Patel Retail was originally incorporated on June 13, 2007. The company operates a retail supermarket chain focused on value retail in tier-III cities and nearby suburban areas, offering food, FMCG, general merchandise, and apparel. Established in 2008, it launched its first “Patel’s R Mart” store in Ambernath, Maharashtra, and has expanded across Thane and Raigad districts
| Bidding Dates |
|---|
| 19 Aug 2025 - 21 Aug 2025 |
| Subscription |
|---|
| 95.7x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹13,746 | 1 | 13 | 58 | 9.5 M | ₹237 - ₹255 | 70 % | ₹2256.2 M - ₹2427.6 M | RHP DOC |
Patel Retail IPO SUBSCRIPTION STATUS
21 Aug '25Patel Retail IPO overall subscription rate was 95.7 times the total available shares
Patel Retail IPO retail subscription rate was 42.49 times in the retail segment
Patel Retail IPO non-institutional investor subscription rate was 108.18 times in the non-institutional investor category
Patel Retail IPO Qualified Institutional Bidder subscription rate was 272.43 times the available shares for Qualified Institutional Bidder
Patel Retail IPO Employees subscription rate was 25.37 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 45% | 25% | 30% | - |
21 Aug 2025 (Day 3) | 42.49x | 108.18x | 272.43x | 25.37x |
20 Aug 2025 (Day 2) | 16.58x | 26.11x | 17.16x | 9.58x |
19 Aug 2025 (Day 1) | 4.94x | 7.4x | 9.88x | 3.25x |
Patel Retail FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 820.7 | 25.3 | 27.7 | 16.1 | 7.6% |
| FY24 | 814.2 | 22.5 | 24.8 | 12.6 | 6.9% |
| FY23 | 1,018.5 | 16.4 | -5.6 | -13.2 | 4.3% |
Patel Retail IPO SUBSCRIPTION STATUS DETAILS
Patel Retail had 9.5 M shares on offer
Patel Retail IPO offer price was in the range ₹237 - ₹255
Patel Retail IPO minimum Investment was ₹13746
Patel Retail IPO issue size was ₹ 2256.2 M - ₹ 2427.6 M
Patel Retail had a minimum lot size of 58 Shares per application
Patel Retail NUMBER OF SHARES ON OFFER
Patel Retail IPO IMPORTANT DATES
| Issue Open Date | 19 Aug 2025 |
| Issue close Date | 21 Aug 2025 |
| Allotment Date | 22 Aug 2025 |
| Refund Date | 25 Aug 2025 |
| Demat Account Credit Date | 25 Aug 2025 |
| Listing Date | 26 Aug 2025 |
| Listing on Exchange(s) | NSE and BSE |
| Patel Retail Allotment Status | Exchange/ Registrar |
Patel Retail IPO subscription opened on 19 Aug 2025, and closed on 21 Aug 2025
IPO allotment for Patel Retail was finalized on Friday, 22 Aug 2025
IPO listing for Patel Retail was on NSE and BSE on Tuesday, 26 Aug 2025
Patel Retail IPO LISTING GAINS
| Issue Price (adjusted) | 255.0 |
| Listing Open Price | 300.0 |
| Listing Close Price | 287.7 |
| Listing Gain% | 17.6% |
| Current Gain% | -13.6% |
Patel Retail Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Patel Retail Ltd. | 220.4 | 736 | 18.8 | 0.3 | 0.7 | 10.7 | 6.3 | 1059.3 | 28.2 | 39 | 54.5 | 11.7 | 54.5 |
| Avenue Supermarts Ltd. | 3900 | 254375.9 | 83.2 | 6.4 | 3.6 | 12.1 | 10.1 | 68894.8 | 15.8 | 2970.5 | 9.7 | 46.9 | 13 |
| Trent Ltd. | 2997 | 159809.7 | 88.3 | 6.2 | 7.6 | 24.6 | 14.7 | 20189 | 16.3 | 1719.6 | 11.2 | 33.9 | 14.2 |
| Vishal Mega Mart Ltd. | 108.7 | 50927.8 | 57.1 | 1.9 | 3.8 | 11.3 | 7.3 | 12992.6 | 20.6 | 839.2 | 32.8 | 1.9 | 29.7 |
| V2 Retail Ltd. | 219.4 | 8001.6 | 49.6 | 0.4 | 2.6 | 18 | 6.7 | 3077.4 | 62.7 | 162.1 | 125 | 4.4 | 124.2 |
| Aditya Birla Fashion and Retail Ltd. | 63.3 | 7729.7 | -9.9 | 0.1 | 0.9 | -13.3 | -4.4 | 8486.5 | 12.4 | -775.9 | -106.5 | -6.4 | -67.2 |
Patel Retail INFORMATION ON IPO ISSUE
About Patel Retail
Patel Retail was originally incorporated on June 13, 2007. The company operates a retail supermarket chain focused on value retail in tier-III cities and nearby suburban areas, offering food, FMCG, general merchandise, and apparel. Established in 2008, it launched its first “Patel’s R Mart” store in Ambernath, Maharashtra, and has expanded across Thane and Raigad districts
Object of the Issue
- Repayment/prepayment, in full or part, of certain borrowings availed by the company.
