Patel Retail IPO – Dates, Price Band, GMP, Subscription & Should You Apply?
Patel Retail IPO has created a big buzz in the market with overwhelming investor interest and a strong grey market premium (GMP). In this post, we’ll break down all key details — price band, dates, GMP, subscription levels, company background, and whether it makes sense to subscribe.
Table of Contents
- IPO Overview
- About Patel Retail
- Financial Snapshot
- IPO Use of Funds
- Grey Market Premium (GMP)
- Subscription Status
- Allotment & Listing
- Should You Apply?
- FAQs – Patel Retail IPO
IPO Overview
| Issue Size | ₹242.76 Cr |
|---|---|
| Price Band | ₹237 – ₹255 per share |
| Lot Size | 58 shares |
| Min Investment | ₹13,746 per lot |
| Open Date | 19 August 2025 |
| Close Date | 21 August 2025 |
| Listing Date (Tentative) | 26 August 2025 |
| Registrar | Bigshare Services Pvt Ltd |
About Patel Retail
Patel Retail is a supermarket chain operator focusing on "value retail" in tier-III cities and surrounding suburbs like Thane and Raigad in Maharashtra. Founded in 2008, it runs 43 stores with nearly 1.79 lakh sq. ft. retail space as of May 2025. The company offers food, FMCG, apparel, general merchandise, and private labels such as Patel Fresh, Indian Chaska, and Blue Nation. It also exports select products to 35+ countries.
Financial Snapshot (FY24–25)
- Revenue: ₹820.7 Cr (FY25) vs ₹814.2 Cr (FY24)
- PAT: ₹25.3 Cr vs ₹22.5 Cr
- EBITDA: ₹57.1 Cr with improved margins
- Debt-equity ratio improved to 1.3x from 2.0x
IPO – Use of Proceeds
The funds raised will help in:
- Repayment or prepayment of borrowings
- Working capital needs
- General corporate purposes
Grey Market Premium (GMP) Update
GMP has been strong, rising from ~₹20 (≈8%) pre-strike to ₹50 on the final day — signaling a potential ~20%+ listing gain. This shows high investor excitement.
Subscription Status
- Day 1: 6.39× overall (QIB 9.88×, NII 7.40×, Retail 4.94×)
- Day 2: ~19.5× total; Retail 16.58×, NII 26.11×, QIB 17.16×
- Day 3 (Final): 85.63x subscribed
Allotment & Listing
- Allotment likely on 25 August 2025
- Share credit expected around 26 August 2025
- Listing expected on both NSE & BSE on 26 August 2025
Should You Apply?
Why you might apply:
- Strong GMP (~₹50) suggests listing bump
- Subscription levels are very high — investors are confident
- Valuation (P/E ≈34 at upper band) is cheaper compared to listed peers like Avenue Supermarts, Vishal Mega Mart (P/E >100)
Risks to keep in mind:
- Regional concentration in Maharashtra
- Working capital intensive model
- Valuation still on the higher side if things change
Overall, for short-term gain seekers, this IPO looks promising. Long-term investors should watch company execution and regional expansion plans.
FAQs – Patel Retail IPO
- What’s the price band?
₹237–₹255 per share. - When is the IPO open for subscription?
19–21 August 2025. - What is the lot size?
58 shares (min ₹13,746). - What’s the GMP today?
Around ₹50 (≈20%). - How many times was the IPO subscribed?
Final subscription was ~24× overall. - Where will it list?
On NSE & BSE, likely on 26 August 2025. - Who is the registrar?
Bigshare Services Pvt Ltd. - How is the valuation?
P/E ≈34 at upper price band — more affordable than peers.
Disclaimer:
This article is for informational purposes only. Please do your own research or consult a financial advisor before investing. IPO investments involve market risks.
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