Patel Retail came to market through an IPO that opened on 19 August 2025 and closed on 21 August 2025, and the shares listed on 26 August 2025 on BSE, NSE. The price band was ₹237 to ₹255 per share and one lot was 58 shares, so the minimum application was ₹14,790. The issue size was ₹242.76 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
Bigshare Services Pvt Ltd was the registrar to the issue, and Fedex Securities Pvt Ltd was the lead manager.
As of 21 August 2025.
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Patel Retail Limited, established in 2008, is a leading retail supermarket chain primarily serving tier-III cities and suburban areas, particularly in Maharashtra's Thane and Raigad districts. With a focus on value retail, the company operates thirty-one stores spanning approximately 1,26,000 sq. ft. As part of its strategy to enhance margins and brand visibility, Patel's R Mart has introduced private label products like Patel Fresh pulses and Indian Chaska spices, sourced and packaged at their processing facility in Ambernath, Maharashtra.
As described in the offer document.
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Patel Retail IPO: Anchor investors buy Rs 43.5 crore worth shares. Institutional inveinvestorSociete Generale, Goldman Sachs, Nippon India, SageOne, Nuvama, and Niveshaaysanakya Opportunities Fund, Saint Capital Fund, and Pine Oak Global Fund anchored the book.
Dhanji Raghavji Patel, Bechar Raghavji Patel, Hiren Bechar Patel, Rahul Dhanji Patel. Promoter holding 97.99% before the issue and 70.01% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Patel Retail IPO was a ₹242.76 crore book-built issue, comprising a fresh issue of ₹215.91 crore and an offer for sale of ₹25.55 crore. It was priced at ₹237–₹255 per share with a lot size of 58 shares (₹14,790). The IPO was open from August 19 to August 21, 2025 and was subscribed 95.7x. Shares listed on BSE and NSE on August 26, 2025 at ₹300, a 17.6% premium to the issue price of ₹255.
Bigshare Services Pvt Ltd is the registrar. Fedex Securities Pvt Ltd is the book running lead manager.
The price band of Patel Retail IPO is ₹237 to ₹255 per share.
The lot size of Patel Retail IPO is 58 shares.
The minimum investment for Patel Retail IPO is approximately ₹14,790 based on the upper price band.
The allotment date of Patel Retail IPO is Aug 22, 2025.
Patel Retail IPO's final recorded GMP before listing was ₹50 per share (a 20% premium over the ₹255 upper price band). The shares listed at ₹300. GMP is unofficial and does not forecast or guarantee the actual listing price.
Patel Retail IPO listed on Aug 26, 2025. It was issued at ₹300.0(NSE) and is currently around ₹242.90 as on 2-Nov-2026 3:30 PM, which is approximately -4.7% versus issue price. The 52-week high is ₹266.00.
You can check Patel Retail IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Patel Retail IPO allotment status on Rupix for quick and easy access.
₹237 to ₹255 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 58 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,790.
₹14,790, for one lot of 58 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 19 August 2025 and closed on 21 August 2025.
The basis of allotment was published on 22 August 2025 by Bigshare Services Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 26 August 2025 on BSE, NSE.
The issue size was ₹242.76 crore. The fresh issue was 84,67,000 shares (aggregating up to ₹215.91 crore). The offer for sale was 10,02,000 shares (aggregating up to ₹25.55 crore).