Patel Retail Ltd is expected to finalise the share allotment status for its initial public offering (IPO) on Friday, August 22.The ₹242.76-crore mainboard IPO was overall booked 95.7 times on the last day of bidding on Thursday. The IPO received bids for more than 74.79 crore shares against 78.15 lakh shares on offer, as per the NSE data.The IPO was open for subscription from August 19 to August 21.
The retail segment of the IPO was booked 42.49 times, while the Non-Institutional Investors’ portion was subscribed 108.17 times. The Qualified Institutional Buyers’ (QIBs) category was subscribed 272.43 times.Following the issue, the company’s market capitalisation is expected to range between ₹792-852 crore. The company has proposed to utilise the IPO funds for debt repayment, working capital requirements and general corporate purposes.The mainboard issue was a combination of a fresh issuance of 85.18 lakh shares, worth ₹217.21 crore, and an offer-for-sale (OFS) compartment of 10.02 crore shares, amounting to ₹25.55 crore.Investors who bid for the IPO shares can verify their allotment status online through BSE, NSE, or the official website of the issue registrar, Bigshare Services Pvt. Ltd.Steps to check Patel Retail IPO share allotment on BSE:Visit the IPO allotment page on the BSE website:
Select ‘Equity’ as the issue type
Select Patel Retail Ltd. from the dropdown menu for issue names
Input your application number or PAN to proceed
Click on search to review your share allotment detailsSteps to check IPO allotment status on Bigshare Services:Visit the link:
Select any of the server links from the three options
From the dropdown list for company names, select ‘Patel Retail Ltd’
Select any one of these: PAN, Application Number, or beneficiary ID
Enter the required details
Click on ‘Submit’ to check the allotment status
The IPO share allotment status can also be checked on the NSE website using the PAN and application number.Patel Retail Ltd. is expected to credit the shares to the Demat accounts of successful bidders on Monday, August 25. In addition, the company will initiate refunds for non-allottees on the same day.Shares of the company are tentatively scheduled for listing on the NSE and BSE on Tuesday, August 26.Patel Retail, founded in 2008, began its operations with its first outlet in Ambernath, Maharashtra. It has since spread its operations throughout Thane’s suburban regions and Maharashtra’s Raigad district.The company, under the brand ‘Patel’s R Mart’, operates in tier-III cities and suburban regions, offering an assorted range of products including food, non-food items, general merchandise and apparel, catering to family requirements. As of May 31, 2025, the company operated 43 stores.