- Funding the working capital requirements of the company.
- General corporate purposes.
Patel Retail - PROMOTERS
| Name |
|---|
| Dhanji Raghavji Patel |
| Bechar Raghavji Patel |
Patel Retail - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Dhanji Raghavji Patel | Chairman & Managing Director |
| Bechar Raghavji Patel | Whole-time Director |
| Hiren Bechar Patel | Non-Executive Director |
| Yashwant Suresh Bhojwani | Independent Director |
| Nitin Pandurang Patil | Independent Director |
| Harshini V Jadhav | Independent Director |
Patel Retail Book running lead manager
Fedex Securities Private Limited
mb@fedsec.in
Patel Retail Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Patel Retail Strengths
Value retailing
The company's business model revolves around providing value retailing to its customers through the EDLC/EDLP strategy. This strategy entails offering consistently low prices every day, achieved through minimising procurement and operational costs, rather than through periodic promotions limited to specific products or timeframes
Steady footprint expansion
The company has experienced steady growth in recent years, largely driven by the expansion of its store network. From just one store in Fiscal 2008, the company has expanded to operate 31 stores as of September 30, 2023, spanning 10 cities and suburban areas within Thane and Raigad District in Maharashtra
Logistics and distribution network
The company's robust distribution and logistics network has allowed it to minimise the need for dedicated storage space at each store. Instead, the company undertakes periodic replenishment of depleted stock, optimising its operational efficiency
Patel Retail Risks
Geographically concentrated
The retail stores of the company are concentrated in the state of Maharashtra, particularly within the Thane and Raigad districts. Any adverse developments affecting its operations in this region could have a negative impact on the retail business
Foreign exchange risks
The company monitors its exposure to foreign currencies and selectively enters into hedging transactions to mitigate the risks of currency fluctuations. However, these activities may not always be sufficient to fully protect it against potential losses in the event of significant currency fluctuations
Legal and regulatory proceedings
The company may be involved in certain legal and regulatory proceedings. Any adverse decisions in such proceedings could materially affect the business, results of operations, financial condition, and cash flows
IPO FAQs
This IPO consists of an offer for sale of up to Rs 25.6 crore, of 1,002,000 shares. It also consists of a fresh issue of Rs 217.2 crore.
The promoters of the company are Dhanji Raghavji Patel and Bechar Raghavji Patel.
The category allocation of qualified institutional buyers is 30.0%, the category allocation of non individual investors or high networth individuals is 25.0% and for retail investors it is 45.0%.
The price band of the IPO is Rs 237.0 - 255.0.
The IPO application opens on Aug 19, 2025 and closes on Aug 21, 2025.
The minimum lot size for the IPO is 58. The maximum lot size for the IPO is 754.
For all category investors, the minimum application amount for this IPO is Rs. 13,746.0, the maximum value for this IPO is Rs 192,270.0.
This IPO will be allotted on Aug 22, 2025.
The refund will be credited to your account on Aug 25, 2025.
The allotted shares will be credited to your demat on Aug 25, 2025.
Patel Retail Ltd.’s shares listed on the stock exchanges on Aug 26, 2025.