Patel Retail Limited is going to launch its IPO on Aug 19, 2025, the objective of raising 242.76 crores (Approx) from the market. The closing date of the IPO is Aug 21, 2025, and it will be listed on the National Stock Exchange (NSE) & Bombay Stock Exchange (BSE) on Aug 26, 2025.
About Patel Retail
Patel Retail Limited is a remarkable success story that began with deep roots in the Patel community of Gujarat, Bharat. Known for its strong farming traditions, the Patel community has always shared a close bond with the land, cultivating both crops and a legacy of resilience. This spirit of hard work and unity became the foundation for what is now a thriving retail and export enterprise.
The journey began in 1984 when Mr. Dhanji Patel moved from his hometown, Dudhai, in the Kutch district of Gujarat, to Ambarnath, Maharashtra, about 65 km from Mumbai. He joined his elder brother, Mr. Bechar Patel, in the grocery business. After six years of learning and dedication, Mr. Dhanji Patel decided to start his own venture. In 1990, he opened his first grocery store under the name Patel Enterprises, which quickly earned the trust of customers.
Recognizing the rise of modern retail formats, Patel Retail launched its first supermarket, Patel R Mart, in Ambarnath in 2003. The store’s success led to multiple new outlets, each serving a growing customer base. Driven by ambition, the company also ventured into the export business, overcoming challenges to supply quality food products worldwide. Their commitment earned Patel Retail the prestigious 4-star export house status from the Government of India.
Patel Retail has always upheld its core values of integrity, innovation, and customer satisfaction. In 2016, the company expanded into food processing by setting up its first factory in Dudhai. This facility processes peanuts, chillies, turmeric, coriander, cumin, and other commodities, ensuring high-quality standards for both domestic and international markets.
Coming from a farming background, Mr. Dhanji Patel understood the importance of supporting the agricultural community. Patel Retail implemented a backward integration model, sourcing commodities directly from farmers. These products are then processed, packaged, and distributed, creating a sustainable and mutually beneficial partnership. Farmers gain a dependable market, while Patel Retail secures fresh, high-quality raw materials.
From its humble beginnings under a banyan tree to becoming a trusted retail and export brand, Patel Retail’s growth has been driven by determination, strategic planning, and an unwavering focus on quality. Today, it stands as a symbol of how dedication and vision can turn small beginnings into extraordinary achievements.
The journey of Patel Retail is far from over. With a committed team, strong values, and an ever-expanding vision, the company continues to explore new markets, innovate its offerings, and strengthen its ties with customers and farmers alike.
Patel Retail – Key Milestones
1990 – Opened the first grocery store under the name Patel Enterprises, marking the beginning of the journey.
2003 – Launched the first Patel R Mart supermarket in Ambarnath, introducing modern retail to the local community.
2007 – Incorporated Patel Retail Pvt. Ltd. and ventured into the fashion retail segment with Patel R Choice garments outlet.
2009 – Started the export business, taking quality Indian food products to international markets.
2014 & 2015 – Established the first food processing unit at Dudhai, Kutch, Gujarat, strengthening the backward integration model.
2019 – Received multiple MOFPI (Ministry of Food Processing Industries) approvals:
- Unit I – Manufacturing of whole spices and oil seeds.
- Agro processing cluster at Unit I.
- Unit II – Manufacturing of pulverised and blended spices.
- Unit III – Manufacturing of chakki atta, suji, and atta roller.
- Unit IV – Processing and blanching of peanuts.
- Unit V – Processing of sesame seeds.
2022 – Set up the second processing unit at Dudhai, Kutch, Gujarat, to boost production capacity.
2023 – Achieved major milestones:
- Crossed 10,000 million in revenue.
- Exported products to over 25 countries.
- Opened the 31st retail store in Badlapur, Maharashtra.
