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Patel Retail IPO

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BSE,NSE 19 August - 21 August 2025
Patel Retail Limited IPO is a book build issue of 242.76 Cr. The issue is a combination of fresh issue of 8467000 shares aggregating to 215.91 Cr and offer for sale of 1002000 shares aggregating to 25.55 Cr. Patel Retail Limited IPO opened for subscription on Aug 19, 2025 and closed on Aug 21, 2025. The allotment for the this IPO was finalized on Aug 22, 2025. IPO was listed on NSE and BSE on Aug 26, 2025. Patel Retail Limited IPO is set issue price band at ₹237 to ₹255 per share.

Current 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:

  1. Facility 1 – Ambernath, Maharashtra:
    Focuses on processing, quality control, and packaging of grocery and ready-to-cook items.
  2. Facility 2 – Dudhai, Kutch (Gujarat):
    Specializes in agri-product processing such as peanuts, cumin, and coriander seeds—supporting backward integration.
  3. 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

  1. Dhanji Raghavji Patel
  2. Bechar Raghavji Patel
  3. Hiren Bechar Patel 
  4. 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.

  1. Repayment/prepayment, in fullor part, of certain borrowingsavailed of by our Company
  2. Funding working capitalrequirements of our Company
  3. 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

Face Value₹10 per share
Price Band₹ 237 – 255
Lot Size58
Issue TypeBook-building IPO
Sale TypeFresh Capital & Offer For Sale
Fresh Issue₹ 215.91 Cr
Offer for Sale₹ 25.55 Cr
Total Issue Size₹ 242.76 Cr
Listing AtBSE,NSE
Employee Discount51000
IndustryRetailing
SectorRetailing
QIB Quota14.54%
BNII Quota20.19%
SNII Quota10.1%
Retail Quota54.52%

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.