Patel Retail IPO
Patel Retail Limited, a retail supermarket chain operating primarily in tier-III cities of Maharashtra, has announced the dates for its upcoming initial public offering (IPO). The public issue will open for subscription on Tuesday, August 19, 2025, and close on Thursday, August 21, 2025.
Patel Retail IPO Structure and Details
Patel Retail IPO is a book-building issue of equity shares. It comprises a fresh issue and an offer for sale (OFS) by existing shareholders. The company has also reserved shares for its employees. The net issue to the public will comprise 94,69,000 shares.(As per Chittorgarh.com data)
The face value of each share is ₹10. The issue price band and lot size for Patel Retail IPO are yet to be announced. The shares are proposed to be listed on both the BSE and the National Stock Exchange (NSE).
As per the tentative timeline, the basis of allotment is expected to be finalised by Friday, August 22, 2025, and the likely listing date is Tuesday, August 26, 2025. FedEx Securities Private Limited is the book-running lead manager to the issue, and Bigshare Services Private Limited will act as the registrar.
Company Overview and Operations
Incorporated in 2008, Patel Retail operates a chain of 43 supermarkets under the brand name “Patels R Mart”. The company is focused on the suburban areas of Thane and Raigad districts of Maharashtra, with a total retail area of approximately 1,78,946 sq ft as of May 31, 2025. These stores offer a diverse product mix including food, fast-moving consumer goods (FMCG), general merchandise and apparel.
To increase margins, the company has introduced several private label brands, such as “Patel Fresh” for staples, “Indian Chaska” for spices and snacks, “Blue Nation” for men’s apparel, and “Patel Essentials” for home improvement items.
Financial Performance
A review of the company’s restated financial information shows a steady increase in profitability. For the financial year ending March 31, 2025, Patel Retail reported a profit after tax (PAT) of ₹25.28 crore, up 12% from the previous year’s PAT of ₹22.53 crore. The profit after tax (PAT) for the year ending March 31, 2023 was ₹16.38 crore.
Total income for FY 2025 stood at ₹825.99 crore, slightly higher than ₹817.71 crore for FY 2024. The company’s total assets increased to ₹382.86 crore as on March 31, 2025, up from ₹333.02 crore in the previous year. Total borrowings have declined marginally to ₹180.54 crore in FY25 from ₹185.75 crore in FY24.
Patel Retail IPO Share Allotment Quota
The IPO has a defined reservation structure for different investor categories:
* Qualified Institutional Buyers (QIBs): Not more than 30% of the net offer.
* Non-Institutional Investors (NIIs): Not less than 25% of the net offer.
* Retail Individual Investors (RIIs): Not less than 45% of the net offer.
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Source: Chittorgarh.com, Moneycontrol, Sebi