Patel Retail IPO Day 1: Check GMP, Subscription Status & Key Highlights

Patel Retail Limited, a Maharashtra-based supermarket operator, has launched its ₹243 crore IPO, comprising a fresh issue and an offer for sale. The issue opens for subscription on August 19, 2025, at a price band of ₹237 to ₹255 per share, and closes on August 21, 2025. Following allotment, the company’s shares are set to be listed on both the BSE and NSE on August 26, 2025.

Patel Retail IPO Day 1 Subscription Status

Patel Retail IPO saw a strong response on the first day, with an overall subscription of 6.40 times. The issue was led by Qualified Institutional Buyers, who subscribed 9.86 times, followed by Non-Institutional Investors at 7.40 times and Retail Investors at 4.96 times. The employee quota was also fully subscribed at 3.26 times.

Investor Category	Subscription (x)
Qualified Institutional Buyers (QIB)	9.86
Non-Institutional Investors (NII)	7.40
bNII (above ₹10 lakh)	7.35
sNII (less than ₹10 lakh)	7.51
Retail Individual Investors (RII)	4.96
Employees	3.26
Total Subscriptions	6.40

Total Applications: 3,17,204

Total Bid Amount (in ₹ crore): 1,276 

Objective of the Patel Retail IPO

Patel Retail Limited intends to utilize the net proceeds from the IPO towards repayment or prepayment of certain outstanding borrowings, meeting its working capital requirements, and for general corporate purposes.

Use of IPO Proceeds	Amount (₹ Cr)
Repayment/prepayment, in full or part, of certain borrowings availed of by the Company.	59
Funding of working capital requirements of the Company	115
General Corporate Purposes	–

Patel Retail  IPO GMP – Day 1 Update

The grey market premium (GMP) of Patel Retail  IPO is ₹46, as on 5:00 PM August 19, 2025. The upper limit of the price band is ₹255, and the estimated listing price as per today’s GMP can be ₹301, giving a potential gain of around 18.04% per share.

Date	GMP	Est. Listing Price	Gain
19-08-2025 (DAY 1)	₹46	₹301	18.04%

Disclaimer: The above GMP (Grey Market Premium) is just unofficial market information, which is not officially confirmed. These figures are shared for informational purposes only and investment decisions based on these should be based on the investor’s own research and discretion. We do not conduct, recommend or support any kind of transaction in the grey market.

Patel Retail  IPO – Key Details

Particulars	Details
IPO Opening Date	August 19, 2025
IPO Closing Date	August 21, 2025
Issue Price Band	₹237 to ₹255 per share
Total Issue Size	95,20,000 shares(aggregating up to ₹242.76 Cr)
Listing Platform	BSE, NSE
Registrar	Bigshare Services Private Limited
Patel Retail IPO RHP	Click Here

Important Dates for Patel Retail IPO Allotment

Event	Date
Tentative Allotment	August 22, 2025
Refunds Initiation	August 25, 2025
Credit of Shares to Demat	August 25, 2025
Listing Date	August 26, 2025

Patel Retail Overview

Patel Retail Limited is a value-focused supermarket chain operating under the brand “Patel’s R Mart,” primarily in tier-III cities and suburban areas of Maharashtra. Incorporated in 2008, the company manages 43 stores with a retail area of about 1.79 lakh sq. ft., offering over 10,000 SKUs across food, FMCG, general merchandise, and apparel. It has also developed private label brands such as Patel Fresh, Indian Chaska, Blue Nation, and Patel Essentials. Through backward integration, Patel Retail operates modern processing and agri-processing facilities in Maharashtra and Gujarat, supporting retail, exports to over 35 countries, and bulk agri-commodity trading.

Easy Steps to Apply for Patel Retail IPO via Pocketful

Step 1 :  Install the Pocketful Application from Play Store or App Store

Step 2 : Sign up and complete your KYC requirements

Step 3 : Go to the IPO section from the home page

Step 4 : Look for “Patel Retail” in the list

Step 5 : Tap on Apply and enter your bid details