Ratnadeep Retail files IPO papers with Sebi; intends to raise Rs 400 cr via fresh issue

Ratnadeep Retail has filed a DRHP with Sebi for an IPO comprising a fresh issue of up to Rs 400 crore and an Offer for Sale of around 1.49 crore equity shares by promoters Sandeep Agarwal, Manish Bhartiya, Mitesh Bhartiya, Yash Agarwal and Kavita Agarwal. The Hyderabad-based grocery and value fashion retailer plans to deploy Rs 260 crore towards new stores under its Ratnadeep and National Mart formats, Rs 40 crore for debt repayment, and the balance for general corporate purposes, with a possible pre-IPO placement of up to Rs 80 crore. For FY26, the company reported revenue from operations of Rs 2,223 crore and profit after tax of about Rs 37 crore across 190 stores in Andhra Pradesh, Telangana and Karnataka, with Motilal Oswal, Axis Capital and DAM Capital as book-running lead managers.