SS Retail IPO
SS Retail Limited (SSRETAIL) · mainboard IPO on NSE and BSE · Book Building. Listed on 23 September 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +31.7% (likely range +18% to +50%), day's high +37.0%, chance of a gain 95%. Actual: +47.2% at the open, +76.6% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 24,21,834 | 49,30,99,775 | 204x | |
| NII (HNI) total | 18,16,377 | 26,03,27,515 | 143x | |
| Big NII (above ₹10 lakh) | 12,10,918 | 18,99,79,440 | 157x | |
| Small NII (₹2-10 lakh) | 6,05,459 | 7,03,48,075 | 116x | |
| Retail | 42,38,213 | 15,41,18,475 | 36.4x | |
| Employees | 3,17,460 | 8,53,230 | 2.69x | |
| Total | 87,93,884 | 90,83,98,995 | 103x |
Bids on NSE and BSE together, as published by NSE, as of 18 Sep 2026, 07:00 PM. Shares offered exclude the anchor portion. 15% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to SS Retail's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Aeroflex IndustriesAug 2023 | 195x | 126x | 34.4x | 97.1x | ₹352 Cr | +75.9% | +81.8% |
| Lumino IndustriesAug 2026 | 221x | 176x | 38.5x | 118x | ₹736 Cr | +34.1% | +45.1% |
| Augmont EnterprisesAug 2026 | 227x | 121x | 31.0x | 106x | ₹867 Cr | +21.9% | +29.4% |
| Arkade DevelopersSep 2024 | 163x | 163x | 51.4x | 107x | ₹434 Cr | +36.7% | +48.4% |
| DEE Development EngineersJun 2024 | 202x | 144x | 23.4x | 99.6x | ₹431 Cr | +67.0% | +80.2% |
| Vishnu Prakash R PungliaAug 2023 | 172x | 111x | 32.0x | 87.8x | ₹309 Cr | +66.7% | +66.7% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Anand Rathi Advisors | 11 | +28.5% | 91% |
| Emkay Global Financial Services | 10 | +16.7% | 60% |
Offer documents (NSE)
Frequently asked
What is the SS Retail IPO price band and lot size? ₹403–424 per share, with a lot of 35 shares, so the smallest retail bid is ₹14,840.
How many times has it been subscribed? 103x overall: QIB 204x, NII 143x, retail 36.4x, employees 2.69x.
How did it list? It opened at ₹624, +47.2% against the issue price of ₹424, and closed its first day +76.6%.
