Patel Retail IPO Day 1: GMP, Subscription Status, Date, Review, Other Details. Should you sign up or not?

Patel Retail IPO Day 1: The supermarket chain Patel Retail Ltd Open on August 19 for public subscription and closes on August 21. Patel Retail IPO Price Band is set between £ 237 to £ 255 per equity share with a face value of £ 10. The company on Monday secured more than £ 43 of anchor investors before opening its initial public offer (IPO). Founded in 2008, Patel Retail launched his first store in Ambernath, Maharashtra. Since then, it has broadened its operations in suburban areas in Thane and the Raigad district of Maharashtra. The company offers a wide range of products, which cover food, items that are not food, general merchandise and clothing to meet the family needs. It serves tiger III cities and neighboring suburbs under the brand name ‘Patel’s R Mart’. On May 31, 2025, the company managed and operated 43 stores. Patel Retail’s operating income rose to 820.69 crore in fiscal 2025, compared to £ 814.19 in the previous financial year. The net profit rose to £ 25.28 from £ 22.53. Patel Retail IPO subscription status subscription for the public edition opens at 10:00 IST during Tuesday’s transactions. Patel Retail IPO Review Choice Equity Broking, a brokerage firm, said the company was valued at the upper price range on a p/e of 33.7, which indicates a valuation discount compared to its peers. The price-to-book ratio of 2.4 and EV/sales ratio of 1.0 is also attractive if it matches the competition. Although the debt-to-equity ratio is currently higher than that of competitive firms, the management is intending to use IPO funds to reduce debt, which is expected to lower soon. In the retail division, the company shows significant operational efficiency, which produces an impressive turnover of £ 20,500 per square feet. The processing segment, although not fully utilized, is according to the promoters’ statements to receive investments aimed at improving capacity utilization. Considering all these factors, the company shows a strong long-term potential, which results in endorsing a ‘long-term’ recommendation. Patel Retail IPO Details Patel Retail IPO consists of a combination of a new edition of 85.18 Lakh shares, along with an offer for sale of 10.02 Lakh shares of promoters. The funds raised from the new edition will be allocated for repayment of debt, the working capital needs and for general corporate purposes. FedEx Securities serves as the only general manager for books, while Bigshare Services is the presentation registrar. Patel Retail IPO GMP Today is Patel Retail IPO Gray Market Premium +38. This indicates that the Patel trade share price traded at a £ 38 premium in the Gray market, according to Investorgain.com. Taking into account the top of the IPO price band and the current premium in the Gray market, the estimated list price of Patel retail price is indicated at £ 293, which is 14.90% higher than the IPO price of £ 255. will have solid list. The minimum GMP stands at £ 0.00, while the maximum GMP is £ 38, as per expert analysis. ‘Gray Market Premium’ indicates investors’ readiness to pay more than the issue price. Disclaimer: The views and recommendations given in this article are those of individual analysts. This does not represent the views of coin. We advise investors to check with certified experts before making investment decisions.