The Indian FMCG distribution and agro-commodities market is growing rapidly, especially for packaged staples like sugar, rice, pulses, lentils, and ghee, as well as drinks like soft drinks, juices, and milk powder that are sold in organised retail, Q-commerce, and kirana networks in Tier-2 and Tier-3 cities. The sector is expected to grow at a CAGR of 12–15%, reaching $8–12 billion by 2030. This is because of urbanisation, more people eating packaged food, ₹111 lakh crore in logistics investments for the National Infrastructure Pipeline, and e-commerce growth that supports efficient "farm-to-fork" supply chains.
CKK Retail Mart Limited, which was founded in 2005 in Kolkata, West Bengal, specialises in distributing packaged agricultural goods and fast-moving consumer goods (FMCG) through brands like Braunz, Jivanam (staples), Jeera Soda, Lemon Soda, and Fruitzzzup fruit juices. They use a mix of three-tier and direct-to-distributor models. The ISO-certified operations make sure that sourcing, processing, and delivery happen all over eastern India. In H1FY26, the company made ₹159.93 Cr and had assets worth ₹79.74 Cr.
CKK Retail Mart Limited is offering an NSE SME IPO of 54 lakh equity shares (FV ₹10) for a total of up to ₹88.02 Cr (₹67.39 Cr fresh issue + ₹16.17 Cr OFS) at a price range of ₹155–163 Cr (lot size: 800 shares, retail minimum: ₹260,800 for 2 lots). The issue starts on January 30 and ends on February 3, 2026, with the basis of allotment on February 4. The NSE SME listing is on February 6.
CKK Retail Mart IPO Details:
CKK Retail Mart Issue Management:
Oneview Corporate Advisors Pvt Ltd acts as the book-running lead manager for the CKK Retail Mart SME IPO, managing underwriting and compliance.
CKK Retail Mart IPO RTA (Registrar) Details:
Bigshare Services Pvt Ltd handles allotment, refunds, and demat credits—contact at +91-22-6263 8200 or ipo@bigshareonline.com.
CKK Retail Mart IPO Allotment Status:
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Action Links:
To apply for CKK Retail Mart IPO, open a demat account here
CKK Retail Mart IPO Subscription Status: Check live subscription here
CKK Retail Mart IPO GMP Update: Check latest grey market premium here
CKK Retail Mart Limited, which was founded in 2005 in Mumbai, Maharashtra, sells packaged agricultural goods and fast-moving consumer goods like staples (sugar, rice, pulses, lentils, ghee) under the Braunz and Jivanam brands. It also sells drinks like Jeera Soda, Lemon Soda, and Fruitzzzup fruit juices through a combination of three-tier and direct-to-distributor models. ISO-certified operations use a "farm-to-fork" strategy to serve organised retail and Q-commerce in eastern India. The company plans to use the ₹67.39 Cr it raised in its IPO to buy a warehouse (₹10.20 Cr), fix it up (₹1.90 Cr), and pay for other things (₹43 Cr).
CKK Retail Mart Limited uses fast FMCG distribution to modernise kirana stores and e-commerce platforms for staples and drinks.
Before the NSE SME IPO, CKK Retail Mart had strong finances, with a total income of ₹159.93 Cr, PAT of ₹8.59 Cr, and assets of ₹79.74 Cr. ₹88.02 Cr (54 lakh shares at ₹10 FV) in the price range of ₹155–163 (lot size 800 shares = ₹260,800 min retail for 2 lots). It will be open from January 30 to February 3, 2026, with allotment on February 4 and NSE SME listing on February 6.
The CKK Retail Mart Limited IPO includes a new issue of ₹67.39 Cr (43.60 lakh shares at ₹10 face value) plus ₹16.17 Cr from existing shareholders selling their shares (10.40 lakh shares), which will be used to buy leasehold plots and warehouses (₹10.20 Cr), improve warehouses (₹1.90 Cr), increase working capital (₹43
CKK Retail Mart IPO proceeds (fresh issue portion) will be deployed towards the following objectives:
CKK Retail Mart Ltd NSE SME IPO reserves 54 lakh shares across investor categories per standard SME norms:
The Anchor bidding of CKK Retail Mart starts on January 29, 2026 (~28.42% of QIB quota: ~6.56 lakh shares).
Lock-in: 50% for 30 days, 50% for 90 days as per SEBI norms, as per SEBI SME guidelines.
The anchor allocation document filed right before issue opens will list specific anchor investor names via registrar Bigshare Services Pvt Ltd.
According to RHP disclosures, CKK Retail Mart Limited has strong financials for FY25, with total income of ₹301.85 Cr, PAT of ₹16.36 Cr, EPS of ₹10.94, assets of ₹68.09 Cr, and net worth of ₹42.53 Cr. This growth is due to the rising demand for packaged agricultural goods (sugar, rice, and pulses under the Braunz/Jivanam brands) and drinks (Jeera Soda and Fruitzzzup), as well as the expansion of a hybrid three-tier model across eastern India that serves Q-commerce and kirana networks.
The company is worth 0.29 times its FY25 sales and 14.9 times its FY25 EPS (after the issue) at the upper price band (₹163). This is a fair price for an FMCG distributor that is benefiting from India's 12-15% CAGR packaged foods market, which is being driven by ₹111 lakh Cr NIP logistics investments, urbanisation, and 20%+ online grocery penetration by 2027. Some of the main things that are helping the business are the growth of organised retail, the boom in Tier-2 and Tier-3 consumption, the growing demand for branded staples, and the efficient supply chain that supports quick commerce platforms that are growing at more than 25% a year.
