Ratnadeep Retail files DRHP for IPO with ₹400 crore fresh issue plus OFS
South India food, grocery and value-fashion retailer Ratnadeep, operating 190 stores across brands like National Mart and Style Mart, has filed its DRHP with SEBI. The IPO pairs a ₹400 crore fresh issue with a 1.48 crore-share OFS, earmarking ₹260 crore for new stores. FY26 revenue stood at ₹2,223 crore with ₹36.7 crore PAT and 15% CAGR.
Ratnadeep Retail, a South India food, grocery and value-fashion retailer with 190 stores, filed its DRHP with SEBI for an IPO combining a ₹400 crore fresh issue and OFS, with ₹260 crore earmarked for new store expansion.
Why this matters
Ratnadeep Retail's DRHP filing formalizes its South India expansion push, backing prior signals on the ₹400 crore fresh issue and store growth funded by ₹260 crore of proceeds.
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