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Complete IPO details, including price band, financials, subscription status, and key insights.
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Key metrics and details at a glance.
Price Band
₹255
Per ShareLot Size
58 Shares
Minimum Investment
₹14,790
Issue Size
₹242.76 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
0%
QIB Quota
30%
NII Quota
25%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
97.99%
Promoter Holding (Post-Issue)
70%
Issue Type
Book Building
ISIN
INE0R8B01010
We are primarily engaged as a retail supermarket chain operating in the state of Maharashtra, in the MMR region in the districts of Thane and Raigad viz. Ambernath, Badlapur, Bhiwandi, Diva, Dombivli, Kalyan, Khopoli, Murbad, Neral, Padgha, Shahapur, Shahad, Titwala, Ulhasnagar, Vasind and Vangani, with focus on "value retail", offering food, non-food (FMCG), general merchandise and apparel catering to the needs of the entire family. We launched our private label goods under our brands Patel Fresh and Patel Essentials, in the year 2010, Blue Nation in the year 2014 and Indian Chaska in the year 2018. Further, we started our processing activity in our Facility 2 and Agri-cluster in Kutch, Gujarat in the year 2016 and 2022 respectively.
The Indian retail sector is experiencing a significant transformation owing to a range of shifting socio-economic factors, increasing digital and new age technology influence along with a rapidly transforming consumer landscape. Over the year, India has evolved as a thriving consumer-driven economy, making it the 4th largest retail market globally after US, China, and Japan and has thus become one of the most attractive markets for global retailer to expand their footprints in India. At present the retail sector in India accounts for over 10% of the country's GDP. Food & Grocery, Apparel & footwear, and consumer electronics are the largest retail segments, constituting 63%, 9% and 7% respectively of the retail market. The share of organized retail in the total retail industry is currently estimated 12%-15%. The organised retailing segment is estimated to be valued at USD 186 Bn in 2024 and is projected to grow to USD 267 Bn by 2033. Major retail chains are expanding their presence beyond metros and Tier-1 cities to tier-2, tier-3 cities and even in tier-4 cities owing to lower rental rates and operating costs. Today, the branded & packaged spice segment is estimated to account for 30 - 40% of the total spice market in India. According to World Spice Organization (WSO), the branded spice market in India is estimated to be worth INR 35,000 Crore. India remains the largest exporter of spices globally, with exports valued at INR 369.6 billion in FY 2024. Between 2017 and 2023, the branded wheat flour market in India witnessed a CAGR of 4.9%, with its market size expanding from roughly INR 15,000 crores to INR 20,000 crores within the given time period.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offering of 95,20,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Patel Retail Limited ("the Company" or the "Issuer") for cash at a price of Rs. 255/- per equity share (including a Securities Premium of Rs. 245/- per Equity Share) ("Offer Price") aggregating Rs. 242.66 crores ("the Offer"). The offer comprises of a fresh issue of 85,18,000 equity shares of face value of Rs. 10/- each by the company aggregating to Rs. 217.11 crores (the "Fresh Issue") and an offer for sale of 10,02,000 equity shares of face value of Rs. 10/- each (the "Offered Shares") aggregating to Rs. 25.55 crores (the "Offer for Sale"), comprising of 7,68,000 equity shares of face value of Rs. 10/- each aggregating Rs. 19.58 crores by Dhanji Raghavji Patel, and 2,34, 000 equity shares of face value of Rs. 10/- each aggregating Rs. 5.97 crores by Bechar Raghavji Patel (together, "Promoter Selling Shareholders"). The offer includes a reservation of 51,000 equity shares of face value of Rs. 10/- each, aggregating to Rs. 1.20 crores (Constituting up to 0.15 % of the post offer paid-up equity share capital of the company), for subscription by eligible employees (the "Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer shall constitute 28.50 % and 28.35 %, respectively, of the post-offer paid-up equity share capital of the company. The company may, in consultation with the book running lead manager ("brlm"), offer a discount of 7.84% (Equivalent to Rs. 20/- per Equity Share) to the offer price to eligible employees bidding in the employee reservation portion ("Employee Discount").
*Subject to approvals and market conditions.
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Live demand across investor categories.
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*Real-time data subject to exchange updates
Our Company was originally incorporated as "Patel Retail Private Limited" at Ambernath, Maharashtra as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated June 13, 2007 issued by the Registrar of Companies, Maharashtra, Mumbai. Thereafter, our Company was converted into a public limited company, approved vide shareholders' resolution dated July 18, 2023, pursuant to which the name of our Company was changed to "Patel Retail Limited" and a fresh certificate of incorporation consequent upon change of name on conversion to public limited company was issued by the Registrar of Companies, Maharashtra, Mumbai dated August 28, 2023.
Wholesaler and Retailer
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.