Patel Retail Limited IPO

Patel Retail Limited IPO

Mainboard NSE & BSE 100% Book Built Offer
Closed

Price Band

₹237 - ₹255

Total Issue

₹242.66 Cr

Bid Dates

19 Aug - 21 Aug

Subscription

95.70x

Est. GMP

₹50 (19.61%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

The company operating under the brand “Patel’s R Mart,” is a value-focused retail supermarket chain serving Tier-III cities and suburban areas. It has grown to offer over 10,000 SKUs across 38 product categories, including food, FMCG, general merchandise, and apparel. To enhance margins and brand recognition, the company has developed private label products such as “Patel Fresh” (pulses, ready-to-cook items), “Indian Chaska” (spices, ghee, papad), “Blue Nation” (men’s wear), and “Patel Essentials” (home improvement). These are processed in-house or sourced from third-party vendors. The company also exports staples, spices, and groceries under its own and client brands to over 40 countries, and trades in a wide range of domestic and international food and non-food products.

Lot Info

Lot Information for Patel Retail IPO
Category Lots Shares Amount
Retail (Min) 1 58 ₹14,790
Retail (Max) 13 754 ₹1,92,270
S-HNI (Min) 14 812 ₹2,07,060
S-HNI (Max) 67 3,886 ₹9,90,930
B-HNI (Min) 68 3,944 ₹10,05,720

Category Reservation

QIB 50%
NII 15%
Ret 35%
Employee
51,000 EQ Shares
Shareholder
₹0.00

Issue Size

Total ₹242.66 Cr
Fresh Issue
₹217.11 Cr (0.85 Cr Shares)
Offer For Sale
₹25.55 Cr (0.10 Cr Shares)

Objects of Issue

  1. Repayment/prepayment, in full or part, of certain borrowings availed of by our Company
  2. Funding of working capital requirements of the Company
  3. General corporate purposes.

Grey Market Premium

GMP ₹50
Est. Price ₹305
Est. Gain 19.61%

Patel Retail IPO Peer Comparison

(Rs. in crores)

Patel Retail IPO Peer Comparison Table
Particulars Patel Retail Vishal Mart Avenue Super Spencers Retail Osia Hyper Aditya Consumer Sheetal Universal Kovilpatti KN Agri Madhusudhan Masala
Revenue from Ops (in Crs.) 8,206.93 75,860.40 4,28,395.60 24,525.82 7,388.17 968.64 1,288.12 3,321.35 22,361.50 1,272.16
PAT (In Crs.) 252.78 3,212.73 23,783.40 -2,103.97 95.01 12.23 20.60 102.98 293.70 57.55
EPS - Basic 10.30 1.40 41.61 -27.33 1.46 -2.62 8.12 1.27 14.76 10.93
NAV per share 54.08 13.92 329.27 -73.40 23.85 14.14 38.27 73.92 140.60 64.73
RONW 19.02% 9.87% 12.64% -37.24% 4.97% -18.51% 21.44% 1.72% 10.50% 16.04%
EBITDA 7.61% 13.45% 8.49% 0.15% 5.27% 3.89% 1.16% 5.68% 2.31% 8.95%
PAT Margin 3.08% 4.24% 5.55% -8.58% 1.29% 1.26% 1.60% 3.10% 1.31% 4.52%
Price to earning (PE) 24.76 104.73 102.33 NA 8.73 NA 15.58 101.61 17.01 12.92

All information pertains to FY 2024-25.The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of August 05, 2025 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Patel Retail IPO
Particulars Mar-25 Mar-24 Mar-23
Revenue from Operations 8,206.93 8,141.88 10,185.48
Profit after Tax 252.78 225.33 163.80
Net Worth 1,345.74 944.03 718.69
Total Borrowing 1,805.37 1,857.50 1,828.14
Total Assets 3,828.64 3,330.17 3,031.20
NAV per share (in ₹) 54.08 38.72 29.48
EPS - Basic (in ₹) 10.30 9.24 6.72

KPIs

EBITDA

7.61%

PAT

3.08%

ROE

19.02%

ROCE

14.43%

Debt to Equity

1.34

PE Ratio

24.76

PB Ratio

4.72

Mkt Cap (in Crs.)

851.71

All the data pertains to FY 2024-25. PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

97.99%

Public

2.01%

Dhanji Patel 65.45%
Bechar Patel 18.78%
Others 13.76%

Management

Dhanji Patel Chairman & MD
Rahul Patel CEO
Manish Agarwal CFO

Registrar & Lead Managers

Registrar

Bigshare Services

Bigshare Services

Lead Managers (1)

Fedex Securities Fedex Securities

Subscription Status

Updated as on 21-Aug-2025 19:00:00

Mainboard Subscription Status for Patel Retail IPO
Category Sub (x) Offered Bids
QIB 108.97 28,40,700 30,95,62,472
NII 108.17 23,67,250 25,60,77,192
bHNI 102.15 15,78,167 16,12,13,552
sHNI 120.22 7,89,083 9,48,63,640
Retail 42.49 42,61,050 18,10,56,048
Employee 25.37 51,000 12,93,748
Total 78.57 95,20,000 74,79,89,460

Frequently Asked Questions

What is Patel Retail IPO?
Patel Retail IPO is a Mainboard IPO having an issue size of ₹242.66 Crs. Patel Retail IPO is priced at ₹237 - ₹255 per share. The issue opens on 19 Aug 25 and closes on 21 Aug 25.
When will Patel Retail IPO open?
Patel Retail IPO opens on 19 Aug 25 and closes on 21 Aug 25.
What is the GMP of Patel Retail IPO?
The estimated Grey Market Premium of Patel Retail IPO is ₹50 per share (19.61%).
What is the lot size of Patel Retail IPO?
The minimum lot size of Patel Retail IPO is 58 shares & the minimum application amount is Rs. 14790.
When is the allotment of Patel Retail IPO?
The allotment date of Patel Retail IPO is 22 Aug 25.
What is the listing date of Patel Retail IPO?
The listing date of Patel Retail IPO is 26 Aug 25.
What is the subscription of Patel Retail IPO?
Patel Retail IPO is subscribed 95.70 times.
What is the price band of Patel Retail IPO?
Patel Retail IPO is priced at ₹237 - ₹255 per share.
How to check allotment status of Patel Retail IPO?
Click the allotment link on Patel Retail IPO page of IPO360.
How to apply Patel Retail IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Patel Retail IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Patel Retail IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Patel Retail IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date