Patel Retail Ltd
| Opening Date | Closing Date | Face Value | Issue Price | Lot Size | Listing At | Total Issue Size | Basis of Allotment | Initiation of Refunds | Credit of Shares to Demat | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| 19-08-2025 | 21-08-2025 | ₹10 per share | 58 Shares | BSE, NSE | 95,20,000 shares (aggregating up to ₹242.66 Cr) | 2025-08-22 00:00:00 | 2025-08-25 00:00:00 | 2025-08-25 00:00:00 | 26-08-2025 |
About The Company
Patel Retail IPO is a book build issue of ₹242.66 crores. The issue is a combination of fresh issue of 0.85 crore shares aggregating to ₹217.12 crores and offer for sale of 0.10 crore shares aggregating to ₹25.54 crores.
Patel Retail IPO bidding started from Aug 19, 2025 and ended on Aug 21, 2025. The allotment for Patel Retail IPO was finalized on Aug 22, 2025. The shares got listed on BSE, NSE on Aug 26, 2025.
Patel Retail IPO price band is set at ₹255.00 per share . The lot size for an application is 58. The minimum amount of investment required by an retail is ₹14,790 (58 shares) (based on upper price). The lot size investment for sNII is 14 lots (812 shares), amounting to ₹2,07,060, and for bNII, it is 68 lots (3,944 shares), amounting to ₹10,05,720.
The issue includes a reservation of up to 51,000 shares for employees offered at a discount of ₹20.00 to the issue price.
Fedex Securities Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|
| 31-03-2023 | 303 | 1020 | 16 | 71.87 | 0 | 182.81 |
| 31-03-2024 | 333 | 818 | 23 | 94.4 | 0 | 185.75 |
| 31-03-2025 | 383 | 826 | 25 | 134.57 | 0 | 134.57 |
IPO Subscription Status
| Category | Subscription Times |
|---|---|
| Anchor Investors | 1 |
| Non-Institutional Buyers | 108.11 |
| Retail Investors | 42.55 |
| Employees | 25.29 |
| Total | 95.69 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 58 | 14790 |
| Retail (Max) | 13 | 754 | 192270 |
| S-HNI (Min) | 14 | 812 | 207060 |
| S-HNI (Max) | 67 | 3886 | 990930 |
| B-HNI (Min) | 68 | 3944 | 1005720 |
IPO Listing Details
| Listing Date | 26-08-2025 |
| BSE Script Code | 544487 |
| NSE Symbol | PATELRMART |
| ISIN | - |
| Final Issue Price | 255 |
Promoter holdings
Dhanji Raghavji Patel, Bechar Raghavji Patel, Hiren Bechar Patel and Rahul Dhanji Patel are the company promoters.
Contact Information of the Company
Incorporated in 2008, Patel Retail Limited is a retail supermarket chain that operates primarily in tier-III cities and nearby suburban areas. The stores offer a wide range of products, including food, non-food (FMCG), general merchandise, and apparel.
The company opened its first store under the brand name “Patel’s R Mart” in Ambernath, Maharashtra. As of May 31, 2025, the company operated 43 stores across suburban areas of Thane and Raigad districts in Maharashtra, with a total retail area of approximately 1,78,946 sq. ft.
To enhance margins and brand recognition, Patel Retail Limited has launched private label products such as “Patel Fresh” (pulses and ready-to-cook items), “Indian Chaska” (spices, ghee, and papad), “Blue Nation” (men’s wear), and “Patel Essentials” (home improvement items).
Manufacturing Facilities:
Patel Retail Limited manages three main facilities supporting its retail and private label operations.
- Facility 1 (Ambernath, Maharashtra): This location handles processing, quality checks, and packaging of private label products such as pulses, ready mixes, and select grocery items.
- Facility 2 (Dudhai, Kutch, Gujarat): This production unit processes agri-products like peanuts, coriander seeds, and cumin seeds, serving as a key component of the company’s backward integration strategy.
- Facility 3 (Agri-Processing Cluster, Dudhai, Kutch, Gujarat): Spread over 15.925 acres, this integrated agri-cluster includes five production units, a fruit pulp processing unit, a dry warehouse (3,040 MT capacity), a cold storage facility (3,000 MT capacity), and an in-house testing and research laboratory.
These facilities are collectively referred to as the Manufacturing Facilities, while Facility 2 and the Agri-Processing Cluster together are known as the Kutch Facilities.
Operations & Distribution:
Patel Retail Limited positions its stores as neighbourhood supermarkets catering to both daily needs and bulk shopping. In addition to its core retail activity, the company also generates rental income through vendor arrangements within its stores.
As of May 31, 2025, it has 38 products categories across 10,000 SKUs. Its products are distributed across various states, with the majority of sales originating from Maharashtra and Gujarat.
Key Strengths
- Deep knowledge and understanding of optimal product assortment and inventory management using IT systems
- Steady footprint expansion using a distinct store acquisition strategy and ownership model
- Logistics and distribution network with own fleet of 18 trucks
- Diversified product portfolio
- Strategically located manufacturing facilities
IPO Registrar
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
IPO Lead Manager
Fedex Securities Pvt.Ltd. (Past IPO Performance)