Patel Retail’s Initial Public Offering (IPO) received a very strong response on the very first day. By 12:30 PM on Tuesday, the IPO was subscribed 2.78 times.
Retail investor quota: 1.82 times
Employees’ quota: 1.30 times
Non-institutional investors: 2.59 times
Qualified Institutional Buyers (QIB): 6.85 times (highest response)
The IPO will remain open for bidding until 21 August 2025.
Grey Market Premium and Listing Details
Patel Retail’s shares are trading at a premium of ₹46 in the grey market, suggesting a possible listing price above ₹300.
IPO Price: ₹255 per share
Public Issue Size: ₹242.76 crore
Funds raised from anchor investors: ₹43 crore (on Monday)
Listing Date: 26 August 2025
Exchanges: BSE and NSE
Investment Details for Retail Investors
Minimum application: 1 lot (58 shares)
Maximum application: 13 lots
Cost of 1 lot: ₹14,790
Before the IPO, promoters D R Patel, B R Patel, H B Patel, and R D Patel held a 97.99% stake, which will reduce to 70.01% after the IPO.
About Patel Retail Limited
Founded in 2008, Patel Retail Limited is a retail supermarket chain mainly operating in tier-3 cities.
First store opened in Ambarnath, Maharashtra, under the brand name Patel’s R Mart
Offers food, non-food items, general merchandise, and apparel
Currently operates 43 stores across different locations
