Mobile chain SS Retail to raise ₹500 crore via IPO

SS Retail, a multi-brand retail chain specializing in mobile phones, accessories, and electronic items, intends to raise ₹500 crore through an initial public offering (IPO) on the mainboard. The company has set the price band for the equity shares at ₹403 to ₹424 per share. The IPO will commence bidding on Wednesday, with investors able to place bids for a minimum of 35 shares, and in increments of 35 thereafter.

SS Retail will raise ₹360 crore through fresh equity issuance and an offer-for-sale (OFS) of shares valued at ₹140 crore by the promoters. The company operates across Maharashtra, Karnataka, Madhya Pradesh, Goa, and Gujarat, offering a wide range of product categories in both metropolitan cities and smaller towns. As of March, SS Retail managed 503 stores across 215 cities, with 458 stores in Maharashtra, making it the largest mobile phone retail chain in West India and the third-largest in India.

The company primarily operates under three brands: SS Mobile, Mobile Exchange Wala, and The Mobile Space. In FY26, SS Retail acquired a 51% stake in Olineo Nexus India, which had 34 stores in Maharashtra. All bids must be submitted in English, using full sentences, and cannot be abusive or personal.