Stories
SS Retail Shares Soar 51% on BSE Debut; Experts Advise Partial Profit Booking
- •SS Retail shares debuted on BSE with a 50.73% premium at Rs 639.10 over its IPO price of Rs 424, and at Rs 624 on NSE, a 47.17% premium.
- •The Rs 500-crore IPO was oversubscribed 103.30 times, with strong demand from QIBs (203.61x), NIIs (143.32x), and retail investors (36.36x).
- •The company plans to use Rs 241.3 crore for working capital and Rs 12.4 crore to establish new stores, aiming to add 120 stores each in FY27 and FY28.
- •SS Retail operates a multi-brand retail network for mobile phones and electronics across Maharashtra, Karnataka, Madhya Pradesh, Goa, and Gujarat, with 503 stores as of March 2026.
- •An analyst suggests short-term investors consider booking partial profits due to strong listing gains, while holding the balance for the long term, citing strong market position and expansion plans.
Key Questions Answered
On September 23, SS Retail shares debuted strongly on the stock exchanges. The stock opened at Rs 639.10 on the BSE, marking a 50.73 percent premium over its issue price of Rs 424, while on the NSE it opened at Rs 624, representing a 47.17 percent premium.
The Rs 500-crore SS Retail IPO was subscribed 103.30 times overall by the time bidding closed on September 18. The qualified institutional buyers portion was subscribed 203.61 times, the non-institutional investor category was booked 143.32 times, and the retail portion received 36.36 times subscription.
SS Retail plans to use Rs 241.3 crore of the net proceeds for incremental working capital requirements and Rs 12.4 crore to establish new stores during FY27 and FY28. The remaining funds will be allocated for general corporate purposes.
