Patel Retail Limited is a growing retail supermarket chain strategically focused on tier-III cities and suburban regions. The company caters to the everyday needs of consumers by offering a diverse mix of food and non-food products, general merchandise, and apparel, under its well-recognized brand – “Patel’s R Mart.”
Patel Retail began its journey with the launch of its first store in Ambernath, Maharashtra, and has steadily expanded its presence.
As of May 31, 2025, the company operates:
- 43 stores across Thane and Raigad districts (Maharashtra)
- With a total retail area of approximately 1,78,946 sq. ft.
To boost profit margins, build customer loyalty, and enhance brand recall, Patel Retail has developed a suite of private label brands, including:
- Patel Fresh – Pulses & Ready-to-cook items
- Indian Chaska – Spices, Ghee & Papad
- Blue Nation – Men’s Apparel
- Patel Essentials – Home Improvement & Utility Items
Patel Retail supports its private label growth through three key facilities:
- Ambernath, Maharashtra – Handles processing, quality checks, and packaging of items like pulses and ready mixes.
- Dudhai, Kutch (Gujarat) – Focuses on agri-product processing (peanuts, coriander, cumin), aiding backward integration.
- Agri-Processing Cluster, Kutch – A 15.9-acre integrated hub with 5 production units, fruit pulp unit, 3,040 MT dry warehouse, 3,000 MT cold storage, and an in-house R&D lab.
Together, Facilities 2 and 3 form the Kutch Facilities, which play a pivotal role in supporting Patel Retail’s agri-processing and private label businesses.
As of May 31, 2025, Patel Retail showcases a vibrant portfolio of 38 product categories, featuring over 10,000 SKUs—from everyday essentials to specialty items. While its footprint spans multiple states, the heart of its business beats strongest in Maharashtra and Gujarat, driving the bulk of its sales.
Patel Retail IPO – Details
| IPO Opening Date | 19 August 2025 |
| IPO Closing Date | 21 August 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 95,20,000 Shares Worth ₹[] Crore Fresh Issue: 85,18,000 Shares Worth ₹[] Crore Offer For Sale: 10,02,000 Shares Worth ₹[] Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹[] – ₹[] per share |
| Market Lot | – |
| Min Order | – |
| Listing At | BSE, NSE |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 30% |
| NII (HNI) Shares Offered | 25% |
| Retail Shares Offered | 45% |
Patel Retail IPO – Date Schedule
| IPO Open Date | 19 August 2025 |
| IPO Close Date | 21 August 2025 |
| Basis of Allotment | 22 August 2025 |
| Initiation of Refund | 25 August 2025 |
| Credit of Shares to Demat Account | 25 August 2025 |
| IPO Listing Date | 26 August 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 21, 2025 |
Patel Retail IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | – | – | ₹ |
| Retail (Max) | – | – | ₹ |
| S-HNI (Min) | – | – | ₹ |
| S-HNI (Max) | – | – | ₹ |
| B-HNI (Min) | – | – | ₹ |
Competitive Strength
- Deep knowledge and understanding of optimal product assortment and inventory management using IT systems.
- Steady footprint expansion using a distinct store acquisition strategy and ownership model.
- Logistics and distribution network with own fleet of 18 trucks.
- Diversified product portfolio.
- Strategically located manufacturing facilities.
Company Promoters
- Dhanji Raghavji Patel
- Bechar Raghavji Patel
- Hiren Bechar Patel
- Rahul Dhanji Patel
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | ₹1,019.80 Cr | ₹997.56 Cr | ₹16.38 Cr | ₹182.81 Cr |
| 31 March 2024 | ₹817.71 Cr | ₹787.10 Cr | ₹22.53 Cr | ₹185.75 Cr |
| 31 March 2025 | ₹825.99 Cr | ₹791.66 Cr | ₹25.28 Cr | ₹180.54 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 19.02% |
| ROCE | 14.43% |
| Debt/Equity | 1.34 |
| RoNW | 19.02% |
| PAT Margin | 3.08% |
| EBITDA Margin | 7.61% |
| Pre IPO | Post IPO | |
| EPS (₹) | – | – |
| P/E (x) | – | – |
Object Of The Issue
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| Repayment/prepayment, in full or part, of certain borrowings availed of by the Company. | ₹59.00 |
| Funding of working capital requirements of the Company. | ₹115.00 |
| General corporate purposes. |
Patel Retail IPO Peer Comparison
- There are no listed peer companies comparable to Patel Retail Limited, as stated in the RHP.
✅Strengths
- Strong presence in tier-III cities of Maharashtra.
- Wide product portfolio with 10,000+ SKUs.
- Own private labels like Patel Fresh and Indian Chaska.
- Integrated agri-processing facilities in Gujarat.
- Efficient in-house sourcing and distribution.
⚠️Risks
- High revenue dependence on Maharashtra & Gujarat.
- Large working capital requirements.
- Heavy reliance on promoter leadership.
- Faces strong competition from organized and local players.
- Vulnerable to supply chain disruptions.
Patel Retail IPO Promoter Holding
| Pre Issue Share Holding | 97.99% |
| Post Issue Share Holding | – |
Patel Retail IPO Prospectus
- Patel Retail IPO DRHP
- Patel Retail IPO RHP
Company Contact Information
| Patel Retail Ltd. Plot No. M-2, Anand Nagar, Additional MIDC, Ambernath (East)- 421506, Ambernath, Maharashtra, India Ambarnath, Maharashtra, 421506 Phone: +91 7391043825 Email: cs@patelrpl.net Website: https://patelrpl.in/ |
Patel Retail IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/IPO_Status.html |
Patel Retail IPO Lead Manager(s)
| 1. Fedex Securities Private Limited |
Patel Retail IPO FAQs
| What is Patel Retail IPO? Patel Retail IPO is a main-board IPO. The issue is priced at ₹[] to ₹[] per equity share. The IPO is to be listed on BSE & NSE. |
| When will Patel Retail IPO open? The IPO is to open on 19 August 2025 for QIB, NII, and Retail Investors. |
| What is Patel Retail IPO Investors Portion? The investors’ portion for QIB – 30%, NII – 25%, and Retail – 45%. |
| How to Apply the Patel Retail IPO? You can apply Patel Retail IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Patel Retail IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Patel Retail IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Patel Retail IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Patel Retail IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Patel Retail IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Patel Retail IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Patel Retail IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Patel Retail IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Patel Retail IPO Size? Patel Retail IPO size is ₹[] Crore. |
| What is the Patel Retail IPO Price Band? Patel Retail IPO Price Band is ₹[] to ₹[]. |
| What is Patel Retail IPO Minimum and Maximum Lot Size for Retail? The minimum bid is [] Shares with ₹[] while the maximum bid is [] Shares with ₹[]. |
| What is the Patel Retail IPO Allotment Date? Patel Retail IPO allotment date is 22 August 2025. |
| What is the Patel Retail IPO Listing Date? Patel Retail IPO listing date is 26 August 2025. The IPO is to be listed on BSE and NSE. |
