Latest news with #PottiVenkateswarlu
Time of India
5 days ago
- Business
- Time of India
Hyd-based apparel retailer RSB Retail files DRHP for Rs 1500 crore IPO
HYDERABAD: RSB Retail India Limited, a Hyderabad-based multi-format apparel retailer that was formerly known as R S Brothers Retail India Limited, has filed the draft red herring prospectus (DRHP) with markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO, which is pegged at around Rs 1,500 crore by market sources, includes a combination of a fresh issue of equity shares of up to Rs 500 crore and an offer for sale (OFS) of around 2.98 crore equity shares by the selling shareholders of the company. The selling shareholders, as part of the OFS, include promoters Potti Venkateswarlu, Seerna Rajamouli, Tiruveedhula Prasada Rao, Potti Venkata Sai Abhinay, Seerna Suresh, Tiruveedhula Rakesh, Tiruveedhula Keshav Gupta. The other selling shareholders are Maturu Venkata Lakshmi Sindhu, Gourishetty Lalitha and Potti Malathi Lakshmi Kumari. According to the DRHP, the retailer proposes to use the proceeds from the fresh issue to repay or prepary debt of around Rs 275 crore of debt, use Rs 118 crore for setting up new stores under the R S Brothers and South India Shopping Mall formats and utilise remaining funds for general corporate purposes. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo The retailer, which had 73 stores across 22 cities in the three South Indian states of Telangana, Andhra Pradesh and Karnataka, logged a profit after tax of Rs 104 crore in FY25 on revenues of Rs 2694 crore. It primarily operates through five key brick-and-mortar store formats – R S Brothers, South India Shopping Mall, Kanchipuram Narayani Silks, Dè Royal and Value Zone Hyper Mart. Though RSB Retail was set up in 2008, the journey of RS Brothers began in 1999 when their first outlet was rolled out in Koti area of Hyderabad. Motilal Oswal Investment Advisors Limited, HDFC Bank Limited and IIFL Capital Services Limited are the book running lead managers to the issue. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
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Business Standard
5 days ago
- Business
- Business Standard
RSB Retail files for ₹500 crore IPO to boost expansion and repay debt
RSB Retail India, a Hyderabad-based multi-format apparel retailer with 73 stores across Telangana, Andhra Pradesh, and Karnataka, has filed its draft red herring prospectus (DRHP) with Sebi for an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares worth up to Rs 500 crore and an offer for sale of up to 29.8 million shares by existing shareholders. Founded in 2008, RSB Retail offers ethnic, casual, and formal wear through five key formats, including South India Shopping Mall and Value Zone Hyper Mart. The company plans to utilise Rs 275 crore from the fresh issue to repay loans, Rs 118 crore for new store openings under R.S. Brothers and South India Shopping Mall, with the remainder directed towards general corporate purposes. Selling shareholders in the offer for sale (OFS) include Potti Venkateswarlu, Seerna Rajamouli, Tiruveedhula Prasada Rao, and others. In FY25, RSB Retail reported Rs 2,694 crore in revenue and Rs 104.4 crore in profit, achieving a CAGR of 12.55 per cent in revenue since FY23. According to Technopak, South India's apparel market constituted 28 per cent of India's total apparel market in FY24, valued at Rs 1.72 trillion and projected to grow to Rs 3 trillion by FY29 at a CAGR of 12 per cent. Motilal Oswal Investment Advisors, HDFC Bank, and IIFL Capital Services are acting as book-running lead managers for the IPO.
