The basis of allotment for the Patel Retail IPO has been finalized on August 22, 2025, following an exceptional subscription response. Investors can now verify their allotment status through multiple platforms and prepare for the listing on August 26, 2025, on both BSE and NSE.
Patel Retail IPO Subscription Highlights
- IPO Size: ₹242.76 crore
- Overall Subscription: 95.70×
- Breakdown by Category:
- QIBs: 272.4×
- NIIs: 108.2×
- Retail Investors: 42.5×
The overwhelming demand demonstrates strong investor confidence in Patel Retail’s business model and growth prospects.
Current Grey Market Premium (GMP)
As of today, the GMP stands at around ₹50 per share, suggesting a possible listing price of approximately ₹305, which is nearly 20% higher than the upper price band of ₹255. This indicates positive sentiment and strong expectations for listing gains.
Key IPO Details at a Glance
| Event | Date |
|---|---|
| IPO Open Date | August 19, 2025 |
| IPO Close Date | August 21, 2025 |
| Allotment Finalization | August 22, 2025 |
| Refunds Initiation | August 25, 2025 |
| Shares Credited to Demat | August 25, 2025 |
| Listing Date | August 26, 2025 |
IPO Price Band and Lot Size
- Price Band: ₹237 – ₹255 per share
- Lot Size: 58 shares
- Minimum Investment: ₹14,790
How to Check Patel Retail IPO Allotment Status
Investors can check their allotment status using the following methods:
1. Registrar’s Website (Bigshare Services Pvt Ltd)
- Visit the official Bigshare IPO allotment page.
- Select Patel Retail IPO from the dropdown.
- Enter PAN number, Application Number, or DP ID/Client ID.
- Click Submit to view the status.
2. BSE Website
- Go to the BSE IPO allotment status page.
- Select Equity as the issue type.
- Choose Patel Retail IPO.
- Enter Application Number or PAN number.
- Complete the captcha and click Submit.
3. Through Your Broker/Demat Account
- Log in to your broker’s app (Zerodha, Groww, Upstox, Angel One, etc.).
- Navigate to the IPO Section → My Applications.
- Check the allotment status of Patel Retail IPO.
Refund and Share Credit Process
- If allotted: Shares will be credited to your Demat account by August 25, 2025.
- If not allotted: Refunds will be processed to your bank account via UPI mandate reversal or NEFT/RTGS on August 25, 2025.
What Next After Allotment?
If You Got the Allotment:
- Hold for potential listing gains or keep for long-term if you believe in the company’s fundamentals.
If You Didn’t Get the Allotment:
- Refund will be processed automatically.
- You can consider buying on the listing day, but monitor price movements carefully.
Should You Invest in Patel Retail IPO?
Patel Retail operates in a growing retail segment with ambitious expansion plans. Its strong financials and overwhelming subscription response indicate solid investor confidence. The positive GMP also suggests a good chance for listing gains. However, as with any IPO, review the fundamentals before making a long-term investment decision.
Quick Highlights
- Issue Size: ₹242.76 crore
- Price Band: ₹237 – ₹255 per share
- Lot Size: 58 shares
- Minimum Investment: ₹14,790
- Subscription: 95.70× overall
- GMP: ₹50 per share (approx. 20% expected gain)
- Listing Date: August 26, 2025