SS Retail Shares List At ₹639.10, Gain 50.73% Over ₹424 IPO Price

Mumbai, September 23, 2026: SS Retail shares made a strong debut on the NSE and BSE on Wednesday, listing at ₹639.10 per share against the IPO price of ₹424. The listing price represented a ₹215.10 premium, or 50.73%, over the issue price.

The debut followed SS Retail’s ₹500 crore IPO, which comprised a fresh issue of 85.08 lakh shares worth ₹360 crore and an offer for sale of 33.02 lakh shares worth ₹140 crore. The issue was subscribed 107.41 times overall.

SS Retail Shares List At ₹639.10 Against ₹424 IPO Price

SS Retail shares opened at ₹639.10 on the NSE and BSE, significantly above the final issue price of ₹424 per share.

The stock therefore started trading at a premium of ₹215.10 per share, translating into a 50.73% listing gain for investors allotted shares at the IPO price.

The company had fixed the IPO price band at ₹403–424 per share and finalised the issue price at the upper end of the band.

Shares Trade At ₹616.75 By 10:34 AM

After listing at ₹639.10, SS Retail shares moved lower during the morning session. At 10:34 AM IST on September 23, the stock was trading at ₹616.75.

At this level, the shares were ₹22.35, or 3.50%, below the listing price. Compared with the IPO price of ₹424, the stock was still trading ₹192.75, or 45.46%, higher.

The market snapshot showed a trading volume of 6,330 shares at the time.

₹500 Crore IPO Included Fresh Issue And OFS

SS Retail raised ₹500 crore through a combination of fresh issue and offer for sale.

The fresh issue comprised 85.08 lakh shares aggregating ₹360 crore, while existing shareholders offered 33.02 lakh shares worth ₹140 crore through the OFS component.

The total issue comprised 1.18 crore shares.

IPO Received 107.41 Times Subscription

The SS Retail IPO received overall subscription of 107.41 times, with bids for 89,77,01,245 shares against 83,57,354 shares offered across the public categories.

The QIB portion, excluding the anchor allocation, was subscribed 214.22 times. The NII category received 150.33 times subscription, while the retail portion was subscribed 35.81 times.

The issue received 40,97,637 applications by the close of bidding on September 18.

QIB Portion Received 214.22 Times Subscription

The QIB category recorded the highest subscription among the major investor categories, excluding the anchor allocation.

QIB investors bid for 49,30,99,775 shares against 23,01,886 shares offered, resulting in subscription of 214.22 times.

Within the NII category, applications above ₹10 lakh were subscribed 165.06 times, while the portion below ₹10 lakh received 120.85 times subscription.

Retail Investors Saw 35.81 Times Subscription

The retail portion received bids for 14,42,56,525 shares against 40,28,301 shares offered, resulting in subscription of 35.81 times.

The employee portion, which included a reservation of up to 3,00,751 shares, was subscribed 2.72 times. Employees were offered the shares at a discount of ₹25 to the issue price.

Minimum Retail Application Was ₹14,840

The minimum retail application was fixed at 35 shares. At the final issue price of ₹424 per share, the minimum application amount was ₹14,840.

The IPO also included an employee reservation of up to 3,00,751 shares, with eligible employees receiving a ₹25 discount to the issue price.

SS Retail Debut Follows 107.41 Times IPO Subscription

SS Retail shares began trading at ₹639.10 on September 23, marking a 50.73% premium over the ₹424 issue price. The stock subsequently moved to ₹616.75 by 10:34 AM IST.

The listing followed a three-day IPO that attracted 107.41 times overall subscription, with QIB investors subscribing 214.22 times, NII investors 150.33 times and retail investors 35.81 times.

Source:

• https://www.bseindia.com/stock-share-price/ss-retail-ltd/ssretail/544934