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Patel Retail IPO: What to know before it lists on NSE and BSE; check date and time

Kamal Joshi
By Kamal Joshi

3 min read | Updated on August 25, 2025, 14:46 IST

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SUMMARY

Patel Retail IPO listing date: The initial public offer, which sought to raise ₹242.76 crore, consists of 85.18 lakh new equity shares and an offer for sale (OFS) of 10.02 lakh shares by promoters Dhanji Raghavji Patel and Bechar Raghavji Patel.

Patel Retail Ltd collected over ₹43 crore from anchor investors. | Image: Patelrpl.in

Patel Retail Ltd collected over ₹43 crore from anchor investors. | Image: Patelrpl.in

Patel Retail IPO Listing Date: Retail supermarket chain Patel Retail Ltd's shares will hit the secondary market on Tuesday, August 26. The issue was booked nearly 96 times during the three-day subscription window. Patel Retail IPO allotment status was finalised on Friday, August 22.
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As the listing is less than 24 hours away, here's all you need to know.

Patel Retail IPO: Subscription

The initial public offering secured bids for 74,79,89,460 shares compared to 78,15,612 shares on offer, translating to a 95.70 times subscription, according to cumulative data available on the National Stock Exchange (NSE) website.

CategoryReservedNo of Shares Bid ForNo of Times
Qualified Institutional Buyers11,36,31230,95,62,472272.43
Non-Institutional Investors23,67,25025,60,77,192108.17
Retail Investors42,61,05018,10,56,04842.49
Total78,15,61274,79,89,46095.70

Patel Retail IPO: Objectives

The IPO, which sought to raise ₹242.76 crore, consists of 85.18 lakh new equity shares and an offer for sale (OFS) of 10.02 lakh shares by promoters Dhanji Raghavji Patel and Bechar Raghavji Patel.

It had a price range of ₹237 to ₹255 apiece, and the application size is 58 shares.

The money raised will be used for repayment of certain borrowings, funding working capital requirements and general corporate purposes.

The company expects the listing to enhance its visibility and brand image among existing and potential customers and create a public market for its shares in India.

Upcoming IPOs this week: Vikran Engineering, Anlon Healthcare, Globtier Infotech among 10 issues to open, 8 listings scheduled; check list

Patel Retail IPO: Listing date and time

The share listing of the Patel Retail IPO will occur on Tuesday, August 26. The stock debut will take place at 10 am on the National Stock Exchange (NSE) and the BSE.

Patel Retail IPO GMP

According to investorgain.com and media reports, Patel Retail's unlisted shares are trading at ₹303 per share, reflecting a grey market premium of 18.82% over the upper price band of ₹255.

Disclaimer: Grey Market Premium, or GMP, is an unofficial indicator of market sentiment toward an IPO. It is not regulated by the stock exchanges or SEBI. Upstox neither supports nor encourages grey market trading. Investors are advised to conduct their own research or consult an expert before making any investment decisions.
To learn more about IPOs, their listings, schedules, and upcoming IPOs, visit our page.
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About The Author

Kamal Joshi
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.

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