Patel Retail Ltd IPO: This IPO related to retail supermarket chain opened with a price band of Rs 237-255, expected profit of Rs 46 per share:

News Topical, Digital Desk : Patel Retail Ltd IPO: The IPO of Patel Retail, a retail supermarket chain company, has opened today i.e. 19 August. This IPO will remain open till 21 August. This IPO of the company will prove to be an important opportunity for small and big investors.

Important information related to IPO

Face Value: ₹10 per share
Price Band: ₹237 to ₹255 per share
Total issue size: ₹243 crore
Fresh issue: ₹216 crore
Offer for Sale (OFS): ₹25.55 crore
Employee quota: ₹1 crore
Lot size: 58 shares
Price of one lot is around ₹14,790
A maximum of 13 lots can be purchased

Company Status
Anchor investors have invested around ₹43 crore in this IPO. The estimated market cap of the company after the IPO can be around ₹852 crore. Patel Retail was started in 2008 and this company is active in the business of retail supermarket chain.

The company's stores are known as "Patel's R Mart". Currently, 43 stores of the company are operating in Thane and Raigad areas. This IPO is a good opportunity for those investors who want to invest in the retail sector and want to be a part of a fast growing company.