Patel Retail IPO is a book-built issue IPO, aiming to raise ₹242.76 crore. It comprises a fresh issue of 85.18 lakh equity shares aggregating to ₹217.21 crore and an offer for sale of 10.02 lakh equity shares amounting to ₹25.55 crore. The bidding window was open from August 19, 2025, to August 21, 2025, with the IPO allotment to be finalised on August 22, 2025. Patel Retail is scheduled to list on BSE and NSE on August 26, 2025.
The IPO was priced at ₹237-₹255 per share with a lot size of 58 shares. The public issue received bids for 74.82 crore shares against 78.19 lakh shares available, resulting in an overall subscription of 95.69 times. QIBs led the response, subscribing 272.14 times their quota, followed by NIIs at 108.11 times and retail investors at 42.55 times.
Patel Retail’s ₹242.76 crore IPO, priced at ₹237-₹255 per share, was subscribed 95.69 times overall. The IPO is a fresh issue of 85.18 lakh equity shares aggregating to ₹217.21 crore and an offer for sale of 10.02 lakh equity shares amounting to ₹25.55 crore. Bidding took place from August 19 to August 21, 2025, with the Patel Retail IPO allotment status on August 22, 2025. Retail investors subscribed 42.55 times, NIIs 108.11 times, and QIBs 272.14 times. Listing is expected on August 26, 2025.
The table below breaks down the Patel Retail share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| QIB Shares Offered | 28,41,900 (29.84%) |
| − Anchor Investor Shares Offered | 17,04,388 (17.90%) |
| − QIB (Ex. Anchor) Shares Offered | 11,37,512 (11.94%) |
| NII (HNI) Shares Offered | 23,68,250 (24.87%) |
| − bNII > ₹10L | 15,79,149 (16.58%) |
| − sNII < ₹10L | 7,89,101 (8.29%) |
| Retail Shares Offered | 42,62,850 (44.76%) |
| Employee Shares Offered | 51,000 (0.54%) |
| Total Shares Offered | 95,24,000 (100.00%) |
Data Source: NSE
| Category | Subscription (times) |
| Qualified Institutional Buyers | 272.14 |
| Non-Institutional Investors | 108.11 |
| Retail Individual Investors | 42.55 |
| Employee | 25.29 |
| Total | 95.69 |
Note: The subscription details are as of August 21, 2025
Patel Retail Limited, incorporated in 2008, is a supermarket chain with operations concentrated in tier-III cities and nearby suburban areas. Its stores, under the brand “Patel’s R Mart”, provide a wide range of goods including food, FMCG, apparel, and general merchandise. As of May 31, 2025, the company operated 43 stores across Thane and Raigad districts in Maharashtra, covering a total retail area of 1,78,946 sq. ft.
To expand its margins and brand identity, the company has launched private labels such as “Patel Fresh” for pulses and ready-to-cook items, “Indian Chaska” for spices and ghee, “Blue Nation” for men’s wear, and “Patel Essentials” for household products. These private labels complement the retail offering and contribute to higher profitability.
Patel Retail supports its operations with three manufacturing facilities. The Ambernath, Maharashtra unit handles processing and packaging of grocery products. In Dudhai, Kutch, the company operates two facilities, including an integrated agri-processing cluster spread over 15.925 acres, featuring production units, cold storage, warehousing, fruit pulp processing, and an in-house testing lab. These facilities ensure quality control, efficient supply, and support backward integration.
The company has also built a logistics network supported by its own fleet of 18 trucks. As of May 2025, Patel Retail offered 38 product categories across 10,000 SKUs. Besides retailing, it also earns rental income from vendor arrangements within its stores. This combination of retail outlets, private labels, and value-added facilities positions Patel Retail as a growing regional supermarket chain.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Aug 21, 2025, 9:27 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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