The important risks and strengths of the CKK Retail Mart IPO are mentioned below:
Strengths:
Experienced Management Team: Saurabh Malhotra and Kusum Chander Mohan Malhotra, both of whom have deep expertise in agro-commodities distribution and FMCG trading and leading the team.
Wide Distribution Network: Uses a mix of three-tier and direct-to-distributor models to reach customers in eastern India through 23 distributors and 15 super stockists.
A wide range of products: Offers staples like sugar, rice, pulses, and ghee from the Braunz and Jivanam brands, as well as drinks like Jeera Soda, Lemon Soda, and Fruitzzzup juices that will be available in April 2025. These are available on Q-commerce platforms like Zepto and Blinkit.
Risks
Profitability Concerns: PAT margins stayed steady at about 5.4% (5.43% in FY25 and 5.39% in H1FY26) even though sales went up. This is because prices are too low compared to other branded FMCG companies.
Geographic Concentration: The business is mostly in eastern India, which means that its income is affected by regional economic cycles, slowdowns in the modernisation of kirana stores, and competition from unorganised traders.
Working Capital Intensity: The ₹43 Cr IPO allocation for working capital shows that agro-commodities distribution has high inventory cycles that are sensitive to changes in commodity prices and delays in payments.
RHP filings show that CKK Retail Mart Limited has strong FY25 financials, with total income of ₹301.85 Cr (+29% YoY), PAT of ₹16.36 Cr (5.43% margin), ROE of 47.63%, ROCE of 51.59%, and an EBITDA margin of 7.50%. H1FY26 keeps up the pace with ₹159.93 Cr in revenue and ₹8.59 Cr in PAT, thanks to branded staples (Braunz/Jivanam) and drinks (Fruitzzzup, Jeera Soda) that are delivered efficiently to Q-commerce and kirana networks through a three-tier system.
Strategically placed in India's FMCG distribution market, which is growing at a rate of 12–15% per year, with a ₹111 lakh Cr NIP logistics push, urbanisation, and 20%+ online grocery penetration by 2027. However, PAT margins are lower than those of premium branded competitors.
The ₹88.02 Cr NSE SME IPO at the ₹163 upper band is worth 0.29x FY25 sales and 18.38x post-issue EPS (some analysts say it's too high), and the ₹43 Cr working capital allocation has people talking. Investors with additional funds may want to look into long-term FMCG tailwinds, even though they are concentrated in certain areas and have low margins.
Investors are advised to exercise discretion and refer to the full DRHP/RHP document before reaching any investment decision. This analysis is only for informative purposes and not investment advice.
Action Links:
To apply for CKK Retail Mart IPO, open a demat account here
CKK Retail Mart IPO Subscription Status: Check live subscription here
CKK Retail Mart IPO GMP Update: Check latest grey market premium here
1. What are the CKK Retail Mart IPO dates for 2026?
The CKK Retail Mart Limited NSE SME IPO opens January 30, closes February 3 (anchor bids January 29), has a basis of allotment of February 4, and lists February 6.
Track the CKK Retail Mart IPO subscription status live here at Finnpick.
2. What is the CKK Retail Mart IPO price band and lot size?
The IPO price band stands at ₹155-163 per share (FV ₹10), with a lot size of 800 shares (retail min ₹260,800 for 2 lots); HNI min ₹7.82 lakh (3 lots).
3. What is CKK Retail Mart IPO FY25 Financials ROE PAT?
The financials of CKK Retail Mart stand at H1FY26 revenue of ₹32.29 Cr, FY25 PAT of ₹2.35 Cr (margin 3.64%), ROE of 13.80%, ROCE of 13.76%, and EBITDA margin of 9.99% amid infrastructure demand and exports.
4. How to apply for the CKK Retail Mart IPO?
Open a demat here (Zerodha/Upstox/AngelOne) or ASBA by Feb 03, 4 PM. Monitor CKK Retail Mart IPO subscription tracker here.
5. How to check CKK Retail Mart IPO allotment status?
The allotment date is on Feb 04th and can be checked on the Bigshare Services portal RTA portal using PAN/DP ID.
6. What is the CKK Retail Mart IPO GMP today and subscription status?
The current Grey Market Premium (GMP) stands at ₹0 (flat) as of Jan 23, indicating listing at the same price range of ₹163—check daily updates of CKK Retail Mart IPO GMP trends here and live subscription status here from the Jan 30th opening only on Finnpick.
7. What does CKK Retail Mart specialise in?
The CKK Retail Mart, which is a Mumbai-based company, specialises in the FMCG distribution of Braunz/Jivanam staples (sugar, rice, and pulses) and Fruitzz/Jeera soda beverages via the "farm-to-fork" model.
8. When is the CKK Retail Mart IPO listing date?
The CKK Retail Mart Ltd IPO lists on 06th February, 2026, on BSE SME (~T+2 post-allotment Feb 04).
9. What are the details regarding the utilisation of the CKK Retail Mart IPO proceeds?
The CKK Retail Mart IPO proceeds fund ₹67.39 Cr in fresh proceeds: ₹10.20 Cr for leasehold warehouses, ₹1.90 Cr for refurbishment, ₹43 Cr for working capital, and the balance for general purposes.
10. What is CKK Retail Mart IPO total size?
The CKK Retail Mart IPO size is 54 lakh shares aggregating ₹88.02 Cr (₹67.39 Cr fresh + ₹16.17 Cr OFS).
