Patel Retail IPO: Date, Share Price, Review & Details
Patel Retail Ltd. is a Maharashtra-based retail supermarket chain operating primarily in tier III cities and suburban areas of Mumbai. The company runs stores under the brand name "Patel’s R Mart" with 43 stores currently across Thane and Raigad districts. Besides retail supermarkets, Patel Retail also has a food processing facility in Gujarat producing spices, pulses, and mango pulp. The company offers a wide range of products, with each store typically stocking over 10,000 SKUs to cater to local consumer preferences.
Business Model and Operations
Patel Retail’s business model focuses on:
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Operating neighborhood supermarkets in smaller cities and suburban clusters where organised retail is underpenetrated.
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Product assortment managed dynamically using advanced IT systems that track customer preferences and regional demand.
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Retail outlets averaging around 4,000 to 6,000 sq. ft. of sales space that offer groceries, fresh foods, staples, and household consumables.
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Expanding footprint using a mix of company-owned and franchise stores.
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Leveraging strong supplier relationships and modern supply chain management to offer competitive pricing and product availability.
Patel Retail IPO Details
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The IPO opens for subscription on August 19, 2025, and closes on August 21, 2025.
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The total issue size is Rs 242.76 crore, comprising a fresh issue of 85 lakh equity shares (Rs 217.21 crore) and an offer-for-sale of 10 lakh shares (Rs 25.55 crore).
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The price band is fixed between Rs 237 and Rs 255 per share.
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Minimum application lot size is 58 shares, worth approximately Rs 14,790 at the upper band.
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Shares will be listed on NSE and BSE with a tentative listing date of August 26, 2025.
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The registrar for the IPO is Bigshare Services Private Limited, with Fedex Securities acting as the book-running lead manager.
Use of IPO Proceeds
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Partial or full repayment/prepayment of borrowings.
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Funding working capital requirements.
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General corporate purposes to support business growth and expansion.
Key Strengths
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Deep expertise in managing product assortment using technology.
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Strong regional presence and tailored local cluster approach.
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Balanced store acquisition strategy combining owned and franchised outlets.
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Steady revenue growth with scale benefits and enhanced buying power.
What You Can Find on This Page
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Financial statements, including revenue, profit, assets, and key ratios.
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Real-time subscription data, Grey Market Premium (GMP), analyst reviews, and expert opinions.
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IPO allotment status and detailed instructions for checking allotment..
Frequently Asked Questions (FAQs) about Patel Retail IPO
Q1: When does the Patel Retail IPO open and close?
The IPO subscription window is from August 19 to August 21, 2025.
Q2: What is the price band and minimum lot size?
Price band is Rs 237 to Rs 255 per share; minimum lot size is 58 shares.
Q3: What is the total issue size?
Rs 242.76 crore, with a fresh issue of Rs 217.21 crore and an OFS of Rs 25.55 crore.
Q4: On which exchanges will the shares be listed?
Listing will be on NSE and BSE, expected on August 26, 2025.
Q5: How will the IPO proceeds be utilised?
Funds will be directed towards repayment of loans, funding working capital, and corporate purposes.
Q6: Where can I check the allotment status?
Allotment status can be verified on Bigshare Services’ website or stock exchange portals after the issue closes.
For the latest updates on Patel Retail IPO share price, subscription status, allotment, and financials, bookmark this page and stay tuned for more insights.