Saree retailers in South India to launch IPOs worth Rs 20,000 crore over 6 months
15 September 2025, Mumbai
A group of prominent saree retailers in South India is preparing to raise nearly Rs 20,000 crore through a series of Initial Public Offerings (IPOs) over the next six to eight months.
These retailers include RSB Retail India, which has already filed papers for a Rs1,500 crore IPO; Marri Retail which plans to raise Rs 2,000 crore; Pothys which aims for a Rs 1,200 crore public listing and Nalli Silk Sarees which is also exploring a public listing, although the size is not yet announced
According to bankers and analysts, these IPOs are a way to monetize the equity created by them over decades of brand building. The IPO proceeds will be used to fund aggressive expansion.
Traditionally concentrated in metros and Tier I cities, these retailers are now targeting the growing consumer base and increasing spending power in Tier-II and Tier-III markets.
The fresh capital will also be used to expand physical store networks, invest in supply chain infrastructure, and boost online sales channels to capitalize on the consumption-led growth in the ethnic wear sector.
The saree market in India is still largely unorganized, with the organized sector holding only about a 30 per cent share. This presents a significant opportunity for established players to scale up and gain market share.
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