SS Retail IPO to Open on September 16: ₹500 Crore Issue, Price Band Fixed at ₹403–₹424
Business News: Investors looking at India’s upcoming IPO market will have another major issue to track this week as SS Retail Limited’s IPO opens for subscription on September 16, 2026.
The multi-brand retail company is planning to raise around ₹500 crore through the public issue. The IPO will remain open for subscription until September 18, 2026, giving investors three days to place their bids.
The company operates a multi-brand retail business focused primarily on mobile phones, accessories and other electronic products, with a strong presence across Western India.
SS Retail IPO Key Details
The SS Retail IPO has a price band of ₹403 to ₹424 per equity share. The lot size has been fixed at 35 shares, meaning a retail investor applying for one minimum lot at the upper price band would need approximately ₹14,840.
| IPO Detail | Information |
|---|---|
| Company | SS Retail Limited |
| IPO Open Date | September 16, 2026 |
| IPO Close Date | September 18, 2026 |
| Price Band | ₹403–₹424 per share |
| Lot Size | 35 shares |
| Minimum Investment | ₹14,840 |
| Issue Size | Around ₹500 crore |
| Allotment | September 21, 2026 |
| Refunds | September 22, 2026 |
| Demat Credit | September 22, 2026 |
| Expected Listing | September 23, 2026 |
| Proposed Exchanges | BSE and NSE |
₹500 Crore SS Retail IPO
The public issue is worth approximately ₹500 crore. It comprises a fresh issue of equity shares worth about ₹360.75 crore and an Offer for Sale (OFS) of ₹140 crore by an existing shareholder. The fresh issue proceeds will provide the company with additional capital, while the OFS component represents shares being sold by an existing shareholder.
What Does SS Retail Do?
SS Retail Limited operates a multi-brand retail network specialising in mobile phones, accessories and electronic products.
The company has a significant presence in Western India and operates stores under brands including SS Mobile, xchange Wala and The Mobile Space. It has more than 450 stores and focuses substantially on Tier-II, Tier-III and smaller cities. The company’s retail network and focus on mobile and electronics provide investors with exposure to India’s growing organised retail and consumer electronics market.
SS Retail IPO Allotment and Listing Date
After the IPO closes on September 18, the basis of allotment is expected to be finalised on September 21. Investors who do not receive an allotment are expected to receive their refunds on September 22, while shares allotted to successful applicants are expected to be credited to their demat accounts on the same day. The shares are scheduled to be listed on September 23, 2026, subject to the applicable process and approvals.
How Much Money Is Needed to Apply?
With the lot size fixed at 35 shares and the upper price band at ₹424 per share, the minimum application amount for one lot works out to:
35 × ₹424 = ₹14,840
Investors seeking to apply for additional lots will need to bid in multiples of 35 shares, subject to the applicable IPO rules and investor category limits.
SS Retail IPO Comes Amid Busy IPO Market
SS Retail is opening at a particularly active time for India’s primary market. Several significant IPOs are scheduled around September 16–18, including issues from companies such as Hero Motors, Jindal Supreme and SS Retail, while the much-awaited NSE IPO is also scheduled to open on September 17.
The concentration of multiple IPOs in the same period is expected to keep investors focused on pricing, company fundamentals, issue structure and market conditions.
Important Note for Investors
The SS Retail IPO may attract investor attention because of the company’s retail footprint and the broader growth of India’s organised mobile and electronics retail market. However, investors should independently evaluate the company’s financial performance, valuation, business risks and IPO documents before making an investment decision.
Grey market premium (GMP), where available, is unofficial and can change rapidly. It should not be treated as a guaranteed indication of the listing price or returns.
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