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Patel Retail IPO closed at 95x subscription, raising Rs 242.76 crore. Shares list on BSE and NSE August 26, 2025. Patel’s R Mart runs 43 stores in Maharashtra.
Patel Retail IPO To Debut On August 26
Patel Retail IPO GMP Today: The three-day subscription window for Patel Retail IPO concluded between August 19, 2025 to August 21, 2025. The mainboard issue is targeted to raise Rs 242.76 crore through a mix of fresh equity issuance and an offer for sale (OFS). The issue was closed on August 21, 2025.
The issue received a massive response from investors with an overall subscription of 95x. Investors made a bid for 74,79,89,460 shares against 78,15,612 shares on offer.
The allotment of Patel Retail IPO was finalized on Friday, August 22, 2025. The lucky ones who have received the allotment are keenly awaiting for the listing of the shares, which is scheduled to happen on Tuesday, August 26, 2025. Meanwhile, their eyes are on GMP and listing price prediction to gauge how much return they can get from their investment.
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 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 Listing Price Prediction, GMP
Unlisted shares of Patel Retail were trading at Rs 302, reflecting a gain of 18.43 per cent.
GMP changes over time depending on investors’ sentiment.
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.
Step-by-Step Guide to Check Patel Retail IPO Allotment Status
Step 1: Visit the Official IPO Allotment Website
Go to the registrar’s website handling the IPO. For Patel Retail, the registrar is usually Link Intime India Pvt. Ltd. The website link is: https://linkintime.co.in
Step 2: Navigate to the IPO Allotment Section
Look for a tab or link that says “IPO Allotment Status” or “Check Allotment”.
Step 3: Select Patel Retail IPO
From the dropdown or search bar, select Patel Retail IPO.
Step 4: Enter Your Details
You will need:
- PAN Number (mandatory)
- Application Number / DP ID & Client ID (for demat applications)
Step 5: Submit Your Details
Click on Submit or Check Status.
Step 6: View Allotment Status
Your screen will display whether you have been allotted shares or not. If allotted, it will also show number of shares allocated.
Step 7: Alternative Methods
Stock Exchange Websites: You can also check allotment status on BSE (https://www.bseindia.com) or NSE (https://www.nseindia.com) by searching for Patel Retail IPO allotment.
Mobile App / Bank Portal: Some brokers and banks also provide IPO allotment status via their apps or net banking.
Step 8: Refund / Share Credit
If you are allotted, shares will be credited to your demat account. If not allotted, the application money will be refunded to your bank account.
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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