Patel Retail Ltd, the operator behind the Patel’s R Mart supermarket chain, has revealed a price band of ₹237 to ₹255 per share for its upcoming initial public offering (IPO). Public bidding begins on August 19 and concludes on August 21, with anchor investor bidding starting a day earlier on August 18.
The IPO aims to raise nearly ₹243 crore, combining a fresh issue of ₹217 crore and an offer-for-sale (OFS) by existing shareholders amounting to ₹25–26 crore. Applications require a minimum of 58 shares, translating to an investment of around ₹13,746.
The proceeds will be allocated towards debt repayment, bolstering working capital, and supporting general corporate needs. Fedex Securities is coordinating the IPO, while Bigshare Services Pvt Ltd is handling the registrar duties.
Listing on the BSE and NSE is expected on August 26.
Patel Retail, which began operations in 2008, runs 43 stores across the suburban regions of Thane and Raigad in Maharashtra and specializes in both food and general merchandise under its value-retail model. Financially, despite a drop in revenue from ₹1,019.80 lakh in FY 2023 to ₹825.99 lakh in FY 2025, the company recorded strong growth in profitability—its EBITDA climbed from approximately ₹43 crore to ₹62 crore, and net profits grew from ₹16 crore to around ₹25 crore over the same period.
Grey-market indicators reflect investor sentiment: the IPO is trading at a premium of ₹20 over the top end of the price band, suggesting a potential listing gain of about 8%.
Reference is taken from here