Patel Retail Makes Stellar Market Debut; Lists Nearly at 20% Premium Over Issue Price

Retail supermarket chain operator Patel Retail has a stellar debut on the stock exchanges today, with its shares listing at a robust 19.6% premium over the IPO price.

On the Bombay Stock Exchange (BSE), shares opened at ₹305, while on the National Stock Exchange (NSE), they debuted at ₹300, from the issue price of ₹255 per share. 

Patel Retail IPO Details

The ₹242.76 crore Patel Retail IPO was open for bidding from August 19, 2025, to August 21, 2025, during which the IPO was oversubscribed a whopping 95.7 times. Qualified Institutional Buyers (QIBs) subscribed 272.43 times, followed by non-Institutional Investors (NIIs) at 108.18 times, and retail Individual Investors (RIIs) at 42.49 times. 

The price band was set between ₹237 and ₹255 per share. The book-running lead manager for the IPO was Fedex Securities Private Limited, while Bigshare Services Private Limited is the registrar for the issue.

The net proceeds from the fresh issue will be used to fund working capital requirements, repay/prepay Patel Retail’s outstanding borrowings, and cover general corporate purposes. 

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About Patel Retail

Patel Retail operates a retail supermarket chain network in tier-III towns and adjoining suburban regions. Established in 2008, Patel Retail began with a single store in Ambernath, Maharashtra, and has since expanded to 43 stores, covering around 1.79 lakh sq. ft. as of May 31, 2025. Their product offerings include food and groceries, fast-moving consumer goods (FMCG), general merchandise, and apparel.

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