After a massive oversubscription that saw huge demand from all types of investors, the wait for the Patel Retail IPO results has begun!
The allotment status is expected to be finalized and released late tonight (Friday, August 22nd).
This guide provides the direct link to the official registrar, Bigshare Services, and the simple, step-by-step process you need to follow to check your allotment status.
How to Check Your Patel Retail IPO Allotment Status
The official registrar for the Patel Retail IPO is Bigshare Services Pvt Ltd. The allotment results will be updated on their official website later this evening.
➡️ Direct Link to Check Allotment: Click Here for Bigshare Services Allotment Status
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Steps to check your IPO allotment status:
- Click on the direct link provided above.
- You will see a list of servers (Server 1, Server 2, Server 3). Select any one of them to proceed.
- From the “Company Selection” dropdown menu, choose “Patel Retail Limited”. (Note: This option will only appear after the status is officially declared live by the registrar).
- Choose one of the three options to search for your application:
- Application Number/CAF Number
- Beneficiary ID
- PAN Number (Easiest and most common)
- Enter your details accurately in the selected field.
- Enter the security Captcha.
- Click the “Search” button.
Your allotment status will then be displayed on the screen.
Frequently Asked Questions (FAQ)
- Q: The company name “Patel Retail” is not in the list yet. What should I do?
- A: This is normal. It means the allotment results are not yet live. The data is usually uploaded late in the evening (typically after 7 PM) on the allotment date. Keep checking the link periodically.
- Q: It says “No records found” after I submit. What does that mean?
- A: Unfortunately, due to the high oversubscription, this means you were not selected in the lottery for any shares.
- Q: I wasn’t allotted shares. When will I get my refund?
- A: The refund process and the unblocking of your UPI mandate fund will begin on Monday, August 25th. You should see the amount back in your account by that evening or the next day.
Patel Retail IPO Key Details
Today is the last day to apply for the Patel Retail IPO, which closes at 5 PM. To make an informed decision, you need all the key data.
| IPO Detail | Data for Your Decision |
|---|---|
| IPO Dates | August 19 – August 21, 2025 (Today) |
| Price Band | ₹237 – ₹255 per share |
| Lot Size | 58 Shares per lot |
| Minimum Investment | ₹14,790 for one lot |
| Total Issue Size | Approx. ₹243 Crore |
| Fresh Issue | ₹90 Crore (Money goes to the company for growth) |
| Offer for Sale (OFS) | ₹153 Crore (Money goes to existing shareholders) |
| Listing On | BSE & NSE |
| Registrar | Link Intime India Pvt Ltd |
Don’t Forget the today’s 5PM deadline!
Expert Insight for You: Notice that a larger portion of this IPO is an “Offer for Sale” (OFS). This means most of the money raised is going to the current owners, not to the company itself. While the company is still raising ₹90 crore for its own use, this is a key data point to consider when evaluating the IPO’s primary purpose.
Patel Retail IPO: Live GMP & Subscription Status
Before you apply, you need to see what the market is signaling. The two most powerful indicators are the Grey Market Premium (GMP) and the Subscription Status. Here’s a simple, data-driven breakdown of what they mean for you.
What is the Grey Market Premium (GMP)?
Think of the GMP as the market’s unofficial prediction for the listing price. It’s the premium people are willing to pay for shares before they are even listed. A strong GMP is a very positive sign of high demand.
- Today’s Live GMP: As of this morning (August 21st), the GMP for Patel Retail is holding strong at ₹49 per share. At the upper IPO price of ₹255, this suggests a potential listing gain of around 19%.
(Source: Live data compiled from unlisted market exchanges)
Related: Vikram Solar IPO also closes today, check the details here!
How High is the Demand (Subscription Status)?
This number shows how many times the IPO has been “sold out.” The demand for the Patel Retail IPO has been massive, which tells you that big, professional investors are very interested.
Here’s the subscription status as of the end of Day 2:
| Investor Type | How many times oversubscribed? | What this means for YOU |
|---|---|---|
| Big Institutions (QIB) | 17.38 times | The “big fish” have shown strong confidence. |
| High Net-worth (NII) | 47.86 times | Wealthy investors are bidding heavily. |
| Retail Investors (You!) | 23.53 times | Expect huge competition! Getting shares will be a lottery. |
| Total | 29.94 times | The IPO is in extremely high demand overall. |
Key Takeaway for You: The massive oversubscription, especially from big institutions, combined with a strong and steady GMP, are powerful positive signals. While getting shares will be difficult due to the high demand, these indicators point towards a high probability of a positive listing day.
