IPO Details
- IPO Price Band: ₹237 to ₹255 per share
- Issue Size: ₹242.76 crores
- Lot Size: 58 shares
- Listing Date: August 26, 2025
- Listing Exchange: BSE and NSE
IPO Timeline
- IPO Open Date: August 19, 2025
- IPO Close Date: August 21, 2025
- Allotment Date: August 22, 2025
- Refund Initiation: August 25, 2025
Investment Details
- Minimum Investment: ₹14,790 (58 shares at ₹255 per share)
- Retail Quota: 35% of the issue size
- QIB Quota: 50% of the issue size
- NII Quota: 15% of the issue size
Company Overview
Patel Retail, a company with a significant presence in the retail and non-retail sectors, is primarily owned and managed by the Patel family. The key figures include Dhanji Raghavji Patel, the Chairman and Managing Director, and Bechar Raghavji Patel, the Whole-time Director. The company’s leadership also includes Hiren Bechar Patel, a Non-Executive Director.
Use of IPO Proceeds
- Repayment of Borrowings: ₹59 crores
- Working Capital Requirements: ₹115 crores
- General Corporate Purposes: remaining amount
Grey Market Premium
The current Grey Market Premium for Patel Retail IPO is ₹35, with an expected return of 13.73%
