Patel Retail IPO
Open MainLineCurrent GMP
₹52 (+20.39%)
Price Band
₹ 237 – 255
Lot Size
58
Issue Size
₹242.76 Cr
Minimum Investment
₹14790 (58 Shares)
Listing Date
26 August 2025
Subscription
95.7x
About the Company
Established in 2008, Patel Retail Limited is a growing supermarket chain primarily serving Tier-III cities and nearby suburban regions. With a focus on value-driven retail, the company offers a comprehensive range of products including food items, FMCG, general merchandise, and apparel, catering to the daily and bulk shopping needs of families.
Patel Retail opened its first store under the brand “Patel’s R Mart” in Ambernath, Maharashtra. As of May 31, 2025, it operates 43 stores across suburban areas in the Thane and Raigad districts of Maharashtra, covering a total retail space of approximately 178,946 sq. ft.
Private Label Brands
To boost margins and strengthen brand presence, Patel Retail has developed an array of private label brands:
- Patel Fresh – Pulses, ready-to-cook mixes, and grocery items
- Indian Chaska – Spices, ghee, and papad
- Blue Nation – Men’s apparel
- Patel Essentials – Home improvement and household products
These products are sourced from third-party vendors and sold under the company’s proprietary labels, ensuring quality and affordability.
Manufacturing Facilities
Patel Retail supports its private label operations through three strategically located facilities:
- Facility 1 – Ambernath, Maharashtra:
Focuses on processing, quality control, and packaging of grocery and ready-to-cook items. - Facility 2 – Dudhai, Kutch (Gujarat):
Specializes in agri-product processing such as peanuts, cumin, and coriander seeds—supporting backward integration. - Facility 3 – Agri-Processing Cluster, Dudhai, Kutch:
Spread over 15.925 acres, this integrated facility includes:- Five production units
- A fruit pulp processing unit
- Dry warehouse (3,040 MT capacity)
- Cold storage (3,000 MT capacity)
- In-house testing and R&D lab
Together, Facility 2 and the Agri-Processing Cluster form the company’s Kutch Facilities, vital for supply chain efficiency and product consistency.
Operations & Distribution
Patel Retail positions its stores as neighborhood supermarkets, offering a convenient one-stop shop for daily essentials and bulk purchases. Beyond retail, the company also earns rental income through vendor partnerships within its store premises.
As of May 31, 2025, the company manages:
- 38 product categories
- Over 10,000 SKUs
- A wide geographic footprint with most sales concentrated in Maharashtra and Gujarat
Patel Retail also operates its own fleet of 18 trucks, supporting a reliable and cost-effective logistics network.
Key Strengths
- Strong expertise in product assortment and inventory management, supported by robust IT systems
- Strategic expansion model through owned store locations
- Diversified product portfolio including multiple private labels
- Efficient logistics and in-house distribution network
- Well-positioned and integrated manufacturing facilities
Promoters
- Dhanji Raghavji Patel
- Bechar Raghavji Patel
- Hiren Bechar Patel
- Rahul Dhanji Patel
Promoters Holding
Holding Pre Issue
97.99%
Holding Post Issue
70.01%
Objects of the Issue
The Company Patel Retail IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Repayment/prepayment, in fullor part, of certain borrowingsavailed of by our Company
- Funding working capitalrequirements of our Company
- General Corporate Purposes
Address / Contact Info
Patel Retail Limited
Plot No. M-2, Anand Nagar,
Additional MIDC, Ambernath (East)
Ambarnath, Maharashtra, 421506
Phone: +91 7391043825
Email: cs@patelrpl.net
