As an investor, deciding whether the IPO is Good or Bad to invest in can often be challenging. If you are confused and worried about whether to Apply or Not for the Patel Retail IPO. Then worry not, here we are describing 10 important key points & an in-depth, detailed Patel Retail IPO review and Analysis which will help you to make the decision.
Strengths and Weaknesses of Patel Retail IPO
Strengths:
- Over the years, the company has shown Steady growth through a unique store acquisition and ownership model.
- The company offers a wide range of products that allow it to serve diverse tastes and customer groups.
- Patel Retail has been involved in the manufacturing, trading, and exporting of wheat flour, spices, peanuts, and fruit pulps/concentrates, consistently delivering quality products to its customers.
- With the opening of 3 new stores in FY24, 9 new stores in FY2025, and 1 new store in the first two months of FY2026, the company has shown a strong track record of growth and profitability.
Weaknesses:
- Its retail stores are mostly situated in Maharashtra, in the Thane and Raigad districts. In FY25, 24, and 23, most of the revenue was generated from retail sales from these regions, meaning any issues that occur in those regions can negatively impact the business and the company’s finances.
- Patel Retail consists of a total of 43 stores, with 8 operating for over 5 years and 15 for over 10 years. The older stores may seem to have a price drop in sales, if the drop in sales continues could hurt their business.
- The business mostly runs on raw materials like wheat, spices, and peanuts. However, the company did not sign the long-term contract with them, meaning that if any price rise, shortage, or seasonal variation occurs can badly impact the business, financial operations, and cash flow.
Patel Retail IPO Details
| IPO Size | ₹242.76 crores |
| Offer-for-sale | 10,02,000 equity shares |
| Fresh issue | ₹215.91 |
| Price band | ₹237 to ₹255 |
| Subscription | Opens on August 19, 2025, and closes on August 21, 2025 |
| Purpose of IPO | Offer-for-Sale and Fresh Issue |
Patel Retail IPO Open and closing date?
The opening date of a Patel Retail IPO is August 19, 2025, and the closing date of the IPO is August 21, 2025.
What is the size of the Patel Retail IPO?
The company planned to raise funds of around ₹242.76 crores via IPO. This IPO comprises only an Offer-for-sale (OFS) component of up to 10,02,000 equity shares with a face value of ₹10 each.
What are the subscription details for the Patel Retail IPO?
An Patel Retail IPO price range is set at ₹237 to ₹255 per share. In this IPO, a total of 58 shares were available in 1 lot size for the minimum Retail category, and for the maximum retail category, 754 shares in 13 lot sizes were available, and for the S-HNI Minimum category, 812 shares were available in 14 lot sizes. While for the B-HNI Minimum category, 3,944 shares were available in 68 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,790 and maximum investment of ₹1,92,270.
- Small HNI (S-HNI): Minimum investment of ₹2,07,060.
- Big HNI (S-HNI): A minimum investment of ₹10,05,720 is required.
What is the listing date of the Patel Retail IPO?
Patel Retail is a Mainboard IPO whose shares will be listed on August 26, 2025, on the BSE (Bombay Stock Exchange) & NSE (National Stock Exchange).
What are the objectives of the Patel Retail IPO Issue?
The proceeds raised from the fresh issue will be utilized for the repayment/prepayment of certain borrowings taken by the company. Some funds will be used for the working capital requirements of the Company. Lastly, the remaining funds will be used for the company’s general corporate purposes.
About Patel Retail
Incorporated in 2008, Patel Retail Limited is one of the well-known retail supermarket chains serving mainly tier-III cities and nearby suburbs, offering food, FMCG, general merchandise, and apparel. Initially, the company opened its single store under the brand name “Patel’s R Mart” in Maharashtra, and within no time, they expanded to around 43 stores. The company emphasizes quality as essential for a positive customer experience and long-term brand loyalty. Between 2021 and 2023, total revenue grew at an average annual rate of 11%, rising from ₹82,775.34 lakh to ₹1,01,980.36 lakh. As of May 31, 2025, the company operated 43 stores across the suburban areas of Thane and Raigad districts in Maharashtra. The company’s portfolio comprises pulses, ready mixes, Indian Chaska” (spices, ghee, and papad), “Blue Nation” (men’s wear), and “Patel Essentials” (home improvement items).
Patel Retail IPO Financials
The company reported revenue of ₹825.99 crores in 2025 against ₹817.71 crores in 2024. The company reported a profit of ₹25.28 crores in 2025 against a profit of ₹22.53 crores in 2024.
Patel Retail IPO Promoters
The promoters of the company are Dhanji Raghavji Patel, Bechar Raghavji Patel, Hiren Bechar Patel, and Rahul Dhanji Patel.
Who are the Patel Retail IPO lead managers and registrar?
FedEx Securities Pvt Ltd is the lead manager of Patel Retail, while Bigshare Services Pvt Ltd is the registrar to the company.
Should you Apply or not for Patel Retail IPO?
Patel Retail Limited is one of the growing companies involved as a retail supermarket chain operating in tier-III cities strong presence in Maharashtra, mainly in Thane and Raigad districts. The company started its business under the brand name “Patel’s R Mart” and offers around 38 product categories with over 10,000 product SKUs in its store, and, with time, expanded its business by managing 43 stores as of May 31, 2025.
If we talk about the company’s financials, over the years, the company has done amazing with showing steady revenue growth. However, in recent years, we have seen some decline in revenue and store sales, which investors must keep in mind before investing in it. Sole reliance on a limited geographical area and price fluctuation in the raw material are some of the risks that one should keep in mind.
At the end of the day, it is your responsibility to first check if this IPO is good or bad, or whether you should apply or not, by checking the company’s financial growth and potential to avoid any loss of money. For more information and queries, please connect with our IPOWatch team. We are always ready to help and solve your queries.
