Current Infraprojects IPO...
20 Aug, 2025
Patel Retail IPO
The book-built public offering of the Patel Retail IPO will open on August 19, 2025 and close on August 21, 2025. The size of the issue is ₹243 crores, with a fresh issue of ₹216 crores and an Offer for Sale of ₹26 crores. The lot size of the IPO is 58 shares and the company will list on BSE and NSE by August 26, 2025. The allocation limit is 35 percent to retail investors, 50 percent to Qualified Institutional Buyers (QIB) and 15 percent to Non-Institutional Investors (NII).
Company Background
Patel Retail Limited is a retail and food processing company established in 2008 and based in Maharashtra. Founded in 1990 by Dhanji Patel, it started as a small grocery store and has expanded into a chain of more than 40 supermarkets under the brand name Patel R Mart, mostly in tier-III cities and suburbs of Maharashtra and Gujarat. The company is also heavily involved in food processing and export and is a 4-star export house as certified by the Government of India. It was originally established to cater to the needs of the local communities through a customer-oriented neighborhood supermarket concept.
Operations & Product Range
Facility & Production
Patel Retail IPO has several manufacturing and processing units, such as a food processing unit in Dudhai, Kutch (Gujarat) and a quality check and packaging unit at Ambarnath, Maharashtra. The Dudhai plant includes the processing of agricultural products such as cumin, coriander & peanuts and has cold storage and warehouses with a 15.9-acre cluster. The company has an owned fleet of 18 trucks and third-party delivery partners, which ensure efficient distribution.
Brands & Market Presence
The Patel Retail IPO has a diversified product mix, which consists of food, non-food FMCG, general merchandise and apparel. It sells several own-label brands including Patel Fresh (pulses, ready to cook), Indian Chaska (spices, ghee, papad), Blue Nation (men's fashion) and Patel Essentials (home improvement products). By May 31, 2025, it had 43 stores in Thane and Raigad districts with a retail space of around 178,946 square feet. Patel Retail is also an exporter to more than 25 countries and offers products such as staples, groceries, pulses and spices.
Revenue Channels
Patel Retail earns its revenues mainly in two segments:
Retail Segment: Patel Retail IPO runs local supermarkets that cater to lower-middle to aspiring upper-middle-income shoppers with an emphasis on value-for-money products. The retailing division incorporates direct sales through its chain of shops.
Non-Retail Segment: It deals with processing, packaging, exporting and trading of food and non-food products, under its own private labels and third-party brands. The export market covers more than 25 countries.
The retail sales are also boosted by the use of private label products, which contribute more than 17 percent of the sales as of recent statistics, boosting the margins and brand value.
Management & Shareholding
Promoters and Shareholding
The promoters presently own approximately 98 percent pre-IPO and this will decrease to approximately 70 percent post-IPO. Notable promoters are Dhanji Raghavji Patel, Bechar Raghavji Patel, Hiren Bechar Patel and Rahul Dhanji Patel.
Board Members and Management
The management team of the Patel Retail IPO is highly entrepreneurial and has a successful track record with experienced personnel. They focus on market intelligence, operational excellence and ownership culture. The sources have not revealed specific details of the board members explicitly.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Patel Retail IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Patel Retail IPO Details
| Detail | Description |
|---|---|
| IPO Date | August 19, 2025 to August 21, 2025 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Issue Price Band | ₹237 to ₹255 per share |
| Lot Size | 58 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 95,20,000 shares (aggregating up to ₹242.76 Cr) |
| Reserved for Employees | 51,000 shares (aggregating up to ₹1 Cr) |
| Fresh Issue | 84,67,000 shares (aggregating up to ₹215.91 Cr) |
| Offer for Sale | 10,02,000 shares of ₹10 (aggregating up to ₹25.55 Cr) |
| Net Offered to Public | 94,69,000 shares (aggregating up to ₹241.46 Cr) |
| Employee Discount | ₹20.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 2,48,82,528 shares |
| Share Holding Post Issue | 3,34,00,528 shares |
Patel Retail IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Tue, Aug 19, 2025 |
| IPO Close Date | Thu, Aug 21, 2025 |
| Tentative Allotment | Fri, Aug 22, 2025 |
| Initiation of Refunds | Mon, Aug 25, 2025 |
| Credit of Shares to Demat | Mon, Aug 25, 2025 |
| Tentative Listing Date | Tue, Aug 26, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 21, 2025 |
Patel Retail IPO Lot Size
| Application | 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 |
Patel Retail IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 97.99% |
| Share Holding Post Issue | 70.01% |
Competitive Strength:
- ● IT-based inventory management that leads to deep market knowledge and a tailored product mix.
- ● Good presence and growing footprint across tier-III cities and suburban Maharashtra and Gujarat.
- ● Differentiated and expanding private label product base to drive increased margins.
- ● An effective logistics and self-distribution network, which guarantees control of the supply chain.
Patel Retail IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 382.86 | 825.99 | 25.28 | 134.57 | 180.54 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 333.02 | 817.71 | 22.53 | 94 | 185.75 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 303.12 | 1,019.80 | 16.38 | 71.87 | 182.81 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 19.02% |
| ROCE | 14.43% |
| Debt/Equity | 1.34 |
| RoNW | 19.02% |
| PAT Margin | 3.08% |
| EBITDA Margin | 7.61% |
| Price to Book Value | 4.72 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 10.16 | 7.57 |
| P/E (x) | 25.1 | 33.69 |
Objectives of the Patel Retail IPO
- Paying down some borrowings to deleverage the balance sheet and pay down debt.
- Financing working capital is needed to fund growth and expansion.
- The general corporate objectives involve the expansion of retail outlets and the improvement of products.
- Increasing store network in both new and existing markets, growing the amount of private label products and improving brand awareness.
Conclusion
Patel Retail Limited IPO is a chance to invest in an expanding retail and food processing firm with a good regional distribution, diversified product line and powerful operational infrastructure. The fact that the company focuses on suburban and tier-III markets, backward integration and private label products gives it a competitive advantage. The IPO proceeds will be utilized to repay debt and drive additional growth, which will help Patel Retail to grow long-term in the changing retail industry.
RHP:
DRHP:
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Frequently asked Questions (FAQs )
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1. What is the Patel Retail IPO subscription date?
The IPO will be opened on August 19, 2025 and closed on August 21, 2025.
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2. Where will Patel Retail list its shares?
The IPO shares will be listed on NSE and BSE.
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3. Which are the key business segments of Patel Retail?
The company has non-retail processing/exporting/trading and retail supermarket operations.
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4. Who are the promoters of Patel Retail and what is the shareholding of the promoters after the IPO?
The promoters are Dhanji Raghavji Patel and family, with approximately 70 percent post IPO.
