RSB Retail India has filed draft papers with SEBI for an initial public offering expected to raise around ₹1,500 crore. The proceeds will be used for debt repayment, store expansion, and general corporate purposes, marking a significant step in the company’s growth strategy.
RSB Retail India Limited, headquartered in Hyderabad, Telangana, is a leading multi-format retailer with a strong presence in Andhra Pradesh, Telangana, and parts of Karnataka. Founded in 1999 with its first RS Brothers store in Koti, the company has grown into a diversified retail player catering to a wide range of consumers through multiple store formats.
The company filed its draft red herring prospectus with the Securities and Exchange Board of India (SEBI) on August 14, 2025, outlining plans to raise close to ₹1,500 crore through its initial public offering (IPO). The issue will include a fresh equity issuance of ₹500 crore and an offer-for-sale (OFS) of 2.98 crore shares by promoters.
RSB Retail India operates under seven popular retail brands: South India Shopping Mall, RS Brothers, Kanchipuram Narayani Silks, Dè Royal, Value Zone Hyper Mart, Ethnic Destination, and Status Exclusive Men’s Wear. The company sells a wide mix of ethnic wear, casual wear, and formal wear through its brick-and-mortar outlets. As of March 2025, it had 73 stores across three South Indian states, with a recent entry into Bengaluru through its Dè Royal format.
The company plans to utilize ₹275 crore of fresh issue proceeds towards debt repayment, while ₹118.2 crore will go into setting up new outlets under RS Brothers and South India Shopping Mall. The balance funds will be allocated for general corporate purposes, including operational and marketing initiatives.
Financially, RSB Retail India has delivered strong growth. For FY25, it reported a net profit of ₹104.4 crore, marking a compound annual growth rate (CAGR) of 24% between FY23 and FY25. Revenue stood at ₹2,693.9 crore in FY25, growing at a CAGR of 12.6% over the same period. This consistent performance underscores its expanding customer base and resilience in India’s competitive retail landscape.
To manage the public issue, Motilal Oswal Investment Advisors, HDFC Bank, and IIFL Capital Services have been appointed as the book-running lead managers.
With a strong portfolio of stores, ambitious expansion plans, and rising demand for ethnic and value retail in India, the upcoming IPO could play a pivotal role in strengthening RSB Retail India’s market position.
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