Patel Retail IPO

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Company Details

Patel Retail Ltd is primarily engaged as a retail supermarket chain operating in tier-III cities and nearby suburban areas, with focthem on “value retail”, offering food, non-food (FMCG), general merchandise and apparel catering to the needs of the entire family. Incorporated in Fiscal 2008, their Company started its first store under the brand “Patel’s R Mart” at Ambernath, Maharashtra and since, their operations are spread across the suburban area of Thane and Raigad district in Maharashtra. Over the years they have emerged as a player managing one of the largest network stores in the MMR region (source: D&B Report). As on December 31, 2023 they operate and manage thirty-one (31) stores, with a Retail Business Area28 of approx. 1,26,000 sq.fts.

With their objective to increase margin and to promote their brand “Patel’s R Mart”, they launched their private label goods comprising of Pulses (“Patel Fresh”) and spices (“Indian Chaska”), which they buy in bulk quantities and package and brand after their quality checks and inspections at their processing and packing facility at Ambernath, Maharashtra (“Facility 1”), and mens wear (“Blue Nation”), home improving products (“Patel Essentials”), ready-to-cook / 28 The total built-up area of a store as per the lease/leave and license/sale agreement, as the case maybe (carpert area * 1.64) 252 instant mix (“Patel Fresh”), ghee and papad (“Indian Chaska”) which they buy from third party vendors under their brands. Since incorporation in Fiscal 2008, they have increased their store offerings and as on December 31, 2023 they offer around 38 product categories with over 10,000 product SKUs in their stores.

As their backward integration strategy and to control their supply chain, they started their production facility at Survey No. 145/1, Bhuj Bachau Highway, Village Dudhai, Taluka Anjar, District Kutch, Gujarat - 370115 (“Facility 2”), where they process peanuts and whole spices, such as coriander seed and cumin seeds. Further as a part of their strategy to broaden their product offering across the value chain, they built an agri processing cluster spread over 15.925 Acres of land area at Survey No. 170/2, Bhuj Bachau Highway, Village Dudhai, Taluka Anjar, District Kutch, Gujarat – 370115, comprising of 5 (five) production units collectively (“Facility 3”), 1 (one) fruit pulp processing unit (“F&V Unit”), dry warehouse of 2546.29 sq. mtr. with storage capacity of 3040 MT, cold storage with capacity of 3000 MT and also their inhouse testing & research laboratory (collectively referred to as “Agri-cluster”). Their Facility 1, Facility 2 and Facility 3 will be hereinafter collectively referred to as “Facilities”, their Facility 1, Facility 2 and Agri-cluster will be hereinafter collectively referred to as “Manufacturing Facilities”, and Facility 2 and Agri-cluster will be collectively referred to as “Kutch Facilities”

Further, by capitalizing their sourcing strenghth they ventured into export of staples, groceries, pulses, spices and pulps. They export these products under their brand Patel Fresh & Indian Chaska and also that of the brand of their customers from their Manufacturing Facilities. Furthermore, they also undertake domestic and export trading of assorted/ mix container of food and non-food products, such as FMCG goods, household items, kitchen appliances, etc. from reputed third party brands and also into bulk trading of agri commodities such as, rice, sugar, pulses, edible oil etc. They have exported to over forty (40) countries during the disclosed financial period.

Log in to the Mirae Asset Sharekhan app and tap the hamburger menu.
Under the EQUITY dropdown option, tap IPO/OFS/BOND to land on the IPO dashboard.
Click on the Current IPO tab and select the IPO of your choice.
On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form.
Read and accept the Terms & Conditions and click on the SUBMIT button. Recheck the details on the order confirmation screen and confirm the order.
Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well.
Log in to your UPI app and go to the pending mandates section.
Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.

Note: The actual amount will be debited when the shares are allotted to you.

How to apply for an IPO on the Mirae Asset Sharekhan app

How to apply for an IPO on the Mirae Asset Sharekhan website

Log in to the Mirae Asset Sharekhan website and click the IPO & OTHERS menu option you see on the top-right.
From the list of Active IPOs, select the IPO of your choice
On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form. Read and accept the Terms & Conditions and click on the SUBMIT button.
Recheck the details on the order confirmation screen and confirm the order.
Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well. Log in to your UPI app and go to the pending mandates section.
Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.
Your IPO order will now appear on your Mirae Asset Sharekhan Order Book, from where you can modify or cancel your IPO bid if you so wish.

Note: The actual amount will be debited when the shares are allotted to you.

How does an IPO work?

An IPO offers share market participants like you and me an opportunity to be a shareholder in an erstwhile privately held company that is now going public and being listed on the market. Historically speaking, investors who choose the right IPOs make significant returns on their investments, which increases the attraction of IPOs.

Once you are a shareholder, you are eligible to receive dividends from the company proportional to the shares you own. You can also sell your stocks for profit on the stock exchange.

In exchange for its shares, the company has an opportunity to raise huge capital to be used to further enhance its business and scale up its operations. The company also has other benefits, such as credibility; visibility; better leverage to effect mergers, acquisitions and even to procure loans at lower rates of interest.

In India, the entire IPO process is ably regulated by the Securities & Exchange Board of India (SEBI), right from the IPO filing by the company to the bidding, allotments and refunds (in case you aren't allotted shares due to oversubscription).

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NSB BPO Solutions Ltd.

Price: 121 - 140 | IPO Lot Size: 1000 | IPO Issue Size: NA
Open Date: 23 Sep 2025 | Close Date: 07 Oct 2025

Patel Retail IPO

Company Details

How to apply for an IPO on the Mirae Asset Sharekhan app

How to apply for an IPO on the Mirae Asset Sharekhan website

How does an IPO work?

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