Reliance Retail Limited IPO Review, Allotment Status, Subscription, Price, Date & more.

Get Reliance Retail Limited IPO details. Find IPO Date, Price, Live Subscription, Allotment, Grey Market Premium GMP, Listing Date and Review.

Reliance Retail Limited is a subsidiary company of Reliance Industries Limited. Founded in 2006, it is the largest retailer in India in terms of revenue. V Subramaniam is the CEO of the Venture. Its retail outlets offer foods, groceries, apparel and footwear, lifestyle and home improvement products, electronic goods, and farm implement and inputs. The company’s outlets also provide vegetables, fruits, and flowers. It focuses on consumer goods, consumer durables, travel services, energy, entertainment and leisure, and health and well-being products, as well as on educational products and services. It had a total of 3,837 stores in April 2018 in India with an area of over 17.7 million square feet across 750 cities, with yearly revenue of over ₹690 billion ($10 bn US).

It had a turnover of ₹337 billion in the financial year 2016-17. Reliance Retail has announced revenues of ₹450 billion for the nine months ended December 2017 for financial year 2017-18, showing of over 90% jump from the corresponding previous period. The company also reported a profit of ₹7 billion for the period.

Reliance Retail Limited IPO might come in 2024 as the Reliance is adding consumer businesses to its business model. The brokerage firms like CLSA and Kotak Institutional Equities already described Reliance Retail enterprise valuations around 1 trillion, we can expect a good market listing for Mukesh Ambani led Reliance Retail Limited. As the numbers Reliance Retail is a master franchise of Reliance Jio, company has double turnover and the profit compare to D-Mart and Future Group. It will be a good IPO to bet on still the official confirmation not given from the company.

Reliance Retail Limited IPO has not been released yet. Once the IPO date has been issued, the subscription details will be updated regularly. The Allotment status will be announced about 3-4 weeks of the IPO issue date. The price band of the IPO will be known only after the offer price of the IPO issue is known. One can know about the price band of the IPO in about a week. Till then stay tuned for Reliance Retail IPO dates, Reliance Retail IPO price band and Reliance Retail IPO market lot details.

Financial review of Reliance Retail Limited:

·        In Financial Year 2018-19 Company’s Revenues at Rs. 1,30,566 Cr. nearly doubling from Rs. 69,198 Cr. in 2017-18.

·        EBITDA of the company grew more than 5 times in the past 3 years from Rs. 1200 Cr. in the Year 2016-17 to Rs. 6201 Cr in the Year 2018-19.

·        Earnings per Share of the company is growing with a CAGR of 65.36% from the past 5 years.

·        This year Profit before depreciation Interest and Tax (PBDIT) increases by 145.2% compared with the previous year.

·        Company’s Net Profit Margin is Continuously Improving a recorded 2.6% in FY 2019 which was 1.7% in FY 2017.

·        The company’s Net profit is growing at a pace of 65.72 % on a CAGR basis Since FY 2014-15.

·        The financial performance of the company is outstanding and business has a lot of potentials to grow further.

Planify view over Reliance Retail Limited:

·        Reliance Retail Limited has achieved the distinction of being 6th fastest-growing retailer globally and Ranked 94th in the list of Global Powers of Retailing in the country.

·        It operates in over 10,644 stores pan India in over 6,700 towns and cities with ~23 million square feet of retail space and is growing rapidly.

·        Company’s Brand Hamleys crossed the 75-store milestone and currently has 76 operational stores in India and is the largest market for Hamleys outside of the UK.

·        Strong management with a magnificent business track record and also backed by Giant Reliance Industries.

·        Financials and Business models are super strong and the Company is already outperforming its peers and planning to create a monopoly in the retail business.

·        To summarize, we at Planify rate it 4 out of 5 after analysing each and every aspect and business segment of the company.

Disclaimer:

Generally, Investments made in Pre-IPO are speculative, illiquid and carry a high degree of risk. The investment made on the Planify platform is made through pooled investment vehicles, which acquire shares of private technology companies and are not a direct investment in these companies.