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
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| 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"). |
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| 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
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|
| |
(Rs.Cr) |
Lead Managers to the Issue |
| Project Cost |
190.48 |
Fedex Securities Pvt Ltd
|
| Project Financed through Current Offer |
242.76 |
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| Post Issue Equity Share Capital |
33.40 |
|
| Issue Price |
255.00 |
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