IPO Details
Bidding Dates
To be announced
Minimum Investment
To be announced
Price Range
To be announced
Maximum Investment
To be announced
Retail Discount
To be announced
Issue Size
Up to 1,00,20,000 Equity Shares aggregating up to ₹ [●] Lakhs
Investor category and sub category
RIIs | NIIs | QIBs | Eligible employees |About Patel Retail Limited
Patel Retail Limited, established in 2008, is a leading retail supermarket chain primarily serving tier-III cities and suburban areas, particularly in Maharashtra's Thane and Raigad districts.
With a focus on value retail, the company operates thirty-one stores spanning approximately 1,26,000 sq. ft. As part of its strategy to enhance margins and brand visibility, Patel's R Mart has introduced private label products like "Patel Fresh" pulses and "Indian Chaska" spices, sourced and packaged at their processing facility in Ambernath, Maharashtra.
The company has diversified its offerings to include menswear ("Blue Nation"), home improvement products ("Patel Essentials"), and ready-to-cook items. Backward integration initiatives include production facilities in Kutch, Gujarat, for processing peanuts, spices, and fruits, along with an agri-processing cluster.
Patel Retail has leveraged its sourcing capabilities to expand into international markets, exporting staples, groceries, and spices to over forty countries, while also engaging in domestic and international trading of various food and non-food products.
Industry Outlook:
- India's food & grocery retail segment, valued at USD 473 billion in 2022, is projected to grow at a CAGR of 10% till 2030, driven by rising consumption and premiumisation trends.
- Staples and fresh produce dominate 80% of spending, while packaged snacks, confectionary, and beverages experience a robust 15% annual growth.
Patel Retail Limited IPO Details
Patel Retail Limited IPO Dates
The exact dates are yet to be announced.
Patel Retail Limited IPO Price Band
The exact price range is yet to be announced.
Patel Retail Limited IPO Lot Size
The exact lot size is not announced yet.
Patel Retail Limited IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Repayment/prepayment, in full or part, of certain borrowings availed of by the Company;
- Funding of working capital requirements of the Company; and
- General corporate purposes.
Peer Details
The companies considered by Patel Retail as its peers include:
- Avenue Supermarts Limited
- Spencers Retail Limited
- Osia Hyper Retail Limited
- Aditya Consumer Marketing Limited
- Sheetal Universal Limited
- Kovilpatti Lakshmi Roller Flour Mills Limited
- KN Agri Resources Limited
- Madhusudhan Masala Limited
How to Check the Allotment Status of the Patel Retail Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the individual order details page of the IPO that you had applied for.
- Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.
Contact Details of Patel Retail Limited IPO
- Registered office: Plot No. M-2, Anand Nagar, Additional MIDC, Ambernath (East)- 421506, Ambernath, Maharashtra, India
- Phone: +91 7391043825
- E-mail:cs@patelrpl.net
IPO Financials
| Particulars | For the 6-month period Ended on September 30, 2023 | Year ending on March 31, 2023 | Year ending on March 31, 2022 | Profit After Tax |
|---|---|---|---|---|
| Revenue from Operations (in ₹ lakh) | 44,598.21 | 1,01,854.78 | 76,615.91 | 82,337.46 |
| Profit After Tax (PAT) (in ₹ lakh) | 977.78 | 1,637.97 | 1,137.03 | 1,149.74 |
| Cash & Cash Equivalents (in ₹ lakh) | 436.23 | 264.62 | 1,293.54 | 165.50 |
| Net Worth (in ₹ lakh) | 8,165.25 | 7,186.92 | 5,584.24 | 4,450.03 |
| Debt to Equity Ratio(x) | 2.00 | 2.54 | 3.06 | 3.96 |
| Return on Equity (%) | 12.15% | 23.66% | 20.61% | 26.39% |
| Return on Capital Employed (RoCE) (%) | 7.88% | 12.66% | 7.28% | 8.57% |
| Earning Per Share (EPS)-in absolute ₹ | 4.01 | 6.72 | 4.66 | 5.29 |
Know before investing
Strengths
4-
Patel Retail Limited boasts a robust expansion track record, growing from 1 store in 2008 to 31 across 10 cities by September 2023.
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Leveraging a cluster-based approach, Patel Retail strengthens its market presence, optimising supply chains and achieving economies of scale.
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With over 1500 farmers in its procurement network, Patel Retail secures quality produce, negotiating better terms and stabilising costs.
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Patel Retail's strong promoter background and experienced management team drive customer-centric strategies, leading to consistent growth and profitability.
Risks
4-
Patel Retail Limited faces risk due to store concentration in Maharashtra, potentially impacting revenue and market share.
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Patel Retail Limited's low inventory model may lead to supply disruptions, product expiration, and inaccurate forecasting, affecting operations and reputation.
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Patel Retail Limited encounters financial risks from foreign exchange fluctuations, despite hedging efforts, impacting revenue and cash flows unpredictably.
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Patel Retail Limited confronts regulatory compliance challenges, including permit delays and labour contract obligations, which may disrupt operations and affect financial performance.
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Patel Retail IPO FAQs
Patel Retail IPO is a book-built IPO. The exact dates and price range are yet to be announced.
The exact dates and price range are yet to be announced.
The IPO subscription window is not announced yet.
Retail investors can apply for a minimum of one lot. However, the lot size has not been announced yet.
The exact date is not announced yet.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the individual order details page of the IPO that you had applied for.
- Check the IPO allotment status as such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The exact date is not announced yet.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
