C K K Retail Mart Ltd IPO

The IPO opens on 30 Jan 2026 & closes on 03 Feb 2026.

CKK Retail Mart Ltd was originally incorporated as Sakuma Exports Private Limited on February 14, 2005 vide Certificate of Incorporation issued by the Registrar of Companies, Mumbai. Subsequently the name of Company was changed from 'Sakuma Exports Private Limited' to C K K Exports Private Limited' on July 14, 2005 and again changed from C K K Exports Private Limited to C K K Retail Mart Private Limited dated June 9, 2022 issued by the Registrar of Companies, Mumbai. Thereafter, Company was converted into a Public Limited and finally name was changed to C K K Retail Mart Limited. A fresh Certificate of Incorporation dated September 29, 2023 issued by the Registrar of Companies, Mumbai. CKK Retail Mart is a part of Sakuma Group. The Sakuma Group, including CKK Retail Mart started their agro commodity business under the leadership of Late Mr. Chander Mohan Malhotra and is currently run, operated, managed by the competent team guided by his son Mr. Saurabh Malhotra. Company is in the business of distribution of agricultural commodities and carbonated soft drinks. Their carbonated soft drinks are sold in 5 flavors- blueberry, green apple, jeera (masala soda), lemon and orange. The Company purchases processed/ cleaned agro- commodities from various mills located at Maharashtra, Gujarat Karnataka, Uttar Pradesh & Telangana and supplies the same to the packaging company who repacks the same for retail consumption. A similar process is followed for carbonated soft drinks. Their repacked retail finished products- agro commodities and soft drinks are sold are under brand names of 'Jivanam' (Products), sugar -'SugarM' (M Grade Sugar-), 'Baunz' (Brown Sugar), 'Mithalal Ki Mithaas'- (Refine sugar ) and soft drink- 'Fizzz Up'. Besides, their agro commodities product portfolio includes sales of lentils such as urad dal, moong dal, toor dal masoor dal, moong dal, chana dal, Rice and Sugar. Their finished products- agro commodities and soft drinks are sold through customers, i.e. through the wholesalers/ distributors. The Company is proposing the Public Issue aggregating Rs 94.5 Crores Equity Shares by raising capital and by issuing 27,00,000 Fresh Issue Equity Shares.

C K K Retail Mart Ltd IPO will close on 03 Feb 2026.

<ul><li>Experienced promoters and management team.</li><li>Well established relationships with our suppliers and wide channel of sales and distribution network.</li><li>Leveraging our market skills and relationships</li><li>Diversified products portfolio.</li></ul>

<table class="table"> <thead> <tr> <th>S.No</th> <th>Promoters Name</th> <th>Pre Issue Shares</th> <th>Pre Issue Percentage</th> <th>Post Issue Shares</th> <th>Post Issue Percentage</th> </tr> </thead> <tbody> <tr> <td>1</td> <td>Saurabh Malhotra</td> <td>2508000</td> <td>16.76</td> <td>2508000</td> <td>12.95</td> </tr> <tr> <td>2</td> <td>Kusum Chander Mohan Malhotra</td> <td>11992</td> <td>0.08</td> <td>11992</td> <td>0.06</td> </tr> <tr> <td>3</td> <td>Sakuma Infrstructure & Realty</td> <td>12440000</td> <td>83.16</td> <td>11448000</td> <td>59.11</td> </tr> <tr> <td>4</td> <td>Vanitha Malhotra</td> <td>2</td> <td>---</td> <td>2</td> <td>---</td> </tr> <tr> <td>5</td> <td>Sukriti Trading Limited</td> <td>2</td> <td>---</td> <td>2</td> <td>---</td> </tr> <tr> <td>6</td> <td>Kriti Malhotra</td> <td>2</td> <td>---</td> <td>2</td> <td>---</td> </tr> <tr> <td>7</td> <td>Sakuma Finvest Private Limited</td> <td>2</td> <td>---</td> <td>2</td> <td>---</td> </tr> </tbody> </table>

<ul><li>We derive the majority of our revenue from distribution and trading of sugar, and therefore vulnerable to a range of risks associated with the sugar industry.</li><li>Our revenue from operations has significantly increased from Rs. 10,327.13 Lakhs in FY 2022-23 to Rs. 23,302.48 Lakhs in FY 2023-24 resulting in growth of over 100% (YOY). Similarly, our revenue from operations has further increased from Rs. 23,302.48 Lakhs Lakhs in FY 2023-24 to Rs. 30,118.67 Lakhs in FY 2024-25 leading to growth of 29.25% (YOY). If we are unable to sustain or manage our growth rate our business operations and results of operations may be adversely affected, and this rate of growth may not be achievable in the future.</li><li>Our Profit After Tax has significantly increased in recent financial years. If we are unable to sustain or improve our profitability, our business, financial condition and results of operations may be adversely affected.</li><li>We are dependent upon a limited number of suppliers for our agro-commodities. Any failure of our suppliers to deliver these agro-commodities in the necessary quantities or to adhere to delivery schedules, credit terms or specified quality standards and technical specifications may adversely affect our business and our ability to deliver orders on time at the desired level of quality.