The company informed the bourses that it allocated 17,04,388 equity shares at Rs. 255 per share on Monday, August 18, 2025, to anchor investors
FinTech BizNews Service
Mumbai, August 18, 2025: Patel Retail Limited has garnered Rs. 43.46 crores from anchor investors ahead of its initial public offering that opens for public subscription on Tuesday, August 19, 2025. The company informed the bourses that it allocated 17,04,388 equity shares at Rs. 255 per share on Monday, August 18, 2025, to anchor investors.
Some of the marquee Institutions that participated in the anchor includes Chanakya Opportunities Fund, BNP Paribas Financial Markets, Maybank Securities, Beacon Stone Capital, Saint Capital Fund and Pine Oak Global Fund.
Fedex Securities Private Limited is the sole book-running lead manager, and Bigshare Services Private Limited is the registrar of the issue.
IPO Details
The IPO is a mix of fresh issue of shares up to 85,18,000 Equity Shares and an offer for sale up to 10,02,000 Equity Shares Promoters Selling Shareholders.
The Company is proposing to open its initial public offering of Equity Shares (the “Offer”) on Tuesday, August 19, 2025, for subscription and close on Thursday, August 21, 2025. The price band for the Offer has been determined at Rs 237 – Rs 255 per equity share.
The IPO will fetch Rs 242.76 crore at the upper end of the price band.
Investors can bid for a minimum of 58 equity shares and in multiples of 58 equity shares thereafter.
The Offer is being made through the book-building process, wherein not more than 30% of the net issue shall be available for allocation on a proportionate basis to qualified institutional buyers, not less than 25% of the offer shall be available for allocation to non-institutional investors, and not less than 45% of the offer shall be available for allocation to retail individual investors.
