Bookbuilding IPO | ₹243 Cr | Listed at BSE, NSE | Tue, Aug 19, 2025 - Thu, Aug 21, 2025
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 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.
Refer to Patel Retail IPO RHP for detailed Information.
IPO Open
Tue, Aug 19, 2025
IPO Close
Thu, Aug 21, 2025
Issue Price
₹255 per share
Market Cap (Pre-IPO)
₹851.71 Cr
| IPO Date | 19 to 21 Aug, 2025 |
| Listed on | Tue, Aug 26, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹237 to ₹255 |
| Issue Price | ₹255 per share |
| Lot Size | 58 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹20.00 |
| Total Issue Size | 95,20,000 shares (agg. up to ₹243 Cr) |
| Fresh Issue | 85,18,000 shares (agg. up to ₹217 Cr) |
| Offer for Sale | 10,02,000 shares of ₹10 (agg. up to ₹26 Cr) |
| Share Holding Pre Issue | 2,48,82,528 shares |
| Share Holding Post Issue | 3,34,00,528 shares |
| BSE Script Code / NSE Symbol | 544487 / PATELRMART |
| ISIN | INE0R8B01010 |
Patel Retail IPO offers total 95,20,000 shares. Out of which 28,40,700 (29.84%) allocated to QIB, 11,36,312 (11.94%) allocated to QIB (Ex- Anchor), 23,67,250 (24.87%) allocated to NII 42,61,050 (44.76%) allocated to RII and 17,04,388 (17.90%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 28,40,700 (29.84%) | NA |
| − Anchor Investor Shares Offered | 17,04,388 (17.90%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 11,36,312 (11.94%) | NA |
| NII (HNI) Shares Offered | 23,67,250 (24.87%) | NA |
| − bNII > ₹10L | 15,78,167 (16.58%) | 1,943 |
| − sNII < ₹10L | 7,89,083 (8.29%) | 971 |
| Retail Shares Offered | 42,61,050 (44.76%) | 73,466 |
| Employee Shares Offered | 51,000 (0.54%) | NA |
| Total Shares Offered | 95,20,000 (100.00%) |
Investors can bid for a minimum of 58 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 58 | ₹14,790 |
| Retail (Max) | 13 | 754 | ₹1,92,270 |
| S-HNI (Min) | 14 | 812 | ₹2,07,060 |
| S-HNI (Max) | 67 | 3,886 | ₹9,90,930 |
| B-HNI (Min) | 68 | 3,944 | ₹10,05,720 |
Patel Retail IPO raises ₹43.46 crore from anchor investors. Patel Retail IPO Anchor bid date is August 18, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Aug 18, 2025 |
| Shares Offered | 17,04,388 |
| Anchor Portion (₹ Cr.) | 43.46 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Sep 20, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Nov 19, 2025 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Up to Rs 2 Lakhs | Yes |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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.
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 StrengthsPatel Retail Ltd.'s revenue increased by 1% and profit after tax (PAT) rose by 12% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 382.86 | 333.02 | 303.12 |
| Total Income | 825.99 | 817.71 | 1,019.80 |
| Profit After Tax | 25.28 | 22.53 | 16.38 |
| EBITDA | 62.43 | 55.84 | 43.24 |
| NET Worth | 134.57 | 94.40 | 71.87 |
| Total Borrowing | 180.54 | 185.75 | 182.81 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/prepayment, in full or part, of certain borrowings availed of by the Company. | 59.00 |
| 2 | Funding of working capital requirements of the Company. | 109.00 |
| 3 | General corporate purposes. | 22.48 |
| Total | 190.48 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 19.02% |
| ROCE | 14.43% |
| Debt/Equity | 1.34 |
| RoNW | 19.02% |
| PAT Margin | 3.08% |
| EBITDA Margin | 7.61% |
| Price to Book Value | 4.72 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 10.16 | 7.57 |
| P/E (x) | 25.1 | 33.69 |
| Promoter Holding | 97.99% | 70.01% |
| Market Cap | ₹851.71 Cr. |
The Patel Retail IPO is subscribed 95.69 times on August 21, 2025 5:04:37 PM (Day 3). The public issue subscribed 42.55 times in the retail category, 272.14 times in the QIB category, and 108.11 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 272.14 | 11,37,512 | 30,95,62,472 |
| NII | 108.11 | 23,68,250 | 25,60,36,824 |
| bNII (bids above ₹10L) | 102.09 | 15,79,149 | 16,12,13,552 |
| sNII (bids below ₹10L) | 120.17 | 7,89,101 | 9,48,23,272 |
| Retail | 42.55 | 42,62,850 | 18,13,69,538 |
| Employee | 25.29 | 51,000 | 12,89,746 |
| Total | 95.69 | 78,19,612 | 74,82,58,580 |
Total Application : 28,00,640
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees and commissions payable to the BRLM and underwriting commission payable to Underwriters | 14.80 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank(s) and Bankers to the Offer and fee payable to the Sponsor Bank for Bids made by RIBs. Brokerage, and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, CRTAs and CDP | 1.80 |
| 3 | Advertising and marketing expenses | 8.25 |
| 4 | Fees payable to the Registrar to the Offer | 0.12 |
| 5 | Listing fees, SEBI, BSE and NSE processing fees, book building software fees and other regulatory expenses | 2.40 |
| 6 | Printing and distribution of stationery | 0.30 |
| 7 | Fees payable to other advisors to the Offer, including but not limited to Statutory Auditors, industry service provider, independent chartered accountant, independent chartered engineer and others | 0.54 |
| 8 | Fees payable to legal counsels | 0.45 |
| 9 | Monitoring Agency | 0.10 |
| 10 | Miscellaneous | 1.00 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹255.00 | ₹255.00 |
| Open | ₹305.00 | ₹300.00 |
| Low | ₹289.75 | ₹285.55 |
| High | ₹305.00 | ₹305.00 |
| Last Trade | ₹289.75 | ₹287.70 |
Lead Manager Reports
Patel Retail IPO is a main-board IPO of 95,20,000 equity shares of the face value of ₹10 aggregating up to ₹243 Crores. The issue is priced at ₹255 per share. The minimum order quantity is 58.
The IPO opens on Tue, Aug 19, 2025, and closes on Thu, Aug 21, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Patel Retail IPO using UPI as a payment gateway. Zerodha customers can apply in Patel Retail IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Patel Retail IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Patel Retail IPO opens on Tue, Aug 19, 2025 and closes on Thu, Aug 21, 2025.
Patel Retail IPO lot size is 58, and the minimum amount required for application is ₹14,790.
You can apply in Patel Retail IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Patel Retail IPO will be done on Friday, August 22, 2025, and the allotted shares will be credited to your demat account by Mon, Aug 25, 2025. Check the Patel Retail IPO allotment status.
The Patel Retail IPO listing date is on Tue, Aug 26, 2025.