</li><li>Non-payment and procedural non-compliance in relation to stamp duty on certain instruments executed by the Company may subject us to penalties or other regulatory actions.</li><li>We are dependent on third party manufacturers for manufacturing the beverages, and any disruption in these arrangements could materially and adversely affect our business operations, results of operations, and financial condition.</li><li>We derive 89.58%, 88.92% and 99.67% of our revenue from our top 10 key customers Financial Years ended on March 31, 2025, 2024 and 2023 respectively.</li><li>Failure to timely obtain registration under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 ("EPF Act") and non-compliance with the Payment of Bonus Act, 1965 ("Bonus Act") may expose us to penalties and regulatory actions.</li><li>Instances of delays in payment of employee-related statutory dues in the past may expose us to regulatory action, including imposition of penalties.</li><li>We have had negative cash flows in the past. Sustained negative cash flow could adversely impact our business, financial condition, and results of operations.</li><li>Our Company requires significant amounts of working capital for a continued growth. Our inability to meet our working capital requirements may have an adverse effect on our results of operations.</li><li>We have not entered into formal agreements with our super stockists and distributors, which may affect our ability to enforce terms and ensure continued business relationships.</li><li>Our proposed acquisition of leasehold plots together with warehouses constructed thereon, which is one of the Objects of the Offer, is subject to fulfilment of certain conditions, and failure to consummate the acquisition may adversely affect our ability to utilise the Offer Proceeds as intended.</li><li>An inability to expand or effectively manage our growing super stockist and distributor network, or any disruptions in our distribution chain may have an adverse effect on our business prospects and financial performance.</li><li>We do not own any premises, including our registered office and warehouses and rely exclusively on leave and license agreements for these locations. In the event we lose such rights or are required to negotiate it, our cash flows, business, financial conditions and results of operations could be adversely affected.</li><li>Since Company is engaged in business of trading of agro commodities, our Company is dependent on continuous availability, quality of agro commodities and fluctuations in agro commodities pricing including the taxes and levies on the agro commodities, could have adverse impact on our Company's business, financial condition and profitability.</li><li>Our Company has made incorrect disclosures in past statutory filings, including showing members of the Promoter Group as Promoters, which may expose us to regulatory scrutiny.</li><li>Certain entities have not been disclosed in the Income Tax Returns of our Promoter and members of our Promoter Group, which may lead to potential scrutiny and could adversely affect investor perception.</li><li>There are discrepancies in the records relating to our Promoter and Directors across different documents, which may result in regulatory challenges.</li><li>Mr. Kuntal Jitendra Dave has been a director in certain companies that have been struck off by the Registrar of Companies, and we have not disclosed all such entities due to lack of documentary records. Any adverse findings in this regard may affect the accuracy of our disclosures and expose us to regulatory or reputational risks.</li><li>Acceptance of our recently launched products among consumers may not be as high as we anticipate which may limit our ability to strengthen our brands and have an adverse effect on our business, financial condition and results of operations.</li><li>Non-availability of death certificate of a member of the Promoter Group may affect regulatory compliance and create potential legal uncertainties.</li><li>Our products are semi-perishable in nature and the shelf life of our products ranges from 4-24 months. Inaccurate demand forecasting for our semi-perishable product can result in excess inventory and waste which, in turn, could have an adverse effect on our business, financial condition, results of operations and cash flows.</li><li>Our Company and our Group Company, Sakuma Exports Limited, share the same main objects, which may lead to potential conflicts of interest and could adversely impact our business operations.</li><li>Our operating results could be significantly impacted if we are unable to accurately forecast consumer demand for our products or effectively manage our inventory.