The Patel Retail IPO has generated significant investor interest, as evidenced by its oversubscription of 95.70 times during the bidding period from August 19 to August 21, 2025. The ₹242.76 crore IPO comprised a fresh issue of ₹217.21 crore and an offer for sale (OFS) of ₹25.55 crore. The IPO was priced between ₹237 and ₹255 per share, with a lot size of 58 shares, requiring a minimum retail investment of ₹13,746.
The strong subscription numbers were driven by substantial interest across all investor categories. Qualified Institutional Buyers (QIBs) oversubscribed by a massive 272.43 times, while Non-Institutional Investors (NIIs) subscribed 108.17 times. Retail Individual Investors (RIIs) also showed strong interest, with their portion being subscribed 42.49 times.
The allotment for the Patel Retail IPO was finalized on August 22, 2025. Investors can check their allotment status on the Bigshare Services Pvt Ltd registrar website. Successful allottees can expect shares to be credited to their demat accounts by August 25, 2025. For those who did not receive an allotment, refunds for blocked funds under UPI/ASBA will also begin on August 25, 2025.
Ahead of the listing, the Grey Market Premium (GMP) for Patel Retail IPO has been closely watched as an indicator of potential listing gains. On August 22, 2025, the GMP stood at ₹50 per share. This suggests an expected listing price of ₹305, which is approximately a 19.61% premium over the upper price band of ₹255. However, it's important to note that GMP is an unauthenticated market-related indicator and should not be the sole basis for investment decisions. As of August 23, 2025, the GMP had slightly decreased to ₹46, resulting in an estimated listing price of ₹301.
The Patel Retail IPO is scheduled to list on both the BSE and NSE on August 26, 2025. Trading is expected to commence at 10:00 AM IST.
Patel Retail, which operates under the "Patel's R Mart" brand, has a retail business with over 40 stores. While Anand Rathi assigned a "subscribe" tag for the long term, cautioning that the IPO appears fully priced.
Several factors could influence Patel Retail's listing performance. The company's financial performance shows a decrease in revenue from ₹1,01,854.78 lakh in FY23 to ₹82,069.29 lakh in FY25, as well as a decrease in export revenue. The company also faces competition from established players like D-Mart, Reliance Retail, and Big Bazaar.
