IPO

Patel Retail Limited IPO

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Diversified Retail

Listed On: Aug 26, 2025 at ₹ 300.0(NSE)

₹ 14790 /58 Shares

Check Allotment

19 Aug, 2025

Open Date

21 Aug, 2025

Close Date

22 Aug, 2025

Allotment Date

26 Aug, 2025

Listing Date
Price Summary

Last Closing

204.00 (-20%)

52 Week High

305.00

52 Week Low

202.55

Last Update

26-Dec-2025 3:30 PM
Patel Retail IPO Live Subscription Details
QIB 272.43x
Retail 42.49x
NIIs 108.18x
BHNI 102.15x
SHNI 120.22x
Retail 42.49x
EMP 25.37x
Total 95.70x
Last updated: 21 Aug 2025,06:42:00 PM
Patel Retail IPO Issue Details
  • Issue Price ₹237-255 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 95,20,000 shares(aggregating up to ₹242.76 crore)
  • Fresh Share 84,67,000 shares(aggregating up to ₹215.91 crore)
  • Offer For Sale 10,02,000 shares(aggregating up to ₹25.55 crore)
  • Listing at BSE, NSE
  • List Price 300.0(NSE)
  • Listing Date 2025-08-26
  • Lead Manager Fedex Securities Pvt Ltd
  • Registrar Bigshare Services Pvt Ltd
Market Lot Size

Investors can bid for a minimum of 58 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (min) 1 58 ₹14,790
Retail(max) 13 754 ₹1,92,270
SHNI(min) 14 812 ₹2,07,060
SHNI(max) 67 3,886 ₹9,90,930
BHNI(min) 68 3,944 ₹10,05,720
Patel Retail IPO Reservation

Patel Retail IPO offers total 95,24,000 shares. Out of which 11,37,512 (11.94%) allocated to QIB, 23,68,250 (24.87%) allocated to NII,42,62,850 (44.76%) allocated to RII, 51,000 (0.54%) allocated to employees and 17,04,388 (17.9%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 17,04,388 (17.9%)
QIB Shares Offered 11,37,512 (11.94%)
NII (HNI) Shares Offered 23,68,250 (24.87%)
bNII > ₹10L 15,79,149 (16.58%)
sNII < ₹10L 7,89,101 (8.29%)
Retail Shares Offered 42,62,850 (44.76%)
Employee Shares Offered 51,000 (0.54%)
Total Shares Offered 95,24,000 (100%)
Patel Retail IPO Documents
DRHP
RHP
ANCHOR
Patel Retail IPO Details


Patel Retail IPO is a book-built issue of ₹242.76 crores, The total issue size is ₹242.76 crores. The IPO of Patel Retail is priced at ₹237-255 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Aug 19, 2025 and ends on Aug 21, 2025. The allotment for Patel Retail IPO will be finalized on Aug 22, 2025. Patel Retail IPO will be listed on BSE, NSE, with a tentative listing date fixed as Aug 26, 2025. The company shall list its equity shares on the BSE, NSE. Bigshare Services Pvt Ltd is the registrar of the issue.

Retail investors can bid for a minimum of 58 shares, extendable to 14,790. S-HNIs will be able to bid for 812 shares at ₹2,07,060, while B-HNIs can also apply for a bid of 3,944 shares at ₹10,05,720. The book-running lead manager for the IPO is/are Fedex Securities Pvt Ltd.

The total issue ₹242.76 crore, comprising a fresh issue of 84,67,000 shares ₹215.91 crore and having Offer for Sale (OFS) of 10,02,000 shares to mop up ₹25.55 crore.

The Patel Retail IPO sets its price band at 237-255 for each share. A single application for Patel Retail Limited IPO must contain at least 58 shares. Sentiment investors need to invest a minimum of 58 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,790 In order to participate in the sNII, investors must purchase at least 14 lots of 812 shares for ₹2,07,060, while the bNII requires 68 lots of 3,944 shares for an investment of ₹10,05,720.