</li><li>Our Company benefits from certain export benefit schemes which are subject to the policies and decisions of the Government. Any reduction in or termination of incentives/ subsidies/ schemes we enjoy or change in other favourable government policies resulting in reduction or termination of incentives/ subsidies/ schemes may affect our business, results of operations, cash flows and financial condition.</li><li>We may be unable to sufficiently obtain, maintain, protect, or enforce our intellectual property and other proprietary rights.</li><li>Certain of our corporate records and those of our Corporate Promoter are not traceable. We cannot assure you that legal proceedings or regulatory actions will not be initiated against us in the future, or that we will not be subject to any penalty imposed by the competent regulatory authority in relation to such discrepancies.</li><li>Any claim of intellectual property infringement from third parties, regardless of merit or resolution of such claims, could force us to incur significant costs in responding to, defending and resolving such claims, and may divert the efforts and attention of our management and technical personnel away from our business. Our inability to obtain or maintain our trademarks in our business, could adversely affect our reputation, goodwill, business prospectus, and results of operations.</li><li>We rely on third-party transportation providers for and distribution of our products. Any failure by any of our transportation providers to deliver our products on time, or in good condition, or at all, may adversely affect our business, financial condition and results of operations.</li><li>Our Company has delayed filing certain statutory forms with the Registrar of Companies (RoC) in the past, and any future delays or regulatory actions for such non-compliances could adversely affect our business operations and financial position.</li><li>The Company, its Promoter Saurabh Malhotra and Group Company, Sakuma Exports Limited are party to certain litigations. These legal proceedings are pending at different levels of adjudication before various forums and regulatory authorities, which, if determined adversely, may impact our reputation and business operations.</li><li>We could be adversely affected by a change in consumer preferences, perception and spending habits. Further, if our product development efforts to cater to changing consumer preferences are not successful, our business may be restricted.</li><li>Any contamination or deterioration of our products could result in legal liability, damage our reputation and adversely affect our business prospects and financial performance.</li><li>We have certain contingent liabilities and commitments which if materialized, could adversely affect our financial condition.</li><li>Our Group Company, Kuma Infra and Realty Private Limited has incurred losses in the past, which could not be perceived positively by external parties.</li><li>We operate in a competitive market and any increase in competition may adversely affect our business and financial condition.</li><li>Our e-commerce business faces distinct risks, and our failure to successfully manage those risks could have a negative impact on our profitability.</li><li>In case of our inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operate our business, it may have a material adverse effect on our business.</li><li>We will continue to be controlled by our Promoter and Promoter Group after the completion of the Offer, which will allow them to influence the outcome of matters submitted for approval of our shareholders.</li><li>We are dependent on our Promoters, Key Managerial Personnel and Senior Management. The loss of or our inability to attract or retain such persons could adversely affect our business, results of operations, financial condition and cash flows.</li><li>We have in the past entered into related party transactions and may continue to do so in the future, which may potentially involve conflicts of interest with the equity shareholders.</li><li>If we are unable to manage our growth effectively and further expand into new markets, and secure additional capital resources, our business, financial performance, and results of operations could be materially and adversely affected.</li><li>Our ability to pay dividends in the future will depend on our future cash flows, working capital requirements, capital expenditures, and financial condition.</li><li>Our insurance coverage may not be adequate to protect us against all potential losses to which we may be subject, and this may have a material effect on our business and financial condition.</li><li>We have not independently verified certain data in this Draft Red Herring Prospectus.</li><li>Inability to protect, strengthen and enhance our existing reputation could adversely affect our business prospects and financial performance.