Hyderabad-based RSB Retail India gets SEBI nod for ₹500 crore IPO
Founded in 2008, RSB Retail traces its origins to 1999 with the launch of its first R.S. Brothers store in Koti, Hyderabad. As of March 31, 2025, the company operated 73 stores across 22 cities in Telangana, Andhra Pradesh and Karnataka.
New Delhi, December 17: Hyderabad-based RSB Retail India Limited has received approval from the Securities and Exchange Board of India to raise funds through an initial public offering, according to an update with the capital markets regulator.
The proposed IPO comprises a fresh issue of equity shares aggregating up to ₹500 crore and an offer for sale of up to 2.98 crore equity shares by existing shareholders, as per the draft red herring prospectus.
RSB Retail plans to utilise ₹275 crore from the net proceeds of the fresh issue towards repayment or prepayment of certain loan facilities. An additional ₹118 crore will be deployed for setting up new stores under the R.S. Brothers and South India Shopping Mall formats, while the remaining funds will be used for general corporate purposes.
The company had filed its draft papers with SEBI in August 2025 and received the regulator’s observations on December 12. In SEBI parlance, receipt of observations allows a company to proceed with its public issue.
Founded in 2008, RSB Retail traces its origins to 1999 with the launch of its first R.S. Brothers store in Koti, Hyderabad. As of March 31, 2025, the company operated 73 stores across 22 cities in Telangana, Andhra Pradesh and Karnataka.
RSB Retail runs a multi-format brick-and-mortar retail model through five key store formats—South India Shopping Mall, R.S. Brothers, Kanchipuram Narayani Silks, Dè Royal and Value Zone Hyper Mart—catering to premium, mid-premium and value segments across ethnic, casual and formal wear categories.
The promoters of the company include Potti Venkateswarlu, Seerna Rajamouli, Tiruveedhula Prasada Rao, Potti Venkata Sai Abhinay, Seerna Suresh, Tiruveedhula Rakesh and Tiruveedhula Keshav Gupta.
On the financial front, the company reported revenue from operations of ₹2,694 crore in FY25, recording a compound annual growth rate of 12.55% between FY23 and FY25. Profit after tax for FY25 stood at ₹104.4 crore.
Motilal Oswal Investment Advisors, HDFC Bank and IIFL Capital Services are the book running lead managers to the issue.
