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14 Jun, 2025
More Retail, a prominent player in India’s organized retail sector, has announced plans to launch an initial public offering (IPO) worth ₹2,000 crore in 2026. This strategic move aims to accelerate the company’s expansion and strengthen its financial position.
The company is gearing up for significant growth over the next few years. The funds raised through the IPO will be primarily allocated to expanding More Retail’s network of supermarkets and hypermarkets across the country. By increasing its footprint, the retailer aims to capture a larger share of India’s rapidly growing grocery market, which is witnessing a shift towards organized retail.
In addition to fueling expansion, a key objective of the IPO is to reduce More Retail’s existing debt. Lowering debt levels is expected to enhance the company’s financial stability and improve its credit profile. This move will also enable More Retail to invest more aggressively in technology, supply chain efficiencies, and customer experience initiatives.
More Retail is currently owned by a consortium led by Samara Capital and Amazon. Since their acquisition, the company has undergone significant transformation, focusing on operational improvements and digital innovation. The backing of these major investors has provided More Retail with the resources and expertise needed to compete with other leading players in the sector.
India’s organized retail market has been expanding rapidly, driven by urbanization, changing consumer preferences, and increased digital adoption. More Retail’s planned IPO comes at a time when the sector is poised for further consolidation and growth, with consumers seeking convenience, quality, and value.
With its planned IPO, More Retail is positioning itself to capitalize on emerging opportunities in the Indian retail landscape. The company’s focus on expansion, debt reduction, and operational excellence signals a new phase of growth, setting the stage for a stronger presence in the competitive retail market.
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