CKK Retail Mart IPO: A Fast-Growing FMCG Distributor Hits the Market
CKK Retail Mart Limited, a key distributor of packaged agro-commodities and branded beverages, is launching its ₹88.02 crore SME IPO. This post breaks down the company’s massive 100% revenue growth in FY24, its expansion into the "FruitzzzUp" juice brand, and the key financial metrics you need to evaluate before the bidding window opens on January 30, 2026.
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1. Who is CKK Retail Mart Limited?
Incorporated in 2005 and headquartered in Mumbai, CKK Retail Mart Limited is an established player in the distribution and trading of packaged FMCG and agro-products. Part of the Sakuma Group, the company has evolved from general trading to a specialized distribution model serving a wide range of retail and wholesale customers.
Their Product Portfolio Includes:
Agro-Commodities: Packaged sugar, rice, pulses, and ghee under their own brands like Braunz and Jivanam.
Beverages: Milk powder and soft drinks. In April 2025, they launched "FruitzzzUp," a fruit-pulp-based juice brand.
Reach: A strong regional presence across Maharashtra, Bihar, West Bengal, and the North-Eastern states.
Quick Commerce: The company has adapted to modern trends by listing products on platforms like Zepto and Blinkit.
2. Key IPO Details & Timeline
The IPO is a Book Built Issue comprising a Fresh Issue of ₹71.85 crore and an Offer for Sale (OFS) of ₹16.17 crore.
| Event | Date / Details |
|---|---|
| IPO Open Date | Friday, January 30, 2026 |
| IPO Close Date | Tuesday, February 3, 2026 |
| Price Band | ₹155 to ₹163 per share |
| Lot Size | 800 Shares |
| Minimum Investment (Retail) | ₹2,60,800 (Min 2 Lots / 1,600 shares) |
| Allotment Finalization | Wednesday, February 4, 2026 |
| Listing Date (Tentative) | Friday, February 6, 2026 |
| Listing Platform | NSE SME (Emerge) |
3. Financial Highlights: Robust Scaling
CKK Retail Mart has shown exceptional momentum in its top and bottom lines:
Revenue Growth: Revenue jumped from ₹103.27 Cr (FY23) to ₹301.19 Cr (FY25).
Profitability: Profit After Tax (PAT) surged from ₹4.51 Cr (FY23) to ₹16.36 Cr (FY25).
Efficiency: The company boasts a high Return on Equity (ROE) of 38.47% and a ROCE of 62.9% (FY25).
Current Performance: For H1 FY26 (ended Sept 2025), it has already reported a PAT of ₹8.59 Cr on a revenue of ₹159.93 Cr.
4. Objectives of the Issue
The capital raised through the fresh issue will be strategically deployed for:
Warehouse Expansion (₹10.20 Cr): Funding the acquisition of leasehold plots and existing warehouses in Kolhapur.
Refurbishment (₹1.90 Cr): Repairing and upgrading warehouse facilities.
Working Capital (₹43.00 Cr): Vital for their high-turnover distribution model.
General Corporate Purposes: General operational and administrative expenses.
5. Investment Analysis: Strengths vs. Risks
Strengths:
Proven Pedigree: Part of the Sakuma Group with experienced leadership under Mr. Saurabh Malhotra.
Asset-Backed Growth: Moving toward owned/long-term leased warehouses to stabilize supply chain costs.
Modern Distribution: Entry into high-growth Quick Commerce (Zepto/Blinkit) provides a competitive edge over traditional traders.
Risks:
Customer Concentration: The top 10 customers contributed nearly 90% of revenue in FY25, posing a significant risk if a major relationship sours.
Commodity Sensitivity: Margins are highly dependent on the price fluctuations of sugar and pulses.
Working Capital Intensity: The business requires significant cash flow to maintain inventory levels across multiple states.
6. Conclusion
CKK Retail Mart is entering the market with a P/E ratio of approximately 14.9x to 18x based on its latest earnings. While the profit margins "raise eyebrows" for outperforming the industry average, the company's clear shift from bulk trading to branded consumer products (FruitzzzUp) suggests a higher-margin future. It presents a high-growth opportunity for SME investors who are comfortable with the inherent risks of the agro-distribution sector.