Marri Retail Limited, a Hyderabad-based retail company, has filed its Draft Red Herring Prospectus (DRHP) on 01 February with the market regulator for its proposed Initial Public Offering (IPO). The company operates in the organised retail segment with a strong presence in apparel and jewellery formats across South India.
About Marri Retail Limited
Marri Retail Limited is a well-established retail company engaged in the business of fashion apparel and jewellery retailing. The company operates multiple store formats, including large apparel stores and integrated retail stores combining apparel and jewellery offerings. Over the years, Marri Retail has built strong regional brand recognition and focuses on providing a wide product range catering to family and occasion-based consumption. Its business model emphasises scale, store expansion, and customer reach across key southern states.
Key Brands & Retail Formats
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The Chennai Shopping Mall – Flagship integrated apparel & fashion brand with extensive offerings.
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The Chennai Shopping Mall Jewellers – Jewellery retail section offering gold, diamond, silver & platinum products.
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J.C. Brothers – Apparel store format.
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JC Mall – Hybrid retail destination.
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Jeans Corner – Casual wear specialty store format.
As of the latest pre-IPO update, the company operates multiple stores across Telangana, Andhra Pradesh, Karnataka, and Maharashtra, with a total footprint close to one million square feet
IPO Details
Offer Structure
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Fresh Issue: ₹522 Crore
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Offer for Sale: Up to 27,000,000 equity shares by promoter
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Face Value :- 2
Promoters
The promoters of Marri Retail include Marri Venkat Reddy, Marri Madhumathi, Venkata Krishna Pakalapati, and the Amrut Family Trust.
ALL DRHP FILE IPO LIST ?
Investor Quotas:-
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Qualified Institutional Buyers (QIBs): Up to 50% of the net offer
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Non-Institutional Investors (NIIs): At least 15% of the net offer
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Retail Individual Bidders (RIBs): At least 35% of the net offer
Financial Performance Overview
Total Assets
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As on Sept 30, 2025: ₹1,521.99 crore
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FY2025: ₹1,631.58 crore
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FY2024: ₹1,079.23 crore
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FY2023: ₹934.93 crore
Total Income
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As on Sept 30, 2025: ₹1,311.89 crore
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FY2025: ₹2,464.87 crore
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FY2024: ₹2,222.68 crore
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FY2023: ₹1,917.64 crore
Restated Profit After Tax
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As on Sept 30, 2025: ₹83.53 crore
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FY2025: ₹99.26 crore
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FY2024: ₹114.52 crore
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FY2023: ₹100.58 crore
The company has shown steady revenue growth with consistent profitability over the reported periods.
Objects of the Offer:-
The company proposes to utilise the Net Proceeds from the IPO towards the following objectives:
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Repayment or prepayment (in full or part) of certain outstanding borrowings
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Capital expenditure for expansion, including:
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Opening 10 new apparel stores
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Opening 1 integrated apparel + jewellery store
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Opening 2 standalone jewellery stores
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Lease / sub-lease rental payments for existing stores and warehouse
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General corporate purposes
Additionally, listing of the equity shares is expected to enhance brand visibility and create a public market for the company’s shares in India.
Book Running Lead Managers & Registrar:-
Book Running Lead Managers (BRLMs):
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Nuvama Wealth Management Limited
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IIFL Capital Services Limited
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Motilal Oswal Investment Advisors Limited
Registrar to the Issue:-
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KFin Technologies Limited
Disclaimer:
This article is for informational purposes only and is based on the Draft Red Herring Prospectus (DRHP) and publicly available information. It does not constitute investment advice. Readers should consult a financial advisor before making any investment decisions.
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