Patel Retail IPO: Check IPO Date, Live Subscription and Key Details
Patel Retail is engaged in the retailing of consumer goods, offering a diverse portfolio of products across multiple categories, including groceries, household essentials, packaged foods, personal care items, and general merchandise. The company operates through a network of physical stores and distribution channels, leveraging an efficient supply chain and technology-driven operations. The company focuses on delivering value through competitive pricing, quality assurance, and customer-centric service. Patel Retail's non-retail segment (manufacturing, processing, and trading of private label goods) contributes significantly to its revenue.
Price Range
₹237.00-255.00
Issue Size
241.46
Lot Size
58 shares
IPO Type
Mainboard
GMP
₹50(+19.61%)
Est. Listing Price
₹305
Invisible
-
Invisible
-
Key Metrics
Check Live GMP
Face Value
₹10
EPS
7.57
P/E Ratio
33.69
RoNW
19.02%
ROE
19.02%
Debt to Equity
1.34
Timeline
IPO Opens
19 Aug
IPO Closes
21 Aug
Allotment
22 Aug
Listing
26 Aug
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 19 August 2025 | Subscription starts |
| IPO Close Date | 21 August 2025 | Subscription ends |
| Allotment Date | 22 August 2025 | Allotment |
| Listing Date | 26 August 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,790 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,92,270 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,07,060 |
SHNI (Max)Below ₹10,00,000 | 67 | ₹9,90,930 |
BHNIAbove ₹10,00,000 | 68 | ₹10,05,720 |
IPO Objectives
- Repayment/prepayment, in full or part, of certain borrowings availed of by the Company.
- Funding of working capital requirements of the Company.
- General corporate purposes.
Strengths
- The company has a strong grasp of inventory management, using technology to keep operations efficient and costs low.
- It's successfully expanding with a cluster-based approach, having already opened 43 stores in key districts of Maharashtra.
- The business has a solid in-house logistics network with its own fleet of 18 trucks, which ensures a reliable and efficient supply chain.
- It has a diversified product portfolio that caters to the daily needs of customers, including groceries, household essentials, and its own private-label products.
- The company has shown consistent financial performance with both revenue and profit growth, proving its stability in a competitive market.
Weaknesses
- The company has a high geographical concentration, with most of its stores located in just two districts of Maharashtra, making it vulnerable to regional economic issues.
- There was a decline in revenue from FY23 to FY24, which raises concerns about the company's ability to consistently grow its top line.
- It has a high debt-to-equity ratio of 1.34, which indicates the company has significant financial leverage and may be at a higher risk.
- The business is very dependent on working capital to fund its daily operations and inventory, with a large part of the IPO funds being used for this purpose.
- The company faces intense competition from both large national players and smaller local retailers, which can lead to pricing pressures and a fight for market share.
Financial Performance
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets (₹ Cr.) | 382.86 | 333.02 | 303.12 |
| Revenue (₹ Cr.) | 825.99 | 817.71 | 1,019.8 |
| PAT (₹ Cr.) | 25.28 | 22.53 | 16.38 |
| Net Worth (₹ Cr.) | 134.57 | 94.4 | 71.87 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Patel Retail | 4.72 | 33.69 | 19.02% | 134.57 |
| Vishal Mega Mart | 10.6 | 99.36 | 9.87% | 5,622 |
| Avenue Supermarts | 13.87 | 109.77 | 12.64% | 21,427 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 9.86x | 17.14x | 272.14x |
| NII | 7.4x | 26.09x | 108.11x |
| S-HNI | 7.51x | 34.11x | 120.17x |
| B-HNI | 7.35x | 22.09x | 102.09x |
| RII | 4.96x | 16.6x | 42.55x |
| EMP | 3.26x | 9.56x | 25.29x |
| Total | 6.4x | 19.51x | 95.69x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 11,37,512 | 30,95,62,472 | 7,893.84 |
| NII | 23,68,250 | 25,60,36,824 | 6,528.94 |
| Small NII | 7,89,101 | 9,48,23,272 | 2,417.99 |
| Big NII | 15,79,149 | 16,12,13,552 | 4,110.95 |
| RII | 42,62,850 | 18,13,69,538 | 4,624.92 |
| EMP | 51,000 | 12,89,746 | 32.89 |
| Total | 78,19,612 | 74,82,58,580 | 19,080.59 |
Company Details
- Patel Retail Ltd.
- Plot No. M-2, Anand Nagar, Additional MIDC, Ambernath (East)- 421506, Ambernath, Maharashtra, India
- +91 7391043825
- cs@patelrpl.net
- https://patelrpl.in/
Registrar Details
- Bigshare Services Pvt.Ltd.
- +91-22-6263 8200
- ipo@bigshareonline.com
- https://ipo.bigshareonline.com/IPO_Status.html