Patel Retail Share Price: Retail Chain's Stock Off To Solid Start; Lists At 20% Premium Over IPO Price

Patel Retail IPO Listing: Patel Retail shares marked a stellar debut on the bourses on Tuesday, Aug. 26, listing at Rs 301.6 on the NSE, a premium of nearly 19% to its issue price of Rs 255. Meanwhile, on BSE, it listed at Rs 305, up over 19% from the IPO price. The listing comes after Patel Retail IPO witnessed a blockbuster subscription for its Rs 243-crore book build issue.

At the end of the three days of subscription in the primary market, the mainboard issue was booked 95.69 times. The retail major chain plans to utilize the funds raised for repayment of certain corporate borrowings, funding working capital needs and general corporate purposes.

Patel Retail IPO was priced in the range of Rs 237 to Rs 255 per share. Patel Retail IPO lot size was 58, requiring a minimum investment of Rs 13,746. Patel Retail was open for subscription from August 19 to August 21. The issue was a combination of a fresh issue of Rs 217.21 crore and an offer for sale of Rs 25.55 crore.

Patel Retail IPO allotment was finalised on Friday, Aug. 22. The company's IPO consisted of nearly 85.18 lakh new shares which were issued and an offer for sale of 10.02 lakh shares from the promoters. Fedex Securities served as the sole book-running lead manager, while Bigshare Services was the registrar for the public offering.

Founded in 2008, Patel Retail Ltd launched its first store in Ambernath, Maharashtra. Since that time, it has broadened its operations across suburban areas in Thane and the Raigad district of Maharashtra.

The company offers a wide variety of products, covering food, non-food items, general merchandise, and apparel to cater to family needs. It serves tier-III cities and neighbouring suburbs under the brand name 'Patel's R Mart'. As of May 31, 2025, the company managed and operated 43 stores.