Kolkata, May 12 (PTI) Amazon and Samara Capital-Samvaded Supermarket Series are planning to raise around Rs 2,000 crore through an initial public offer (IPO), which is expected to be a hit in the market in the calendar year 2026, a top official said on Monday.
The proposed fund-raise plan will be mostly through fresh capital infusion, which will not have any significant proposal-selling components, as promoters, Samara Capital and Amazon, which holds 51 percent and 48 percent respectively, is unlikely to unload their shares, he said that the remaining stakes are organized by family offices.
More retail managing director Vinod Nambiar said, “We are watching an IPO in 12-18 months.
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He said that the funds would be used mainly to expand the count’s count by 2030 and to make the company almost debt-free.
The company official said the current loan is around Rs 500 crore, including loans and non-convertible debentures (NCDs).
Both promoters have long -term commitment to business and have been pumped for Rs 900 crore in the last five years, in addition to the acquisition cost of Rs 4,300 crore.
“More retail raised Rs 150 crore from family offices to benchmark valuation in the last 120 days.”
The retail chain, which is aggressively expanding, is soon ready to cross the 1,100 store and its purpose is to become Ebitda positive in FY’26 with a profit of Rs 60 crore.
According to IND, the company reported an Ebitda loss of Rs 65 crore in FY’24.
He said, “It will take two years to get pat-level profitability.”
The retailer is also deepening his partnership with Amazon Fresh. Currently, its 270 stores serve Amazon Fresh, and this number is expected to rise to 370 by July, and said Nambiar, to 500–600 stores by the end of the current financial year.
The company’s offline and hybrid store count is estimated to be more than 1,100 by FY’26, while the number of ‘dark’ outlets will also increase from 40 to 100.
‘Dark’ stores only fulfill the online order.
Most of the expansion will take place in small towns, and during the current financial year, Jharkhand and Odisha will be added to its footprint, said Nambiar.
Currently, South India, West Bengal, Punjab, Haryana and NCR have a strong presence of more retail, which have exited Delhi and Mumbai.
Meanwhile, Nambare said that West Bengal is a major market and the company is the largest in West Bengal in terms of the number of shops.
The company has 109 stores in Bengal and will add 90 outlets in the next two years. PTI BSM BDC
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