Ratnadeep Retail, a growing supermarket chain, submitted its preliminary papers on July 1 to the Securities and Exchange Board of India to raise funds via an Initial Public Offering (IPO).
According to the DRHP, the firm will raise ₹400 crore via a fresh issue and up to 1.48 crore shares via an offer-for-sale (OFS) by its promoters.
In the OFS component, the promoters Sandeep Agarwal will sell 8,544,500 Equity Shares, Manish Bhartiya will sell up to 3,157,750 Equity Shares, and Mitesh Bhartiya will sell up to 3,157,750 Equity Shares.
The company may also plan to raise ₹80 crore in a pre-IPO placement. If the pre-IPO round takes place, the fund of ₹80 crore will be reduced from the fresh issue.
The proceeds of ₹260 crore raised from the fresh issue will be used for opening new Ratnadeep and National Mart stores. A fund of ₹40 crore is allocated for debt repayment. The remaining proceeds are to be used for general corporate purposes.
Ratnadeep Retail is one of the leading organized retail chains that sells food, groceries, and fashion products in South India, with its stores operating across Andhra Pradesh, Telangana, and Karnataka. Its product range includes more than 30,000 unique products in fresh fruits and vegetables, dairy products, staples, FMCG items, general merchandise, and apparel.
The book-running lead managers for the issue are Motilal Oswal Investment Advisors, Axis Capital, and DAM Capital Advisors. Moreover, Avenue Supermarts, Trent, Spencer’s Retail, and Vishal Mega Mart are the listed peers of Ratandeep Retail.
Financially, in FY26, the firm generated revenue of ₹2,223.1 crore, a 11.8% increase from ₹1,987.7 crore. In the same year, the profit stood at ₹36.7 crore, recovering from the loss of ₹26.6 crore in the previous year.
Ratnadeep Retail IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
Ratnadeep Retail Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2024 | ₹1681.79 | ₹1665.80 | ₹15.84 |
| 2025 | ₹1990.86 | ₹2017.66 | ₹26.69 |
| 2026 | ₹2227.00 | ₹2188.10 | ₹36.70 |
Ratnadeep Retail IPO Valuation – FY2026
Ratnadeep Retail IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹3.36 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 26.89% |
| Net Asset Value (NAV): | ₹12.50 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Avenue Supermarts Limited | 45.65 | 92.04 | 12.14 | 375.21 | 68,820.74 Cr. |
| Trent Limited | 48.37 | 59.89 | 25.61 | 187.77 | 20,074.21 Cr. |
| Spencers Retail Limited | (27.66) | NA | NA | NA | 1800 Cr. |
| Vishal Mega Mart Limited | 1.8 | 65.34 | 11.32 | 15.86 | 12,906.32 Cr. |
Objects of the Issue
- Repayment/ prepayment, in part or in full, of certain loan facilities availed by the Company;
- Setting up of new stores under the formats of (i) “Ratnadeep” and (ii) “National Mart” (together “Store Formats”); and
- General corporate purposes.
IPO Lead Managers aka Merchant Bankers
- Motilal Oswal Investment Advisors Limited
- Axis Capital Limited
- DAM Capital Advisors Limited
