Skip to main content

MoneyWorks4Me

Ratnadeep Retail gets SEBI’s nod to raise funds via IPO

31 Oct 2026 Evaluate

Ratnadeep Retail has received the Securities and Exchange Board of India’s (SEBI) approval to raise funds through initial public offering (IPO). The company’s IPO comprises a fresh issue of equity shares aggregating up to Rs 400 crore and an OFS of nearly 1.49 crore equity shares by promoters.

The company proposes to utilise Rs 260 crore for setting up new stores under its Ratnadeep and National Mart formats, Rs 40 crore for debt payment and the balance towards general corporate purposes. Motilal Oswal Investment Advisors, Axis Capital and DAM Capital Advisors are the book-running lead managers to the issue. 

Ratnadeep Retail operates an organised retail business focused on food, grocery and value fashion across Andhra Pradesh, Telangana and Karnataka.  


Peers
Company Name CMP
Avenue Supermarts 3412.00
Trent 3055.15
Vishal Mega Mart 91.00
PN Gadgil Jewellers 581.65
Aditya Birla Life 73.76
View more..