PATEL RETAIL LIMITED
Price Band
₹ 237 - ₹ 255
Bid Lot
58 Shares
Price Band
₹ 237 - ₹ 255
Minimum Investment
₹ 14790.00
Bid Lot
58 Shares
Shares
9,520,000
-
Face Value - Rs. 10/- Per Share
- Lisitng at NSE BSE
-
73,466 Application Required in Retail for 1 Time.
-
Registrar : Bigshare Services Pvt. Ltd
IPO Details
QIB
30%
(2,840,700 Shares)RS.72.44 CR
HNI 1
5%
(789,083 Shares)RS.20.12 CR @ 972 FORM 1X
HNI 2
10%
(1,578,167 Shares)RS.40.24 CR @ 1944 FORM 1X
Retail
45%
(4,261,050 Shares)RS,108.66 CR @ 73466 FORM 1X
Employee
0%
(51,000 Shares)RS,1.20 CR
Timeline
-
19
Aug-2025
Open Date
-
21
Aug-2025
Close Date
-
22
Aug-2025
Basis of Allotment Date
-
25
Aug-2025
Initiation of Refunds
-
25
Aug-2025
Credit of Shares to Demat A/C
-
25
Aug-2025
IPO Listing Date
Subscription as on 21-Aug-2025 16:49
Category
Book Size
Subscription
QIB
272.44x
1,136,280
(₹28.98 Cr.)
309,562,472
(₹7893.84 Cr.)
HNI (<10 LAKH)
120.10x
789,083
(₹20.12 Cr.)
94,766,548
(₹2416.55 Cr.)
HNI2 (>10 LAKH)
102.15x
1,578,167
(₹40.24 Cr.)
161,213,552
(₹4110.95 Cr.)
RETAIL
42.27x
4,261,050
(₹108.66 Cr.)
180,112,504
(₹4592.87 Cr.)
EMP
25.15x
51,000
(₹1.30 Cr.)
1,282,612
(₹32.71 Cr.)
Total
95.57x
7,815,580
746,937,688
Category
Book Size
Subscription
QIB
272.44x
1,136,280
(₹28.98 Cr.)
309,562,472
(₹7893.84 Cr.)
HNI (<10 LAKH)
120.10x
789,083
(₹20.12 Cr.)
94,766,548
(₹2416.55 Cr.)
HNI2 (>10 LAKH)
102.15x
1,578,167
(₹40.24 Cr.)
161,213,552
(₹4110.95 Cr.)
RETAIL
42.27x
4,261,050
(₹108.66 Cr.)
180,112,504
(₹4592.87 Cr.)
EMP
25.15x
51,000
(₹1.30 Cr.)
1,282,612
(₹32.71 Cr.)
Total
95.57x
7,815,580
746,937,688
*Excluding Anchor
Total No. of Application Approx : ~2687594 (36.58 Appwise)
HNI Cost
About Company
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.
The company opened its first store under the brand name “Patel’s R Mart” in Ambernath, Maharashtra. As of May 31, 2025, the company operated 43 stores across suburban areas of Thane and Raigad districts in Maharashtra, with a total retail area of approximately 1,78,946 sq. ft.
To enhance margins and brand recognition, Patel Retail Limited has launched private label products such as “Patel Fresh” (pulses and ready-to-cook items), “Indian Chaska” (spices, ghee, and papad), “Blue Nation” (men’s wear), and “Patel Essentials” (home improvement items).
Manufacturing Facilities:
Patel Retail Limited manages three main facilities supporting its retail and private label operations.
- Facility 1 (Ambernath, Maharashtra): This location handles processing, quality checks, and packaging of private label products such as pulses, ready mixes, and select grocery items.
- Facility 2 (Dudhai, Kutch, Gujarat): This production unit processes agri-products like peanuts, coriander seeds, and cumin seeds, serving as a key component of the company’s backward integration strategy.
- Facility 3 (Agri-Processing Cluster, Dudhai, Kutch, Gujarat): Spread over 15.925 acres, this integrated agri-cluster includes five production units, a fruit pulp processing unit, a dry warehouse (3,040 MT capacity), a cold storage facility (3,000 MT capacity), and an in-house testing and research laboratory.
These facilities are collectively referred to as the Manufacturing Facilities, while Facility 2 and the Agri-Processing Cluster together are known as the Kutch Facilities.
Operations & Distribution:
Patel Retail Limited positions its stores as neighbourhood supermarkets catering to both daily needs and bulk shopping. In addition to its core retail activity, the company also generates rental income through vendor arrangements within its stores.
As of May 31, 2025, it has 38 products categories across 10,000 SKUs. Its products are distributed across various states, with the majority of sales originating from Maharashtra and Gujarat.
Strengths
Key Strengths
- Deep knowledge and understanding of optimal product assortment and inventory management using IT systems
- Steady footprint expansion using a distinct store acquisition strategy and ownership model
- Logistics and distribution network with own fleet of 18 trucks
- Diversified product portfolio
- Strategically located manufacturing facilities
Company Promoters
Company Financials
Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
Assets | 382.86 | 333.02 | 303.12 |
Total Income | 825.99 | 817.71 | 1,019.80 |
Profit After Tax | 25.28 | 22.53 | 16.38 |
EBITDA | 62.43 | 55.84 | 43.24 |
Net Worth | 134.57 | 94.40 | 71.87 |
Total Borrowing | 180.54 | 185.75 | 182.81 |
Amount in ? Crore |
Objects of the Issue
The Company Patel Retail IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No. | Objects of the Issue | Expected Amount (? in crores) |
---|---|---|
1 | Repayment/prepayment, in full or part, of certain borrowings availed of by the Company. | 59.00 |
2 | Funding of working capital requirements of the Company. | 115.00 |
3 | General corporate purposes. |
How to Apply
Apply for IPO in few simple steps.
-
Step 1
Once you create your account, Login to Easy Investing.
-
Step 2
Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.
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Step 3
Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).
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Step 4
Enter your UPI ID and you will receive mandate on your UPI App.
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Step 5
Once you accept the mandate, Application is submitted successful.
The Bidding Process
- Applying for an IPO is easier than ever with Easy Investing, in just a few clicks your application is processed. You can bid for any IPO through Easy Investing, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
- If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
- The maximum subscription amount for retail investors is 2 lakh.
- Any bid can be at a desired price or cut off price given by the company.
How to bid on App?
- Enter the number of shares you wish to buy, as per the lot size.
- You can apply at the cut off price set by the company or bid for a desired amount within the price band.
- Maximum three bids will be accepted.
- You then need to enter the UPI ID on Easy Investing’s IPO application form.
Investing using UPI
- You will immediately get a fund blocked request on your UPI for the submitted IPO application.
- The funds will be blocked in your bank account until allotment when it is debited.
- The limit for IPO application is Rs 2 lakh per transaction on UPI.
- On allotment of the shares, the money will be automatically debited.
- If the share aren’t allotted the blocked funds will reflect back into your account.
FAQs
Frequently Ask Question