Patel Retail Ltd, is a supermarket chain operating under the brand Patel’s R Mart, It operates in tier‑III cities and suburban areas in Maharashtra. Patel Retail IPO book build issue is for ₹ 242.76 Cr, With fresh issue of ₹ 217.21 Cr ( ~85 lac shares) and offer for sale aggregating to 25.55 Cr ( ~10 lac shares).
Patel Retail Limited is open for subscription from 19th Aug’25 and closes on 21st Aug’25. The price band is set between ₹ 237 & ₹ 255 with the lot size of 58 aggregating to minimum investment for retail investor to ₹ 13,746. For small HNI minimum investment is ₹ 2,07,060 and for Big HNI the amount aggregates to ₹ 10,05,720.
Patel Retail also exports products like pulses, spices, groceries to more than 35 countries. The company has multiple manufacturing, processing and packaging facilities in Maharashtra, Ambernath & Two production facility in Dudhai (Gujarat)
Core Offering & Store locations of Patel Retail Ltd
Founding Year : 2007–08.
Managing Director Mr. Dhanji Raghavji Patel
No. of Stores: It operates 43 stores across Thane and Raigad as of May 31, 2025, spanning approximately 1,78,946 sq. ft
Core Offerings: A variety of products across food, FMCG, general merchandise, apparel, plus private labels like Patel Fresh, Indian Chaska, Blue Nation, and Patel Essentials.
Patel Retail Ltd Financials (Consolidated Figures)
| Year (Approx Values) | Revenue (₹ Cr) | Profit After Tax (₹ Cr) | Assets (₹ Cr) | Borrowings (₹ Cr) | Net Worth (₹ Cr) |
| 2025 | 820 | 25.3 | 382.9 | 179.4 | 134.6 |
| 2024 | 814 | 22.5 | 333 | 185.8 | 94.5 |
| 2023 | 1018 | 16.4 | 303.1 | 182.8 | 71.8 |
Patel Retail IPO Strengths & Risks
Strengths:
> Strong understanding of product assortment, responds quickly to changing consumer tastes
> Strategic store acquisition & ownership model within proximity to its current location, thus sorting inventory & supply chain
> Robust logistics & distribution network
> Large procurement network of 1500+ farmers
> Credit Rating of Acuite BBB for long term banking facilities and Acuite A3+ for pre/post shipment credit
Risks:
> Concentrated in very limited regions.
> Reduction in revenue from non-retail business due to drop in exports & policy change by govt.
> Negative cash flow in FY’23 & FY’25.
> Large portion of revenue comes from exports, so any change in national/international policies could disrupt business.
> Debt of 179.93 Crore as of May 31, 2025.
Patel Retail Ltd : IPO date and invest detail
| IPO Open Date: | 19 August 2025 |
| IPO Close Date: | 21 August 2025 |
| Anchor Investor Bidding | 18 August 2025 |
| IPO Allotment Date: | 22 August 2025 |
| Refunds & Demat Credit | 25 August 2025 |
| Tentative Listing Date: | 26 August 2025 |
| IPO Category | Enterprise |
| Symbol | PATELRMART |
| Face Value: | Rs.10 per Equity Share |
| Issue Size: | ₹242.76 crore |
| Lot Size: | 58 shares per lot and multiples thereof |
Patel Retail Ltd Composition and Use of proceeds
| Fresh Issue: | 85,18,000 shares |
| Offer for Sale: | Upto 10,02,000 shares |
| Employee reservation | 51,000 shares (up to ₹1 crore) with ₹20 discount per share |
| Issue Type: | 100% Book Building |
| Price Range | Rs. 237 to Rs. 255 per share |
| Face Value: | ₹ 10 |
| Debt Repayment | ₹ 59 Crore |
| Working Capital | ₹ 115 Crore |
| Remaining | General corporate purpose |
| IPO Listing on: | NSE & BSE |
| Retail Quota: | ≥ 45% |
| QIB Quota: | ≤ 30% |
| NII Quota: | ≥ 25% |
| Application Type | Lot Size | No.of Lots | No. of Shares | Investment Amount |
| Retail(Min) | 58 | 1 | 58 | 14,790 |
| Retail (Max) | 58 | 13 | 754 | 1,92,270 |
| Small HNI (Min) | 58 | 14 | 812 | 2,07,060 |
| Small HNI (Max) | 58 | 67 | 3,886 | 9,90,930 |
| Big HNI (Min) | 58 | 68 | 3,944 | 10,05,720 |
Patel Retail Ltd IPO Grey Market Premium
| Date | IPO GMP | GMP Trend | Estimated listing | Estimated profit |
| 21-Aug | ₹ 50 | + Positive | ₹ 305 | ₹ 2,900 |
| 20-Aug | ₹ 50 | + Positive | ₹ 305 | ₹ 2,900 |
| 19-Aug | ₹ 38 | + Positive | ₹ 293 | ₹ 2,204 |
| 18-Aug | ₹ 36 | + Positive | ₹ 291 | ₹ 2,088 |
| 17-Aug | ₹ 36 | + Positive | ₹ 291 | ₹ 2,088 |
| 16-Aug | ₹ 35 | + Positive | ₹ 290 | ₹ 2,030 |
| 15-Aug | ₹ 34 | + Positive | ₹ 289 | ₹ 1,972 |
| 14-Aug | ₹ 34 | + Positive | ₹ 289 | ₹ 1,972 |
| 13-Aug | ₹ 34 | + Positive | ₹ 289 | ₹ 1,972 |
| 12-Aug | ₹ 30 | + Positive | ₹ 285 | ₹ 1,740 |
| 11-Aug | ₹ 26 | + Positive | ₹ 281 | ₹ 1,508 |
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