Patel Retail Limited - IPO
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Patel Retail IPO Subscription
Patel Retail IPO Application Wise Breakup (Approx)
Patel Retail IPO Dates
- 19 Aug 2025Opening dateOPD
- 21 Aug 2025Closing dateCOD
- 22 Aug 2025Basis of AllotmentBOA
- 25 Aug 2025Initiation of RefundsIOR
- 25 Aug 2025Credit of SharesCOS
- 26 Aug 2025Listing dateLID
Patel Retail IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 58 | ₹14,790 |
| Retain Maximum | 13 | 754 | ₹192,270 |
| SHNI Minimum | 14 | 812 | ₹207,060 |
| SHNI Maximum | 67 | 3886 | ₹990,930 |
| BHNI Minimum | 68 | 3944 | ₹1,005,720 |
Patel Retail IPO Reservation
Promoter Holding
Patel Retail IPO Valuations
Patel Retail Limited Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 382.86 | 333.02 | 303.12 |
| Total Income | 825.99 | 817.71 | 1,019.80 |
| Profit After Tax | 25.28 | 22.53 | 16.38 |
| EBITDA | 62.43 | 55.84 | 43.24 |
| Net Worth | 134.57 | 94.40 | 71.87 |
| Total Borrowing | 180.54 | 185.75 | 182.81 |
| Amount in ₹ Crore | |||
About Patel Retail IPO
Incorporated in 2008, Patel Retail Limited is a retail supermarket chain that operates primarily in tier-III cities and nearby suburban areas. The stores offer a wide range of products, including food, non-food (FMCG), general merchandise, and apparel.
The company opened its first store under the brand name “Patel’s R Mart” in Ambernath, Maharashtra. As of May 31, 2025, the company operated 43 stores across suburban areas of Thane and Raigad districts in Maharashtra, with a total retail area of approximately 1,78,946 sq. ft.
To enhance margins and brand recognition, Patel Retail Limited has launched private label products such as “Patel Fresh” (pulses and ready-to-cook items), “Indian Chaska” (spices, ghee, and papad), “Blue Nation” (men’s wear), and “Patel Essentials” (home improvement items).
Manufacturing Facilities:
Patel Retail Limited manages three main facilities supporting its retail and private label operations.
- Facility 1 (Ambernath, Maharashtra): This location handles processing, quality checks, and packaging of private label products such as pulses, ready mixes, and select grocery items.
- Facility 2 (Dudhai, Kutch, Gujarat): This production unit processes agri-products like peanuts, coriander seeds, and cumin seeds, serving as a key component of the company’s backward integration strategy.
- Facility 3 (Agri-Processing Cluster, Dudhai, Kutch, Gujarat): Spread over 15.925 acres, this integrated agri-cluster includes five production units, a fruit pulp processing unit, a dry warehouse (3,040 MT capacity), a cold storage facility (3,000 MT capacity), and an in-house testing and research laboratory.
These facilities are collectively referred to as the Manufacturing Facilities, while Facility 2 and the Agri-Processing Cluster together are known as the Kutch Facilities.
Operations & Distribution:
Patel Retail Limited positions its stores as neighbourhood supermarkets catering to both daily needs and bulk shopping. In addition to its core retail activity, the company also generates rental income through vendor arrangements within its stores.
As of May 31, 2025, it has 38 products categories across 10,000 SKUs. Its products are distributed across various states, with the majority of sales originating from Maharashtra and Gujarat.
Strength Of Patel Retail IPO
1. Value retailing to a well-defined target consumer base.
2. Deep knowledge and understanding of optimal product assortment and stringent inventory management using IT systems.
3. Steady footprint expansion using a distinct store acquisition strategy and ownership model.
4. Our Presence.
5. Logistics and distribution network.
6. Diversified product portfolio.
7. Large scale procurement and storage capabilities.
8. Consistent focus on quality.
9. Long Standing Relationship with our customers.
10. Strong promoter background and an experienced and entrepreneurial management team with a proven track record and a high degree of employee ownership.
Risk Of Patel Retail IPO
1. All its retail stores are concentrated in the state of Maharashtra, more particularly within the Thane and Raigad district. In the Financial Years 2022-23, 2021-22 and 2020-21 and the six months period ended September 30, 2023, its revenue from retail sales accounted for 26.17%, 32.59%, 28.73% and 31.17% of its revenue from operations, respectively. Any adverse developments affecting its operations in such region, could have an adverse impact on the company retail business, financial condition, results of operations and cash flows.
2. Its inability to maintain an optimal level of inventory in the company stores may impact its operations adversely.
3. The company faces foreign exchange risks that could adversely affect its results of operations and cash flows.
4. Its business is operating under various laws which requires the company to obtain approvals from the concerned statutory/ regulatory authorities in the ordinary course of business. Some of its approvals are required to be transferred in the name of Patel Retail Limited from Patel Retail Private Limited, pursuant to change of name of the Company. Its inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for its business operations in a timely manner could materially and adversely affect its business, prospects, results of operations and financial condition.
5. The company appoint contract labour for carrying out its operations (including its stores) and the company may be held responsible for payment of wages of such workers, if the independent contractors through whom such workers are hired default on their payment obligations. Such obligations could have an adverse impact on its results of operations, cash flows and financial condition.
6. Any inability to comply with food safety laws, environmental laws and other applicable regulations in relation to its manufacturing facilities and stores may adversely affect the company's business, financial condition and results of operations.
7. The Company may be involved in certain legal and regulatory proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations, financial condition and cash flows.
8. The company has certain contingent liabilities that have been disclosed in the Restated Financial Information, which if they materialise, may adversely affect its business, results of operations, financial condition and cash flows.
9. Its Promoters and Directors Dhanji Raghavji Patel (Chairman and Managing Director) and Bechar Raghavji Patel (Whole-time Director) and Hiren Bechar Patel (Non-Executive Director) does not possess educational qualifications in the field in which the Company operates.
10. The Company depends on the skills, knowledge and experience of its Promoter, Key Management Personnel and Senior Management for its growth. The loss of their services may have a material adverse effect on its business, financial condition, and results of operations.
Objectives Patel Retail IPO
1. Repayment/prepayment, in full or part, of certain borrowings availed of by the Company.
2. Funding of working capital requirements of the Company.
3. General corporate purposes.
Company Contact Details
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/
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