Latest news with #RSBRetailIndia
The Hindu
5 days ago
- Business
- The Hindu
RSB Retail India files draft IPO papers with SEBI; seeks to raise ₹1,500 crore
RSB Retail India Ltd, a multi-brand retail chain in south India, has filed preliminary papers with markets regulator Sebi for an initial public offering (IPO), and people familiar with the matter indicated the issue could raise around ₹1,500 crore. The proposed IPO is a combination of a fresh issue of equity shares aggregating up to ₹500 crore and an offer for sale (OFS) of up to 2.98 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed on Thursday. The Hyderabad-based company plans to utilise the net proceeds to the tune of ₹275 crore for payment of debt, ₹118 crore for setting up of new stores under the R. S. Brothers and South India Shopping Mall formats; and rest for general corporate purposes. Incorporated in 2008, RSB Retail is a leading multi-format apparel retailer catering to premium, mid-premium, and value customer segments offering ethnic wear, everyday casual wear and formal wear. As of March 31, 2025, RSB Retail had 73 stores across 22 cities in three south Indian states — Telangana, Andhra Pradesh and Karnataka. It operates through five key brick-and-mortar store formats — South India Shopping Mall, R.S. Brothers, Kanchipuram Narayani Silks, Dí¨Royal and Value Zone Hyper Mart. In fiscal 2025, RSB Retail India registered a revenue from operations of ₹2,694 crore and profit after tax of ₹104.4 crore. According to Technopak report, the Indian retail industry is poised for strong growth, with the total market expected to reach ₹92.6 lakh crore in fiscal 2025. Within this, apparel and accessories constitute a major segment, projected at ₹6.90 lakh crore, supported by rising demand for value and affordability as well as the expansion of omni-channel retail models. Technopak estimates that the apparel market in south India accounted for 28% of the national apparel market, valued at ₹1.72 lakh crore in fiscal 2024. This market is expected to grow at a compound annual growth rate of 12 per cent to touch ₹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 manage its public issue.
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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.
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Business Standard
5 days ago
- Business
- Business Standard
RSB Retail files draft IPO papers with Sebi, seeks to raise ₹1,500 cr
RSB Retail India Ltd, a multi-brand retail chain in south India, has filed preliminary papers with markets regulator Sebi for an initial public offering (IPO), and people familiar with the matter indicated the issue could raise around ₹1,500 crore. The proposed IPO is a combination of a fresh issue of equity shares aggregating up to ₹500 crore and an offer for sale (OFS) of up to 2.98 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed on Thursday. The Hyderabad-based company plans to utilise the net proceeds to the tune of ₹275 crore for payment of debt, ₹118 crore for setting up of new stores under the R S Brothers and South India Shopping Mall formats; and rest for general corporate purposes. Incorporated in 2008, RSB Retail is a leading multi-format apparel retailer catering to premium, mid-premium, and value customer segments offering ethnic wear, everyday casual wear and formal wear. As of March 31, 2025, RSB Retail had 73 stores across 22 cities in three south Indian states -- Telangana, Andhra Pradesh and Karnataka. It operates through five key brick-and-mortar store formats -- South India Shopping Mall, R.S. Brothers, Kanchipuram Narayani Silks, D Royal and Value Zone Hyper Mart. In fiscal 2025, RSB Retail India registered a revenue from operations of ₹2,694 crore and profit after tax of ₹104.4 crore. According to Technopak report, the Indian retail industry is poised for strong growth, with the total market expected to reach Rs 92.6 lakh crore in fiscal 2025. Within this, apparel and accessories constitute a major segment, projected at ₹6.90 trillion, supported by rising demand for value and affordability as well as the expansion of omni-channel retail models. Technopak estimates that the apparel market in south India accounted for 28 per cent of the national apparel market, valued at Rs 1.72 lakh crore in fiscal 2024. This market is expected to grow at a compound annual growth rate of 12 per cent to touch Rs 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 manage its public issue. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
6 days ago
- Business
- Time of India
RSB Retail to file for Rs 1,500 crore IPO soon
Synopsis RSB Retail India, previously known as RS Brothers Retail India, is preparing to launch an IPO to raise approximately ₹1,500 crore. The South India-based multi-brand retail chain will soon file its DRHP with Sebi. The IPO will consist of both a fresh share sale and an offer for sale from promoters and existing investors.
