Hyderabad-based Marri Retail has filed its draft purple herring prospectus (DRHP) with Securities and Trade Board of India (SEBI), searching for to boost funds via an preliminary public providing (IPO) that mixes contemporary capital with a promoter stake sale.

The proposed IPO, with a face worth of Rs 2 per share, includes a contemporary situation of fairness shares aggregating as much as Rs 522 crore and a suggestion on the market of two.7 crore fairness shares by promoter Marri Venkat Reddy.

The corporate has additionally indicated that it might undertake a pre-IPO placement of as much as Rs 104.4 crore. If accomplished, this may proportionately cut back the dimensions of the contemporary situation.

Proceeds from the contemporary situation will likely be used primarily to strengthen the steadiness sheet and fund enlargement. Of the full quantity, Rs 115.6 crore has been earmarked for compensation or prepayment of borrowings.

One other Rs 250.5 crore will likely be deployed in the direction of capital expenditure for opening new shops, together with 10 new attire shops, one new attire retailer with an built-in jewelry part, and two standalone jewelry shops. An extra Rs 35.8 crore will likely be used in the direction of lease and sub-lease rental funds for sure present shops and warehouses. The remaining funds will likely be allotted to common company functions.

The difficulty will likely be supplied via the book-building route, with as much as 50% of the online provide reserved for certified institutional patrons, as much as 15% for non-institutional traders, and as much as 35% for retail traders.

Based in 1999 as an attire retailer underneath the model Denims Nook, Marri Retail entered the large-format retail section in 2013 with the launch of its first mall underneath The Chennai Procuring Mall model in Hyderabad. Over time, the corporate has expanded right into a multi-brand, multi-format retailer spanning each attire and jewelry.

As of September 2025, Marri Retail operated 34 shops with an combination retail space of about 0.98 million sq. toes throughout 26 districts in Telangana, Andhra Pradesh, Karnataka and Maharashtra. Its portfolio consists of attire manufacturers reminiscent of The Chennai Procuring Mall, JC Mall, JC Brothers and Denims Nook, together with The Chennai Procuring Mall Jewellers within the jewelry section. The corporate positions itself throughout premium, mid-premium and worth worth factors, focusing on household customers via a large product vary.

Marri Retail mentioned its enterprise mannequin is supported by a diversified product combine, a technology-enabled provide chain, and focused advertising and marketing methods, which it believes place it to learn from the rising shift towards organised retail in its core markets. As of the tip of September 2025, the corporate supplied 522 attire articles, together with 129 private-label merchandise, and 259 jewelry articles, positioning its shops as one-stop locations aimed toward driving repeat footfalls.

On the monetary entrance, Marri Retail reported income from operations of Rs 1,301 crore and a web revenue of Rs 83 crore through the six months ended September 2025. For the total 12 months FY25, its income stood at Rs 2,456 crore.

Mumbai-based 4 Bridge Capital assisted Marri Retail with IPO preparation and the DRHP submitting course of. The book-running lead managers for the problem are Nuvama Wealth Administration, IIFL Capital Providers, and Motilal Oswal Funding Advisors.