SS Retail IPO fully subscribed on Day 1: Check price band, lot size and key dates

The initial public offering of SS Retail was fully subscribed on Wednesday, September 16. It received bids for 90,10,260 shares compared to 87,93,884 shares on offer, according to the National Stock Exchange (NSE) data until 2:55 pm.

The portion for non-institutional investors (NIIs) attracted 96% subscription, while the quota for retail investors was subscribed 1.70 times. The qualified institutional buyers (QIBs) part is yet to see any subscription.

The ₹500 crore book build issue is a combination of the fresh issuance of 85.08 lakh shares totalling ₹360 crore and offer for sale of 33.02 lakh shares valued at ₹140 crore.

Through the OFS route, promoters Harshal Kishor Parekh, Bhavini Harshal Parekh, Siddharth Gunvant Shah and Deepa Siddharth Shah, and investor Rakhi Narendra Firodia will sell their stake.

The company intends to use net proceeds towards the following objects:

• Fund capital expenditure for fit-outs towards setting up new stores in FY27 and FY28
• Incremental working capital requirements
• General corporate purposes

"Our company expects to receive the benefits of listing of the equity shares on the stock exchanges and enhancement of our company’s visibility and brand image and creation of a public market for our equity shares in India," the firm said in its red herring prospectus (RHP).

SS Retail IPO: Lot size

A lot consists of 35 shares and in multiples thereafter. Of the net issue, half is reserved for QIBs, 15% for NIIs and 35% for retail investors.

SS Retail IPO: Allotment and listing date

SS Retail is a retail chain for mobile phones, accessories and other electronic items. It operates in states like Maharashtra, Karnataka, Goa, Madhya Pradesh and Gujarat. As of FY26, it operated 503 stores in India.