August 13, 2025
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Patel Retail IPO, comprising 0.95 crore shares through the bookbuilding process, includes a fresh issue of 0.85 crore shares and an offer for sale of 0.10 crore shares. The issue opens on August 19, 2025, and closes on August 21, 2025, with allotment expected on August 22, 2025. The shares will be listed on BSE and NSE, tentatively on August 26, 2025. The shares are offered in the price band of Rs 237 to Rs. 255 and lot size is 58 shares. Fedex Securities Pvt Ltd is the BRLM, and Bigshare Services Pvt Ltd is the registrar.
Table of Contents
Latest IPO updates
What are the promoters of Patel Retail IPO?
Dhanji Raghavji Patel, Bechar Raghavji Patel, Hiren Bechar Patel and Rahul Dhanji Patel are the company promoters.
The promoters hold 97.99% shares in the post IPO capital of the company.
What are the Objects of Patel Retail IPO?
The Offer comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholders.
The net proceeds of the Offer are proposed to be utilised in the following manner:
Repayment/prepayment, in full or part, of certain borrowings availed of by the Company. Rs. 59 Crore
Funding of working capital requirements of the Company. Rs. 115 Crore
General Corporate Purposes
What is the business of Patel Retail?
Patel Retail IPO Details
| IPO opens on | 19 August, 2025 |
| IPO closes on | 21 August, 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 95,20,000 Shares / Rs 242.76 Crore |
| * Fresh Issue | Rs 215.91 Crore |
| * Offer for Sale | Rs 25.55 Crore |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. 237-255 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. – per share |
| Retail Lot Size | 58 Shares |
| Listing will at | BSE, NSE |
How are the shares offered?
| Investor Category | Shares Offered |
| QIB | Not more than 30% of the Net Offer |
| Retail | Not less than 25% of the Net Offer |
| NII | Not less than 45% of the Net Offer |
How can the shares be applied?
| Application | Lots | Shares | Amount Rs. |
| 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 Timetable
| IPO opens on | 19 August 2025 |
| IPO Closes on | 21 August 2025 |
| IPO Allotment on | 22 August 2025 |
| Unblocking of Asba | 25 August 2025 |
| Credit of Shares | 25 Augut 2025 |
| Listing of Shares | 26 August 2025 |
| Registered Office of the company Patel Retail Ltd. Plot No. M-2, Anand Nagar, Additional MIDC, Ambernath (East)- 421506, Ambernath, Maharashtra, India Ambarnath, Maharashtra, 421506 |
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| Who are the Lead Managers of All Time Plastics IPO? Fedex Securities Pvt ltd |
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| Registrar to IPO | |
| Bigshare Services Pvt Limited |
Patel Retail Financial Snpshot
| Period Ended | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
| Assets | 382.86 | 333.02 | 303.12 |
| Total Income | 825.99 | 817.71 | 1,019.80 |
| Profit After Tax | 25.28 | 22.53 | 16.38 |
| EBITDA | 62.43 | 55.84 | 43.24 |
| Net Worth | 134.57 | 94.4 | 71.87 |
| Total Borrowing | 180.54 | 185.75 | 182.81 |
| Amount in Rs. Crore | |||
Key Performance Indicators
| KPI | Values |
| ROE | 19.02% |
| ROCE | 14.43% |
| Debt/Equity | 1.34 |
| RoNW | 19.02% |
| PAT Margin | 3.08% |
| EBITDA Margin | 7.61% |
| EPS | 7.57 |
| PE Ratio | 33.69 |
How Patel Retail IPO compares with the Peers?
Peer Comparison.
| Company Name | P/E (x) | RoNW (%) |
| Patel Retail | 33.69 | 19.02 |
| Vishal Mega Mart | 104.73 | 9.87 |
| Avenue Supermarts | 102.33 | 12.64 |
| Spencers Retail | -37.24 | |
| Osia Hyper Retail | 8.73 | 4.97 |
| Aditya Consumer Marketing | -18.51 | |
| Sheetal Universal | 15.58 | 21.44 |
| Kovilpatti Lakshmi Roller Flour Mills | 101.61 | 1.72 |
| KN Agri Resources | 17.01 | 10.5 |
| Madhusudhan Masala Limite | 12.92 | 16.04 |
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Patel Retail IPO Review by Paresh Gordhandas, CA & Research Analyst
Patel Retail Limited, incorporated in 2008, operates a retail supermarket chain primarily in tier-III cities and suburban areas of Maharashtra. The company runs 43 stores under the brand name “Patel’s R Mart” and offers a wide range of FMCG, food, apparel, and general merchandise. It has also launched private label products like “Patel Fresh,” “Indian Chaska,” “Blue Nation,” and “Patel Essentials.”
The company benefits from a strong presence in suburban markets, a wide product range, and an expanding portfolio of private label brands that enhance margins. Its three facilities support processing, quality checks, and packaging, ensuring better supply chain control. Patel Retail also has strong brand recall in its operational regions.
The company faces competition from national and regional retail chains. Any disruptions in supply chain or change in consumer preferences could impact growth. Operating in limited geographies may pose scalability challenges, and reliance on private labels requires consistent quality control.
The Patel Retail IPO has price band ofRs. 237-255 and the lot size is 58 shares.
Investment decisions should be based on factors such as company growth potential, valuation, industry outlook, and personal risk appetite. Patel Retail’s strong regional presence and private label strategy are positives, but investors must evaluate the IPO pricing and competitive risks before applying.
