Patel Retail IPO – Review
Patel Retail Limited, a dependable neighborhood supermarket chain in India, is planning to raise ₹ 243 Crore through an IPO.
[Fresh Issue ₹ 217 Cr + OFS ₹ 26 Cr]
Patel retail ipo share price is ₹ 237 – ₹ 255 per share
Patel Retail – History
The Company was originally incorporated as Patel Retail Private Limited at Ambernath (Maharashtra, India) as a private limited company under the Companies Act, 1956.
The Company was converted into a public limited company under a special resolution approved by the shareholders on July 18, 2023, and its name was changed to Patel Retail Limited under a fresh certificate of incorporation issued by the RoC, Maharashtra, on August 28, 2023.
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Patel Retail – Business
Patel Retail Ltd. is engaged as a retail supermarket chain operating in tier-III cities and nearby suburban areas, with a focus on value retail.
The company offers a range of products, including food, non-food (FMCG), general merchandise, and apparel, catering to the needs of the entire family.
The Company is a supermarket chain that offers value for money, and runs a retail business under the brand name of Patel’s R Mart.
Its primary objective is to increase margin and to promote Patel’s R Mart brand, so it launched private label goods comprising –
- Pulses (Patel Fresh),
- Spices (Indian Chaska),
- Men’s Wear (Blue Nation),
- Home Improving Products (Patel Essentials),
- Ready to Cook / Instant Mix (Patel Fresh),
- Ghee and Papad (Indian Chaska)
The Company has exported its products to over forty (40) countries during the disclosed financial period.
Products & Distribution
As of May 31, 2025, the Company has 38 product categories across 10,000 SKUs.
Its products are distributed across various states in India, with the majority of sales originating from Gujarat and Maharashtra.
Manufacturing Facilities
Patel Retail Limited manages three (3) main facilities supporting its retail and private label operations.
- Facility 1 (Ambernath, Maharashtra)
- Facility 2 (Dudhai, Kutch, Gujarat)
- Facility 3 (Agri-Processing Cluster, Dudhai, Kutch, Gujarat)
Strategies Ahead
- Strengthen market position by expanding store network in existing clusters as well as new clusters
- Enhancing sales volumes by prioritising customer satisfaction and offering value for money using the EDLC/EDLP strategy
- Strengthening procurement network and increasing share of private labels
- Continue to launch new products and enhance the customer base
- Focus on increasing brand awareness
- Expand market presence to other states in India and increase distribution reach
Company Promoters
- Dhanji Raghavji Patel
- Bechar Raghavji Patel
Refer to the Patel Retail DRHP for detailed information.
IPO Details
Patel Retail IPO date = 19 to 21 August 2025
Minimum Amount = INR 14,790
Minimum Bid = 58 Shares
Face Value (FV) = INR 10
Listing On = NSE, BSE
Book Running Lead Manager
FedEx Securities Private Limited
Financials
CONCLUSION
FinBlab recommends ‘MAY SUBSCRIBE‘ ratings on Patel Retail IPO
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