Patel Retail IPO
GMP, Subscription, Price, Dates & Financial Details
Retailing
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…
Open Date
Tue, 19 Aug 2025
Close Date
Thu, 21 Aug 2025
Price Band
₹ 237 – 255
Lot Size
58
Issue Size
₹ 242.76 Cr
Minimum Investment
₹ 14,790 (58 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Patel Retail IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹242.76 Crore, comprising a fresh issue of 84.67 Lakh equity shares aggregating to ₹215.91 Crore and an offer for sale (OFS) of 10.02 Lakh equity shares aggregating to ₹25.55 Crore by the existing shareholders.
The Patel Retail IPO remained open for subscription from August 19, 2025, to August 21, 2025. The basis of allotment was finalized on August 22, 2025, and the company's shares were listed on the NSE and BSE on August 26, 2025.
The company had fixed the price band at ₹237 to ₹255 per share, with a lot size of 58 shares. Retail investors were required to make a minimum investment of ₹14,790 (based on the upper price band) to apply for one lot.
The IPO also included a reservation of 51,000 equity shares for eligible employees, who received a discount of ₹51000 per share.
Bigshare Services Pvt Ltd served as the registrar to the issue. Fedex Securities Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Patel Retail Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Patel Retail IPO Timeline (Tentative)
- IPO Open Date
- Tue, 19 Aug 25
- IPO Close Date
- Thu, 21 Aug 25
- Basis of Allotment
- Fri, 22 Aug 25
- Initiation of Refunds
- Mon, 25 Aug 25
- Credit of Shares to Demat
- Mon, 25 Aug 25
- Listing Date
- Tue, 26 Aug 25 — NSE & BSE
Open Date
19 August 2025
Close Date
21 August 2025
Basis Of Allotment
22 August 2025
Listing Date
26 August 2025
IPO Subscription
Check Live Subscription →The Patel Retail IPO has received bids for 74,79,89,460 shares against 78,15,612 shares offered, resulting in an overall subscription of 95.7x. the NII category is subscribed 108.17x, Retail Investors 42.49x, Employees 25.37x, and QIBs 272.43x. Within the NII category, BNII is subscribed 102.15x, while SNII is subscribed 120.22x.
QIB
272.43x
NII
108.17x
BNII
102.15x
SNII
120.22x
RII
42.49x
EMP
25.37x
Total
95.7x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 42,61,050 shares, representing 54.52% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 11,36,312 shares (14.54%), while Non-Institutional Investors (NIIs) receive 23,67,250 shares (30.29%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 1,136,312 | 14.54% |
| Non-Institutional | 2,367,250 | 30.29% |
| BNII | 1,578,167 | 20.19% |
| SNII | 789,083 | 10.1% |
| Retail Investors | 4,261,050 | 54.52% |
| Employees | 51,000 | 0.65% |
| Total | 7,815,612 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Patel Retail Limited KPI Information
| 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 |
| Pat Margin % | 3.08 | 2.77 | 1.61 |
Peers Comparison
| 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 |
About Patel Retail Limited
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
Patel Retail IPO 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%
Patel Retail IPO Objective
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
Patel Retail Limited Address / Contact Details
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
Patel Retail IPO Lot Size
The Patel Retail IPO has a lot size of 58 shares. Retail investors require a minimum investment of ₹14,790 by applying for 1 lot (58 shares). The maximum application allowed for the retail category is 13 lots (754 shares), requiring an investment of ₹1,92,270.
| 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 |
Issue Reservation
- QIB — 14.54%
- NII — 30.29%
- RII — 54.52%
- EMP — 0.65%
Book Running Lead Managers
- Fedex Securities Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Patel Retail IPO?
Patel Retail IPO is a Book-building IPO with a total issue size of ₹242.76 crore. The Patel Retail IPO price band is ₹237 to 255 per share. The Patel Retail IPO subscription opens on Tue, Aug 19, 2025, and closes on Thu, Aug 21, 2025. The Patel Retail IPO will be listed on the BSE,NSE. Bigshare Services Pvt Ltd is the registrar for the Patel Retail IPO.
When will the Patel Retail IPO open for subscription?
The Patel Retail IPO opens on Tue, Aug 19, 2025 and closes on Thu, Aug 21, 2025
What is Patel Retail IPO Price Band?
Patel Retail IPO Price Band is ₹237 to 255 per share.
What is Patel Retail IPO Lot Size?
Patel Retail IPO lot size is 58 shares, Retail investors need a minimum investment of ₹14790 based on the upper price band
What is the minimum investment for Patel Retail IPO?
The minimum investment for Patel Retail IPO is ₹14790, based on one lot of 58 shares at the upper price band of ₹255 per share.
How to apply for Patel Retail IPO?
Investors can apply for the Patel Retail IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Aug 21, 2025. The application amount remains blocked until the Patel Retail IPO allotment is finalized.
What is Patel Retail IPO Issue Size?
Patel Retail IPO issue size is ₹242.76 crores.
What is the Patel Retail IPO Allotment Date?
Patel Retail IPO allotment date is Fri, Aug 22, 2025.
Who is the Patel Retail IPO Registrar?
The registrar for Patel Retail IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Patel Retail IPO allotment status, refund processing, and other IPO-related information.
What is the Patel Retail IPO GMP?
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 20.39% over the issue price.
Who is the Patel Retail IPO Lead Manager?
The book-running lead managers (BRLMs) for the Patel Retail IPO are Fedex Securities Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Patel Retail IPO Red Herring Prospectus (RHP).