Latest news with #PatelRetailLtd
Economic Times
a day ago
- Business
- Economic Times
Patel Retail gears to float IPO on Aug 19; sets price band at Rs 237-255/share
Supermarket chain Patel Retail Ltd on Monday fixed a price band of Rs 237 to Rs 255 per share for its upcoming Rs 243-crore initial public offering (IPO). ADVERTISEMENT The company's IPO -- a mix of a fresh issue of 85.18 lakh shares and an offer for sale of 10.02 lakh shares of promoters -- will open for public subscription on August 19 and conclude on August 21. The one-day bidding for anchor investors is scheduled for August 18, according to a public announcement. At the upper end of the price band, the company's public issue is expected to fetch Rs 242.76 crore. Proceeds from the fresh issuance will be used for payment of debt, funding of working capital requirements of the company and for general corporate purposes. Patel Retail was established in 2008, launching its inaugural store in Ambernath, Maharashtra. Since then, it has expanded its operations throughout the suburban regions of Thane and the Raigad district in Maharashtra. The company provides a diverse range of products including food, non-food items, general merchandise and apparel to meet the needs of families. It operates in tier-III cities and nearby suburban areas under the brand 'Patel's R Mart'. It operated and managed 43 stores as on May 31, 2025. ADVERTISEMENT Patel Retail's revenue from operations increased to Rs 820.69 crore in fiscal 2025 from Rs 814.19 crore in the preceding financial year. Profit after tax rose to Rs 25.28 crore from Rs 22.53 crore. Unlock 500+ Stock Recos on App Fedex Securities is the sole book-running lead manager, and Bigshare Services is the registrar of the offer. Shares of the supermarket chain are slated to begin trading on the bourses from August 26. So far this year, 44 mainboard companies have launched their IPOs. In addition, BlueStone Jewellery and Lifestyle issue opened on Monday, which is being followed by the IPO of agro-based firm Regaal Resources on August 12. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
a day ago
- Business
- Time of India
Patel Retail gears to float IPO on Aug 19; sets price band at Rs 237-255/share
Supermarket chain Patel Retail Ltd on Monday fixed a price band of Rs 237 to Rs 255 per share for its upcoming Rs 243-crore initial public offering ( IPO ). The company's IPO -- a mix of a fresh issue of 85.18 lakh shares and an offer for sale of 10.02 lakh shares of promoters -- will open for public subscription on August 19 and conclude on August 21. The one-day bidding for anchor investors is scheduled for August 18, according to a public announcement. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Top 15 Most Beautiful Women in the World Undo At the upper end of the price band, the company's public issue is expected to fetch Rs 242.76 crore. Proceeds from the fresh issuance will be used for payment of debt, funding of working capital requirements of the company and for general corporate purposes. Patel Retail was established in 2008, launching its inaugural store in Ambernath, Maharashtra. Since then, it has expanded its operations throughout the suburban regions of Thane and the Raigad district in Maharashtra. Live Events The company provides a diverse range of products including food, non-food items, general merchandise and apparel to meet the needs of families. It operates in tier-III cities and nearby suburban areas under the brand 'Patel's R Mart'. It operated and managed 43 stores as on May 31, 2025. Patel Retail's revenue from operations increased to Rs 820.69 crore in fiscal 2025 from Rs 814.19 crore in the preceding financial year. Profit after tax rose to Rs 25.28 crore from Rs 22.53 crore. Fedex Securities is the sole book-running lead manager, and Bigshare Services is the registrar of the offer. Shares of the supermarket chain are slated to begin trading on the bourses from August 26. So far this year, 44 mainboard companies have launched their IPOs. In addition, BlueStone Jewellery and Lifestyle issue opened on Monday, which is being followed by the IPO of agro-based firm Regaal Resources on August 12.
