Archive · 21 Aug 2025
Patel Retail IPO Shows Strong Demand on Day 2
Patel Retail is selling shares to the public, and the IPO was very popular on day 2.
Different investors, including big companies and regular people, showed a lot of interest.
The company hopes to raise money to pay debts and run its operations.
Market observers predict a positive debut for Patel Retail shares in the grey market.
Patel Retail IPO was oversubscribed 19.50 times on its second day.
The IPO aims to raise ₹242.76 crore.
Non-institutional investors subscribed 26.11 times.
Qualified Institutional Buyers (QIBs) subscribed 17.16 times.
Retail Individual Investors (RIIs) subscribed 16.58 times.
- Who
- Patel Retail Ltd
- What
- Patel Retail IPO subscription status.
- When
- Second day of bidding, concluding August 21.
- Where
- BSE and NSE.
- Why
- To raise capital for debt payment, working capital, and general corporate purposes.
Investment Recommendations
Investment Considerations
Investment Strategy
Investment Recommendations
Strong subscription and positive grey market sentiment suggest investors should subscribe.
Investment Considerations
Company's valuations and retail market opportunities appear unattractive; hence, do not subscribe.
- Company
- Patel Retail Ltd
- IPO Size
- ₹242.76 crore
- Subscription (Overall)
- 19.50 times
- Subscription (Non-Institutional Investors)
- 26.11 times
- Subscription (QIBs)
- 17.16 times
- Subscription (RIIs)
- 16.58 times
- Price Band
- ₹237 to ₹255 apiece
- GMP
- ₹40
Sources
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Patel Retail IPO booked 19.48 times on Day 2 of bidding
Patel Retail IPO booked 19.48 times on Day 2 of bidding
Patel Retail IPO day 3: GMP, subscription status to review. Apply or not?