Archive · 19 May 2025
More Retail Plans ₹2,000-Crore IPO in 2026 for Expansion
More Retail, a supermarket chain backed by Amazon and others, plans to raise money by selling stocks to the public in 2026.
This money will help them open more stores, aiming for 3,000 by 2030.
They also want to pay off their debts.
They are already expanding and have over 1,100 stores now.
The company made a loss last year but hopes to make a profit in a couple of years.
They're also working with Amazon to deliver groceries from more stores, which will keep increasing.
They're opening stores in smaller towns, including Jharkhand and Odisha.
More Retail plans a ₹2,000-crore IPO in 2026 to fund expansion and reduce debt.
The company aims to increase its store count to 3,000 by 2030.
Current debt stands at approximately ₹500 crore.
The retailer reported a ₹65 crore EBITDA loss in FY'24.
More Retail is deepening its partnership with Amazon Fresh.
- Who
- More Retail, backed by Amazon and Samara Capital.
- What
- Plans to raise around ₹2,000 crore through an IPO.
- When
- The IPO is expected to hit the market in calendar year 2026.
- Where
- Expansion will focus on smaller towns, including Jharkhand and Odisha.
- Why
- To expand stores and reduce debt.
- Planned IPO Amount
- ₹2,000 crore
- Target IPO Date
- 2026 (calendar year)
- Target Store Count
- 3,000 by 2030
- Current Debt
- ₹500 crore
- Target EBITDA
- ₹60 crore profit in FY'26
- Major Stakeholders
- Amazon and Samara Capital
- Current Store Count
- 1,100+ stores
- Stores in West Bengal
- 109 stores