Patel Retail is a value retail supermarket chain operating primarily in Tier-III cities and suburban areas of Maharashtra, India. Incorporated in 2008, the company began with a single store under the brand “Patel’s R Mart” and has since expanded to manage 43 stores with a total retail area of approximately 178,946 sq. ft. as of May 31, 2025. The stores offer a wide range of products, including food, non-food FMCG items, general merchandise, and apparel, with over 10,000 product SKUs.

To enhance margins and brand visibility, Patel Retail has launched private label brands such as “Patel Fresh” (pulses, ready-to-cook mixes), “Indian Chaska” (spices, ghee), “Blue Nation” (men’s wear), and “Patel Essentials” (home improvement products). The company has also strategically integrated backward into its supply chain with manufacturing facilities in Ambernath and Kutch, Gujarat. These facilities handle the processing and packaging of private label goods and support the company’s export business. Leveraging its sourcing capabilities, Patel Retail exports staples, groceries, and other products to over 35 countries, supplementing its core retail operations with domestic and international trading.

For the year/period ended (Rs. in Cr.)

For year/ period ended ( in Cr.)

• Strong Operations and Logistics: The Company has deep knowledge of product assortment and uses IT systems for stringent inventory and logistics management.
• Strategic Expansion: It employs a distinct store acquisition strategy and ownership model to steadily expand its footprint.
• Procurement and Portfolio: The Company benefits from large-scale procurement and storage capabilities, supporting a diversified product portfolio.

Experienced Leadership and Growth: Its strong track record of growth and profitability is driven by an experienced management team and promoter background

The Company PATEL RETAIL IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

• Repayment /pre-payment, in full or in part, of the certain outstanding borrowings availed by the Company (₹ 59 Cr.)
• Funding of working capital requirements of the Company (₹ 115 Cr.)
• General corporate purposes.

At the upper band of IPO ₹ 255, the stock is valued at 33.69 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.