Patel Retail IPO, a well-established value-focused supermarket chain operating under the brand name “Patel’s R Mart,” is set to launch its Initial Public Offering (IPO) in August 2025. The company primarily caters to Tier-III cities and suburban areas, offering a wide range of products under multiple categories, including groceries, fresh produce, household essentials, and private labels such as Patel Fresh, Indian Chaska, Blue Nation, and Patel Essentials. Incorporated in 2008, Patel Retail has expanded its presence significantly and now offers over 10,000 stock keeping units (SKUs) across 38 product categories.

The IPO will open for subscription on August 19, 2025, and close on August 21, 2025, with an anchor investor round on August 18, 2025. It comprises a fresh issue of 85.18 lakh equity shares (after a 5-lakh-share pre-IPO placement) and an offer-for-sale of 10.02 lakh shares by the promoters. The price band has been fixed between ₹237 and ₹255 per equity share, approximately 15% lower than the price achieved in the November 2024 pre-IPO round. Through this offering, the company aims to raise around ₹242.76 crore, including ₹217.21 crore from the fresh issue and ₹25.55 crore via offer-for-sale.

The funds raised will be utilized for debt repayment of about ₹59 crore, meeting working capital requirements of approximately ₹115 crore, and for general corporate purposes. The basis of allotment is expected to be finalized on August 22, 2025, and the shares are scheduled to be listed on both BSE and NSE on August 26, 2025. For the fiscal year ending March 2025, Patel Retail reported revenue of ₹825.99 crore and a net profit of ₹25.28 crore, reflecting strong growth and a healthy return on equity of 19.02%.