Patel Retail Ltd. has announced public offering of 9520000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 245.00 per share. The gross proceeds of the issue are expected to be Rs 24,276.00 lakhs.

The company's initial public offer (IPO) will open on 19 August 2025 and is expected to close on 21 August 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 237.00-255.00 per share.

The IPO includes a fresh Issue of 9520000 Equity Shares of the Company at an price of Rs 255.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 58 shares with bids in multiples of 58.

Patel Retail Ltd. anticipates using the proceeds of the issue for .

Fedex Securities Private Limited as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.