SS Retail shares made a strong debut on the stock market on Wednesday, listing at a premium of more than 50% on the BSE. The company’s shares were listed at ₹639.10 on the BSE against an IPO price of ₹424.
On the NSE, SS Retail shares were listed at ₹624, representing a gain of 47.17% over the issue price. The company had raised ₹500 crore through its public issue.
SS Retail Shares Fall After Strong Listing
SS Retail shares declined after the strong market debut. The company’s stock fell to ₹603 on the BSE, while it reached ₹603.05 on the NSE, according to the information provided.
The promoter and promoter group holding in SS Retail stood at 75.74% before the IPO. Following the issue, their holding declined to 64.85%, while public shareholding increased to 35.15%.
Siddharth Gunwant Shah, Deepa Siddharth Shah, Harshal Kishore Parikh and Bhavini Harshal Parikh are the promoters of the company.
SS Retail IPO Gets 107 Times Subscription
The SS Retail IPO received an overall subscription of 107.41 times during its bidding period. The issue was open for subscription from September 16 to September 18.
The Qualified Institutional Buyers category recorded the highest subscription at 214.22 times. The Non-Institutional Investors category was subscribed 150.33 times.
The general investor category received 35.81 times subscription, while the employee portion was subscribed 2.72 times.
Retail investors could apply for a minimum of one lot and a maximum of 13 lots. Each lot contained 35 shares, while employees were offered a ₹25 discount in the IPO.
What Does SS Retail Do
SS Retail Limited was incorporated in June 2016 and operates a multi-brand retail chain selling mobile phones, accessories and other electronic products.
The company focuses mainly on Tier 2 and Tier 3 markets and has operations across Maharashtra, Karnataka, Madhya Pradesh, Goa and Gujarat.
As of March 31, 2026, SS Retail had 503 stores spread across 215 cities. Its product portfolio includes mobile phones, pre-owned smartphones, accessories, televisions, laptops and tablets.
The strong listing indicates significant investor demand for the IPO, although the subsequent fall in the share price shows that the stock moved lower after its initial market debut.
