Patel Retail IPO Subscription Status on Day 3: Retail Bids 21x, Overall Booked 30 Times on Final Day
- 21st August 2025
- 12:15:00 PM
- 3 min read
Summary
Patel Retail IPO closed with an overall subscription of 30 times on Day 3, led by NIIs at 41x, retail investors at 21x and QIBs at 17x. The ₹242.76 crore issue, priced at ₹237–₹255 per share, saw strong demand, reflecting investor confidence despite regional concentration risks.
Mumbai | August 21 – The initial public offering of Patel Retail Ltd has drawn a strong response from investors, with the issue subscribed 30 times on the final day of bidding. The supermarket chain, which operates under the Patel’s R Mart brand, has captured attention across retail, institutional and non-institutional categories.
Patel Retail IPO Subscription Status Day 3
According to exchange data, Patel Retail IPO has received bids for 20.78 crore shares against 78.15 lakh shares available, translating into an overall subscription of 30x.
Breakdown of demand across investor categories:
- Qualified Institutional Buyers (QIBs): 17.30x
- Non-Institutional Investors (NIIs): 41.30x
- Retail Individual Investors (RIIs): 21.08x
- Employees: 12x
This robust participation underscores investor confidence in the company’s growth story, though analysts caution that its regional exposure could pose concentration risks.
Patel Retail IPO Price Band and Structure
The price band has been set between ₹237 and ₹255 per share, with a lot size of 58 shares. The company seeks to raise ₹242.76 crore, comprising a fresh issue of ₹217.21 crore and an offer for sale of ₹25.55 crore.
Ahead of the issue opening, Patel Retail mobilised ₹43 crore from anchor investors. Fedex Securities is the book-running lead manager, while Bigshare Services is acting as the registrar.
Proceeds from the fresh issue are earmarked for debt reduction, working capital funding and general corporate purposes.
Patel Retail: Business Overview
Founded in 2008, Patel Retail has established itself in the Tier-III city and suburban markets of Maharashtra, with a network concentrated in Thane and Raigad districts. Its product portfolio spans food and non-food items, apparel and household merchandise, catering to mass-market consumers.
In FY25, retail sales contributed nearly 45% of its total revenues. However, analysts note that the firm’s reliance on raw material suppliers without long-term contracts, as well as dependence on third-party manufacturers, could pressure margins in the event of price volatility.
Outlook and Allotment Timeline
The sharp oversubscription suggests that Patel Retail IPO may witness a strong listing, reflecting both market sentiment and grey market interest. Nevertheless, investors are advised to weigh the company’s concentrated regional presence and supply chain vulnerabilities.
The IPO will close for subscription today, with the allotment status to be finalised thereafter. Applicants can check their allotment through BSE, NSE, or the registrar’s portal at Bigshare Services once updated.
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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