What was the subscription of SS Retail IPO?

SS Retail IPO was subscribed 108.69x times overall - QIB 214.22x, HNI/NII 150.79x, Retail 38.26x.

What was the GMP of SS Retail IPO?

SS Retail IPO GMP moved from Rs 140 on Day 1 to Rs 147 before listing. Full day-by-day GMP is available on this page.

SS Retail IPO

Q: What was the listing gain of SS Retail IPO?

SS Retail IPO listed at +47.17% versus the upper issue price of Rs 424 on 23 September 2026.

Mobile Phone & Consumer Electronics Retail - Listed on 23 September 2026

+47.2% listing gain

Issue Price (Upper)

Rs 424

Listing Price

Rs 624

Closing Price (NSE)

Rs 748.8

Total Subscription

108.69x

SS Retail IPO listing summary

SS Retail (Mobile Phone & Consumer Electronics Retail) closed its IPO window in 2026 and listed on NSE and BSE on 23 September 2026 at an upper band issue price of Rs 424, opening at Rs 624 for a listing gain of +47.2% and closing day one at Rs 748.8 (+76.6% on closing basis). The IPO was subscribed 108.69x overall - QIB 214.22x, HNI/NII 150.79x, Retail 38.26x. The total issue size was Rs 500 Cr (Fresh Issue Rs 360 Cr, OFS Rs 140 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.

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About SS Retail

Mobile Phone & Consumer Electronics Retail

SS Retail is a multi-brand mobile phone and consumer electronics retail chain focused on Tier II and Tier III and beyond markets. It operates through SS Mobile, Mobile Exchange Wala and The Mobile Space, selling new and pre-owned smartphones, accessories, televisions, laptops and tablets along with related services. The company operated 503 stores across 215 cities as of March 2026 and had expanded to 536 stores by July 2026, with Maharashtra accounting for the majority of its network.

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About SS Retail IPO

Issue structure, listing outcome and context

The ₹500 crore IPO comprised a ₹360 crore fresh issue and ₹140 crore offer for sale, priced at ₹424 per share at the upper end. The company proposed to use fresh issue proceeds mainly toward incremental working capital, store fit-outs and general corporate purposes. The shares listed on NSE at ₹624, a 47.17% premium to the issue price, and closed at ₹748.80, representing a 76.60% gain over the issue price.

Listing day performance

Listing Gain (Open)

+47.17%

Listing Gain (Close)

+76.60%

Day Change After Listing

+20.00%

Retail Quota

35.0%

Subscription breakdown

Final (Day 3) subscription

Number of times each investor category subscribed by close of Day 3.

QIB214.22x

HNI / NII150.79x

Retail38.26x

Overall108.69x

Day-wise overall subscription

How overall subscription built up across the three-day issue window.

Day 11.52x

Day 26.08x

Day 3 (Final)108.69x

SS Retail IPO GMP history

Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.

Day	GMP (Rs)	GMP %
Day 1	Rs 140	+33.00%
Day 2	Rs 120	+28.30%
Day 3	Rs 137	+32.50%
Day 4	Rs 148	+34.90%
Day 5	Rs 147	+34.70%

GMP Prediction vs IPOGyani AI Prediction

Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.

GMP Prediction Range

28.3%-34.9%

IPOGyani AI Prediction

23.7%

Actual Listing Gain

+47.2%

Prediction Accuracy: 23.5 pp (Variance observed)

Issue & financials

Issue SizeRs 500 Cr

Fresh IssueRs 360 Cr

OFSRs 140 Cr

IPO PE46.54

Peer / Sector PE31.89

PE vs Sector Ratio1.46

Latest EBITDA (Cr)125.15

Debt / Equity0.58

Market context at listing

How the broader market moved around the SS Retail IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.

Nifty 3D Return-

Nifty 1W Return-

Nifty 1M Return-

Nifty during IPO window-