy access.
₹403 to ₹424 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 35 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,840.
₹14,840, for one lot of 35 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 16 September 2026 and closed on 18 September 2026.
The basis of allotment was published on 21 September 2026 by Kfin Technologies Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 23 September 2026 on BSE, NSE, opening at ₹624.
The issue size was ₹500 crore. The fresh issue was 85,08,298 shares (aggregating up to ₹360 crore). The offer for sale was 33,01,884 shares (aggregating up to ₹140 crore).
It listed at ₹624 against an issue price of ₹424, a gain of 47.2 percent on listing day.