V2 Retail Limited, a value retail chain, has successfully raised ₹399.99 crore through a Qualified Institutional Placement (QIP), the company announced on November 3, 2025. The funds were raised by issuing 18.74 lakh equity shares to eligible institutional investors at an issue price of ₹2,134 per share, which includes a premium of ₹2,124 and represents a 4.98% discount to the floor price.
Following the allotment, V2 Retail’s paid-up equity share capital rose from ₹34.59 crore (3.46 crore shares) to ₹36.46 crore (3.65 crore shares). The QIP was approved by the company’s Fundraising Committee during its meeting held on the same day.
Major Institutional Participants
Prominent institutional investors participated in the QIP, including:
- Motilal Oswal Small Cap Fund and related funds: 25% allocation (4.69 lakh shares)
- Subhkam Ventures I Pvt. Ltd.: 14.97% (2.81 lakh shares)
- Malabar India Fund Limited: 10.02% (1.88 lakh shares)
- Edelweiss Trusteeship Co. Ltd. and affiliates: 7.47% (1.40 lakh shares)
- Buoyant Opportunities Strategy-II: 5.23% (98,016 shares)
The successful participation of key investors highlights growing institutional confidence in the company’s business performance and long-term growth outlook.
Q2 FY26 Performance
For the quarter ended September 30, 2025 (Q2 FY26), V2 Retail reported a standalone revenue of ₹705 crore, reflecting a strong 86% year-on-year growth compared with ₹380 crore in the same quarter last year.
- Same Store Sales Growth (SSSG): 23.4% YoY
- Normalised SSSG (adjusted for festival shifts): 10.3%
- Store productivity: ₹938 sales per sq. ft. per month
During the quarter, the company added 43 new stores, taking its total store count to 259 across Tier 2 and Tier 3 cities, covering 27.94 lakh sq. ft of retail space.
Summary:
V2 Retail Limited raised ₹399.99 crore via a Qualified Institutional Placement by issuing 18.74 lakh shares at ₹2,134 each to institutional investors. The company’s equity base expanded following the allotment. In Q2 FY26, V2 Retail reported an 86% YoY revenue increase to ₹705 crore, driven by strong same-store sales growth and continued expansion into Tier 2 and Tier 3 markets.
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