The ₹243 Cr Patel Retail IPO Opens for Subscription – Check Status, Price Band, Allotment Date, and Listing Details
- 19th August 2025
- 12:30:00 PM
- 4 min read
Mumbai | August 19 – Maharashtra-based Patel Retail Ltd, a regional supermarket chain, opened its ₹243 crore IPO for subscription today. The three-day issue will close on August 21, 2025, with shares scheduled to list on the NSE and BSE on August 26, 2025.
The IPO is priced in a band of ₹237–₹255 per share, with investors required to apply for a minimum lot of 58 shares — translating to an entry ticket of just under ₹15,000 at the upper band.
Strong Early Demand from Retail Investors
By midday on Day 1, the issue had already drawn 0.77x subscription. The retail quota was covered 86%, while HNIs (NIIs) booked 1.1x. Institutional participation was muted, with QIBs taking just 1% of their allocation.
This follows a familiar IPO trend: fast traction from retail and HNIs, while QIB momentum typically builds closer to the final day of bidding.
Also Read: Bluestone IPO Lists at ₹510 on Stock Market – Here’s How It Debuted
Price Band, Lot Size, and Offer Details
The IPO is a book-built issue worth ₹242.76 crore, comprising:
- Fresh Issue: ₹217.21 crore
- Offer for Sale (OFS): ₹25.55 crore
Investors can bid for a minimum of 58 shares, requiring an investment of just under ₹15,000 at the upper price band.
Funds raised will be deployed towards working capital, debt repayment, and general corporate purposes. Fedex Securities Pvt Ltd is the book-running lead manager, while Bigshare Services Pvt Ltd is the registrar.
Allotment and Listing Timeline
- IPO Opens: August 19, 2025
- Closes: August 21, 2025
- Basis of Allotment: August 22, 2025
- Listing: August 26, 2025, on NSE and BSE
Ahead of the IPO, Patel Retail raised ₹43 crore from anchor investors. The company allocated 17,04,388 equity shares at ₹255 per share on August 18.
The anchor book featured a strong line-up: BNP Paribas Financial Markets, Maybank Securities, Chanakya Opportunities Fund, Beacon Stone Capital, Saint Capital Fund, and Pine Oak Global Fund. Their participation is being read as a vote of confidence in the Maharashtra-based chain’s fundamentals.
Patel Retail Financial Performance
Patel Retail has reported consistent profits despite revenue moderation in recent years.
| (₹ crore) | FY23 | FY24 | FY25 |
| Revenue | 1,018.55 | 814.19 | 820.69 |
| Net Profit | 16.38 | 22.53 | 25.28 |
| EBITDA | 43.24 | – | 62.43 |
| Total Assets | 303.12 | – | 382.86 |
Despite softer revenue, profits and assets have grown, pointing to improved operational efficiency.
Promoter Holding Post-Issue
Patel Retail is a family-owned Maharashtra retail chain. Promoters Dhanji Raghavji Patel, Hiren Bechar Patel, Bechar Raghavji Patel, and Rahul Dhanji Patel currently hold 97.99% stake, which will reduce to 70.01% post-IPO.
This dilution enhances public float and liquidity once listed.
Patel Retail IPO GMP Today
In the unlisted market, the Patel Retail IPO GMP is quoting at ₹38–₹39 per share, implying a possible listing price of ₹292–₹293 versus the issue price of ₹255. While GMP is unofficial and highly volatile, it remains a key sentiment tracker for near-term listing expectations.
Bottom Line
The ₹243 crore Patel Retail IPO is backed by retail traction, strong anchor participation, and visible GMP activity. The next two days of bidding will decide if institutional demand catches up before allotment on August 22 and listing on August 26.
With its positioning as a regional value retail chain competing against listed peers like D-Mart and V-Mart, Patel Retail has emerged as one of the most closely watched IPOs in August 2025.
👉 For Patil Retail IPO investors can apply seamlessly via PL Capital’s platform, ensuring quick access to public issues with transparent process and timely updates.- https://eipo.plindia.com/
Also Read: What Happens After IPO Listing – Next Steps for Investors!
Disclaimer: This article is for informational purposes only and is not investment advice or a stock recommendation. PL Capital does not provide investment advice or stock tips. All details are based on publicly available information and market sources. Past subscription numbers, grey market premium, and listing performance do not guarantee future returns. Investors should consult certified financial advisors before making investment decisions.
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
