Patel Retail Limited IPO is a Mainboard public offer for Issue Size of ₹410.71 crore. It will be open for subscription to investors from August 19 to August 21, 2025.
Patel Retail Limited share has a face value of ₹10, and the price range is ₹237 to ₹255 per share. The lot size for this IPO is 58 shares. For retail investors, the minimum investment is ₹14790 for 1 lot of 58 shares). For Small Non-Institutional Investors (SHNI), the minimum application is 14 lots (812 shares), requiring an investment of ₹2,07,060. For Big Non-Institutional Investors (BHNI), the minimum application is 68 lots (3944 shares), amounting to ₹10,05,720.
Patel Retail Limited IPO will open for subscription on August 19, 2025, and close on August 21, 2025. The allotment is expected to be finalized on Monday, August 22, 2025, and Shares will list on the BSE and NSE on Wednesday, August 26, 2025(Tentative).
Patel Retail Limited IPO Details
| IPO Type | Main Board |
|---|---|
| IPO Method | Book Building |
| IPO Open Date | 19 August 2025 (Tuesday) |
| IPO Close Date | 21 August 2025 (Thursday) |
| IPO Listing Date | 26 August 2025 (Tuesday) |
| Price Band | ₹237 to ₹255 per share |
| Lot Size | 58 Shares |
| Face Value | 10 |
| Gross Issue Size | ₹242.76 Crores (approx.) |
| Fresh Issue | ₹215.91 Crores (approx.) |
| Offer for Sale (OFS) | ₹25.55 Crores (approx.) |
| Net Issue Size | ₹241.46 Crores (approx.) |
| Listing Exchange | NSE,BSE(NSE is the Designated Stock Exchange) |
IPO Timeline
Patel Retail IPO Subscription Status (Day-wise)
| Day | QIB | NII | RII | Employees | Total |
|---|---|---|---|---|---|
| Day 1 | 9.88x | 7.4x | 4.94x | 3.25x | 6.39x |
| Day 2 | 17.16x | 26.11x | 16.58x | 9.58x | 19.50x |
| Day 3 | 272.43x | 108.18x | 42.49x | 25.37x | 95.70x |
Patel Retail IPO reservation table
| Investor Category | Shares Offered | Shares Bid For | Times Subscribed |
|---|---|---|---|
| Anchor Investors | 17,04,388 | 17,04,388 | 1x |
| Qualified Institutional Buyers (QIB) (Other than Anchor) (A) | 11,36,312 | 30,95,62,472 | 272.43x |
| Non-Institutional Investors (NII) Total (B=B1+B2) | 23,67,250 | 25,60,77,192 | 108.18x |
| Non-Institutional Investors (NII) Big# (B1) | 15,78,167 | 16,12,13,552 | 102.15x |
| Non-Institutional Investors (NII) Small#(B2) | 7,89,083 | 9,48,63,640 | 120.22x |
| Retail Individual Investors (RII) (C) | 42,61,050 | 18,10,56,048 | 42.49x |
| Employee Reserved category (D) | 51,000 | 12,93,748 | 25.37x |
| Total (Exclude Anchor Portion) (A+B+C+D) | 78,15,612 | 74,79,89,460 | 95.70x |
Patel Retail IPO Lot Size
Table is Prepared at the upper end of the price band (₹255).
| Application | Lot Size | No. of Shares | Amount |
|---|---|---|---|
| Retail (Min) | |||
| Retail (Max) | |||
| S-HNI (Min) | |||
| S-HNI (Max) | |||
| B-HNI (Min) |
Promoter Shareholding Table (Pre & Post Issue)
| Shareholder | Pre-Issue Holding (%) | Post-Issue Holding (%) |
|---|---|---|
| Promoters & Promotor Group | 97.99% | 70.01% |
| Others (Public / Investors) | 2.01% | 29.99 |
| Total | 100% | 100% |
Company Overview
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. Started its first store under the brand name “Patel’s R Mart” at Ambernath, Maharashtra Now as on May 31, 2025 company operate and manage forty three (43) stores.
Patel Retail Limited Owns Two Brands in Grocery Segment 1.Patel Fresh and 2. Indian Chaska , Patel Fresh for Pulses and Indian Chaska for spices, Company buy in bulk quantities and package and brand in there own name after there quality checks and inspections at there processing and packing facility at Ambernath, Maharashtra , In Fashion and Retail Category they have brand Blue Nation for mens wear, for home improving products “Patel Essentials”, For ready-to-cook /instant mix “Patel Fresh”, For ghee and papad they sell under “Indian Chaska” which they buy from third party vendors .
