SS Retail IPO Day 2: Subscription Status on 17 September 2026
- September 17, 2026
- Posted by: Harsh Piplani
- Category: IPO
SS Retail IPO Day 2, 17 Sep 2026. Subscribed 1.52x at Day 1 close: Retail 2.32x, NII 1.60x, QIB 0.21x. Price band Rs 403-424. Closes 18 Sep.
Quick Answer
The SS Retail IPO is on Day 2 of bidding on 17 September 2026, after crossing full subscription on its opening day. The SS Retail IPO closed Day 1 subscribed 1.52 times overall, with retail investors leading at 2.32 times and non-institutional investors at 1.60 times, while qualified institutional buyers stood at 0.21 times. Bidding for the SS Retail IPO remains open until 18 September 2026, and investors should track the live category wise numbers on NSE and BSE through the day.
The issue has entered Day 2 of its three day bidding window, which opened on 16 September and closes on 18 September 2026. SS Retail Limited, a multi-brand mobile phone and electronics retail chain, is raising about Rs 500.75 crore through a combination of fresh issue and offer for sale, and the shares are proposed to list on both NSE and BSE.
Day 1 bidding for the issue closed with the issue subscribed 1.52 times overall, crossing full subscription within the opening session itself, led by retail and non-institutional demand. With QIBs typically bidding heavily in the closing hours of a mainboard issue, today’s session and the 18 September close will be important in determining how much further the book can run.
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SS Retail IPO Details
The table below sets out the key parameters of the issue.
| Open Date | 16 September 2026 |
| Close Date | 18 September 2026 |
| Price Band | Rs 403 to Rs 424 per share |
| Lot Size | 35 shares |
| Issue Size | Rs 500.75 crore |
| Issue Type | Book Built Issue |
| Listing At | NSE and BSE |
| Allotment Date | 21 September 2026 |
| Listing Date | 23 September 2026 |
SS Retail IPO Subscription Status Day 2
Category wise bidding for the issue is updated through the trading session on NSE and BSE. The table below shows the position at the close of Day 1 along with the overall figure recorded so far on Day 2.
| Investor Category | Subscription at Day 1 Close (16 Sep, 4:59 PM) | Overall Subscription So Far (Day 2, 17 Sep) |
|---|---|---|
| Qualified Institutional Buyers (QIB) | 0.21 times | Updating |
| Non-Institutional Investors (NII) | 1.60 times | Updating |
| Retail Individual Investors | 2.32 times | Updating |
| Overall | 1.52 times | Updating through the session |
Retail investors led the issue through Day 1, comfortably followed by NII, while the QIB category still has room to build before the 18 September close. Investors should treat the Day 2 figures as provisional since bidding remains open until the deadline.
Track Subscription Status for the issue on the Univest Screener
How to Apply for the SS Retail IPO
- Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
- Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 403 to Rs 424 band, in multiples of 35 shares.
- Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.
- Approve the UPI mandate on your phone before the daily cut off time, keeping in mind the issue closes on 18 September.
Download the Univest iOS App or Univest Android App to apply for the issue before the 18 September close.
Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
Conclusion
The issue has opened strongly, crossing full subscription within Day 1 with retail and NII demand leading the way, while the QIB book has room to build before the 18 September close. Investors considering the issue should review the company financials and risk factors in the RHP on nseindia.com and bseindia.com, and apply only after independent due diligence.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What is the SS Retail IPO subscription status on Day 2?
Ans. The issue closed Day 1 subscribed 1.52 times overall, with retail leading at 2.32 times, NII at 1.60 times, and QIB at 0.21 times, and figures for Day 2, 17 September 2026, are updating through today’s session on NSE and BSE.
When does the SS Retail IPO close?
Ans. The issue closes for subscription on 18 September 2026, having opened on 16 September 2026.
What is the SS Retail IPO price band and lot size?
Ans. The issue price band is Rs 403 to Rs 424 per share, with a lot size of 35 shares, taking the minimum retail investment to about Rs 14,840 at the upper band.
Which category led the SS Retail IPO on Day 1?
Ans. Retail investors led the issue on Day 1, subscribing their reserved portion 2.32 times, ahead of non-institutional investors at 1.60 times, while qualified institutional buyers stood at 0.21 times.
What is the SS Retail IPO GMP?
Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
How do I apply for the SS Retail IPO?
Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method, entering your bid in multiples of 35 shares within the Rs 403 to Rs 424 band and approving the UPI mandate before the daily cut off.
When will the SS Retail IPO be allotted and listed?
Ans. The issue allotment is expected to be finalised on 21 September 2026, with listing on both NSE and BSE tentatively scheduled for 23 September 2026.
Is the SS Retail IPO likely to close oversubscribed?
Ans. The issue was already subscribed 1.52 times by the Day 1 close, so barring a sharp slowdown, the issue is well placed to close oversubscribed, though the QIB book, which stood at only 0.21 times, will only become clearer closer to the 18 September deadline.
What is the reservation split in the SS Retail IPO?
Ans. The issue reserves 50 percent of the net issue for qualified institutional buyers, 15 percent for non-institutional investors, and 35 percent for retail individual investors, alongside a small employee reservation.
What does SS Retail Limited do?
Ans. SS Retail Limited operates a multi-brand mobile phone and electronics retail chain with a strong presence in Tier II and Tier III cities, and is planning to add over 100 new stores across FY27 and FY28.
