Hyderabad’s Ratnadeep Retail gets SEBI observations for Rs 400 crore IPO
- SEBI observations on 27 October let Hyderabad supermarket chain Ratnadeep Retail proceed with its IPO.
- The company plans a Rs 400 crore fresh issue, plus promoters selling up to 1.49 crore of their shares.
- Rs 260 crore of the fresh issue is for new stores, Rs 40 crore for loans, and the rest for general needs.
- Ratnadeep earned Rs 36.7 crore after tax on revenue of Rs 2,223 crore in FY26, and ran 190 stores.
Source: newsmeter.in
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