RSB Retail India IPO Details
RSB Retail India Limited filed its draft red herring prospectus with SEBI on 14 Aug 2025 and Sebi Approval received on 12 Dec 2025. Price band, lot size and issue dates are announced only after SEBI observations and the RHP filing.
Last updated
- Stage
- SEBI Approved
- DRHP filed
- 14 Aug 2025
- SEBI Approval
- 12 Dec 2025
- Issue size
- —
- Board
- Mainboard
- Price band
- TBA
RSB Retail India IPO status
RSB Retail India Limited filed its draft red herring prospectus (DRHP) with SEBI on and SEBI Approval received on . The issue can open only after SEBI issues its observations and the company files the RHP with the price band.
| DRHP filed | 14 Aug 2025 |
|---|---|
| Days since filing | 443 |
| SEBI observation | 12 Dec 2025 |
| Price band | TBA |
| Issue dates | TBA |
Share reservation by category
| Category | Shares Details |
|---|---|
| Qualified Institutions | Not More Than 50% of the Net Issue |
| Retail Investors | Not Less Than 35% of the Net Issue |
| Non-Institutional | Not Less Than 15% of the Net Issue |
RSB Retail India Limited financials
Between 31 Mar 2024 and 31 Mar 2025, Income rose from ₹2,479.12 Cr to ₹2,718.34 Cr, and profit after tax rose from ₹61.67 Cr to ₹104.42 Cr. The PAT margin for 31 Mar 2025 was 3.84%.
| Period ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 2,023.33 | 1,537.67 | 1,206.78 |
| Total Income | 2,718.34 | 2,479.12 | 2,145.64 |
| Profit After Tax | 104.42 | 61.67 | 67.82 |
| Net Worth | 456.89 | 351.71 | 289.26 |
| Reserve & Surplus | 400.16 | 344.40 | 282.72 |
| Total Borrowings | 335.03 | 255.73 | 126.64 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 25.83 | 19.24 | 26.55 |
| ROCE % | 28.95 | 24.39 | 30.44 |
| Debt / Equity | 2.35 | 2.04 | 1.73 |
| RoNW % | 22.85 | 17.54 | 23.45 |
| Pat Margin % | 3.84 | 2.49 | 3.16 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| RSB Retail India Limited | 2 | — | 3.68 | 3.68 | 22.85% | 16.10 |
| V2 Retail Limited | 10 | 82.91 | 20.83 | 20.83 | 20.80% | 100.11 |
| V-Mart Retail Limited | 10 | 132.03 | 5.78 | 5.72 | 5.65% | 102.08 |
| Baazar Style Limited | 5 | 153.09 | 2.02 | 2.02 | 3.63% | 54.12 |
| Sai Silks (Kalamandir) Limited | 2 | 29.22 | 5.80 | 5.80 | 7.54% | 76.81 |
| Shoppers Stop Limited | 5 | 527.53 | 0.99 | 0.99 | 3.39% | 29.18 |
| Aditya Birla Fashion and Retail Limited | 10 | — | -3.53 | -3.53 | 0.00% | 55.83 |
| Trent Limited | 1 | 125.12 | 43.51 | 43.51 | 27.48% | 157.06 |
| Vishal Mega Mart Limited | 10 | 104.45 | 1.40 | 1.36 | 9.87% | 13.92 |
| Avenue Supermarts Limited | 10 | 100.83 | 41.61 | 41.50 | 12.64% | 329.27 |
Notes
All the financial information for listed industry peers mentioned above is on an audited consolidated basis and sourced from the results and audited financial statements of the relevant companies for the financial year 2024-25, as available on the websites of the Stock Exchanges.
The basic and diluted Earnings per Equity Share for the year presented for RS Brothers Retail India Limited have been calculated/restated after considering the share split and bonus issue during the financial year 2024-25
Basic and diluted EPS refers to the Basic and diluted EPS sourced from the publicly available financial results of the respective companies for the financial year 2024-25.
P/E Ratio has been computed based on the closing market price on August 11,2025 of equity shares on BSE, divided by the EPS provided under Note (3) above.
Return on Net Worth (%) =Net Profit after tax attributable to owners of the Company/ Net Worth at the end of the year.
Net Asset Value per Equity Share (in ₹) = Net worth at the end of the year / Weighted number of equity shares outstanding at the end of the year.
N.A. – Not Applicable at this stage.
For Aditya Birla Fashion & Retail Limited, Revenue from operations and RONW% is considered basis financials for continuing operations.
Number of equity shares have been considered after adjusting for corporate action i.e., issuance of bonus shares for calculation of Net asset value per equity share and Basic & Diluted EPS for V-mart Retail Limited
From the prospectus. P/E is shown as — when earnings are zero or negative, or not reported for the issuer before listing.
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective |
|---|---|
| 1 | Repayment/ prepayment, in part or full, of certain loan facilities availed by our Company |
| 2 | Setting up of new stores under the formats of “RS Brothers” and “South India Shopping Mall” |
| 3 | General corporate purpose |
About RSB Retail India Limited
RSB Retail is a multi-format retail company catering to customers across various income segments, including premium, mid-premium, and value-conscious consumers. The company operates through diverse retail formats, including multi-brand outlets for men, women, and children; exclusive ethnic wear stores for men and women; and large-format hypermarkets.
Its product portfolio includes a wide range of ethnic, casual, and formal apparel to meet the varied preferences of its customers. Based on the number of stores as of March 31, 2025, the company is one of the leading multi-format retailers in Telangana and Andhra Pradesh.
The company primarily operates through five key brick-and-mortar retail formats: R.S. Brothers, South India Shopping Mall, Kanchipuram Narayani Silks, De Royal, and Value Zone. As of March 31, 2025, RSB Retail operated 73 stores across 22 cities in three South Indian states, supported by a network of 107 job workers and 3,888 suppliers.
Promoters
- Potti Venkateswarlu
- Seerna Rajamouli
- Tiruveedhula Prasada Rao
- Potti Venkata Sai Abhinay
- Seerna Suresh
- Tiruveedhula Rakesh
- Tiruveedhula Keshav Gupta
Contact details
RSB Retail India Ltd.
Door No:7-2-1740, Opposite to Fire Station Office,
Main Road, Sanath Nagar, Rangareddi district,
Hyderabad, Telangana, 500018
Phone: 040 6742 9915
Email: cs@rsbretail.com
Website: http://www.rsbretail.com/
RSB Retail India IPO FAQs
- Has RSB Retail India IPO filed for an IPO?
- RSB Retail India Limited filed its draft red herring prospectus (DRHP) with SEBI on 14 Aug 2025.
- When will the RSB Retail India IPO open?
- Issue dates are announced after SEBI observations and the RHP filing. They are not available yet.
- What is the RSB Retail India IPO price band?
- The price band is announced a few days before the issue opens. It is not available yet.
Details are from the draft prospectus and can change in the final RHP. This is not investment advice.