Marri Retail Files IPO Papers for Rs 522 Crore Fresh Issue; Plans Major Expansion

• Hyderabad-based Marri Retail, an apparel and jewelry retailer, has filed DRHP for an IPO to raise Rs 522 crore through a fresh issue of shares.
• The IPO also includes an offer-for-sale of 2.7 crore equity shares by promoter Marri Venkat Reddy.
• Funds from the fresh issue will be used for adding 13 new stores (10 apparel, 1 apparel with jewelry SIS, 2 standalone jewelry) at a cost of Rs 250.5 crore, lease payments, and debt repayment.
• Marri Retail operates 34 stores across Telangana, Andhra Pradesh, Karnataka, and Maharashtra under brands like The Chennai Shopping Mall and JC Mall.
• In the six months ended September 2025, the company reported a profit of Rs 84.2 crore on revenue of Rs 1,301.4 crore, with apparel contributing 54% and jewelry over 45% to its topline.

Why It Matters: Marri Retail is launching an IPO to fund significant expansion and debt repayment, aiming for growth.