Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of RSB Retail India Ltd. on December 12, 2025. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
RSB Retail India Ltd. IPO is a Book Build Issue consisting of fresh issue of ₹500.00 crores and an offer for sale (OFS) of upto 2.99 crore equity shares.
The equity shares are proposed to be listed on NSE and BSE. Motilal Oswal Investment Advisors Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to RSB Retail India IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Fresh Issue | [.] shares (agg. up to ₹500 Cr) |
| Offer for Sale | 2,98,78,946 shares of ₹2 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 28,38,50,000 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Thu, Aug 14, 2025 |
| SEBI/Exchange approval received | Fri, Dec 12, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
RSB Retail is a multi-format retail company serving customers from different income groups, including premium, mid-premium, and value segments. Its stores come in different formats, such as multi-brand outlets for men, women, and children; exclusive ethnic wear stores for men and women; and large hypermarkets.
The company's clothing range includes ethnic wear, casual wear, and formal wear. It is one of the leading multi-format retailers in Telangana and Andhra Pradesh, based on the number of stores as of March 31, 2025.
The company mainly sells through five key brick-and-mortar store formats, and by March 31, 2025, we had 73 stores in 22 cities across three South Indian states. As of March 31, 2025, its store format include R.S. Brothers, South India Shopping Mall, Kanchipuram Narayani Silks, De Royal, and Value Zone.
As of March 31, 2025, we had 107 job workers and 3,888 suppliers.
Competitive Strengths
RSB Retail India Ltd.'s revenue increased by 10% and profit after tax (PAT) rose by 69% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 2,023.33 | 1,537.67 | 1,206.78 |
| Total Income | 2,718.34 | 2,479.12 | 2,145.64 |
| Profit After Tax | 104.42 | 61.67 | 67.82 |
| EBITDA | 373.83 | 266.11 | 219.29 |
| NET Worth | 456.89 | 351.71 | 289.26 |
| Reserves and Surplus | 400.16 | 344.40 | 282.72 |
| Total Borrowing | 335.03 | 255.73 | 126.64 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/ prepayment, in part or full, of certain loan facilities availed by our Company | 275.00 |
| 2 | Setting up of new stores under the formats of “R. S. Brothers” and “South India Shopping Mall | 118.18 |
| 3 | General corporate purpose |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 25.83% |
| ROCE | 28.95% |
| Debt/Equity | 2.35 |
| RoNW | 22.85% |
| PAT Margin | 3.84% |
| EBITDA Margin | 13.88% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs fees and commissions (including underwriting commission, brokerage and selling commission) | |
| 2 | Commission/ processing fee for SCSBs and Bankers to the Offer and fees payable to the Sponsor Bank(s) for Bids made by UPI Bidders. Brokerage, selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | |
| 3 | Fees payable to the Registrar to the Offer | |
| 4 | Fees payable to advisors and consultants to the Offer | |
| 5 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | |
| 6 | Printing and stationery | |
| 7 | Advertising and marketing expenses | |
| 8 | Miscellaneous |
RSB Retail India IPO is a main-board IPO of 0 equity shares of the face value of ₹2 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The RSB Retail India IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in RSB Retail India IPO using UPI as a payment gateway. Zerodha customers can apply in RSB Retail India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in RSB Retail India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The RSB Retail India IPO dates are not announced. Please check back again after some time.
RSB Retail India IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in RSB Retail India IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for RSB Retail India IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the RSB Retail India IPO allotment status.
The RSB Retail India IPO listing date is not yet announced. The tentative date of listing is .
