How to Open Your FREE DEMAT Account
The Indian retail industry is a key driver of the Indian economy, and its contribution is significant in terms of value and its share in the country’s total workforce. It contributed around 10% to the country’s total GDP and employs around 8% of the total workforce. India’s food retail market has undergone a significant transformation over the past decade and is projected to reach approximately $850 billion by 2025.
| Particulars | Details |
|---|---|
| IPO Open Date | August 19, 2025 |
| IPO Close Date | August 21, 2025 |
| Price Band | ₹237 to ₹255 per share |
| Lot Size | 58 Shares |
| Issue Size | ₹2,427 mln |
| Listing At | BSE, NSE |
| Tentative Listing Date | [To be announced] |
Patel Retail is primarily engaged as a retail supermarket chain operating in tier-III cities and nearby suburban areas, with focus on “value retail”, offering food, non-food (FMCG), general merchandise and apparel catering to the needs of the entire family. Incorporated in Fiscal 2008, the company started its first store under the brand “Patel’s R Mart” at Ambernath, Maharashtra and since, its operations are spread across the suburban area of Thane and Raigad district in Maharashtra. As on May 31, 2025, it operates and manages forty-three stores, with a Retail Business Area25 of approx. 1,78,946 sq.fts. With its objective to increase margin and to promote its brand “Patel’s R Mart”, it launched its private label goods comprising of Pulses (Patel Fresh) and spices (Indian Chaska), which it buys in bulk quantities and package and brand after its quality checks and inspections at its processing and packing facility at Ambernath, Maharashtra (Facility 1), and men’s wear (Blue Nation), home improving products (Patel Essentials), ready-to-cook / instant mix (Patel Fresh), ghee and papad (Indian Chaska) which it buys from third party vendors under its brands. Since incorporation in Fiscal 2008, the company has increased its store offerings and as on May 31, 2025 it offers around 38 product categories with over 10,000 product SKUs in its stores.
The company has delivered a resilient performance in FY25 with revenues stabilizing at ₹8,206.9 million, marking a return to growth after the decline seen in FY24. Profitability remains healthy, with gross margins sustaining at ~19% on the back of better cost efficiencies, while EBITDA and PAT margins remain steady despite elevated operating costs. A stronger focus on deleveraging has already brought down net debt/EBITDA to 2.7x, alongside a steady improvement in the debt-equity ratio. Operationally, the company is undergoing a positive structural shift, with the domestic market now contributing 67% of revenues (vs. 35% in FY23) and retail sales scaling up to 45% of the topline (vs. 26% in FY23), reflecting deeper market penetration and stronger customer connect.
Objects of the issue:
- Repayment of borrowings- ₹590 million
- Funding Working Capital requirement- ₹1150 million
📱 Apply Online through the SMIFS ELITE App | Download now:
Experience seamless investing at your fingertips!
