Home / Business and Economy / Investors Eye SS Retail IPO for 31% Listing Gain Potential
Investors Eye SS Retail IPO for 31% Listing Gain Potential
16 Sep
Summary
- SS Retail's Rs 500 crore IPO opened on September 16, 2026.
- The IPO offers a price band of Rs 403-424 per share.
- Grey market premium suggests a potential 31% listing gain.
The SS Retail IPO, a Rs 500 crore book-built issue, commenced its subscription period today, September 16, 2026. Investors have until September 18 to bid for shares within the price band of Rs 403 to Rs 424. The issue comprises a fresh issue of Rs 360 crore and an offer for sale worth Rs 140 crore.
Anticipation is high, with the grey market premium (GMP) signaling a potential listing gain of approximately 31%, translating to an estimated listing price around Rs 552 per share. The company plans to allocate proceeds towards fitting out new stores in FY2027 and FY2028 and funding incremental working capital requirements.
SS Retail reported robust financial performance, with total income increasing by 47% to Rs 2,353 crore in FY26 and profit after tax jumping 49% to Rs 59 crore in the same fiscal year. The company operates a multi-brand retail chain across Maharashtra, Karnataka, Madhya Pradesh, Goa, and Gujarat, targeting Tier II and smaller cities, and as of July 31, 2026, managed 536 stores.
The shares are slated to list on both the NSE and BSE, with a tentative listing date of September 23, 2026. SS Retail was recognized as the largest mobile phone retail chain in West India and Maharashtra as of March 31, 2026.
