CKK Retail Mart SME
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Grey market premium
Unofficial and indicative — not a forecast
3 observations recorded — too few to plot a trend.
Day-wise premium · 3 observations
| Date | GMP | % | Sauda | Est. listing | Gain / lot |
|---|---|---|---|---|---|
| 06 Feb 2026 | ₹0 | 0.00% | ₹0 | ₹163 | ₹0 |
| 05 Feb 2026 | ₹0 | 0.00% | ₹0 | ₹163 | ₹0 |
| 04 Feb 2026 | ₹0 | 0.00% | ₹0 | ₹163 | ₹0 |
Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.
Issue details
- Listing date
- 06 Feb 2026
- Face value
- ₹10 per share
- Issue price
- ₹163 per share
- Lot size
- 800 shares
- Total issue size
- ₹88.02 Cr
- Market cap at offer price
- ₹316 Cr
- Promoter holding
- 100.00% → 72.12% pre-issue → post-issue
- ISIN
- INE0SMX01019
- Registrar
- Bigshare Services Pvt.Ltd.
- Lead managers
- Oneview Corporate Advisors Pvt.Ltd.
- Registered office
- Aurus Chambers, B-418, Near Mahindra Tower, S SAmrutwar Lane, Worli, Maharashtra
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 6,00,000 | — | — |
| Market maker | 2,73,600 | — | — |
Application size
Minimum 800 shares per lot, in multiples, at ₹163
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 800 | ₹1,30,400 |
| S-HNI (min) | 2 | 1,600 | ₹2,60,800 |
| S-HNI (max) | 7 | 5,600 | ₹9,12,800 |
| B-HNI (min) | 8 | 6,400 | ₹10,43,200 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
₹163 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 10.94 | 8.87 |
| P/E (×) | 14.90 | 18.38 |
| Price to book (×) | 5.73 | — |
| Market cap | — | ₹316 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 38.47%
- ROCE
- 51.59%
- PAT margin
- 5.43%
- EBITDA margin
- 7.50%
- NAV per share
- ₹28.43
- Price to book
- 5.73
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About CKK Retail Mart SME
C K K Retail Mart Limited, incorporated in 2005 and converted to a public company in 2023, commenced business operations in FY 2020-21. Originally focused on exports, the company shifted strategic focus from FY 2023 onwards to domestic distribution and trading of packaged agro-commodities such as sugar, pulses, and ghee across Maharashtra, Bihar, West Bengal, and north-eastern states. In April 2025, the company expanded its product portfolio by launching 'FruitzzzUp', a fruit pulp-based juice brand. The business operates through a distributor-led and super-stockist network model, sourcing products from third-party suppliers and distributing them under its own brand name. The company derives 99.94% of its revenue from sugar trading as of September 30, 2025.
Company Analysis
from RHPC K K Retail Mart Limited is a distribution and trading company specializing in packaged agro-commodities (sugar, pulses, rice) and beverages across India.
C K K Retail Mart Limited, incorporated in 2005 and converted to a public company in 2023, commenced business operations in FY 2020-21. Originally focused on exports, the company shifted strategic focus from FY 2023 onwards to domestic distribution and trading of packaged agro-commodities such as sugar, pulses, and ghee across Maharashtra, Bihar, West Bengal, and north-eastern states. In April 2025, the company expanded its product portfolio by launching 'FruitzzzUp', a fruit pulp-based juice brand. The business operates through a distributor-led and super-stockist network model, sourcing products from third-party suppliers and distributing them under its own brand name. The company derives 99.94% of its revenue from sugar trading as of September 30, 2025.
Objects of the Issue
- Funding the acquisition of Leasehold Plots along with warehouse constructed upon the said Leasehold Plots ₹1,020.00 lakhs p.27
- To undertake repair and refurbishment of the warehouses situated on the Leasehold Plots ₹189.98 lakhs p.27
- Funding of working capital requirements ₹4,300.00 lakhs p.27
- General corporate purposes p.27
- Funding the acquisition of Leasehold Plots along with warehouse constructed upon the said Leasehold Plots ₹1,020.00 lakhs p.115
- To undertake repair and refurbishment of the warehouses situated on the Leasehold Plots ₹189.98 lakhs p.117
- Funding of working capital requirements ₹4,300.00 lakhs p.121
- General corporate purposes p.124
- Funding incremental working capital requirements Exceeding ₹500 Lakhs p.128
- Objects not specified in this part of the document
Issue Structure
- Total Issue
- Up to 54,00,000 Equity Shares of face value ₹10/- each aggregating up to ₹[●] Lakhs
- Fresh Issue
- Up to 44,08,000 Equity Shares aggregating up to ₹[●] Lakhs
- Offer for Sale
- Up to 9,92,000 Equity Shares aggregating up to ₹[●] Lakhs
- Price Band
- ₹[●] (Floor Price) to ₹[●] (Cap Price) per Equity Share
- Lot Size
- [●] Equity Shares (minimum bid lot)
- Face Value
- ₹10/- per Equity Share
Business Model
The company earns revenue through distribution and trading of packaged agro-commodities (primarily sugar) and beverages. It sources products from third-party suppliers and distributes them through a network of super-stockists and distributors to end retailers and wholesalers. The company does not manufacture products in-house but relies entirely on third-party manufacturers for beverages. Revenue is generated from sale of goods (sugar, carbonated beverages, rice, pulses, dairy products) and sale of services (commission income).