Economic Times
2 days ago
- Business
- Economic Times
Shreeji Shipping, Patel Retail to float IPOs on Aug 19
Shreeji Shipping Global Ltd and Patel Retail Ltd are set to launch their IPOs on August 19, closing on August 21. Shreeji Shipping aims to raise funds for dry bulk carriers and debt repayment through a fresh issue of 1.63 crore equity shares. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shipping and logistics solutions provider Shreeji Shipping Global Ltd and supermarket chain Patel Retail Ltd are set to launch their maiden public issues on August to their Red Herring Prospectus (RHP), the IPOs will close on August 21, and the one-day bidding for anchor investors is scheduled for August two companies will announce the price band for their public issues on far this year, 44 mainboard companies have launched their IPOs. In addition, two IPOs of BlueStone Jewellery and Lifestyle will open on August 11, followed by the issue of agro-based firm Regaal Resources on August by the RHP, Shreeji Shipping Global's IPO is an entirely fresh issue of 1.63 crore equity shares with no offer for sale (OFS) company plans to utilise Rs 251.2 crore from the IPO proceeds for the acquisition of dry bulk carriers in the supramax category on the secondary market, and Rs 23 crore for debt flagship company of Jamnagar-based Shreeji Group primarily focuses on non-major ports and jetties, particularly along the west coast of Retail's IPO is a mix of a fresh issue of 85.18 lakh shares and an OFS of 10.02 lakh shares of promoters, according to the per merchant banking sources, the IPO size is expected to be Rs 250 crore to Rs 300 from the fresh issuance to the tune of Rs 59 crore will be used for payment of debt, Rs 115 crore for funding of working capital requirements of the company, and a portion will be used for general corporate Retail was established in 2008 with the launch of its first store in Ambernath, Maharashtra. Since then, it has expanded its operations throughout the suburban regions of Thane and the Raigad district in company provides a diverse range of products including food, non-food items, general merchandise, and apparel to meet the needs of families. It operates in tier-III cities and nearby suburban areas under the brand 'Patel's R Mart'.Shares of the two companies are expected to begin trading on the bourses from August 26. PTI
Time of India
2 days ago
- Business
- Time of India
Shreeji Shipping, Patel Retail to float IPOs on Aug 19
Shreeji Shipping Global Ltd and Patel Retail Ltd are set to launch their IPOs on August 19, closing on August 21. Shreeji Shipping aims to raise funds for dry bulk carriers and debt repayment through a fresh issue of 1.63 crore equity shares. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shipping and logistics solutions provider Shreeji Shipping Global Ltd and supermarket chain Patel Retail Ltd are set to launch their maiden public issues on August to their Red Herring Prospectus (RHP), the IPOs will close on August 21, and the one-day bidding for anchor investors is scheduled for August two companies will announce the price band for their public issues on far this year, 44 mainboard companies have launched their IPOs. In addition, two IPOs of BlueStone Jewellery and Lifestyle will open on August 11, followed by the issue of agro-based firm Regaal Resources on August by the RHP, Shreeji Shipping Global's IPO is an entirely fresh issue of 1.63 crore equity shares with no offer for sale (OFS) company plans to utilise Rs 251.2 crore from the IPO proceeds for the acquisition of dry bulk carriers in the supramax category on the secondary market, and Rs 23 crore for debt flagship company of Jamnagar-based Shreeji Group primarily focuses on non-major ports and jetties, particularly along the west coast of Retail's IPO is a mix of a fresh issue of 85.18 lakh shares and an OFS of 10.02 lakh shares of promoters, according to the per merchant banking sources, the IPO size is expected to be Rs 250 crore to Rs 300 from the fresh issuance to the tune of Rs 59 crore will be used for payment of debt, Rs 115 crore for funding of working capital requirements of the company, and a portion will be used for general corporate Retail was established in 2008 with the launch of its first store in Ambernath, Maharashtra. Since then, it has expanded its operations throughout the suburban regions of Thane and the Raigad district in company provides a diverse range of products including food, non-food items, general merchandise, and apparel to meet the needs of families. It operates in tier-III cities and nearby suburban areas under the brand 'Patel's R Mart'.Shares of the two companies are expected to begin trading on the bourses from August 26. PTI
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Business Standard
2 days ago
- Business
- Business Standard
Shreeji Shipping, Patel Retail to launch maiden IPOs on August 19
Shipping and logistics solutions provider Shreeji Shipping Global Ltd and supermarket chain Patel Retail Ltd are set to launch their maiden public issues on August 19. According to their Red Herring Prospectus (RHP), the IPOs will close on August 21, and the one-day bidding for anchor investors is scheduled for August 18. The two companies will announce the price band for their public issues on Monday. So far this year, 44 mainboard companies have launched their IPOs. In addition, two IPOs of BlueStone Jewellery and Lifestyle will open on August 11, followed by the issue of agro-based firm Regaal Resources on August 12. Going by the RHP, Shreeji Shipping Global's IPO is an entirely fresh issue of 1.63 crore equity shares with no offer for sale (OFS) component. The company plans to utilise Rs 251.2 crore from the IPO proceeds for the acquisition of dry bulk carriers in the supramax category on the secondary market, and Rs 23 crore for debt repayment. The flagship company of Jamnagar-based Shreeji Group primarily focuses on non-major ports and jetties, particularly along the west coast of India. Patel Retail's IPO is a mix of a fresh issue of 85.18 lakh shares and an OFS of 10.02 lakh shares of promoters, according to the RHP. As per merchant banking sources, the IPO size is expected to be Rs 250 crore to Rs 300 crore. Proceeds from the fresh issuance to the tune of Rs 59 crore will be used for payment of debt, Rs 115 crore for funding of working capital requirements of the company, and a portion will be used for general corporate purposes. Patel Retail was established in 2008 with the launch of its first store in Ambernath, Maharashtra. Since then, it has expanded its operations throughout the suburban regions of Thane and the Raigad district in Maharashtra. The company provides a diverse range of products including food, non-food items, general merchandise, and apparel to meet the needs of families. It operates in tier-III cities and nearby suburban areas under the brand 'Patel's R Mart'. Shares of the two companies are expected to begin trading on the bourses from August 26.
