Patel Retail IPO Allotment Finalised: Shares to List on August 26 with 95.7× Demand

New Delhi, August 22: Patel Retail, the latest entrant in India’s buzzing IPO season, has closed its allotment round on a resounding high. With subscription numbers that stunned even seasoned Dalal Street observers, the ₹45 crore issue has now set the stage for what could be one of the more talked-about listings this month.

Frenzied Bidding Across Categories

According to Mint, the IPO drew an overall subscription of approximately 95.7 times, riding on aggressive demand across the board. Qualified Institutional Buyers (QIBs) led the charge, subscribing nearly 272 times their quota. The Non-Institutional Investor (NII) segment saw a hefty 108× booking, while Retail Individual Investors (RIIs) weren’t far behind, applying around 42 to 43 times over their reserved shares.

This kind of response suggests strong institutional confidence but also indicates intense competition in the retail tranche meaning most small investors will only receive a fractional allotment, if any.

Allotment Status Now Live

As confirmed by The Economic Times, the allotment was finalized today, Friday, 22 August 2025. Investors eager to know their fate can check the status through:

The Registrar’s website (Bigshare Services Pvt Ltd)
The official NSE and BSE portals

The credited shares are expected to reflect in successful applicants’ demat accounts by 25 August, and trading is slated to begin on 26 August across both major exchanges.

GMP Suggests Strong Listing Day Buzz

If the grey market is anything to go by, Patel Retail could be gearing up for a healthy debut. Per Mint’s latest updates, the Grey Market Premium (GMP) has hovered around ₹50, which suggests a listing price close to ₹305, against the upper IPO price band of ₹255. This implies a potential 20% premium on listing day, though the final outcome remains tied to market sentiment next week.

Interestingly enough, some analysts are flagging caution despite the optimism. “The oversubscription is clearly driven by short-term listing gains. Long-term fundamentals still need closer scrutiny,” said an analyst at a Mumbai-based brokerage firm, speaking off-record.

Patel Retail: A Snapshot of the Business

Founded in Gujarat, Patel Retail operates in the organised retail and FMCG distribution space. Its footprint includes a growing network of physical stores and a back-end supply chain model that’s been gradually scaled up over the past five years. The IPO proceeds are earmarked for expansion, debt reduction, and working capital needs.

Given the solid traction from institutions, the stock may also draw post-listing momentum trading. However, market watchers advise against chasing the stock on day one, especially amid global macro volatility and persistent FII outflows from mid-cap counters.

What’s Next?

Investors who bagged allotment now await Monday’s demat credit confirmation. Traders, meanwhile, are already gearing up for the stock’s August 26 debut, where the opening tick will likely set the tone for post-listing strategies.

In a year filled with IPO optimism and a few dramatic flops Patel Retail’s market entry could either extend the bull run in the SME and mainboard segment or serve as a reminder that grey market hype isn’t a guarantee of sustained performance.

For now, all eyes are on Tuesday’s bell.

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Kavita Iyer

Business & Economy Analyst – [email protected] – Web

Former financial consultant turned journalist, reporting on markets, industry trends, and economic policy.

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