The IPO, which opened on August 19 and closed on August 21, received strong demand with 95.69 times subscription. Qualified Institutional Buyers (QIBs) subscribed 272.14 times, Non-Institutional Investors (NIIs) 108.11 times, while the Retail portion was subscribed 42.55 times.
The offer comprised a fresh issue of Rs 217.21 crore and an offer for sale of Rs 25.55 crore, with a price band of Rs 237–255 per share and a lot size of 58 shares. The issue also had a reservation of 51,000 shares for employees at a discount of Rs 20 per share.
Investors can check their allotment status through the following portals:
Registrar’s Website
Visit Bigshare Services Allotment page: https://ipo.bigshareonline.com/ipo_status.html
Select Patel Retail IPO
Enter your PAN, application number, or DP/Client ID to check the allotment.
NSE Website
Visit NSE Allotment page: https://www.nseindia.com/invest/check-ipo-allotment
Select Equity
Choose Patel Retail
Enter your PAN or application number.
Successful investors will see shares credited to their demat accounts by August 25, 2025, while refunds for others will also be initiated the same day.
Patel Retail, incorporated in 2008, is a tier-III city-focused supermarket chain operating 43 stores across Maharashtra and Gujarat.
The company also sells private label products under brands like Patel Fresh, Indian Chaska, Blue Nation, and Patel Essentials. It reported a 12% rise in profit after tax to Rs 25.28 crore in FY25 on revenues of Rs 825.99 crore.