Patel Retail made its stock market debut at RS. 305 on the BSE, marking a gain of 50 points or 19.61% over its issue price of RS. 255.
Currently, the scrip is trading at RS. 293.00, up by 38.00 points or 14.90% from its previous closing of RS. 255. It has touched a high of RS. 305.00 and a low of RS. 289.75 so far, with 5.74 lakh shares being traded on the counter.
The initial public offering (IPO), open for subscription between August 19, 2025, and August 21, 2025, was oversubscribed 95.69 times. The issue price was fixed at RS. 255 per share, the upper end of the price band of RS. 237–255.
Patel Retail operates as a retail supermarket chain, primarily catering to tier-III cities and nearby suburban areas. The company follows a ‘value retail’ model, offering food, non-food (FMCG), general merchandise, and apparel to meet the needs of the entire family.