SS Retail IPO Listing: Shares Debut at 47.17% Premium on NSE
- September 23, 2026
- Posted by: Harsh Piplani
- Category: News
SS Retail lists at Rs 624 on NSE, up 47.17%. BSE opens at Rs 639, up 50.7%. Issue price Rs 424. Subscribed 103.30 times overall. Issue size Rs 500 Cr.
Quick Answer
SS Retail debuted at Rs 624 on the NSE today, a 47.17 percent premium over its Rs 424 issue price, while BSE shares opened even higher at Rs 639, up 50.7 percent. The mobile phone retail chain’s IPO was subscribed 103.30 times overall, making it one of the strongest debuts of the three mainboard IPOs listing today.
SS Retail IPO Listing Today: The IPO closed subscription at 103.30 times overall on 18 September 2026. QIBs led the demand at 203.61 times their quota, non institutional investors put in 143.32 times, and retail investors subscribed 36.36 times. Here is a recap of the offer itself and how the stock actually performed on debut.
Click Here – Get Free Investment Predictions
SS Retail IPO Listing: Issue Details
SS Retail Limited raised Rs 500 crore, made up of a fresh issue of Rs 360 crore and an offer for sale of Rs 140 crore by the promoters. The issue listed on both the NSE and the BSE, with a tentative listing date of 23 September 2026. Bidding ran from 16 September 2026 to 18 September 2026, at a face value of Rs 10 per share and a price band of Rs 403 to Rs 424 per share.
| Particular | Detail |
|---|---|
| Allotment Date | 21 September 2026 |
| IPO Open Date | 16 September 2026 |
| IPO Close Date | 18 September 2026 |
| Issue Size | Rs 500 crore (1,18,10,182 shares) |
| Face Value | Rs 10 per share |
| Lot Size | 35 shares |
| Issue Price | Rs 424 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE, BSE |
| Listing Date | 23 September 2026 |
Check Live Stock Data on the Univest Screener
SS Retail IPO Listing Price and Performance
Shares opened at Rs 624 on the NSE, a 47.17 percent premium over the Rs 424 issue price, and at Rs 639 on the BSE, up 50.7 percent. Investors who received an allotment made about Rs 7,000 per lot on the NSE listing price alone. This was comfortably the strongest debut of the day among the three mainboard IPOs.
About the SS Retail IPO
SS Retail Limited is the largest mobile phone retail chain in West India and Maharashtra, and the third largest in India, operating 503 stores across 215 cities as of 31 March 2026 under the brands SS Mobile, Mobile Exchange Wala and The Mobile Space. The company acquired a 51.04 percent stake in Olineo Nexus in FY26, adding 34 more stores. Maharashtra alone accounts for close to 90 percent of both revenue and store count. Promoters of the company are Siddharth Gunvant Shah, Deepa Siddharth Shah, Harshal Kishor Parekh and Bhavini Harshal Parekh. Anand Rathi Advisors and Emkay Global Financial Services were the book running lead managers, with Kfin Technologies as registrar.
Download the Univest iOS App or Univest Android App to track SS Retail live share price and get daily stock recommendations.
SS Retail Limited Financials
Here is how SS Retail Limited has performed financially over the last three fiscal years.
| Year Ended | 31 Mar 2026 (Rs cr.) | 31 Mar 2025 (Rs cr.) | 31 Mar 2024 (Rs cr.) |
|---|---|---|---|
| Revenue | 2,352.85 | 1,599.96 | 1,208.04 |
| Profit After Tax | 59.28 | 39.86 | 26.64 |
Explanation
Revenue grew about 47 percent in FY26 to Rs 2,352.85 crore, at a two year CAGR near 40 percent, largely driven by opening 267 new stores rather than same-store growth. Profit after tax rose 49 percent, from Rs 39.86 crore to Rs 59.28 crore, though margins are thin, with a PAT margin of around 2.5 percent and negative cumulative free cash flow over the three years as inventory expansion absorbed cash.
Grey market premium (GMP) is an unofficial, unregulated indicator for the SS Retail IPO that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data around the SS Retail IPO listing can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
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 was the SS Retail IPO listing price?
Ans. SS Retail shares listed at Rs 624 on the NSE, a 47.17 percent premium over the Rs 424 issue price, and opened at Rs 639 on the BSE, a 50.7 percent premium.
Was the SS Retail IPO listing a premium or a discount?
Ans. It was a strong premium listing on both exchanges, one of the better debuts among the three mainboard IPOs listing the same day.
How much was the SS Retail IPO subscribed?
Ans. The IPO was subscribed 103.30 times overall, with QIBs at 203.61 times, NIIs at 143.32 times, and retail investors at 36.36 times their respective quotas.
What is the issue price of the SS Retail IPO?
Ans. The issue price was fixed at Rs 424 per share, the top of the Rs 403 to Rs 424 price band.
What is the lot size of the SS Retail IPO?
Ans. The lot size was 35 shares, meaning a minimum retail investment of about Rs 14,840 at the upper price band.
Who is the registrar for the SS Retail IPO?
Ans. Kfin Technologies Limited is the registrar.
What does SS Retail do?
Ans. SS Retail operates the largest mobile phone retail chain in West India and Maharashtra, running 503 stores under the SS Mobile, Mobile Exchange Wala and The Mobile Space brands.
Where can I track the SS Retail share price now?
Ans. You can track it on the NSE and BSE, or through the Univest platform.
Should I hold shares after the SS Retail IPO listing?
Ans. That depends on your own risk appetite and time horizon. Worth weighing the thin net margins and heavy Maharashtra concentration against the strong revenue growth before deciding whether to hold or sell.
