RSB Retail India recordsdata draft IPO papers with SEBI; seeks to lift 1,500 crore

RSB Retail India Ltd, a multi-brand retail chain in south India, has filed preliminary papers with markets regulator Sebi for an preliminary public providing (IPO), and folks acquainted with the matter indicated the difficulty may elevate round ₹1,500 crore.

The proposed IPO is a mix of a contemporary challenge of fairness shares aggregating as much as ₹500 crore and a suggestion on the market (OFS) of as much as 2.98 crore fairness shares by promoters, in keeping with the draft purple herring prospectus (DRHP) filed on Thursday.

The Hyderabad-based firm plans to utilise the web proceeds to the tune of ₹275 crore for cost of debt, ₹118 crore for establishing of recent shops underneath the R. S. Brothers and South India Shopping Mall codecs; and relaxation for basic company functions.

Incorporated in 2008, RSB Retail is a number one multi-format attire retailer catering to premium, mid-premium, and worth buyer segments providing ethnic put on, on a regular basis informal put on and formal put on.

As of March 31, 2025, RSB Retail had 73 shops throughout 22 cities in three south Indian states — Telangana, Andhra Pradesh and Karnataka. It operates by means of 5 key brick-and-mortar retailer codecs — South India Shopping Mall, R.S. Brothers, Kanchipuram Narayani Silks, DèRoyal and Value Zone Hyper Mart.

In fiscal 2025, RSB Retail India registered a income from operations of ₹2,694 crore and revenue after tax of ₹104.4 crore.

According to Technopak report, the Indian retail trade is poised for sturdy progress, with the full market anticipated to succeed in ₹92.6 lakh crore in fiscal 2025. Within this, attire and equipment represent a serious section, projected at ₹6.90 lakh crore, supported by rising demand for worth and affordability in addition to the growth of omni-channel retail fashions.

Technopak estimates that the attire market in south India accounted for 28% of the nationwide attire market, valued at ₹1.72 lakh crore in fiscal 2024. This market is anticipated to develop at a compound annual progress charge of 12 per cent to the touch ₹3.05 lakh crore by fiscal 2029.

Motilal Oswal Investment Advisors, HDFC Bank and IIFL Capital Services have been appointed by RSB Retail India to handle its public challenge.