The Patel Retail IPO is turning out to be one of the most talked-about issues of August 2025, as investor demand continues to surge on Day 2 of bidding. According to market trackers, the grey market premium (GMP) is hovering between ₹44 and ₹50 per share, reflecting nearly 17–20% listing gains over the upper price band of ₹255. This indicates a potential listing price close to ₹299 per share, signaling solid market sentiment.
The response from investors has been equally impressive. By the end of Day 2, the IPO was subscribed nearly 19.5 times, with bids pouring in across categories. Non-institutional investors led the rally with subscriptions of around 26 times, followed by qualified institutional buyers at 17 times and retail investors at 16.5 times. Such robust participation underscores confidence in Patel Retail’s growth story.
The IPO, worth about ₹243 crore, includes both a fresh issue and an offer-for-sale. The company has earmarked proceeds for debt repayment, working capital needs, and general corporate purposes, which is expected to strengthen its financial position. The issue price band is fixed at ₹237–₹255 per share, with a minimum lot size of 58 shares.
Founded in 2008, Patel Retail operates the “Patel’s R Mart” supermarket chain, primarily catering to tier-III towns and suburban markets. With 43 stores across Maharashtra and a revenue of ₹820 crore in FY25, the company is emerging as a strong regional retail player.
With the IPO closing on August 21, the grey market action and overwhelming demand suggest a strong listing ahead. While valuations are a factor to watch, today marks a big day for Patel Retail as it captures investor interest and positions itself for future growth.