Patel Retail IPO is open for investors to subscribe from August 19 onwards. The issue will close on August 21. The company has kept the IPO price band between Rs 237 – 255 per equity share.
On the first day, the issue has been booked a total of 2.94 times so far, as of 13:03 pm. The retail portion was booked 2x, while the employee section was booked 1.40 times. The Qualified Institutional Buyers (QIB) category saw strong buying, excluding anchor investors, which was booked 6.85 times, the highest till now.
Patel Retail IPO GMP
The stock of Patel Retail was fetching a grey market premium of 18.56% to its issue price, trading at Rs 301.
The grey market is an unauthorised place where shares change hands illegally ahead of IPO listing.
Patel Retail IPO size
Patel Retail plans to mop up a total of Rs 242.76 crore from the primary markets. The issue is a combination of fresh issue of 0.85 crore shares aggregating to Rs 217.21 crore and an offer for sale of 0.10 crore shares amounting to Rs 25.55 crore.
Patel Retail IPO allotment and listing
The allotment for the Patel Retail IPO is expected to be finalised on August 22. The listing of shares on the exchanges, NSE and BSE, is likely to be on August 26, as per the tentative schedule.
Patel Retail IPO lot size
The lot size for a retail application is 58, which amounts to Rs 13,746 on the upper end of the price band. The lot size investment for a small NII is 14 lots of 812 shares, totalling Rs 2 lakh, and for a big NII, it is 68 lots of 3,944 shares, aggregating to Rs 10 lakh.
Patel Retail IPO employee reservation
Patel Retail IPO includes a reservation of up to 51,000 shares for employees, which the company offers at a discount of Rs 20 to the issue price.
About Patel Retail
Patel Retail is engaged in the business of a retail supermarket chain that operates primarily in tier-III cities and nearby suburban areas. The stores offer a wide range of products, including food, non-food (FMCG), general merchandise, and apparel.
The company opened its first store under the brand name “Patel’s R Mart” in Ambernath, Maharashtra. As of May 2025, the company operated 43 stores across the suburban areas of Thane and Raigad districts in Maharashtra.
Book manager and registrar
Fedex Securities Pvt. Ltd. is the book-running lead manager of the IPO, while Bigshare Services Pvt. Ltd. is working as the registrar for the issue.