Ratnadeep Retail gets SEBI nod for IPO

Hyderabad: City-based 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), an update with the capital markets regulator showed.

The proposed IPO is a combination of a fresh issue of equity shares aggregating up to Rs400 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).

The firm proposes to utilize Rs40 crore from the Net Proceeds of the Fresh Issue towards repayment/ prepayment of availedloan facilities, Rs260 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. The company offers a wide and diversified product assortment of more than 30,000 SKUs across categories like fresh produce, FMCG, staples, general merchandise and apparel, enabling it to cater to the full spectrum of customer demand spanning essential, recurring and discretionary consumption.

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