Patel Retail IPO allotment: How to check status online on NSE, BSE, Bigshare Services; listing date here

Patel Retail IPO allotment: The basis of allotment of supermarket chain Patel Retail is expected to be finalised on Friday, August 22, following a robust response from all investor categories.

The ₹242.76 crore initial public offer, with a price band of ₹237 to ₹255 per share, was oversubscribed a whopping 95.70 times, securing bids for 74,79,89,460 shares compared to 78,15,612 shares on offer, according to the cumulative data on BSE.

Prior to the IPO, Patel Retail had mobilised more than ₹43 crore in the anchor round.

The initial share was a fresh issuance of 85.18 lakh shares worth ₹217.21 crore and an offer for sale of 10.02 lakh shares valued at ₹25.55 crore by promoters.

The funds generated are intended to be used for debt repayment, working capital needs and corporate general purposes.

Established in 2008, Patel Retail launched its inaugural store in Ambernath, Maharashtra. Since then, it has grown its operations throughout the suburban regions of Raigad and Thane districts in Maharashtra, offering products, including food, non-food items, general merchandise and apparel under the brand 'Patel's R Mart'.

Patel Retail IPO allotment date and time: When and where to check

Patel Retail IPO allotment status online on Bigshare Services; step-by-step guide

• Head to the registrar's website: www.bigshareonline.com/ipo_Allotment.html
• Three links will be available on the screen, click on any one
• Select 'Patel Retail Ltd' from the 'Select Company' dropdown
• Mention application number, beneficiary ID or PAN
• Enter the captcha and press 'Search'

Steps to check Patel Retail IPO allotment status online on BSE

• Go to the bid finalisation portal of BSE: https://bseindia.com/investors/appli_check.aspx
• The issue type should be kept as 'Equity'
• Pick 'Patel Retail Ltd' from the issue name list
• Fill in personal details like IPO application number or PAN
• Click on the ‘Search’ button

How to check Patel Retail IPO allotment status on NSE

• Head to NSE's allotment portal: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select ‘Equity & SME IPO bid details’
• From the IPO names, choose ‘Patel Retail’ with the 'PATELRMART' symbol
• Enter application number and PAN details
• Press the 'Submit' button

Patel Retail IPO listing date and time: When will shares be listed?

Shares of Patel Retail Ltd will debut on the BSE and the NSE on Tuesday, August 26.

Patel Retail IPO GMP