The Patel Retail IPO minimum market lot is 58 shares with ₹14,790 application amount. The Patel Retail IPO is a Mainboard IPO, and it is to be listed on BSE & NSE.
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.
IPOWatch View
We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.
Patel Retail IPO Subscription Status – Day 3
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 9.86 | 17.14 | 272.14 |
| NII | 7.40 | 26.09 | 108.11 |
| bNII | 7.35 | 22.09 | 102.09 |
| sNII | 7.51 | 34.11 | 120.17 |
| RII | 4.96 | 16.60 | 42.55 |
| Total | 6.40 | 19.51 | 95.69 |
Patel Retail IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Patel Retail IPO Review and Rating
- May Apply For Long-term View
Patel Retail IPO Form
How to apply for the Patel Retail IPO? You can apply for Patel Retail IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Patel Retail IPO in the Invest section. The other option is you can apply for Patel Retail IPO via IPO forms downloaded online. Check out the Asston Pharmaceuticals forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