</li><li>The company may be subject to unionization, strikes, work stoppages or increased labour costs, which could adversely affect its business and results of operations.</li><li>There are certain restrictive covenants in the agreement that the Company has entered into with ICICI Bank.</li><li>The Company has not made provisions for any potential decline in the value of investments.</li><li>The schedule of the company's estimated deployment of Net Proceeds is subject to inherent uncertainties.</li><li>The derives the majority of its revenue from distribution and trading of sugar, and therefore vulnerable to a range of risks associated with the sugar industry.</li><li>The company's revenue from operations has significantly increased from Rs. 10,327.13 Lakhs in FY 2022-23 to Rs. 23,302.48 Lakhs in FY 2023-24 resulting in growth of over 100% (YOY). Similarly, the company's revenue from operations has further increased from Rs. 23,302.48 Lakhs in FY 2023-24 to Rs. 30,118.67 Lakhs in FY 2024-25 leading to growth of 29.25% (YOY). If the company is unable to sustain or manage its growth rate the company's business operations and results of operations may be adversely affected, and this rate of growth may not be achievable in the future.</li><li>The company's Profit After Tax has significantly increased in recent financial years. If the company is unable to sustain or improve its profitability, the company's business, financial condition and results of operations may be adversely affected.</li><li>Any inability to successfully operate and scale the Company's distributor-led sales model could adversely affect its business and financial performance.</li><li>Any delay in payment or procedural non-compliance in relation to stamp duty on certain instruments executed by the Company may subject us to penalties or other regulatory actions.</li><li>The company is dependents upon a limited number of suppliers for its agro-commodities. Any failures of its suppliers to deliver these agro-commodities in the necessary quantities or to adhere to delivery schedules, credit terms or specified quality standards and technical specifications may adversely affect the company's business and our ability to deliver orders on time at the desired level of quality.</li><li>The Company, its Promoter Saurabh Malhotra and Group Company, Sakuma Exports Limited are party to certain litigations. These legal proceedings are pending at different levels of adjudication before various forums and regulatory authorities, which, if determined adversely, may impact its reputation and business operations.</li><li>The company operates in a competitive market and any increase in competition may adversely affect its business and financial condition.</li><li>The company may be unable to sufficiently obtain, maintain, protect, or enforce its intellectual property and other proprietary rights.</li><li>The company is dependents on third party manufacturers for manufacturing the beverages, and any disruption in these arrangements could materially and adversely affect its business operations, results of operations, and financial condition.</li><li>The company derives 90.62%, 89.58%, 88.92% and 99.67% of its revenue from the company's top 10 key customers for the period ended September 30, 2025 and Financial Years ended March 31, 2025, 2024 and 2023 respectively.</li><li>Failures to timely obtain registration under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 ("EPF Act") and non-compliance with the Payment of Bonus Act, 1965 ("Bonus Act") may expose the company to penalties and regulatory actions.</li><li>Instances of delays in payment of employee-related statutory dues in the past may expose the company to regulatory action, including imposition of penalties.</li><li>The company has had negative cash flows in the past. Sustained negative cash flow could adversely impact its business, financial condition, and results of operations.</li><li>The Company requires significant amounts of working capital for a continued growth.The company's inability to meet our working capital requirements may have an adverse effect on its results of operations.</li><li>The company has not entered into formal agreements with the company's super stockists and distributors, which may affect its ability to enforce terms and ensure continued business relationships.</li><li>The company's proposed acquisition of leasehold plots together with warehouses constructed thereon, which is one of the Objects of the Offer, is subject to fulfilment of certain conditions, and failures to consummate the acquisition may adversely affect its ability to utilise the Offer Proceeds as intended.</li><li>An inability to expand or effectively manage its growing super stockist and distributor network, or any disruptions in the company's distribution chain may have an adverse effect on its business prospects and financial performance.