Patel Retail IPO

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Issue size	Rs. 0 Cr
Price band	Rs. 0 to 0 per equity share
Bid lot	0 shares and in multiples thereof
Issue break-up	QIB - Rs. 0.0 Cr
	HNI - Rs. 0.0 Cr
	RET - Rs. 0.0 Cr
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Company Details

We are primarily engaged as a retail supermarket chain operating in tier-III cities and nearby suburban areas, with focus on “value retail”, offering food, non-food (FMCG), general merchandise and apparel catering to the needs of the entire family. Incorporated in Fiscal 2008, our Company started its first store under the brand “Patel’s R Mart” at Ambernath, Maharashtra and since, our operations are spread across the suburban area of Thane and Raigad district in Maharashtra. Over the years we have emerged as a player managing one of the largest network stores in the MMR region (source: D&B Report). As on December 31, 2023 we operate and manage thirty-one (31) stores, with a Retail Business Area28 of approx. 1,26,000 sq.fts.

With our objective to increase margin and to promote our brand “Patel’s R Mart”, we launched our private label goods comprising of Pulses (“Patel Fresh”) and spices (“Indian Chaska”), which we buy in bulk quantities and package and brand after our quality checks and inspections at our processing and packing facility at Ambernath, Maharashtra (“Facility 1”), and mens wear (“Blue Nation”), home improving products (“Patel Essentials”), ready-to-cook / 28 The total built-up area of a store as per the lease/leave and license/sale agreement, as the case maybe (carpert area * 1.64) 252 instant mix (“Patel Fresh”), ghee and papad (“Indian Chaska”) which we buy from third party vendors under our brands. Since incorporation in Fiscal 2008, we have increased our store offerings and as on December 31, 2023 we offer around 38 product categories with over 10,000 product SKUs in our stores.

As our backward integration strategy and to control our supply chain, we started our production facility at Survey No. 145/1, Bhuj Bachau Highway, Village Dudhai, Taluka Anjar, District Kutch, Gujarat - 370115 (“Facility 2”), where we process peanuts and whole spices, such as coriander seed and cumin seeds. Further as a part of our strategy to broaden our product offering across the value chain, we built an agri processing cluster spread over 15.925 Acres of land area at Survey No. 170/2, Bhuj Bachau Highway, Village Dudhai, Taluka Anjar, District Kutch, Gujarat – 370115, comprising of 5 (five) production units collectively (“Facility 3”), 1 (one) fruit pulp processing unit (“F&V Unit”), dry warehouse of 2546.29 sq. mtr. with storage capacity of 3040 MT, cold storage with capacity of 3000 MT and also our inhouse testing & research laboratory (collectively referred to as “Agri-cluster”). Our Facility 1, Facility 2 and Facility 3 will be hereinafter collectively referred to as “Facilities”, our Facility 1, Facility 2 and Agri-cluster will be hereinafter collectively referred to as “Manufacturing Facilities”, and Facility 2 and Agri-cluster will be collectively referred to as “Kutch Facilities”

Further, by capitalizing our sourcing strenghth we ventured into export of staples, groceries, pulses, spices and pulps. We export these products under our brand Patel Fresh & Indian Chaska and also that of the brand of our customers from our Manufacturing Facilities. Furthermore, we also undertake domestic and export trading of assorted/ mix container of food and non-food products, such as FMCG goods, household items, kitchen appliances, etc. from reputed third party brands and also into bulk trading of agri commodities such as, rice, sugar, pulses, edible oil etc. We have exported to over forty (40) countries during the disclosed financial period.

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Under the EQUITY dropdown option, tap IPO/OFS/BOND to land on the IPO dashboard.
Click on the Current IPO tab and select the IPO of your choice.
On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form.
Read and accept the Terms & Conditions and click on the SUBMIT button. Recheck the details on the order confirmation screen and confirm the order.
Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well.
Log in to your UPI app and go to the pending mandates section.
Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.

Note: The actual amount will be debited when the shares are allotted to you.

How to apply for an IPO on the Mirae Asset Sharekhan app

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Log in to the Mirae Asset Sharekhan website and click the IPO & OTHERS menu option you see on the top-right.
From the list of Active IPOs, select the IPO of your choice
On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form. Read and accept the Terms & Conditions and click on the SUBMIT button.
Recheck the details on the order confirmation screen and confirm the order.
Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well. Log in to your UPI app and go to the pending mandates section.
Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.
Your IPO order will now appear on your Mirae Asset Sharekhan Order Book, from where you can modify or cancel your IPO bid if you so wish.

Note: The actual amount will be debited when the shares are allotted to you.

How does an IPO work?

An IPO offers share market participants like you and me an opportunity to be a shareholder in an erstwhile privately held company that is now going public and being listed on the market. Historically speaking, investors who choose the right IPOs make significant returns on their investments, which increases the attraction of IPOs.

Once you are a shareholder, you are eligible to receive dividends from the company proportional to the shares you own. You can also sell your stocks for profit on the stock exchange.

In exchange for its shares, the company has an opportunity to raise huge capital to be used to further enhance its business and scale up its operations. The company also has other benefits, such as credibility; visibility; better leverage to effect mergers, acquisitions and even to procure loans at lower rates of interest.

In India, the entire IPO process is ably regulated by the Securities & Exchange Board of India (SEBI), right from the IPO filing by the company to the bidding, allotments and refunds (in case you aren't allotted shares due to oversubscription).

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Patel Retail IPO

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Company Details

How to apply for an IPO on the Mirae Asset Sharekhan app

How to apply for an IPO on the Mirae Asset Sharekhan website

How does an IPO work?

IPO Calendar

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