Supermarket chain Ratnadeep Retail, which has presence across Andhra Pradesh, Telangana and Karnataka, has filed draft red herring prospectus (DRHP) with SEBI to raise funds through an initial public offering (IPO).The proposed IPO will be a combination of a fresh issue of equity shares aggregating up to ₹400 crore and an offer for sale (OFS) of up to 1,48,60,000 equity shares by the promoter selling shareholders.Ratnadeep Retail proposes to utilise ₹ 40 crore from the net proceeds of the fresh issue towards repayment/ prepayment of loan, ₹ 260 crore for setting up of new stores and the remaining amount for general corporate purposes.For FY26, the company’s revenue from operations stood at ₹ 2,223 crore and profit after tax ₹36.7 crore. As on March 31, 2026, it operated 190 stores under two formats, Ratnadeep and National Mart with the latter also consisting of Style Mart focused on affordable fashion products.Sandeep Agarwal, Manish Bhartiya, Mitesh Bhartiya, Yash Agarwal and Kavita Agarwal are the promoters of the company. Published - July 02, 2026 11:03 pm IST