Patel Retail IPO
Patel Retail Limited · Retail
- Price band
- ₹237–255per share
- Issue size
- ₹242.66 Cr95,20,000 shares
- Face value
- ₹10per equity share
- Lot size
- 58 sharesMin. ₹14,790 at the upper price
- Anchor biddingMon, 2025
- OpensTue, 2025
- ClosesThu, 2025
- AllotmentFri, 2025
- ListingTue, 2025
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue and offer for sale
- Fresh issue
- 85,18,000 shares (₹217.11 Cr)
- Offer for sale
- 10,02,000 shares (₹25.55 Cr)
- Total issue
- 95,20,000 shares (₹242.66 Cr)
- Face value
- ₹10
- Listing at
- NSE, BSE
- Promoter holding
- 89.37% → 63.59%
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail50.8%
- Anchor20.3%
- Small NII18.8%
- Big NII9.4%
- Employees0.6%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 42,61,050 | 50.83% | 45% |
| Non-institutional investors (NII) | 23,67,250 | 28.24% | 25% |
| Small NII (₹2–10 lakh) | 15,78,167 | 18.82% | — |
| Big NII (above ₹10 lakh) | 7,89,083 | 9.41% | — |
| Qualified institutional buyers (QIB) | 28,40,700 | 33.88% | 30% |
| Anchor investors | 17,04,388 | 20.33% | — |
| Employees | 51,000 | 0.61% | — |
Source: ProspectusUpdated
Special quotas
- Employees
- ₹20 discount per share
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once it is added from a licensed data source.
Valuation
FY 2024-25- EPS (basic)
- ₹10.3
- EPS (diluted)
- ₹10.3
- P/E (FY 2024-25 at cap price)
- 24.76×
- RoNW
- 19.02%
- NAV per share
- ₹54.08
- Debt to equity
- 1.34
Source: ProspectusUpdated
Financials
Standalone, restated · ₹ crore| Period ended | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 | 31 Mar 2023FY 2022-23 |
|---|---|---|---|
| Revenue from operations | 820.69 | 814.19 | 1,018.55 |
| EBITDA | 62.43 | 55.84 | 43.24 |
| Profit after tax | 25.28 | 22.53 | 16.38 |
| Net worth | 134.57 | 94.40 | 71.87 |
| Total borrowing | 180.54 | 185.75 | 182.81 |
FY 2024-25 vs FY 2023-24: revenue +0.8%, profit after tax +12.2%.
Source: ProspectusUpdated
About the company
Operates a value-focused supermarket chain in Maharashtra's MMR region, mainly in Thane and Raigad districts, selling food, FMCG, general merchandise and apparel. It also runs food processing and trading operations, including exports to multiple countries.
- Incorporated
- 2007
- Sector
- Retail
- CIN
- U52100MH2007PLC171625
- Website
- www.patelrpl.in
Source: ProspectusUpdated
Promoters and shareholders
| Name | Before issue | After issue | Shares offered |
|---|---|---|---|
| Dhanji Raghavji Patel | 65.45% | 46.46% | 7,68,000 |
| Bechar Raghavji Patel | 18.78% | 13.29% | 2,34,000 |
| Hiren Bechar Patel | 2.57% | 1.92% | — |
| Rahul Dhanji Patel | 2.57% | 1.92% | — |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Repayment or prepayment of certain borrowings | 59.00 |
| Funding working capital requirements | 109.00 |
| General corporate purposes | 22.48 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Vishal Mega Mart Limited | ₹1.4 | 107.26× | 9.87% | ₹13.92 |
| Avenue Supermarts Limited | ₹41.61 | 113.86× | 12.64% | ₹329.27 |
| Spencers Retail Limited | -₹27.33 | — | -37.24% | -₹73.4 |
| Osia Hyper Retail Limited | ₹1.46 | 8.96× | 4.97% | ₹23.85 |
| Aditya Consumer Marketing Limited | -₹2.62 | — | -18.51% | ₹14.14 |
| Sheetal Universal Limited | ₹8.12 | 16.27× | 21.44% | ₹38.27 |
| Kovilpatti Lakshmi Roller Flour Mills Limited | ₹1.27 | 107.40× | 1.72% | ₹73.92 |
| KN Agri Resources Limited | ₹14.76 | 16.40× | 10.50% | ₹140.6 |
| Madhusudhan Masala Limited | ₹10.93 | 12.72× | 16.04% | ₹64.73 |
| Patel Retail LimitedIssuer | ₹10.3 | 24.76× | 19.02% | ₹54.08 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Established supermarket network of 43 stores concentrated in Thane and Raigad districts of Maharashtra.
- Private label brands and a value-retail focus across food, FMCG and apparel.
- Own processing facilities and an agri-cluster in Kutch, Gujarat supporting backward integration.
- Exports to over 35 countries across its trading and processing businesses.
- Revenue and profit have grown over the reported period, with profit after tax rising in each year shown.
Risks
- Retail revenue is heavily concentrated in Maharashtra, particularly Thane and Raigad districts.
- Revenue has been volatile, with a sharp decline in FY 2023-24 and a shift in mix from trading to retail.
- Significant borrowings and high debt-equity levels relative to net worth.
- Use of proceeds is based on management estimates and has not been appraised by an independent agency.
- Export revenue has fallen sharply as a share of total revenue over the reported years.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (set at allotment) appear here after the shares list on NSE and BSE.
Frequently asked questions
When does the Patel Retail IPO open and close?
According to the Prospectus, the issue opens on Tuesday, 19 August 2025 and closes on Thursday, 21 August 2025.
What is the Patel Retail IPO price band?
The price band is ₹237–255 per share, with a face value of ₹10.
What is the lot size of the Patel Retail IPO?
One lot is 58 shares, which is ₹14,790 at ₹255 per share.
Where will Patel Retail shares list?
On NSE and BSE. The tentative listing date is Tuesday, 26 August 2025.
Who is the registrar of the issue?
Bigshare Services Private Limited (SEBI registration INR000001385). Allotment status is checked on the registrar's website.
How will the money raised be used?
₹59 Cr for repayment or prepayment of certain borrowings, ₹109 Cr for funding working capital requirements, ₹22.48 Cr for general corporate purposes.