Website: https://patelrpl.in/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 19 August 2025
IPO Close Date
Thursday, 21 August 2025
Basis of Allotment
Friday, 22 August 2025
Initiation of Refunds
Monday, 25 August 2025
Credit of Shares to Demat
Monday, 25 August 2025
Listing Date
Tuesday, 26 August 2025 — NSE & BSE
Important Dates
Open Date
19 August 2025
Close Date
21 August 2025
Basis Of Allotment
22 August 2025
Listing Date
26 August 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 382.86 | 333.02 | 303.12 |
| Revenue | 825.99 | 817.71 | 1019.8 |
| Profit After Tax | 25.28 | 22.53 | 16.38 |
| Net Worth | 134.57 | 94.4 | 71.87 |
| Reserve & Surplus | 0 | 0 | 0 |
| Total Borrowings | 180.54 | 185.75 | 182.81 |
EPS Pre
10.16%
EPS Post
7.57%
P/E Pre
25.10
P/E (Post Issue)
33.69x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE % | 19.02 | 24.24 | 23.66 |
| ROCE % | 14.43 | 15.1 | 12.66 |
| Debt / Equity | 1.34 | 1.97 | 2.54 |
| RoNW % | 19.02 | 24.24 | 23.66 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 3.08 | 2.77 | 1.61 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 1136312 | 14.54 | 0 |
| Non-Institutional | 2367250 | 30.29 | 0 |
| BNII | 1578167 | 20.19 | 0 |
| SNII | 789083 | 10.1 | 0 |
| Retail Investors | 4261050 | 54.52 | 0 |
| Employees | 51000 | 0.65 | 0 |
| Total | 7815612 | 100 | 0 |
Subscription Status ( Thu, 21 Aug 25 01:51 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 1136312 | 309562472 | 272.43x |
| Non-Institutional | 2367250 | 256077192 | 108.17x |
| BNII | 1578167 | 161213552 | 102.15x |
| SNII | 789083 | 94863640 | 120.22x |
| Retail Investors | 4261050 | 181056048 | 42.49x |
| Employees | 51000 | 1293748 | 25.37x |
| Total | 7815612 | 747989460 | 95.7x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Patel Retail Ltd | 10 | 0.00 | 10.30 | 10.30 | 19.02 | 54.08 |
| Vishal Mega Mart | 10 | 104.73 | 1.40 | 1.36 | 9.87 | 13.92 |
| Avenue Supermarts Ltd | 10 | 102.33 | 41.61 | 41.50 | 12.64 | 329.27 |
| Spencers Retail Ltd | 5 | 8.73 | -27.33 | -27.33 | -37.24 | -73.40 |
| Osia Hyper Retail Ltd | 1 | 0.00 | 1.46 | 1.46 | 4.97 | 23.85 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 58 | 14,790.00 |
| Retail (Max) | 13 | 754 | 192,270.00 |
| S-HNI (Min) | 14 | 812 | 207,060.00 |
| S-HNI (Max) | 67 | 3,886 | 990,930.00 |
| B-HNI (Min) | 68 | 3,944 | 1,005,720.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- Fedex Securities Private Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Patel Retail IPO is a Book-building IPO worth ₹242.76 crores. The price band is ₹237 to 255 per share. The IPO opens on Tue, Aug 19, 2025 and closes on Thu, Aug 21, 2025. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The Patel Retail IPO opens on Tue, Aug 19, 2025 and closes on Thu, Aug 21, 2025
Patel Retail IPO Price Band is ₹237 to 255.
Patel Retail IPO lot size is 58, and the minimum amount required for application is ₹14790.
The minimum investment for Patel Retail IPO is approximately ₹14790 based on the upper price band.
To apply for the Patel Retail IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Aug 21, 2025. After submission, funds are blocked until the basis of allotment of Patel Retail IPO is finalised.
Patel Retail IPO issue size is ₹242.76 crores.
Patel Retail IPO allotment date is Sat, Jun 27, 2026.
The registrar for Patel Retail IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Patel Retail IPO through their official website or helpline.
The Patel Retail IPO GMP (Grey Market Premium) is ₹52 as of Tue, Aug 26, 2025. Based on the upper price band of ₹255 per share, the estimated Patel Retail IPO listing price is ₹307, indicating a potential listing gain of approximately 31% over the issue price.