Overview

• NSE data show 15,22,78,014 bids against 78,15,612 shares by Wednesday, with NIIs at 26.10x, QIBs at 17.16x, and retail at 16.55x.
• The ₹242.76 crore offer comprises a ₹217.21 crore fresh issue and a ₹25.55 crore OFS at a ₹237–255 band, closing on Aug. 21 with allotment on Aug. 22 and a tentative Aug. 26 listing on BSE and NSE.
• Grey‑market premium hovered around ₹49–50 on Aug. 20, implying roughly a 15–20% upside versus the top of the price band, though GMP is an informal, speculative indicator.
• Proceeds are slated for debt repayment of about ₹59 crore, working capital of ₹115 crore, and general corporate purposes.
• The Ambernath‑based chain runs 43 Patel’s R Mart stores concentrated in Thane and Raigad; broker views are mixed, citing a post‑issue FY25 P/E near 33–34x and geographic concentration alongside several long‑term subscribe calls.