Overview

• Patel Retail, a Maharashtra‑focused value supermarket chain with 43 stores, opened a Rs 242.76 crore book‑built offer priced at Rs 237–255 per share for bidding from Aug. 19–21.
• NSE data show strong category demand on day one, with QIBs at 9.88 times, NIIs at 7.40 times and retail investors at 4.93 times.
• The grey‑market premium was about Rs 45 on Tuesday, implying an indicative listing near Rs 300 per share, though such quotes are unofficial.
• Ahead of the public offer, the company raised about Rs 43.46 crore by allocating 17,04,388 shares at Rs 255 each to six anchor investors.
• Share allotment is slated for Aug. 22 with a tentative listing on Aug. 26, and proceeds are earmarked for debt repayment, working capital and general corporate purposes.