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SS Retail Eyes ₹500 Crore Funding Boost

10 Sep

Summary

SS Retail plans to raise ₹500 crore via fresh equity and OFS.
The company operates 503 stores across five states, primarily Maharashtra.
SS Retail aims to expand its market presence with the new capital.

SS Retail, a prominent multi-brand retail chain for mobile phones and electronics, is preparing to raise ₹500 crore. The fundraising will involve both fresh equity issuance and an offer-for-sale by promoters.

The company has set a price band of ₹403 to ₹424 per equity share for its upcoming public offering, which opens for bidding soon. SS Retail intends to issue fresh equity worth ₹360 crore and facilitate an offer-for-sale amounting to ₹140 crore.

Currently operating in Maharashtra, Karnataka, Madhya Pradesh, Goa, and Gujarat, SS Retail has a significant retail footprint. As of March-end, it managed 503 stores across 215 cities, with a strong presence in Maharashtra, making it a major player in West India.

The retail chain operates under brands such as SS Mobile, Mobile Exchange Wala, and The Mobile Space. In FY26, SS Retail expanded its reach by acquiring a 51% stake in Olineo Nexus India, adding 34 stores in Maharashtra to its portfolio.

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