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SS Retail IPO Review

SS Retail IPO has been reviewed by 8 analysts, and the overall consensus is Apply — carrying a score of 75. Out of the 8 analysts who have covered this IPO, 4 recommend subscribing while 4 advise caution or avoidance — reflecting a broadly positive view from the analyst community.

The issue is priced in the band of ₹403-424 per share, with a minimum application size of 35 shares (minimum investment of approximately ₹14,840 at the upper band). Subscription ran from 16 Sep 2026 to 18 Sep 2026. The issue size is ₹500 crore, a mix of fresh issue and offer for sale. As of now, the grey market premium (GMP) for SS Retail IPO is quoting at ₹160 (37.74%), which gives a preliminary sense of how the street is pricing the listing — though GMP is unofficial and can swing sharply before the listing date. Scroll down for the full analyst breakdown and analyst-wise verdicts.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Analyst verdict & score

One score out of 100, aggregated from every analyst verdict tracked for this issue. How it's calculated

Sentiment score
75/ 100
Apply 4 of 8 recommend subscribing
How analysts voted
Apply 4
May apply 2
Neutral 1
Avoid 1

Higher consensus indicates broader analyst agreement.

Detailed review

What the analyst reports say, grouped by the question you're likely asking.

General review

SS Retail is the largest mobile phone retail chain in West India and Maharashtra and the third largest in India, running SS Mobile, the value brand The Mobile Space and the pre-owned phone format Mobile Exchange Wala. FY26 income was ₹2,352.85 crore with profit of ₹59.28 crore. All four analysts covering it said subscribe.

Listing gains

The notes value the issue between about 46.5 and 53.2 times FY26 earnings at the ₹424 upper band, on a market cap near ₹3,153 crore, against listed mobile retail peers around 57 times. Analysts consider that reasonable given the growth, but it is a full multiple, pointing to a moderate listing.

Short-term strategy

Growth has been fast, with revenue, adjusted EBITDA and profit rising at 39.6, 49.1 and 49.2 percent CAGR over FY24 to FY26, and return on equity at 26.3 percent. The store count more than doubled from 236 to 503. Fresh money funds fit-outs for new stores in FY27 and FY28.

Long-term strategy

The long-term case rests on continued store expansion in Tier II and Tier III markets and the pre-owned phone format. The concentration analysts flag is on both sides: mobile phones gave 86.2 percent of FY26 revenue, and the top ten suppliers account for 79.1 percent of purchases.

How this is written: an AI-assisted summary of the 8 analyst reports listed below. It reports their views; IPO Guru does not make buy or sell recommendations.

Analyst reviews

Ordered by each analyst's track record over the past year; analysts still building one are listed last.

Latest IPO reviews

How analysts rated the most recent mainboard issues — and, where they have listed, how the call played out.

Frequently asked

Should I apply for SS Retail IPO?

The analyst consensus for SS Retail IPO tracked on this page is Apply, with a score of 75/100. Out of 8 analysts who have reviewed this IPO, 4 recommend subscribing. IPO Guru does not make buy or sell recommendations. Read the individual analyst reports and consult a SEBI-registered advisor before investing.

What does the score of 75 mean for SS Retail IPO?

The score of 75 is an aggregate of all analyst ratings tracked for SS Retail IPO. A score in this range indicates strong analyst confidence — most analysts are recommending a subscribe. Read the individual analyst verdicts above for more context.

What was the actual listing price of SS Retail IPO?

SS Retail IPO listed on September 23, 2026 at ₹624, against the issue price of ₹424 — a gain of +47.17% (₹200 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of SS Retail IPO?

SS Retail IPO was priced at ₹403-424 per share. The minimum lot size is 35 shares, making the minimum investment approximately ₹14,840 at the upper end of the price band. Subscription ran from 16 Sep 2026 to 18 Sep 2026.

Explore SS Retail IPO further

Analyst views are one input. Read them alongside the demand, the grey market and the filings before you decide.

SS Retail IPO review

A verdict is an opinion, not a guarantee.

IPO Guru collects analyst views, GMP, subscription and allotment for every Mainboard and SME issue. Weigh them together — and against the offer document — before you apply.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.

Consensus
Apply
Score
75 / 100
Listed at
₹624
Full IPO details