Patel Retail IPO Day 3: Check GMP, Subscription Status & Key Highlights
The bidding window for the ₹242.76 crore Patel Retail IPO will conclude today. The IPO has received a strong response from all the investor categories and got subscribed 19.48 times till the end of Day 2.
Patel Retail IPO: Issue Details
- Issue Size: 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
- Price Band: The price band is set between ₹237 and ₹255 per share.
- Book-running lead managers: Fedex Securities Private Limited
- Registrar: Bigshare Services Private Limited
- Listing: The shares are proposed to be listed on the NSE and the BSE on August 26.
Check out newly Listed IPOs on BSE and NSE.
Patel Retail IPO Day 3: Subscription Details
[21-August-2025 5:00:00 PM]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
272.43 |
|
Non-Institutional Investors |
108.16 |
|
Retail Individual Investors (RIIs) |
42.44 |
|
Employees |
25.29 |
|
Total |
95.67 |
Alos Read : Patel Retail IPO Day 1: Subscription Status, Patel Retail IPO Day 2: Subscription Status
Utilisation of IPO Proceeds
The company aims to use the net proceeds from the fresh issue towards the following objectives.
- Fund working capital requirements
- Repay/prepay company’s outstanding borrowings
- General corporate purposes
Explore other Upcoming IPOs on BSE and NSE.
Patel Retail IPO GMP Details
As of 21 August 2025, Patel Retail IPO's GMP stood at ₹50. The estimated listing price is ₹305, i.e., a 19.61% gain per share over the upper price band.
Source: Business Standard Report dated 21 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. |
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