</li><li>The company does not own any premises, including its registered office and warehouses and rely exclusively on leave and license agreements for these locations. In the event we lose such rights or are required to negotiate it, the company's cash flows, business, financial conditions and results of operations could be adversely affected.</li><li>Since Company is engaged in business of trading of agro commodities, the Company is dependent on continuous availability, quality of agro commodities and fluctuations in agro commodities pricing including the taxes and levies on the agro commodities, could have adverse impact on the Company's business, financial condition and profitability.</li><li>Certain entities have not been disclosed in the Income Tax Returns of its Promoter and members of the company's Promoter Group, which may lead to potential scrutiny and could adversely affect investor perception.</li><li>The Company has made incorrect disclosures in past statutory filings, including showing members of the Promoter Group as Promoters, which may expose the company to regulatory scrutiny.</li><li>There are discrepancies in the records relating to its Promoter and Directors across different documents, which may result in regulatory challenges.</li><li>Mr. Kuntal Jitendra Dave has been a director in certain companies that have been struck off by the Registrar of Companies, and the company has not disclosed all such entities due to lack of documentary records. Any adverse findings in this regard may affect the accuracy of its disclosures and expose the company to regulatory or reputational risks.</li><li>Acceptance of its recently launched products among consumers may not be as high as we anticipate which may limit the company's ability to strengthen its brands and have an adverse effect on the company's business, financial condition and results of operations.</li><li>Non-availability of death certificate of a member of the Promoter Group may affect regulatory compliance and create potential legal uncertainties.</li><li>The company's products are semi-perishable in nature and the shelf life of its products ranges from 4-24 months. Inaccurate demand forecasting for the company's semi-perishable product can result in excess inventory and waste which, in turn, could have an adverse effect on its business, financial condition, results of operations and cash flows.</li><li>The company's operating results could be significantly impacted if the company is unable to accurately forecast consumer demand for its products or effectively manage the company's inventory.</li><li>The Company benefits from certain export benefit schemes which are subject to the policies and decisions of the Government. Any reduction in or termination of incentives/ subsidies/ schemes the company enjoy or change in other favourable government policies resulting in reduction or termination of incentives/ subsidies/ schemes may affect its business, results of operations, cash flows and financial condition.</li><li>Certain of its corporate records and those of the company's Corporate Promoter are not traceable. The company cannot assure you that legal proceedings or regulatory actions will not be initiated against the company in the future, or that the company will not be subject to any penalty imposed by the competent regulatory authority in relation to such discrepancies.</li><li>Any claim of intellectual property infringement from third parties, regardless of merit or resolution of such claims, could force the company to incur significant costs in responding to, defending and resolving such claims, and may divert the efforts and attention of its management and technical personnel away from its business.The company's inability to obtain or maintain its trademarks in the company's business, could adversely affect its reputation, goodwill, business prospectus, and results of operations.</li><li>The company relies on third-party transportation providers for and distribution of its products. Any failures by any of its transportation providers to deliver the company's products on time, or in good condition, or at all, may adversely affect its business, financial condition and results of operations.</li><li>The Company has delayed filing certain statutory forms with the Registrar of Companies (RoC) in the past, and any future delays or regulatory actions for such non-compliances could adversely affect its business operations and financial position.</li><li>The company could be adversely affected by a change in consumer preferences, perception and spending habits. Further, if the company's product development efforts to cater to changing consumer preferences are not successful, the company's business may be restricted.