Patel Retail Limited, a Maharashtra-based supermarket operator, has launched its ₹243 crore IPO, comprising a fresh issue and an offer for sale. The issue opens for subscription on August 19, 2025, at a price band of ₹237 to ₹255 per share, and closes on August 21, 2025. Following allotment, the company’s shares are set to be listed on both the BSE and NSE on August 26, 2025.
Patel Retail IPO Day 2 Subscription Status
On the second day, Patel Retail IPO was subscribed 19.51 times overall. Non-institutional investors led with 26.09 times, including 34.11 times in the small NII category. Qualified institutional buyers subscribed 17.14 times, while retail investors and employees subscribed 16.60 times and 9.56 times, respectively.
| Investor Category | Subscription (x) |
|---|---|
| Qualified Institutional Buyers (QIB) | 17.14 |
| Non-Institutional Investors (NII) | 26.09 |
| bNII (above ₹10 lakh) | 22.09 |
| sNII (less than ₹10 lakh) | 34.11 |
| Retail Individual Investors (RII) | 16.60 |
| Employees | 9.56 |
| Total Subscriptions | 19.51 |
Total Applications: 10,77,268
Total Bid Amount (in ₹ crore): 3,889
Objective of the Patel Retail IPO
Patel Retail Limited intends to utilize the net proceeds from the IPO towards repayment or prepayment of certain outstanding borrowings, meeting its working capital requirements, and for general corporate purposes.
| Use of IPO Proceeds | Amount (₹ Cr) |
|---|---|
| Repayment/prepayment, in full or part, of certain borrowings availed of by the Company. | 59 |
| Funding of working capital requirements of the Company | 115 |
| General Corporate Purposes | – |
Patel Retail IPO GMP – Day 2 Update
The grey market premium (GMP) of Patel Retail IPO is ₹49, as on 5:00 PM August 20, 2025. The upper limit of the price band is ₹255, and the estimated listing price as per today’s GMP can be ₹304, giving a potential gain of around 19.22% per share.
| Date | GMP | Est. Listing Price | Gain |
|---|---|---|---|
| 20-08-2025 (DAY 2) | ₹49 | ₹304 | 19.22% |
Disclaimer: The above GMP (Grey Market Premium) is just unofficial market information, which is not officially confirmed. These figures are shared for informational purposes only and investment decisions based on these should be based on the investor’s own research and discretion. We do not conduct, recommend or support any kind of transaction in the grey market.
Patel Retail IPO – Key Details
| Particulars | Details |
|---|---|
| IPO Opening Date | August 19, 2025 |
| IPO Closing Date | August 21, 2025 |
| Issue Price Band | ₹237 to ₹255 per share |
| Total Issue Size | 95,20,000 shares(aggregating up to ₹242.76 Cr) |
| Listing Platform | BSE, NSE |
| Registrar | Bigshare Services Private Limited |
| Patel Retail IPO RHP | Click Here |
Important Dates for Patel Retail IPO Allotment
| Event | Date |
|---|---|
| Tentative Allotment | August 22, 2025 |
| Refunds Initiation | August 25, 2025 |
| Credit of Shares to Demat | August 25, 2025 |
| Listing Date | August 26, 2025 |
Patel Retail Overview
Patel Retail Limited is a value-focused supermarket chain operating under the brand “Patel’s R Mart,” primarily in tier-III cities and suburban areas of Maharashtra. Incorporated in 2008, the company manages 43 stores with a retail area of about 1.79 lakh sq. ft., offering over 10,000 SKUs across food, FMCG, general merchandise, and apparel. It has also developed private label brands such as Patel Fresh, Indian Chaska, Blue Nation, and Patel Essentials. Through backward integration, Patel Retail operates modern processing and agri-processing facilities in Maharashtra and Gujarat, supporting retail, exports to over 35 countries, and bulk agri-commodity trading.
Read Also: Patel Retail IPO Day 1: Check GMP, Subscription Status & Key Highlights
Easy Steps to Apply for Patel Retail IPO via Pocketful
Step 1 : Install the Pocketful Application from Play Store or App Store
Step 2 : Sign up and complete your KYC requirements
Step 3 : Go to the IPO section from the home page
Step 4 : Look for “Patel Retail” in the list
Step 5 : Tap on Apply and enter your bid details
Frequently Asked Questions (FAQs)
What is the opening and closing date of Patel Retail IPO?
Patel Retail IPO is open on 19 August 2025 and will close on 21 August 2025.
What is the price band of the Patel Retail IPO?
Its price band is fixed from ₹237 to ₹255 per share.
What is the GMP (Grey Market Premium) of Patel Retail IPO today?
The GMP on 20 August 2025 is ₹49, which leads to a possible listing price of ₹304.
What is the total issue size of Patel Retail IPO?
The total issue size of the Patel Retail IPO is ₹242.76 crore, consisting of 217.21 crore of fresh issue and 25.55 crore of offer for sale.
What is the expected listing date of Patel Retail?
This IPO is expected to be listed on BSE and NSE on August 26, 2025.
