RSB Retail India files draft papers with SEBI, likely to raise Rs 1,500 crore via IPO

RSB Retail India IPO

Multi-format retailer RSB Retail India, which started off its journey in the year 1999 with first RS Brothers store in Koti, Telangana, has filed draft papers with the SEBI on August 14 to raise funds via initial public offering for debt reduction and stores expansion. The media reports indicated that the company is likely to raise around Rs 1,500 crore through its IPO.

The IPO will be a combination of fresh issuance of shares worth Rs 500 crore, and an offer-for-sale of 2.98 crore shares by promoters.

Incorporated in 2008, RSB Retail India operating business through multibrand format outlets, exclusive ethnic format outlets, and hypermarkets claims to be a leading multi-format retailer in Telangana and Andhra Pradesh.

The company that sells products - ethnic wear, everyday casual wear, and formal wear - through brick-and-mortar store formats had 73 stores in three South Indian states as of March 2025. After Andhra Pradesh and Telangana, it also expanded presence through one Dè Royal store in Bengaluru.

RSB Retail India, which is earlier known as R S Brothers Retail India, plans to utilise Rs 275 crore of fresh issue proceeds for repaying debt, and Rs 118.2 crore for setting up of new stores under R S Brothers and South India Shopping Mall formats. The remainder funds will be used for general corporate purposes.

Click Here To Read All IPO News

The company that generates business through seven store formats - South India Shopping Mall, R S Brothers. Kanchipuram Narayani Silks, Dè Royal, Value Zone Hyper Mart, Ethnic Destination, and Status Exclusive Men’s Wear - recorded profit at Rs 104.4 crore in the fiscal 2025, growing at a CAGR of 24 percent during FY23-FY25.

Revenue stood at Rs 2,693.9 crore in the year ended March 2025, increasing at a CAGR of 12.6 percent during FY23-FY25.

Motilal Oswal Investment Advisors, HDFC Bank, and IIFL Capital Services are appointed as the book running lead managers for the RSB Retail India IPO.