|
|
|
BACK |
Your are on : Markets | IPO | IPO Synopsis | As on: Aug 28,2025 02:36 PM |
 |
 |
|
 |
 |
Patel Retail Ltd |
Registered Office:
Plot No. M-2, Anand Nagar,,Additional MIDC, Ambernath (E),
Thane
-
421506,
Maharashtra, India.
Phone :
+91 73910 43825 Fax:
Email : cs@patelrpl.net
Website : www.patelrpl.in
|
Initial public offering of 95,20,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Patel Retail Limited ("the Company" or the "Issuer") for cash at a price of Rs. 255/- per equity share (including a Securities Premium of Rs. 245/- per Equity Share) ("Offer Price") aggregating Rs. 242.66 crores ("the Offer"). The offer comprises of a fresh issue of 85,18,000 equity shares of face value of Rs. 10/- each by the company aggregating to Rs. 217.11 crores (the "Fresh Issue") and an offer for sale of 10,02,000 equity shares of face value of
Rs. 10/- each (the "Offered Shares") aggregating to Rs. 25.55 crores (the "Offer for Sale"), comprising of 7,68,000 equity shares of face value of Rs. 10/- each aggregating Rs. 19.58 crores by Dhanji Raghavji Patel, and 2,34, 000 equity shares of face value of Rs. 10/- each aggregating Rs. 5.97 crores by Bechar Raghavji Patel (together, "Promoter Selling Shareholders").
The offer includes a reservation of 51,000 equity shares of face value of Rs. 10/- each, aggregating to Rs. 1.20 crores (Constituting up to 0.15 % of the post offer paid-up equity share capital of the company), for subscription by eligible employees (the "Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer shall constitute 28.50 % and 28.35 %, respectively, of the post-offer paid-up equity share capital of the company. The company may, in consultation with the book running lead manager ("brlm"), offer a discount of 7.84% (Equivalent to Rs. 20/- per Equity Share) to the offer price to eligible employees bidding in the employee reservation portion ("Employee Discount").
|
|
Issue
|
Money Payable On
|
Opens On
|
Closes On
|
Application
|
Allotment
|
19-Aug-25
|
21-Aug-25
|
255.00-0.00
|
0.00-0.00
|
|
Minimum Application for shares in Nos :
58
Further Multiples of :
58
|
|
|
(Rs)
|
Lead Managers to the Issue
|
Project Cost
|
190.48
|
Fedex Securities Pvt Ltd
|
Project Financed through Current Offer
|
242.76
|
|
Post Issue Equity Share Capital
|
33.40
|
|
Issue Price
|
255.00
|
|
|
|
 |
Projects
|
Repayment/prepayment in full or part of certain borrowings availed by the company
|
Funding of working capital requirements of the company
|
General corporate purposes*#
| |
|
|
 |
Promoted By
|
Dhanji Raghavji Patel
|
Bechar Raghavi Patel
|
Hiren Bechar Patel
|
|
|
Registrar to the Issue
|
No Data Available
|
|
|
|
|
|
|
|
|
|
|
|
 |
|
 |
|
|
|