As on May 31, 2025 Company offer around 38 product categories with over 10,000 product SKUs in there stores. Company also export to 35 countries under there brand name.
Company has below facilities centres Facility 1 – Ambernath, Maharashtra (Processing & Packaging),Facility 2 – Dudhai, Gujarat (Peanuts & Spices Processing),Facility 3 / Agri-Cluster – Dudhai, Gujarat (Multi-unit Agri Processing, Storage & R&D).
Objects of the Offer
- Repayment of borrowings
- Funding of working capital.
- General corporate purposes.
₹ Financial Snapshot (As of and For the Fiscal Ended on )
| Particulars | 31-Mar-2025 | 31-Mar-2024 | 31-Mar-2023 |
|---|---|---|---|
| Revenue (₹ Cr) | 820.69 | 814.19 | 1019.80 |
| Revenue (₹ Cr)(Including Other Income) | 825.99 | 817.71 | 1019.80 |
| Profit After Tax (₹ Cr) | 25.28 | 22.53 | 16.38 |
| Profit After Tax Margin (%)(On Total Revenue) | 3.08% | 2.77% | 1.61% |
| Earnings per share (in ₹) | 10.30 | 9.24 | 6.72 |
| Total Assets (₹ Cr) | 382.86 | 333.02 | 303.12 |
| Total Borrowings (₹ Cr) | 180.54 | 185.75 | 182.81 |
| Net Worth (₹ Cr) | 132.90 | 92.98 | 69.23 |
| NAV per equity share (in ₹) | 54.08 | 38.72 | 29.48 |
Patel Retail Limited IPO Key Performance Indicators
| Particulars | FY2024-25 | FY2023-24 | FY2022-23 |
|---|---|---|---|
| EBITDA (₹ Cr) | 62.43 | 55.84 | 43.24 |
| EBITDA Margin (%) | 7.61% | 6.86% | 4.25% |
| Return on Equity (RoE %) | 19.02% | 24.24% | 23.66% |
| Return on Capital Employed (RoCE %) | 14.43% | 15.10% | 12.66% |
| Debt to Equity Ratio(In Times) | 1.34 | 1.97 | 2.54 |
| Operating Cash Flows(₹ Cr) | 27.72 | 24.82 | (5.56) |
Comparison with Listed Competitors
| Company Name | Closing Price(₹) as on August 04/05 2025 | Revenue from Operations (FY24-25, ₹ in Cr) | Face Value (₹) | EPS Diluted (₹) | P/E Ratio (x) | RoNW (%) | NAV (₹) | EBITDA Margin (%) FY 25 | PAT Margin (%) |
|---|---|---|---|---|---|---|---|---|---|
| Patel Retail Limited | – | 820.69 | 10 | 10.30 | – | 19.02% | 54.08 | 7.61% | 3.08% |
| Vishal Mega Mart | 146.62 | 10716.35 | 10 | 1.36 | 104.73 | 9.87% | 13.92 | 14.28% | 5.90%` |
| Avenue Supermarts Limited | 4257.80 | 59358.05 | 10 | 41.50 | 102.33 | 12.64% | 329.27 | 7.56% | 4.56% |
| Spencers Retail Limited | 57.20 | 1995.20 | 5 | (27.37) | NA | (37.24%) | (73.40) | (2.17%) | (12.35%) |
| Osia Hyper Retail Limited | 12.75 | 1427.13 | 1 | 1.46 | 8.73 | 4.97% | 23.85 | 5.04% | 1.37% |
| Aditya Consumer Marketing Limited | 42.71 | 97.41 | 10 | (2.62) | NA | (18.51%) | 14.14 | (2.44%) | (3.93%) |
| Sheetal Universal Limited | 126.50 | 105.67 | 10 | 8.12 | 15.58 | 21.44% | 38.27 | 13.10% | 8.80% |
| Kovilpatti Lakshmi Roller Flour Mills Limited | 129.05 | 426.59 | 10 | 1.27 | 101.61 | 1.72% | 73.92 | 3.44% | .27% |
| KN Agri Resources Limited(Consolidated) | 251.00 | 1724.85 | 10 | 14.76 | 17.01 | 10.50% | 140.60 | 3.51% | 2.14% |
| Madhusudhan Masala Limited | 141.20 | 230.92 | 10 | 10.93 | 12.92 | 16.04% | 64.73 | 11.83% | 6.51% |
*EPS figures are as per respective company financials. P/E is based on closing prices as on August 04/05, 2025.Data is based on the latest available financials and may differ from actual market movements. Revenue is For the Financial Year 2024-2025.
