Patel Retail Limited is launching its Initial Public Offering (IPO) on Tuesday, August 19, 2025, which will close on Thursday, August 21, 2025. The price band is set between ₹237 to ₹255 per equity share of face value ₹10 each. Investors can bid for a minimum lot of 58 equity shares and in multiples thereof. The offer includes a ₹20 discount for eligible employees under the reserved portion.
IPO Structure and Fund Utilization
The IPO comprises a fresh issue of 85.20 lakh equity shares and an Offer for Sale (OFS) of 10.02 lakh shares by promoter-selling shareholders. Net proceeds from the fresh issue will be utilized for repayment of borrowings (₹59 crore), working capital needs (₹115 crore), and general corporate purposes. The IPO is being managed by Fedex Securities, with Bigshare Services as the registrar.
About Patel Retail Limited
Founded in 2007, Patel Retail is a fast-growing supermarket chain focused on value retail in Tier-III cities and suburban Maharashtra. It operates 43 stores as of May 2025, under the brand “Patel’s R Mart”, covering ~1.78 lakh sq. ft. retail space. The company offers a wide product mix, including private labels like Patel Fresh, Indian Chaska, and Blue Nation. It also exports to over 35 countries.
Financial Performance and Expansion Plans
Patel Retail reported a 12.18% increase in PAT to ₹25.28 crore in FY25 on revenues of ₹820.69 crore. The growth was driven by improved sales at existing stores. The company plans to expand its footprint in western Mumbai suburbs and Pune, and continues to build its online presence through its mobile app with 86,000+ downloads and 17,000+ active users.
IPO Allocation and Investor Information
The IPO will be conducted via book-building process, allocating 30% to QIBs, 25% to non-institutional investors, and 45% to retail investors. Investors are encouraged to review the Red Herring Prospectus (RHP) and relevant risk factors before investing. The equity shares will be listed on the NSE and BSE, with NSE as the designated stock exchange.
