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Patel Retail IPO GMP: Patel Retail IPO opens today, August 19, aiming to raise Rs 242.76 crore. The issue closes on August 21, 2025.
Founded in 2008, Patel Retail operates a chain of supermarkets under the brand “Patel’s R Mart,” largely in tier-III cities and suburban Maharashtra.
Patel Retail IPO GMP Today: Patel Retail IPO opens today, August 19 for a three-day subscription. The mainboard issue is aiming to raise Rs 242.76 crore through a mix of fresh equity issuance and an offer for sale (OFS). The issue will close on August 21, 2025.
The IPO proceeds will be used for debt repayment (Rs 59 crore), working capital needs (Rs 115 crore), and general corporate purposes.
Patel Retail IPO witnessed a strong response from investors on the first day of bidding, with the issue subscribed 6.19 times overall till 4:30 pm. In total, against 78.15 lakh shares on offer, Patel Retail IPO received bids for 4.83 crore shares.
Patel Retail IPO Price Band
The IPO comprises a fresh issue of 0.85 crore shares worth Rs 217.21 crore and an OFS of 0.10 crore shares worth Rs 25.55 crore. The price band is fixed at Rs 237 to Rs 255 per share, with a face value of Rs 10. The minimum lot size is 58 shares, requiring a retail investment of Rs 13,746. For high-net-worth investors, the lot size stands at 14 lots (812 shares) for sNII and 68 lots (3,944 shares) for bNII.
Fedex Securities Pvt Ltd is acting as the book-running lead manager, while Bigshare Services Pvt Ltd is the registrar.
The company’s shares are proposed to be listed on both BSE and NSE with a tentative listing date of August 26, 2025.
Patel Retail IPO Reservation
Out of the total issue, 44.76% is reserved for retail investors, 29.84% for QIBs, 24.87% for NIIs, and 0.54% for employees, who also enjoy a Rs 20 discount per share.
Patel Retail Financials
Founded in 2008, Patel Retail operates a chain of supermarkets under the brand “Patel’s R Mart,” largely in tier-III cities and suburban Maharashtra. As of May 2025, the company runs 43 stores across Thane and Raigad districts, with a total retail space of about 1.78 lakh sq. ft.
Financially, the company reported a revenue of Rs 825.99 crore in FY25, with a 12% rise in net profit to Rs 25.28 crore from the previous year.
Patel Retail IPO: Should You Subscribe?
Anand Rathi in its report said:
Patel Retail Limited, headquartered in Ambernath, Maharashtra, is a value retail supermarket chain operating under the brand Patel’s R Mart, with 43 stores across Thane and Raigad and a retail space of about 1.79 lakh sq. ft. Incorporated in 2008, the company has expanded into nonretail operations, including food processing, packaging, exports, and trading, offering products under in-house brands such as Patel Fresh, Indian Chaska, Blue Nation, and Patel Essentials.
They aim to strengthen their retail presence in Maharashtra by deepening market penetration and expanding their store network. Their stores are spread across 17 cities and suburban areas in the Thane and Raigad districts of Maharashtra. Following a cluster-focused expansion strategy, they plan to strengthen their presence in the western suburbs of the MMR, including Mira Road, Bhayander, Virar, and Vasai, as well as expand into the municipal region of Pune, Maharashtra.
At the upper price band, the company is valued at a FY25 P/E of 33.6x, with a post-issue market capitalization of Rs 8,504 million. Each retail store offers over 10,000 SKUs, and the company’s strategy focuses on providing a wide product range at value-for-money prices with strong customer service, sustaining competitiveness through everyday low prices driven by efficient procurement, supply, and operations. Based on these factors, the IPO appears fully priced, with a “SUBSCRIBE – LONG TERM” recommendation.
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
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