Business
SEBI clears Ratnadeep Retail IPO up to Rs 400 crore
The Hindu BusinessLine·
Ratnadeep Retail received SEBI clearance for an IPO. The Hyderabad firm plans a fresh issue of up to Rs 400 crore and sale of up to 1.49 crore shares. It marks Rs 40 crore for loan repayment and Rs 260 crore for new stores. As of March 31, 2026, it ran 190 stores in Andhra Pradesh, Telangana and Karnataka.
Prism
What It Means For You
- Public investors will see a grocery and value-fashion retailer from three southern states enter the IPO pipeline.
- SEBI observations this week are treated as clearance to proceed with the issue process.
- Promoter selling shareholders can offload up to 1.49 crore shares in the OFS portion.
What's Happening
- The company filed its draft prospectus with SEBI in July 2026 and obtained observations this week.
- Formats include Ratnadeep neighbourhood and premium stores plus National Mart hypermarkets.
- FY26 revenue from operations was Rs 2,223 crore, with profit after tax of Rs 36.7 crore.
What the Fresh Issue Funds
- Rs 40 crore of fresh-issue net proceeds is marked for loan repayment or prepayment.
- Rs 260 crore is marked for new stores under Ratnadeep and National Mart formats.
- Remaining fresh-issue proceeds are listed for general corporate purposes.
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