Strengths & Risks
Key Strengths
- Smart Inventory Control – The company uses advanced technology to manage stock efficiently and keep the right products available.
- Planned Expansion – It follows a unique strategy for acquiring and owning stores, which supports steady growth.
- Wide Presence – The company already has a strong footprint in its operating regions.
- Reliable Supply Chain – Its logistics and distribution network ensures smooth and timely deliveries.
- Variety of Products – Customers get access to a diverse product range under one roof.
- Bulk Buying Power – With large-scale procurement and storage, the company benefits from cost efficiency.
- Customer Loyalty – It enjoys long-standing relationships with its customers.
- Strong Leadership – The promoters and management team bring proven experience, entrepreneurial skills, and strong employee ownership.
- Proven Growth – The company has maintained a consistent track record of growth and profitability.
Key Risks
- All retail stores are concentrated in the state of Maharashtra.
- high debt equity ratio.
- Supply Chain Risk
- Operate in a competitive market.
For detailed information on Strengths and Risks, please refer to the sections ‘Our Competitive Strengths’ and Section II – Risk Factors of the RHP.
Key Contacts for Patel Retail Limited IPO
| 🏢 Company Contact Patel Retail Limited Prasad R Khopkar, Company Secretary and Compliance Officer Plot no. M-2, Anand Nagar, Additional MIDC, Ambernath (East) – 421506, Maharashtra, India Email: cs@patelrpl.net Telephone: +91 7391043825 www.patelrpl.in | 🧾 Registrar to the Issue Bigshare Services Private Limited Address: Office No S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East), Mumbai- 400093, Maharashtra, India Telephone: 022-62638200 Email: ipo@bigshareonline.com Investor Grievance email: investor@bigshareonline.com Contact person: Babu Rapheal Website: www.bigshareonline.com SEBI Registration No.: INR000001385 |
Book Running Lead Managers (BRLMs)
| BRLM Full Name |
|---|
| Pantomath Capital Advisors Private Limited,Sumedha Fiscal Services Limited |
For full contact details including representatives, emails, and phone numbers, of BRLM’s please refer to the Red Herring Prospectus (RHP).
Important IPO Documents
- Red Herring Prospectus (RHP)
- Draft Red Herring Prospectus (DRHP)
- Patel Retail Limited Anchor Investors Allocation Report.
- Basis of Allotment(Published After allotment)
1. What is the Patel Retail Limited IPO?
The Patel Retail Limited IPO is a book-built issue aiming to raise ₹242.76 crore. It comprises a fresh issue of ₹0.85 crore and an offer for sale of ₹0.10 crore.
2. When does the Patel Retail Limited IPO open and close?
Opening Date: August 19, 2025
Closing Date: August 21, 2025
3. What is the price band for the Patel Retail Limited IPO?
The price band is set between ₹237 and ₹255 per share.
4. What is the lot size and minimum investment for the Patel Retail Limited IPO?
Lot Size: 58 shares
Minimum Investment: ₹13746-14790.
5. What is the issue size of the Patel Retail Limited IPO?
The total issue size is ₹306 crore, which includes:
Fresh Issue: ₹215.91 crore
Offer for Sale: ₹25.55 crore
6. Who is the registrar for the Patel Retail Limited IPO?
The registrar for this IPO is Bigshare Services Private Limited.
7. Where will the Patel Retail Limited shares be listed?
The shares are proposed to be listed on the BSE AND NSE (NSE is the designated stock exchange).
8. When will the allotment be finalized?
The basis of allotment is expected to be finalized on 22 August 2025.
9. When is the Patel Retail Limited IPO listing date?
The shares are expected to be listed on 26 August 2025.
10. How can I check the allotment status?
You can check the allotment status by visiting our dedicated page here: IPO Allotment Status.
IPO Listing Details
| IPO Listing Date | 26 August 2025 (Tuesday) |
| ISIN | |
| NSE Symbol | |
| BSE Script Code | |
| Issue Price | ₹ |
| Listing Price | [₹0] |
| Listing Gain/Loss (%) | [+0%] |
Listing Day Trading Information
| Price | BSE | NSE |
|---|---|---|
| Share Allotment Price(Issue Price) | 0 | 0 |
| Open | 0 | 0 |
| High | 0 | 0 |
| Low | 0 | 0 |
| VWAP | 0 | 0 |
| Close | 0 | 0 |
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. Recipients should conduct their own research and assessments and consult their investment advisor before making any investment decisions. This does not constitute a personal recommendation/investment advice.
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