SS Retail
LISTEDIPO Date: 16 Sept - 18 Sept 2026
Listing Date: 23 Sept 2026
Price Range
₹403 to ₹424
Issue Size
500 Cr
Min Investment
₹14,105
Min Application
35 Shares
Schedule of SS Retail
Issue open date
16 Sept 2026
Issue close date
18 Sept 2026
UPI mandate deadline
18 Sept 2026 (5 PM)
Allotment finalization
21 Sept 2026
Share credit
22 Sept 2026
Listing date
23 Sept 2026
Mandate end date
3 Oct 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 500 Cr |
| Fresh Issue | 85.08 Cr |
| Offer for Sale | 33.02 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 21 Sept 2026 |
| Allotment Link | {Link} |
Grey Market Premium
NewGrey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 23 Sept 2026Latest | ₹424 | ₹160 | ₹584(+37.74%) |
| 22 Sept 2026 | ₹424 | ₹148 | ₹572(+34.91%) |
| 21 Sept 2026 | ₹424 | ₹140 | ₹564(+33.02%) |
| 20 Sept 2026 | ₹424 | ₹147 | ₹571(+34.67%) |
| 19 Sept 2026 | ₹424 | ₹147 | ₹571(+34.67%) |
| 18 Sept 2026 | ₹424 | ₹145 | ₹569(+34.2%) |
| 17 Sept 2026 | ₹424 | ₹133 | ₹557(+31.37%) |
| 16 Sept 2026 | ₹424 | ₹90 | ₹514(+21.23%) |
| 15 Sept 2026 | ₹424 | ₹128 | ₹552(+30.19%) |
| 14 Sept 2026 | ₹424 | ₹140 | ₹564(+33.02%) |
| 13 Sept 2026 | ₹424 | ₹120 | ₹544(+28.3%) |
| 12 Sept 2026 | ₹424 | ₹106 | ₹530(+25%) |
| 11 Sept 2026 | ₹424 | ₹80 | ₹504(+18.87%) |
| 10 Sept 2026 | ₹424 | ₹30 | ₹454(+7.08%) |
| 9 Sept 2026 | ₹424 | ₹0 | ₹424(0%) |
Performance SS Retail
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹403 to ₹424 | ₹ 624 (47.17%) | ₹ 659.7 | 55.59% |
About SS Retail
SS Retail Limited is a multi-brand consumer electronics retail chain focused primarily on mobile phones, accessories, pre-owned smartphones and other electronic products. The company operates through brands including SS Mobile, The Mobile Space and Mobile Exchange Wala, serving customers across Maharashtra, Karnataka, Madhya Pradesh, Goa and Gujarat. Its product portfolio also includes televisions, laptops and tablets, along with services such as mobile protection plans, anti-theft software and recharge facilities. The company follows a mix of company-operated and franchise-operated store formats and has built its presence particularly in Tier II, Tier III and smaller cities. As of July 31, 2026, its network had expanded to 536 stores.
| Founded in | 2016 |
| Managing director | Siddharth Gunvant Shah |
| Parent organization |
Financial Overview
Strengths
4- 1
Large and expanding retail network. The company had 503 stores as of March 31, 2026, increasing to 536 stores by July 31, 2026.
- 2
Strong presence in smaller cities. Its focus on Tier II, Tier III and beyond markets provides access to consumer segments that are less concentrated in major metropolitan areas.
- 3
Multiple revenue streams. Besides new smartphones, the company sells pre-owned phones, accessories, televisions, laptops and tablets and provides ancillary services.
- 4
Experienced management and established brands. The promoter-led management has significant experience in mobile-phone retail, while SS Mobile and Mobile Exchange Wala provide established brand platforms.
Risks
4- 1
High dependence on mobile phones. Mobile phones contributed approximately 86.1% of FY2026 revenue, making the business highly dependent on smartphone demand.
- 2
Geographical concentration. A substantial portion of its store network and business remains concentrated in Maharashtra, increasing exposure to conditions in that market.
- 3
Supplier concentration. A significant portion of inventory is sourced from a limited number of suppliers, which could create supply or pricing risks if relationships or availability change.
- 4
Working-capital intensive business. Retailing smartphones and electronics requires substantial inventory and working capital, while rapid product launches and price changes can create inventory-value and margin pressures.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 214.22 |
| Non-Institutional Investors (NIIs) | 150.33 |
| Retail Individual Investors (RIIs) | 35.81 |
| Employee | 2.72 |
| Total | 107.41 |