Patel Retail IPO Day 1: Check GMP, Subscription Status & Key Highlights
The ₹242.76 crore Patel Retail IPO is open today, August 19, 2025. The bidding window is scheduled to close on August 21, 2025. The company had raised ₹582 crore from its anchor investors on August 28, 2025.
Patel Retail IPO: Issue Details
Patel Retail IPO is a book-building issue of ₹242.76 crores, consisting of a fresh issue of ₹217.21 crores and an offer for sale of ₹25.55 crores. The price band is set between ₹237 and ₹255 per share. The basis of allotment will be finalised by August 22, 2025, and the tentative listing date on BSE and NSE is August 26, 2025.
Patel Retail IPO Day 1 Subscription Status
[19-August-2025, 5:00:00 PM]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
9.87 |
|
Non-Institutional Investors |
7.24 |
|
Retail Individual Investors (RIIs) |
4.89 |
|
Employees |
3.24 |
|
Total |
6.32 |
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Utilisation of IPO Proceeds
The net proceeds from the fresh will be used towards:
- Repayment/prepayment of the company’s outstanding borrowings
- Funding working capital requirements
- General corporate purposes
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Patel Retail IPO GMP Details
As of 19 August 2025, Patel Retail IPO’s GMP stood at ₹45. The estimated listing price is ₹300, i.e., a 17.65% gain per share over the upper price band.
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Source: Business Standard Report dated 19 August, 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market. |
Patel Retail Business Overview
Patel Retail operates a wide network of retail supermarket chains operating in tier-III cities and nearby suburban areas with a focus on “value retail”, offering food, non-food (FMCG), general merchandise and apparel.
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