IPO details of Patel Retail
| IPO Date | 19 Aug 2025 to 21 Aug 2025 |
| Offer Price | 237 to 255 per share |
| Lot Size | 58 Shares |
| Max. Retail Subscription (In Rs.) | Up to 2 lakhs |
| Face Value | 10 per share |
| Issue Size (In Cr.) (Approx) | 242.76 |
| Issue Type | Book Building |
| Listing In | NSE, BSE |
Investor category allocation of Patel Retail IPO
| Investor category | Allocation (% of the Offer) |
| QIBs | Up to 50% |
| Retail Individuals | Not less than 35% |
| NIIs/HNIs | Up to 15% |
| Total | 100% |
Patel Retail (IPO Schedule):
| IPO Open Date | 19 Aug 2025 |
| IPO Close Date | 21 Aug 2025 |
| UPI Mandate deadline | 21 Aug 2025 (5 PM) |
| Allotment Date | 22 Aug 2025 |
| Refund Initiation | 25 Aug 2025 |
| Demat Transfer | 25 Aug 2025 |
| Listing Date | 26 Aug 2025 |
| Mandate end date | 05 Sept 2025 |
Financial Information of Patel Retail IPO
| Financial End | March 2023 | March 2024 | March 2025 |
| Total Assets (In Cr.) | 303.11 | 333.02 | 382.86 |
| Revenue (In Cr.) | 1019.80 | 817.71 | 825.99 |
| Profit After Tax (In Cr.) | 16.37 | 22.53 | 25.28 |
| Net Worth (In Cr.) | 71.87 | 94.4 | 134.57 |
Objective of Patel Retail IPO
- Repayment/prepayment, in full or part, of certain borrowings availed by our Company;
- Funding of working capital requirements of the Company; and
- General corporate purposes.
Prospectus of Patel Retail IPO
List of Promoters
- Dhanji Raghavji Patel
- Bechar Raghavji Patel
- Hiren Bechar Patel
- Rahul Dhanji Patel
Registered Address of Patel Retail IPO
Patel Retail Limited
Plot No. M-2, Anand Nagar, Additional MIDC,
Ambernath (East)- 421506,
Maharashtra, India
Telephone: +91 7391043825
Email: cs@patelrpl.net
Website: https://patelrpl.in/
Patel Retail IPO Registrar
Bigshare Services Private Limited
Office no. S6-2, 6th Floor,
Pinnacle Business Park, next to Ahura Centre,
Mahakali Caves Road, Andheri (East),
Mumbai- 400093, Maharashtra, India
Telephone: +91 022 62638200
Email: ipo@bigshareonline.com
Investor grievance email: investor@bigshareonline.com
Website: https://www.bigshareonline.com
Patel Retail IPO Lead Manager
Fedex Securities Private Limited
B7, 3rd Floor, Jay Chambers, Dayaldas Road,
Vile Parle (East), Mumbai- 400057,
Maharashtra, India
Telephone: +91 8104985249
Email: mb@fedsec.in
Website: www.fedsec.in
FAQs
Q. What is Patel Retail IPO?
A. Patel Retail IPO is a Regular IPO. The IPO is to be listed on NSE, BSE.
Q. When Patel Retail IPO will open for subscription?
A. The IPO is to open on 19 Aug 2025. The IPO will close on 21 Aug 2025.
Q. What is Patel Retail IPO Issue Size?
A. Patel Retail IPO issue size is 242.76 crores (Approx).
Q. What is Patel Retail IPO Price Band?
A. Patel Retail IPO Price Band is 237 to 255.
Q. What is Patel Retail IPO Lot Size?
A. The minimum bid is 58 Shares with 14,790 amount.
Q. What is the Patel Retail IPO Allotment Date?
A. Patel Retail IPO allotment date is 22 Aug 2025.
Q. What is the Patel Retail IPO Listing Date?
A. Patel Retail IPO listing date is 26 Aug 2025.
Q. How to Check Patel Retail IPO Allotment Status?
Follow these easy steps to check your Patel Retail IPO allotment status online:
- Visit the Registrar’s Website
- Click on “IPO Allotment Status”
- Select “Patel Retail Limited IPO”
From the dropdown menu, select “Patel Retail Limited IPO”. - Enter Your Details
You can check allotment using one of the following:
PAN Number
Application Number
DP/Client ID
Account No/IFSC - Click on “Search” or “Submit”
- View Allotment Status
The website will show your IPO allotment result — whether shares are allotted or not.