Patel Retail's ₹243 crore IPO fully subscribed on opening day: 10 key points to consider

Patel Retail IPO: Retail supermarket chain Patel Retail's issue was fully subscribed within hours of opening for subscription on Tuesday, August 19. The price band has been set at ₹237 to ₹255 per share. The company's shares will hit the secondary market on August 26.

It has secured bids for 80,68,902 shares compared to 78,15,612 shares on offer, translating to 1.03 times subscription, according to the NSE data until 11:30 am.

Patel Retail IPO: 10 key points to know

• Patel Retail IPO subscription period: The initial share sale opened for subscription on Tuesday, August 19, 2025, and will close on Thursday, August 21, 2025.
• IPO offer structure: The ₹242.76 crore initial public offering is a book-building issue, comprising a fresh issuance of ₹217.21 crore and an offer for sale of ₹25.55 crore.
• Patel Retail IPO price band: The price range has been set between ₹237 and ₹255 per equity share.
• Reservation: The company has reserved 30% of the net offer for qualified institutional buyers, 45% for retail investors and 25% for non-institutional investors.
• Patel Retail IPO lot size: Investors can apply for a minimum of 58 shares.
• Objectives: The money raised will be utilised for general corporate purposes, working capital requirements and debt repayment.
• Book-running lead manager and registrar: Fedex Securities Pvt Ltd is the issue's merchant banker, while Bigshare Services is the registrar.
• Patel Retail IPO allotment date: The basis of allotment is likely to be finalised on August 22.
• Listing date: Shares of Patel Retail IPO will hit BSE and NSE on August 26.
• Promoter holding: The company's promoters Dhanji Raghavji Patel, Hiren Bechar Patel, Bechar Raghavji Patel and Rahul Dhanji Patel presently hold a 97.99% stake, which will be reduced to 70.01% post-issue.

Patel Retail IPO: A look at financials

Patel Retail IPO GMP