Marri Retail Ltd. IPO Details
Marri Retail was incorporated on April 1, 2003. The company is an apparel and jewellery retailer operating multiple brands with a diverse product range across premium to value segments. It offers a one-stop shopping experience for weddings, festive occasions, and everyday needs for the entire family
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 27.0 M | - | - | ₹5,220.0 M | DRHP DOC |
Marri Retail issue details
Marri Retail has 27.0 M shares on offer
Marri Retail IPO issue size is ₹ 5,220.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 50% | 15% |
Marri Retail IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Marri Retail NUMBER OF SHARES ON OFFER
Marri Retail FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| H1FY26 | 1,301.4 | 83.5 | 160.2 | 204.3 | 13.4% |
| FY25 | 2,456.3 | 99.3 | 65.5 | -101.0 | 9.6% |
| FY24 | 2,217.1 | 114.5 | 152.9 | 100.0 | 10.4% |
| FY23 | 1,900.8 | 100.6 | -27.2 | -100.2 | 9.8% |
Marri Retail INFORMATION ON IPO ISSUE
About Marri Retail
Marri Retail was incorporated on April 1, 2003. The company is an apparel and jewellery retailer operating multiple brands with a diverse product range across premium to value segments. It offers a one-stop shopping experience for weddings, festive occasions, and everyday needs for the entire family
Object of the Issue
- Repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by the company
- Capital expenditure to be incurred towards the opening of 10 new apparel stores, one new apparel store with jewellery SIS and two new standalone jewellery stores
- Expenditure for lease/sub-lease rent payments for certain of the existing stores and warehouses
- General corporate purposes
Marri Retail - PROMOTERS
| Name |
|---|
| Marri Venkat Reddy |
| Marri Madhumathi |
| Venkata Krishna Pakalapati |
Marri Retail - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Marri Venkat Reddy | Managing Director & Chairperson |
| Venkata Krishna Pakalapati | Non-Executive Non-Independent Director |
| Marri Madhumathi | Non-Executive Non-Independent Director |
| Venkateswarlu Jonnalagadda | Non-Executive Independent Director |
| Kotamarthy Venkata Suryaprakash Rao | Non-Executive Independent Director |
| Dendukuri Chandrima | Non-Executive Independent Director |
Marri Retail Book Running Lead Manager
Nuvama Wealth Management Limited
marriretail@nuvama.com
IIFL Capital Services Limited
marriretail.ipo@iiflcap.com
Motilal Oswal Investment Advisors Limited
marri.ipo@motilaloswal.com
Marri Retail Registrar to the Offer
KFin Technologies Limited
marriretail.ipo@kfintech.com
Marri Retail Strengths
Integrated retail model
The company operates a differentiated retail model combining apparel and jewellery under one roof. This approach allows it to serve varied customer needs, including weddings, festive occasions, and everyday fashion. Over the years, the company has expanded its store network across multiple states, strengthening its presence and improving customer reach through a portfolio of established retail brands
Diversified offerings
The company offers a broad product portfolio across apparel and jewellery, catering to men, women, and children. Its presence across multiple price points supports a wide customer base and positions the company as a convenient one-stop destination for family shopping
Strategic store network
The company has steadily expanded its retail footprint with stores located in high-visibility and prime catchment areas. The company-operated, company-owned (COCO) model ensures consistent brand experience and operational control
Marri Retail Risks
Demand forecasting risk
The company’s performance depends on its ability to accurately anticipate customer demand and evolving fashion trends. Any mismatch between demand and inventory levels may lead to excess stock or shortages, which could affect sales and profitability
Apparel dependence
A large share of the company’s revenue comes from the apparel segment. A decline in demand for apparel products or shifts in consumer preferences could negatively affect revenue and earnings. The apparel portfolio includes women’s, men’s, and kids’ wear across categories such as wedding, festive, occasion, party, and everyday styles
Geographic concentration
The company derives most of its revenue from Telangana and Andhra Pradesh. Any adverse economic, regulatory, or competitive developments in these states could affect sales and overall performance. The store network is concentrated primarily in these regions, with a limited presence in other states
IPO FAQs
The promoters of the company are Marri Venkat Reddy, Marri Madhumathi and Venkata Krishna Pakalapati.
The category allocation of qualified institutional buyers is 15.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 35.0%.