Patel Retail Limited has fixed the price band of Rs 237 /- to Rs 255/- per Equity Share
of face value Rs 10/- each for its maiden initial public offer.
The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Tuesday, August 19, 2025, for subscription
and close on Thursday, August 21, 2025. Investors can bid for a minimum of 58 Equity Shares and in multiples of 58
Equity Shares thereafter.
The IPO is a mix of fresh issue of shares up to 85,20,000 Equity Shares and an offer for sale up to 10,02,000 Equity
Shares Promoters Selling Shareholders. The offer also includes a subscription reservation by eligible employees, and
a discount of Rs 20 is being offered to Eligible Employees bidding in the employee reservation portion.
The proceeds from the fresh issue to the extent of Rs 59 crore will be utilized for repayment/prepayment, in full or
part, of certain borrowings availed of by the Company; Rs 115 crore for funding working capital requirements of the
Company; and general corporate purposes.
Patel Retail Limited was incorporated in June 13, 2007, primarily engaged as a retail supermarket chain operating in
tier-III cities and nearby suburban areas, with focus on “value retail”, offering food, non-food (FMCG), general
merchandise and apparel. It started its first store under the brand “Patel’s R Mart” at Ambernath, Maharashtra and
since, its operations are spread across the suburban area of Thane and Raigad district in Maharashtra. As on May 31,
2025 it operated and managed forty-three (43) stores, with a Retail Business Area of approx. 1,78,946 sq.fts.
The Company with an objective to increase margin and to promote its brand “Patel’s R Mart”, it launched its private
label goods comprising of Pulses (“Patel Fresh”), spices (“Indian Chaska”), mens wear (“Blue Nation”), home
improving products (“Patel Essentials”), ready-to-cook / instant mix (“Patel Fresh”), ghee and papad (“Indian
Chaska”). Since 2008, it has increased its store offerings with 38 product categories and over 10,000 product SKUs. It
exports it to over thirty-five (35) countries during