Ratnadeep Retail gets SEBI’S nod for ₹400 crore IPO

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SENSEX 74,459.53

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+ 116.35

NIFTY 23,053.10

+ 116.35

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+ 206.00

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+ 206.00

GOLD 138,475.00

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The Hyderabad-based company plans a 400 crore fresh equity issue plus an OFS of up to 1.49 crore shares by promoter selling shareholders, per the DRHP

By BL Hyderabad Bureau

Updated - October 31, 2026 at 11:16 AM. | Hyderabad

Ratnadeep Retail Limited, an organised food and grocery and value-fashion retailer, has received SEBI’s go ahead to raise funds through an initial public offering (IPO).

The proposed IPO of the Hyderabad headquartered company is a combination of a fresh issue of equity shares aggregating up to ₹400 crore and an offer for sale (OFS) of up to 1.49 crore equity shares by the Promoter Selling Shareholders, according to the draft red herring prospectus (DRHP).

Ratnadeep Retail proposes to utilise ₹40 crore from the the Net Proceeds of the Fresh Issue towards repayment/ prepayment of loan facilities availed by the company, ₹260 crore for setting up of new stores under the Ratnadeep and National Mart formats, and the remaining amount for general corporate purposes.

The company, which filed its draft prospectus with SEBI in July 2026, obtained its observations this week, as per the update. In the context of the IPO, receiving SEBI’s observations is equivalent to its go ahead to proceed with the public issue.

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

As of March 31, 2026, Ratnadeep Retail operated 190 stores under two formats - Ratnadeep, comprising ‘Ratnadeep - Mindful Living’ (neighbourhood supermarkets) and ‘Ratnadeep Select’ (premium food stores), and National Mart, its value-led hypermarket format, within which it also has Style Mart offering affordable fashion products.

Ratnadeep Retail’s FY26 revenue from operations stood at ₹2,223 crore, recording a 15% CAGR from FY24. The profit after tax (PAT) for the same period stood at ₹36.7 crore.

Published on October 31, 2026

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