SS Retail has fixed its ₹500 crore IPO at ₹403–₹424 per share, a price band that would value the company at ₹3,154 crore at the upper end. The issue comprises 35 shares per lot, with a minimum retail bid of ₹14,840.
The anchor book closed on September 15, raising ₹146.4 crore from 34.52 lakh shares. Eleven domestic mutual funds grabbed 28.70 lakh shares – 83.14% of the book – including SBI, Kotak, ICICI, Axis, and WhiteOak. Other institutional investors such as Bengal Finance, Kotak Life and 360 ONE added another ₹25 crore.
Retail investors will own 35% of the issue, while 50% is earmarked for institutions and the rest for non‑institutional investors. Net proceeds of ₹360.75 crore will see ₹241.3 crore funnel into working capital, ₹12.4 crore earmarked for new stores in FY27/FY28, with the balance for general corporate use.
In the unlisted market, SS Retail shares traded at a ₹128 premium – about 30% over the upper band – as the grey‑market premium (GMP) signals investor sentiment but does not guarantee post‑listing performance.
SS Retail operates 503 stores across Maharashtra, Karnataka, Madhya Pradesh, Goa and Gujarat, and reported consolidated profit of ₹59.2 crore on revenue of ₹2,351 crore for FY26; standalone profit up 49.6% YOY to ₹39.86 crore and revenue up 32.4% to ₹1,597.9 crore in FY25.
The company expects allotment to be finalized by September 21 and plans to list its shares on NSE and BSE on September 23, offering a fresh opportunity for investors to gain early exposure to a growing retail chain.