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 other people acquainted with the matter indicated the difficulty might raise round ₹1,500 crore.
The proposed IPO is a mixture of a contemporary subject of fairness shares aggregating up to ₹500 crore and a suggestion on the market (OFS) of up to 2.98 crore fairness shares by promoters, in accordance to the draft pink 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 organising of latest shops beneath the R. S. Brothers and South India Shopping Mall codecs; and relaxation for common 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 way 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 business is poised for sturdy progress, with the entire market anticipated to attain ₹92.6 lakh crore in fiscal 2025. Within this, attire and equipment represent a significant phase, projected at ₹6.90 lakh crore, supported by rising demand for worth and affordability in addition to the enlargement 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 price of 12 per cent to contact ₹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 subject.