Patel Retail's IPO is set to list on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on Tuesday, August 26, 2025, with trading expected to begin at 10:00 AM IST. The IPO, a combination of a fresh issue of 0.85 crore shares aggregating to ₹217.21 crore and an offer for sale of 0.10 crore shares aggregating to ₹25.55 crore, saw strong investor interest. The price band for the IPO was fixed between ₹237 and ₹255 per share, with a minimum lot size of 46 shares.
Subscription Status
The IPO was subscribed 95.70 times, indicating substantial investor demand. Qualified institutional buyers (QIBs) oversubscribed by 272.43 times, while non-institutional investors subscribed 108.17 times their quota. Retail individual investors (RIIs) also showed strong interest, subscribing 42.49 times the shares offered to them.
Grey Market Premium (GMP)
The grey market premium (GMP) for Patel Retail's IPO has been a key indicator of potential listing gains. On August 21, 2025, the GMP was ₹50, suggesting an estimated listing price of around ₹305 per share. This represents a premium of approximately 19.61% over the upper price band of ₹255. While GMP can provide insights into market sentiment, it is not an official indicator and listing gains can vary due to market volatility.
Allotment and Refunds
The allotment of shares was finalized on August 22, 2025. Successful investors will have their demat accounts credited on August 25, 2025. Simultaneously, refunds will be initiated for unsuccessful bidders.
Share Price Prediction
Based on the GMP of ₹48, some analysts predict a listing price of around ₹303 per share, which is about an 18.82% premium over the IPO price of ₹255. Other reports suggest a GMP of ₹50, with a listing price of ₹305, or a 19.61% gain per share over the upper price band. However, investors should be aware that GMP is speculative and doesn't guarantee listing prices.
About Patel Retail
Patel Retail Ltd., established in 2008, operates a supermarket chain primarily serving tier-III cities and nearby suburban areas. The stores offer a variety of products, including food, FMCG items, general merchandise, and clothing. The company intends to use the proceeds from the fresh issue for debt repayment and to fund working capital requirements.
Important Considerations for Investors
It is crucial for investors to conduct thorough research and consult with financial advisors before making any investment decisions. While the GMP suggests a positive listing, it is essential to consider market conditions and company fundamentals.
