Patel Retail IPO booked nearly 40 times so far on day 3: Check price band, lot size and allotment steps

Patel Retail IPO: Supermarket chain Patel Retail Ltd's initial public offering will close for subscription on Thursday, August 21. The IPO has been receiving a good response from all investor categories.

The initial share sale aims to raise ₹242.76 crore by offering new equity shares worth ₹217.21 crore and an offer for sale of ₹25.55 crore. The price band is fixed at ₹237 to ₹255 per share, and a lot consists of 58 shares.

The fresh issue proceeds will be utilised for payment of debt, funding working capital requirements and general corporate purposes.

Patel Retail IPO day 3: Subscription details

As of 1:01 pm on Thursday, the issue has attracted 39.55 times subscription, receiving bids for 30,90,77,128 shares compared to 78,15,612 equity shares on offer.

The non-institutional investors' part secured a 67.31 times subscription, while the portion set aside for qualified institutional buyers (QIBs) fetched a 18.57 times subscription. The retail individual investors (RIIs) category got subscribed 29.98 times.

Established in 2008, Patel Retail provides an array of products, including food, non-food items, apparel and general merchandise to meet the needs of families. It primarily operates in Tier-III cities and nearby suburban areas under the 'Patel's R Mart' brand.

Patel Retail IPO allotment date

The basis of allotment of Patel Retail is likely to be finalised on Friday, August 22. The details will be out on Bigshare Services, NSE and BSE.

How to check Patel Retail IPO allotment status on Bigshare Services

• Go to the registrar's portal at www.bigshareonline.com/ipo_Allotment.html
• From three servers, click on any one
• Click on 'Patel Retail Ltd' from the list
• Enter either your application number, PAN or beneficiary ID
• Complete the 'captcha' verification and click on 'Search'

Steps to check Patel Retail IPO allotment status on NSE

• Visit NSE’s allotment status website: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select ‘Equity & SME IPO bid details’
• Pick ‘Patel Retail’ under the symbol 'PATELRMART'
• Enter your PAN and application number
• Click on submit

How to check Patel Retail IPO allotment status on BSE

• Head to BSE's IPO allotment status portal: https://bseindia.com/investors/appli_check.aspx
• Keep 'Equity' as the issue type
• From the ‘Issue Name’ list, select 'Patel Retail Ltd'
• Identify yourself using PAN or IPO application number
• Press the ‘Search’ button

Patel Retail IPO GMP