Business Segments
SWOT Analysis
- • Recent significant revenue growth trajectory(p.41)
- • Strong profit growth and operational efficiency improvements(p.42)
- • Improved net worth and equity capital base(p.30)
- • No historical borrowings indicating conservative financial management(p.30)
- • Established distribution network across multiple regions(p.26)
- • Diversification into new product categories(p.26)
- • Experienced management team with deep industry expertise(p.167)
- • Established supplier relationships and wide distribution network(p.167)
- • Diversified product portfolio spanning agro-commodities and beverages(p.167)
- • Strong financial performance with zero debt and healthy profitability margins(p.161)
- • High return on equity and capital efficiency(p.161)
- • Established presence in agro-commodity sector with 20 years of promoter experience(p.199)
- • Diversified board composition including three independent directors with specialized expertise(p.197)
- • Strong financial growth with revenue more than doubling year-over-year(p.237)
- • Successful brand launches in growing beverage segment(p.195)
- • Recent expansion into e-commerce partnerships with major platforms(p.195)
- • No defaults or litigation history with financial institutions(p.195)
- • Clean compliance record with no time and cost overruns(p.195)
- • Established distribution network with focus on domestic market penetration(p.285)
- • Consistent revenue and profitability growth over recent years(p.285)
- • Strategic portfolio in packaged agro-commodities with supply chain efficiency(p.285)
- • Positive EBITDA margins demonstrating operational efficiency(p.280)
- • Debt-free balance sheet with nil borrowings(p.279)
- • Strong positive cash generation from operations(p.287)
- • Extreme revenue concentration in sugar business(p.39)
- • High customer concentration risk(p.50)
- • Heavy dependence on limited supplier base(p.43)
- • Absence of formal agreements with critical distribution partners(p.53)
- • Historical non-compliance with employment laws(p.51)
- • Past delays in statutory dues payment(p.51)
- • Ownership of no physical assets including premises(p.54)
- • Pending trademark registrations with oppositions(p.46)
- • Historical litigation involving Promoter and Group Companies(p.44)
- • Disclosed irregularities in statutory filings and personal records(p.56)
- • Untraceable corporate records and secretarial filings(p.58)
- • History of delayed statutory filings with RoC(p.60)
- • Untraceable corporate records of Corporate Promoter(p.59)
- • Dependence on third-party transportation providers(p.61)
- • Promoter lacks prior industry experience(p.69)
- • Contingent liabilities aggregating significant amount(p.61)
- • Group company incurred losses(p.62)
- • Risk from related party transactions involving potential conflicts(p.65)
- • Heavy dependence on few major customers for significant revenue(p.173)
- • No formal contracts with super stockists and distributors(p.160)
- • Limited company-controlled manufacturing and warehousing infrastructure(p.170)
- • Heavy reliance on outsourced third-party logistics without formal agreements(p.172)
- • Dependence on a few major suppliers for raw material procurement(p.174)
- • History of delays in employee-related statutory dues payments(p.178)
- • Concentration of ownership with promoter holding 99.999% pre-IPO(p.216)
- • Very recent entry into retail distribution business with limited operational history(p.195)
- • Limited presence of accreditations and industry certifications(p.195)
- • High dependence on a few major customers for revenue generation(p.226)
- • Significant reliance on group company relationships for operations(p.228)
- • Heavy inventory concentration in current assets(p.236)
- • Dependence on few customers for revenue(p.290)
- • Significant increase in inventory requirements creating working capital pressure(p.284)
- • Concentration of business in limited product categories and regions(p.279)
- • Litigation involving promoters with material financial implications(p.292)
- • Limited track record as a standalone listed company(p.279)
- • Growing non-alcoholic beverage market with strong projected CAGR(p.26)
- • Stable sugar industry with modest production growth(p.26)
- • Expansion of distributor-led sales model(p.41)
- • Strategic expansion of geographic reach(p.26)
- • New product portfolio expansion(p.26)
- • Shift from super-stockist to distribution-led model(p.124)
- • Geographic expansion into newer markets(p.124)
- • Expansion in beverages segment(p.124)
- • Strategic warehousing hub establishment in Kolhapur(p.117)