What is Patel’s R Mart? (The Business Explained Simply)
Now that you’ve seen the hype, what is the actual business you’re investing in?
Think of your friendly neighborhood supermarket. Patel’s R Mart is a chain of 43 such supermarkets focused on serving communities across Maharashtra. It was started in 2008 in Ambernath and has since grown into a strong regional brand.
They operate on a “value retail” model, which is a simple way of saying they focus on selling everyday essentials at competitive prices. Their stores are packed with:
- Groceries & Food Items: Everything from fresh produce to packaged foods.
- FMCG Products: Soaps, detergents, and other daily household goods.
- Private Labels: They also sell their own brands like “Patel Fresh” and “Indian Chaska” to improve their profit margins.
The Key Takeaway for You: You are investing in a traditional, profitable supermarket business that has a strong, local brand in the towns and suburbs of Maharashtra. Its strength lies in understanding its specific customer base in that region.
(Source: Company’s official RHP.)
Patel Retail Financial Performance
After understanding the business, the next big question is: are they financially strong? Let’s look at the numbers.
The data from the company’s official filings shows a business that is profitable and improving its efficiency, even if its total sales have been a bit flat.
Here’s a quick look at their revenue and profit trend over the last three financial years:
| Financial Year | Total Sales (Revenue) | Net Profit (Earnings) |
|---|---|---|
| FY2023 | ₹1,019 Crore | ₹16.3 Crore |
| FY2024 | ₹817 Crore | ₹22.5 Crore |
| FY2025 | ₹826 Crore | ₹25.3 Crore |
What This Means for You (The Simple Takeaway):
While the company’s total sales dipped in FY24 and stayed flat in FY25, the most important number—the Net Profit—has been growing steadily. This is a strong positive sign. It shows that Patel Retail is getting better at managing its costs and is becoming a more profitable and efficient business, which is exactly what investors like to see.
Is Patel Retail the Next DMart? (A Quick Comparison)
Whenever a retail company launches an IPO, investors immediately start comparing it to the industry giant, Avenue Supermarts (DMart).
So, let’s put them head-to-head to see how they really stack up.
| Factor | Patel Retail (The Newcomer) | DMart (The Giant) |
|---|---|---|
| Scale of Business | Regional Player (43 stores, mainly in Maharashtra) | National Giant (300+ stores across India) |
| Business Model | Standard Supermarket Chain | Hyper-efficient, low-cost, ownership model |
| Valuation (P/E Ratio) | Approx. 34x (at IPO price) | Approx. 105x (at current market price) |
The Verdict for You (The Simple Takeaway):
While everyone hopes to find the “next DMart,” it’s clear that Patel Retail is a very different kind of company. It is a strong regional player with a more traditional supermarket model. DMart is a national behemoth with a unique, hyper-efficient business model that is difficult to replicate.
However, the most important number for you is the valuation. The Patel Retail IPO is priced at a P/E ratio that is significantly lower than DMart’s. This means you are not being asked to pay the massive premium that a market leader like DMart commands. You are investing in a smaller, regional company at a much more reasonable price.
The Final Verdict: What Should You Do Before 5 PM?
After analyzing the massive demand, the company’s financials, and comparing it to the industry leader, here is our final verdict for retail investors.
For Short-Term Listing Gains: APPLY ✅
The signals here are overwhelmingly positive.
- The massive 19.50x+ oversubscription shows huge demand from all types of investors.
- The strong and steady Grey Market Premium (~19%) is a clear indicator that the market expects a positive debut.
- The story of a profitable, growing regional retailer is resonating well with the market.
For Long-Term Investment: High-risk, higher reward!
This is a higher-risk, higher-reward bet.
- The Good: The company is profitable, improving its margins, and has a strong local brand.
- The Bad: It faces immense competition from national giants like DMart and has a high concentration of stores in a single state (Maharashtra).
Our Final Call for Retail Investors:
Given the incredibly strong market sentiment, the high demand from institutional investors, and a robust GMP, the short-term outlook is very positive.
Our Verdict: This is a “Subscribe for Listing Gains.”
While the long-term story has its challenges, the momentum and data strongly suggest a successful listing day.
(Disclaimer: This analysis is for informational purposes only and is not financial advice. Please do your own research before investing.)
Beyond his passion for technology, Kushal is also an experienced trader and investor with over five years of experience in the financial markets, specializing in swing and intraday trading of stocks, futures, and options.
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