Patel Retail IPO Day 2: Check GMP, Subscription Status & Key Highlights
Today is Day 2 of the Patel Retail IPO, which opened yesterday, 19 August 2025. On day 1, the IPO received. The bidding window is scheduled to close on Aug 21, 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 is August 26, 2025.
The book running lead manager for the IPO is Fedex Securities Private Limited, while Bigshare Services Private Limited is the registrar for the issue.
Patel Retail IPO Day 2 Subscription Status
[20-August-2025 5:00:00 PM]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
17.16 |
|
Non-Institutional Investors |
26.10 |
|
Retail Individual Investors (RIIs) |
16.55 |
|
Employees |
9.56 |
|
Total |
19.48 |
Check out newly Listed IPOs on BSE and NSE.
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 |
Read More : Patel Retail IPO Day 1 Subscription Status
Utilisation of IPO Proceeds
The company will not receive any proceeds from the OFS component and will directly go to the selling shareholders.
The net proceeds from the fresh issue will be used towards the following objectives:
- Fund working capital requirements
- Repay/prepay company’s outstanding borrowings
- General corporate purposes
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Patel Retail IPO GMP Details
As of 20 August 2025, Patel Retail's IPO's GMP stood at ₹49. The estimated listing price is ₹304, i.e., a 19.22% gain per share over the upper price band.
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Source: Business Standard Report dated 20 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 as a retail supermarket chain network comprising 43 operational stores with a strong presence in tier-III towns and adjoining suburban regions. Their product portfolio spans across food and grocery, fast-moving consumer goods (FMCG), general merchandise, and apparel, catering to the everyday needs of families.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
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