The Patel Retail IPO opened for subscription on 19 August 2025 and will close on 21 August 2025, leaving just one more day for investors to apply. The issue has received an overwhelming response, with the IPO subscribed 19.50 times by the end of Day 2.
The company has set the Patel Retail IPO price band at ₹237 to ₹255 per share. Patel Retail aims to raise ₹242.76 crore, comprising a fresh issue of ₹217.21 crore and an Offer for Sale (OFS) of ₹25.55 crore. Post-issue, the shares are proposed to be listed on both BSE and NSE.
Patel Retail IPO GMP Today
According to market observers, the Patel Retail IPO grey market premium (GMP) stands at around ₹40, indicating a likely listing price of ₹295 (₹255 + ₹40). This suggests an estimated 20% listing gain over the upper price band. Strong subscription numbers and improving market sentiment are seen as key drivers of the bullish grey market outlook.
Patel Retail IPO Subscription Status (Day 2)
- Overall Subscription: 19.50 times
- Retail Investors (RII): 16.58 times
- Non-Institutional Investors (NII): 26.11 times
- Qualified Institutional Buyers (QIBs): 17.16 times
Disclaimer
Grey Market Premium (GMP) data is based on market observers and is unofficial, unregulated, and subject to high volatility. Investors are advised not to rely solely on GMP figures and should make investment decisions based on their own research or professional financial advice.