- • Enhanced supply chain efficiency through procurement consolidation(p.117)
- • Geographic expansion into new states and emerging markets(p.167)
- • Growth in non-alcoholic beverage segment with healthy market expansion(p.151)
- • Direct-to-consumer and e-commerce channel penetration(p.167)
- • Expansion of sugar industry through government support for ethanol blending(p.153)
- • Strong domestic consumption growth driven by favorable demographics(p.151)
- • Rising health consciousness driving demand for healthier beverage options(p.151)
- • Growing e-commerce channel expansion beyond current partnerships(p.195)
- • Geographic expansion potential in retail distribution across India(p.195)
- • Diversification into higher-margin packaged beverages segment(p.195)
- • Potential for export business scaling given existing export infrastructure(p.195)
- • Operating leverage opportunity from IPO capital and increased scale(p.271)
- • Expansion into new products and consumer segments(p.279)
- • Further geographic expansion to underserved regions(p.279)
- • Migration to main board of stock exchange for increased visibility and access to capital(p.331)
- • Leveraging distribution infrastructure for additional product lines(p.279)
- • High volatility and regulatory uncertainty in sugar industry(p.40)
- • Dependence on monsoon and climatic conditions(p.40)
- • Global price fluctuations affecting exports(p.40)
- • Health-driven shift away from sugar consumption(p.40)
- • Intense competition in beverages segment(p.48)
- • Volatility in sugarcane pricing and farmer arrears(p.39)
- • Supply chain and transportation disruptions risk(p.40)
- • Dependence on third-party manufacturers for beverages(p.49)
- • Risk of suspension/revocation of export promotion scheme benefits(p.58)
- • Changing consumer preferences towards health-conscious products(p.61)
- • Product contamination and deterioration risks(p.61)
- • Disruption of transportation services(p.61)
- • Economic downturn affecting demand(p.70)
- • Political instability and deregulation policy changes(p.71)
- • Foreign exchange rate fluctuations(p.73)
- • Intellectual property infringement claims(p.59)
- • High volatility in sugarcane and agricultural commodity prices(p.152)
- • Dependence on monsoon and climate variability affecting agricultural supply(p.152)
- • Regulatory uncertainty including export bans and policy changes(p.152)
- • Rising input costs squeezing margins in regulated sugar prices(p.153)
- • Global sugar price fluctuations and international trade barriers(p.153)
- • Long-term health concerns and shift toward alternative sweeteners(p.153)
- • Intense competition in sugar and beverage distribution from organized players(p.176)
- • Vulnerability to commodity price fluctuations in agro-based products(p.239)
- • Exposure to monsoon and agricultural sector cyclicality(p.239)
- • Intense competition from established FMCG distribution networks(p.195)
- • Regulatory and compliance risks in food and beverage sector(p.239)
- • Foreign exchange volatility impact on export operations(p.238)
- • Potential working capital constraints from rapid growth(p.250)
- • Exposure to commodity price fluctuations affecting input costs(p.281)
- • Agricultural dependence creating seasonal and cyclical risks(p.281)
- • Regulatory changes in government policies affecting taxation and business operations(p.281)
- • Intense competition in the packaged food and beverage distribution sector(p.290)
- • Concentration risk in warehousing and storage locations(p.279)
- • Foreign exchange and currency fluctuation risks(p.283)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Mr. Saurabh Malhotra | Promoter | 16.76% | 12.95% |
| Sakuma Infrastructure and Realty Private Limited | Promoter and Promoter Selling Shareholder | 83.16% | 59.11% |
| Ms. Kusum Chander Mohan Malhotra | Promoter | 0.079% | 0.06% |
| Ms. Vanitha Malhotra | Promoter | Negligible | Negligible |
| Saurabh Malhotra | Promoter | 16.76% | 12.95% |
| Sakuma Infrastructure and Realty Private Limited | Promoter | 83.16% | 59.11% |
| Kusum Chander Mohan Malhotra | Promoter | 0.079% | 0.06% |
| Vanitha Malhotra | Promoter | Negligible | Negligible |
| Saurabh Malhotra | Promoter | — | — |
| Saurabh Malhotra | Promoter | 16.76% | 12.95% |
| Kusum Chander Mohan Malhotra | Promoter | 0.079% | — |
| Vanitha Malhotra | Promoter | 0.001% | — |
| Sakuma Infrastructure and Realty Private Limited | Promoter Group | 83.16% | — |
| Sakuma Infrastructure and Realty Private Limited | Promoter Group | — | — |
| Sakuma Infrastructure and Realty Private Limited | Selling Shareholder | — | — |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.