IPO forward: Worth-fashion retailer Ratnadeep Retail will get Sebi nod to boost funds by public situation
The proposed IPO of the Hyderabad-based firm includes a recent situation of fairness shares aggregating as much as Rs 400 crore and a suggestion on the market (OFS) of as much as 1.49 crore fairness shares by the promoter promoting shareholders, in keeping with its draft crimson herring prospectus (DRHP).
The corporate plans to utilise Rs 40 crore from the web proceeds of the recent situation in direction of reimbursement or prepayment of sure borrowings. One other Rs 260 crore might be deployed in direction of increasing its retail footprint by the addition of recent shops below the Ratnadeep and Nationwide Mart codecs. The stability proceeds might be used for basic company functions.
Motilal Oswal Funding Advisors, Axis Capital and DAM Capital Advisors are the book-running lead managers to the problem.
Ratnadeep Retail presents a diversified portfolio of greater than 30,000 stock-keeping items (SKUs) throughout recent produce, fast-moving shopper items (FMCG), staples, basic merchandise and attire. Its product assortment caters to each important and discretionary shopper spending.
As of March 31, 2026, the corporate operated 190 shops throughout its two retail codecs. Underneath the Ratnadeep model, it operates ‘Ratnadeep – Conscious Residing’, a neighbourhood grocery store format, and ‘Ratnadeep Choose’, which focuses on premium meals retailing.The corporate additionally operates Nationwide Mart, a value-led hypermarket chain that homes Model Mart, its reasonably priced vogue retail providing.
Ratnadeep Retail may additionally undertake a pre-IPO placement of fairness shares aggregating as much as Rs 80 crore, in session with the book-running lead managers, earlier than submitting the crimson herring prospectus with the Registrar of Firms (RoC). Within the occasion of such a placement, the dimensions of the recent situation might be lowered by the quantity raised.
On the monetary entrance, the corporate reported income from operations of Rs 2,223 crore in FY26, registering a compound annual development price (CAGR) of 15% since FY24. Its revenue after tax (PAT) stood at Rs 36.7 crore throughout the fiscal.
In response to the DRHP, Avenue Supermarts, Vishal Mega Mart, Spencer’s Retail and Trent are among the many firm’s listed friends.
Disclosure: This text has been written by Kumar Gaurav, who will not be a Sebi-registered Analysis Analyst or an Funding Adviser. Gaurav and their ‘relative(s)’ (as outlined below Part 2(77) of the Firms Act, 2013) don’t maintain any monetary curiosity within the corporations talked about on this article as of the date of publication. The views/suggestions talked about on this article, wherever relevant, are these of the respective Sebi-registered Analysis Analyst/brokerage and have been reproduced/reported with due attribution. They shouldn’t be construed because the views or suggestions of The Financial Occasions Digital or the journalist. Readers are suggested to think about the unique analysis report and make their funding selections primarily based on their very own evaluation. Brokerage disclaimers right here
