Patel Retail IPO subscription started on Tuesday, August 19, 2025, and will close on August 21, 2025, as per the schedule. The price band is set at ₹237 to ₹255 per share with a face value of ₹10.
Patel Retail IPO Subscription Status
Patel Retail IPO subscribed over 19.51x on its Second day till 05.00 PM on 20th August 2025.
- Patel Retail IPO subscription QIB investors’ portion is 17.14x times, while NII subscribed 26.09x times, and RII investors subscribed 16.60x times.
- The company has received bids for 15,25,42,610 shares against 78,19,612 shares on offer on the Second day.
- Patel Retail IPO subscribed over 19.51x times on day 2.
- Patel Retail IPO subscribed over 6.40x times on day 1.
About the Patel Retail IPO
One of the leading companies, Patel Retail Limited, was founded in 2008 and started a chain of supermarkets that are located in similar cities. The company has started with a single grocery store and has now expanded to around 40+ supermarkets.
Patel Retail has begun a production facility with the aim of controlling the supply chain, at the place where they process peanuts and whole spices, including coriander seed and cumin seeds. In the Business category, their retail business runs under the “Patel’s R Mart” brand. Further, the company believes in quality, its pre-requisite for positive consumer experience and long-term brand loyalty. The company’s total revenue grew at an average rate of 11% per year, increasing from ₹82,775.34 lakhs in 2021 to ₹1,01,980.36 lakhs in 2023. began with a single grocery store and has since expanded to over 40.
Patel Retail IPO Company Financial Report
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 GMP
Patel Retail IPO GMP was ₹50 as of Wednesday, 20th August. That indicates the IPO is trading at ₹305 with a ₹50 premium in the grey market against the issue price of ₹255.
