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1h ago

Patel Retail IPO Opens Aug. 19 at Rs 237–255 Price Band

Broker research signals a long-term 'subscribe' view at a fully priced valuation.

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Patel Retail IPO opens today: Should you subscribe to it or give a skip

Overview

  • The Rs 242.76 crore offering comprises a fresh issue of 85 lakh shares worth Rs 217.21 crore and a 10 lakh-share OFS of Rs 25.55 crore.
  • The company plans to use the proceeds to repay debt, fund working capital and for general corporate purposes.
  • The schedule targets allotment on Aug. 22, demat credits and refunds on Aug. 25, and listing on the BSE and NSE on Aug. 26.
  • Grey-market indications tracked by InvestorGain on Aug. 18 pointed to roughly a 14.7% premium to the upper band, an unofficial signal that can diverge from actual listing prices.
  • Patel Retail operates 43 Patel’s R Mart stores concentrated in Maharashtra’s Thane and Raigad districts, a footprint that underscores geographic concentration risk alongside elevated leverage.