Mobile Retailer SS Retail Files for Rs 500 Cr IPO, Eyes Expansion

• SS Retail, a multi-brand mobile and electronics retailer, filed DRHP with SEBI to raise up to Rs 500 crore via IPO.
• The IPO comprises a fresh issue of Rs 300 crore and an Offer-for-Sale (OFS) of Rs 200 crore by existing shareholders.
• Funds will be utilized for setting up new stores (Rs 12.4 Cr), incremental working capital (Rs 201.5 Cr), and general corporate purposes.
• The company operates 451 stores across 4 states, claiming to be West India's largest and India's fourth-largest mobile retail chain.
• Reported profit of Rs 40 crore on revenue of Rs 1,597.9 crore for FY25, showing significant growth.

Why It Matters: SS Retail aims to raise Rs 500 crore via IPO for expansion and working capital, showcasing strong financial growth.