Key allotments exceeding 5% of the issue included Motilal Oswal Small Cap Fund and related funds with a combined 25% stake (4.69 lakh shares), Subhkam Ventures I Pvt Ltd with 2.81 lakh shares (14.97%), Malabar India Fund Limited with 1.88 lakh shares (10.02%), Edelweiss Trusteeship Co Ltd and affiliated funds with 1.40 lakh shares (7.47%), and Buoyant Opportunities Strategy-II with 98,016 shares (5.23%).
Also Read: V2 Retail eyes higher-than-guided 8-10% same-store sales growth on festive trendsThe QIP was approved by the Fundraising Committee in a meeting held on November 3, 2025.
Second Quarter ResultsV2 Retail’s standalone revenue rose to ₹705 crore, marking an 86% year-on-year growth from ₹380 crore in the same quarter last year. The company attributed the performance to focused execution, innovation-led expansion, and deeper market penetration.
Same Store Sales Growth (SSSG) for the quarter stood at 23.4% YoY, while normalised SSSG, adjusted for the Durga Puja festival shift from Q3 to Q2, was approximately 10.3%. The company highlighted strong sell-through rates, limited markdowns, and disciplined inventory management as key drivers of sustained consumer demand.
Also Read: V2 Retail shares hit 5% lower circuit after CEO Manshu Tandon resigns
Store productivity remained strong, with monthly sales per square feet at ₹938, despite an aggressive expansion strategy. In Q2 FY26, V2 Retail added 43 new stores, bringing its total store count to 259 with a retail footprint of approximately 27.94 lakh sq. ft, with a focus on Tier 2 and Tier 3 markets.
Shares of V2 Retail Ltd ended at ₹2,500.00, up by ₹50.45, or 2.06%, on the BSE.
