Newsletter
RSB Retail India has filed its draft papers with SEBI to raise around ₹1,500 crore.
RSB Retail India runs multi-brand outlets, ethnic stores, and hypermarkets, positioning itself as a leading retailer in Telangana and Andhra Pradesh.
The deets: the IPO will include a fresh issue of shares worth ₹500 crore along with an offer-for-sale of 2.98 crore promoter shares.
Zoom out: India’s retail market is expected to touch ₹92.6 lakh crore in FY25, with clothes and accessories making up a big part at ₹6.9 lakh crore. Affordable fashion and online–offline shopping growth are driving this rise.
South India alone made up 28% of the country’s apparel market in FY24, worth ₹1.72 lakh crore, and it’s projected to almost double to ₹3.05 lakh crore by FY29, growing about 12% every year.