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Patel Retail IPO Subscription Analysis And Details
Retail
42.43x
QIB
272.43x
NII
108.15x
bNII
102.15x
sNII
120.15x
Total
95.66x
As on QIB NII
bNII   sNII 		Retail Total
Shares Offered / Reserved 11,37,512 23,68,250
15,79,149    7,89,101 		42,62,850 78,19,612
Day 1 19-08-25 05:00 PM
9.88 x 7.40
7.35 x   7.51 x 		4.94 x 6.39 x
Day 2 20-08-25 05:00 PM
17.16 x 26.11
22.10 x   34.13 x 		16.58 x 19.50 x
Day 3 21-08-25 05:00 PM
272.43 x 108.15
102.15 x   120.15 x 		42.43 x 95.66 x
Total No of Applications
27,98,930
Subscription on the basis of Applications
Retail:36.0x BHNI:20x SHNI:115.0x
Patel Retail Valuations
EPS Pre IPO ₹10.16/-
EPS Post IPO ₹7.57/-
P/E Pre IPO 25.1
P/E Post IPO 33.69
ROE 19.02%
ROCE 14.43%
Debt/Equity 1.34
RoNW 19.02%
PAT Margin 3.08%
Price to Book Value 4.72
Patel Retail Company Financials
In Crs.
In Cr.
31-Mar-25 31-Mar-24 31-Mar-23
Assets 382.86 333.02 303.12
Revenue 825.99 817.71 1,019.80
Profit After Tax 25.28 22.53 16.38
Net Worth 134.57 94.40 71.87
Total Borrowing 180.54 185.75 182.81
About Patel Retail Company

Patel Retail Limited, established in 2008, is a leading retail supermarket chain primarily serving tier-III cities and suburban areas, particularly in Maharashtra's Thane and Raigad districts.

With a focus on value retail, the company operates thirty-one stores spanning approximately 1,26,000 sq. ft. As part of its strategy to enhance margins and brand visibility, Patel's R Mart has introduced private label products like Patel Fresh pulses and Indian Chaska spices, sourced and packaged at their processing facility in Ambernath, Maharashtra.

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Patel Retail - Promoter(s)

Dhanji Raghavji Patel

Bechar Raghavji Patel

Hiren Bechar Patel

Rahul Dhanji Patel

Pre Issue Share Holding : 97.99%

Post Issue Share Holding : 70.01%

Patel Retail IPO - Issue Objectives
1

Repayment/prepayment, in full or part, of certain borrowings availed of by the Company.

2

Funding of working capital requirements of the Company.

3

General corporate purposes.

Patel Retail IPO - Anchor Investors

Patel Retail IPO: Anchor investors buy Rs 43.5 crore worth shares.

Institutional inveinvestorSociete Generale, Goldman Sachs, Nippon India, SageOne, Nuvama, and Niveshaaysanakya Opportunities Fund, Saint Capital Fund, and Pine Oak Global Fund anchored the book.

Patel Retail IPO - Peers Comparison
P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
Patel Retail 4.72 33.7 19.0% 826
Vishal Mega Mart 9.98 103 10.5% 10,716
Avenue Supermarts 12.7 100 13.4% 61,649
Spencers Retail N/A N/A % 1863
Osia Hyper 0.41 8.18 6.60% 1427
Aditya Consumer 2.86 30.6 -4.29% 97
Strength
Operates 43 stores with 1.79 lakh sq. ft. retail area.Offers over 10,000 SKUs, customised to local needs and preferences.
Strong cluster-based expansion strategy in Maharashtra’s tier-III and suburban areas.
Own fleet of 18 trucks and one central distribution centre.
Private label sales reached ₹6,287.44 lakh in Fiscal 2025.
Weakness
All 43 stores are in Maharashtra, exposing business to regional risks.
Revenue dropped from ₹1,01,854.78 lakh in FY23 to ₹82,069.29 lakh in FY25.
Debt-to-equity ratio was high at 1.34 in FY25.
Contact Details

Patel Retail

Plot No. M-2, Anand Nagar, Additional MIDC, Ambarnath, Maharashtra, 421506

+91 7391043825

cs@patelrpl.net

https://patelrpl.in/

Registrar Contact Details

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/ipo_status.html