Time of India
5 days ago
- Business
- Time of India
RSB Retail India files DRHP with SEBI for IPO, plans to raise Rs 500 crore via fresh issue
Hyderabad-based apparel retailer RSB Retail India Ltd has filed its draft red herring prospectus with the Securities and Exchange Board of India for an initial public offering that will combine a Rs 500 crore fresh issue with an offer for sale of up to 2.98 crore equity shares by existing shareholders. The selling shareholders include Potti Venkateswarlu, Seerna Rajamouli, Tiruveedhula Prasada Rao, Potti Venkata Sai Abhinay, Seerna Suresh, Tiruveedhula Rakesh, Tiruveedhula Keshav Gupta, Maturu Venkata Lakshmi Sindhu, Gourishetty Lalitha and Potti Malathi Lakshmi Kumari. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Sterling Heights Here's The Average Price of a 6-Hour Gutter Upgrade Undo Proceeds utilisation According to the DRHP, RSB Retail plans to use Rs 275 crore from the fresh issue to repay or prepay certain loans. Another Rs 118 crore has been earmarked for setting up new stores under its R. S. Brothers and South India Shopping Mall formats, with the remainder to be deployed for general corporate purposes. Business footprint Incorporated in 2008, RSB Retail traces its origins to 1999, when the first R.S. Brothers store was launched in Koti, Hyderabad. As of March 31, 2025, the company operated 73 stores across 22 cities in Telangana , Andhra Pradesh and Karnataka, spanning five brick-and-mortar formats — South India Shopping Mall, R.S. Brothers, Kanchipuram Narayani Silks, Dè Royal and Value Zone Hyper Mart. Financials The company reported revenue from operations of Rs 2,694 crore in FY25, reflecting a compound annual growth rate of 12.55% between FY23 and FY25. Profit after tax stood at Rs 104.4 crore in FY25. Market outlook According to a Technopak analysis cited in the DRHP, the apparel market in South India accounted for 28% of the total apparel market and was valued at Rs 1,723 billion in FY24. It is projected to grow at a CAGR of 12% to Rs 3,050 billion by FY29. Lead managers Motilal Oswal Investment Advisors Limited, HDFC Bank Limited and IIFL Capital Services Limited are the book running lead managers to the issue. Live Events
Economic Times
5 days ago
- Business
- Economic Times
RSB Retail India files DRHP with SEBI for IPO, plans to raise Rs 500 crore via fresh issue
RSB Retail India, based in Hyderabad, is planning an IPO. Synopsis Hyderabad's RSB Retail India Ltd has filed for an IPO with SEBI, featuring a fresh issue of Rs 500 crore and an offer for sale of up to 2.98 crore shares. The retailer intends to use the funds to repay loans and establish new stores under its R. S. Brothers and South India Shopping Mall formats. Hyderabad-based apparel retailer RSB Retail India Ltd has filed its draft red herring prospectus with the Securities and Exchange Board of India for an initial public offering that will combine a Rs 500 crore fresh issue with an offer for sale of up to 2.98 crore equity shares by existing shareholders. ADVERTISEMENT The selling shareholders include Potti Venkateswarlu, Seerna Rajamouli, Tiruveedhula Prasada Rao, Potti Venkata Sai Abhinay, Seerna Suresh, Tiruveedhula Rakesh, Tiruveedhula Keshav Gupta, Maturu Venkata Lakshmi Sindhu, Gourishetty Lalitha and Potti Malathi Lakshmi Kumari. According to the DRHP, RSB Retail plans to use Rs 275 crore from the fresh issue to repay or prepay certain loans. Another Rs 118 crore has been earmarked for setting up new stores under its R. S. Brothers and South India Shopping Mall formats, with the remainder to be deployed for general corporate purposes. Incorporated in 2008, RSB Retail traces its origins to 1999, when the first R.S. Brothers store was launched in Koti, Hyderabad. As of March 31, 2025, the company operated 73 stores across 22 cities in Telangana, Andhra Pradesh and Karnataka, spanning five brick-and-mortar formats — South India Shopping Mall, R.S. Brothers, Kanchipuram Narayani Silks, Dè Royal and Value Zone Hyper Mart. The company reported revenue from operations of Rs 2,694 crore in FY25, reflecting a compound annual growth rate of 12.55% between FY23 and FY25. Profit after tax stood at Rs 104.4 crore in FY25. According to a Technopak analysis cited in the DRHP, the apparel market in South India accounted for 28% of the total apparel market and was valued at Rs 1,723 billion in FY24. It is projected to grow at a CAGR of 12% to Rs 3,050 billion by FY29. Motilal Oswal Investment Advisors Limited, HDFC Bank Limited and IIFL Capital Services Limited are the book running lead managers to the issue.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) NEXT STORY
