PATEL RETAIL LIMITED

Price Band

₹ 237 - ₹ 255

Bid Lot

58 Shares

PATEL RETAIL LIMITED

19-Aug-2025 - 21-Aug-2025

Price Band

₹ 237 - ₹ 255

Minimum Investment

₹ 14790.00

Bid Lot

58 Shares

Shares

9,520,000

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.

  • Step 3

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 4

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 5

    Once you accept the mandate, Application is submitted successful.

  • 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.

  • 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.

  • 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

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