</li><li>Any contamination or deterioration of its products could result in legal liability, damage the company's reputation and adversely affect its business prospects and financial performance.</li><li>The company has certain contingent liabilities and commitments which if materialized, could adversely affect its financial condition.</li><li>The company's Group Company, Kuma Infra and Realty Private Limited has incurred losses in the past, which could not be perceived positively by external parties.</li><li>The company's e-commerce business faces distinct risks, and its failures to successfully manage those risks could have a negative impact on its profitability.</li><li>In case of its inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operate the company's business, it may have a material adverse effect on its business.</li><li>The company will continue to be controlled by its Promoter and Promoter Group after the completion of the Offer, which will allow them to influence the outcome of matters submitted for approval of the company's shareholders.</li><li>The company is dependents on its Promoters, Key Managerial Personnel and Senior Management. The loss of or the company's inability to attract or retain such persons could adversely affect its business, results of operations, financial condition and cash flows.</li><li>The company has in the past entered into related party transactions and may continue to do so in the future, which may potentially involve conflicts of interest with the equity shareholders.</li><li>If the company is unable to manage its growth effectively and further expand into new markets, and secure additional capital resources, the company's business, financial performance, and results of operations could be materially and adversely affected.</li><li>The company's ability to pay dividends in the future will depend on its future cash flows, working capital requirements, capital expenditures, and financial condition.</li><li>The company's insurance coverage may not be adequate to protect the company against all potential losses to which the company may be subject, and this may have a material effect on its business and financial condition.</li><li>The company has not independently verified certain data in this Red Herring Prospectus.</li><li>Inability to protect, strengthen and enhance its existing reputation could adversely affect the company's business prospects and financial performance.</li><li>The company may be subject to unionization, strikes, work stoppages or increased labour costs, which could adversely affect its business and results of operations.</li><li>There are certain restrictive covenants in the agreement that the Company has entered into with ICICI Bank.</li><li>The Company has not made provisions for any potential decline in the value of investments.</li><li>The schedule of its estimated deployment of Net Proceeds is subject to inherent uncertainties.</li><li>The company's Promoter Ms. Vanitha Malhotra, does not have prior experience in the Company's line of business, which may affect her ability to contribute to its business strategy and operations.</li></ul>

The Issue type of C K K Retail Mart Ltd is Book Building - SME.

The minimum application for shares of C K K Retail Mart Ltd is 1600.

The total shares issue of C K K Retail Mart Ltd is 5400000.

Initial public offer of upto 54,00,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of C K K Retail Mart Limited ("The Company" or "C K K Retail") at an offer price of Rs. 155-Rs. 163 per equity share for cash, aggregating up to Rs. 83.7-Rs. 88.02 Crore comprising of fresh issue of up to 44,08,000 equity shares aggregating to Rs. 68.32-Rs. 71.85 Crore ("Fresh Issue") and an offer for sale of up to 9,92,000 equity shares by Sakuma Infrastructure And Realty Private Limited (" Promoter Selling Shareholder") aggregating to Rs. 15.38-Rs. 16.17 Crore ("Offer For Sale") ("Public Offer"). The offer includes a reservation of up to 2,73,600 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 155-Rs. 163 per equity share for cash, aggregating Rs. 4.24-Rs. 4.46 Crore will be reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The public offer less market maker reservation portion i.e. net offer of up to 51,26,400 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 155-Rs. 163 per equity share for cash, aggregating upto Rs. 79.46-Rs. 83.56 Crore is herein after referred to as the "Net Offer". The public offer and net offer will constitute 27.88% and 26.47% respectively of the post-offer paid-up equity share capital of the company. Price Band: Rs. 155 to Rs. 163 per equity share of face value Rs. 10 each. The floor price is 15.5 times of the face value of the equity shares and the cap price is 16.3 times of the face value of the equity shares. Bids can be made for a minimum of 1600 equity shares and in multiples of 800 equity shares thereafter.