Patel Retail IPO Details Today : Patel Retail IPO Is Open On [.] , 2024 And Close On [.] , 2024. Patel Retail IPO To Raise Approx ₹[.] Crores, [.] Equity Shares Via IPO. The Fresh Issue Of Approx ₹[.] Crores, [.] Equity Shares.
Incorporated in 2008 We are primarily engaged as a retail supermarket chain operating in tier-III cities and nearby suburban areas, with focus on “value retail”, offering food, non-food (FMCG), general merchandise and apparel catering to the needs of the entire family.
Our Company started its first store under the brand “Patel’s R Mart” at Ambernath, Maharashtra. We Operate and Manage Thirty-one (31) Stores, with a Retail Business Area 28 of approx. 1,26,000 sq.fts. We launched our private label goods comprising of Pulses (“Patel Fresh”) and spices (“Indian Chaska”), which we buy in bulk quantities and package and brand after our quality checks and inspections at our processing and packing facility at Ambernath, Maharashtra.
Object of the Issue
- Repayment/prepayment, in full or part, of certain borrowings availed of by our Company.
- Funding of working capital requirements of the Company.
- General corporate purposes.
Our Company Promoter
- Dhanji Raghavji Patel
- Bechar Raghavji Patel.
Qualitative Factors
- Value retailing to a well-defined target consumer base.
- Deep knowledge and understanding of optimal product assortment and stringent inventory management using IT systems.
- Steady footprint expansion using a distinct store acquisition strategy and ownership model.
- Our Presence.
- Logistics and distribution network.
- Diversified product portfolio.
- Large scale procurement and storage capabilities.
- Consistent focus on quality.
- Long Standing Relationship with our customers.
- Strong promoter background and an experienced and entrepreneurial management team with a proven track record and a high degree of employee ownership.
- Strong track record of growth and profitability.
Patel Retail Comparison Listed Industry Peers Group
- Avenue Supermarts Limited
- Spencers Retail Limited
- Osia Hyper Retail Limited
- Aditya Consumer Marketing Limited
- Sheetal Universal Limited
- Kovilpatti Lakshmi Roller
- Flour Mills Limited
- KN Agri Resources Limited
- Madhusudhan Masala Limited
Patel Retail Company Contact Details
Plot No. M-2, Anand Nagar, Additional MIDC,
Ambernath (East)- 421506,
Maharashtra, India
Email:cs@patelrpl.net
Telephone: +91 7391043825
Website: www.patelrpl.in
Patel Retail IPO Registar
Bigshare Services Private Limited
Office No S6-2, 6th Floor, Pinnacle Business Park
Next to Ahura Centre, Mahakali Caves Road, Andheri
(East), Mumbai –400093.
Tel.:+91 22 6263 8200
Contact Person: Jibu John
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
About Patel Retail-
(“Facility 1”) – mens wear (“Blue Nation”), home improving products (“Patel Essentials”), ready-to-cook instant mix (“Patel Fresh”), ghee and papad (“Indian Chaska”) which we buy from third party vendors under our brands. Since incorporation in Fiscal 2008, we have increased our store offerings and as on December 31, 2023 we offer around 38 product categories with over 10,000 product SKUs in our stores.As our backward integration strategy and to control our supply chain, we started our production facility at Survey No. 145/1, Bhuj Bachau Highway, Village Dudhai, Taluka Anjar, District Kutch, Gujarat.
(“Facility 2”) – We process peanuts and whole spices, such as coriander seed and cumin seeds. Further as a part of our strategy to broaden our product offering across the value chain, we built an agri processing cluster spread over 15.925 Acres of land area at Survey No. 170/2, Bhuj Bachau Highway, Village Dudhai, Taluka Anjar, District Kutch, Gujarat – 370115, comprising of 5 (five) production units collectively.
(“Facility 3”) 1 (one) fruit pulp processing unit (“F&VUnit”), dry warehouse of 2546.29 sq. mtr. with storage capacity of 3040 MT, cold storage with capacity of 3000 MT and also our inhouse testing & research laboratory (collectively referred to as “Agri-cluster”). Our Facility 1, Facility 2 and Facility 3 will be hereinafter collectively referred to as “Facilities”, our Facility 1, Facility 2 and Agri-cluster will be hereinafter collectively referred to as “Manufacturing Facilities”, and Facility 2 and Agri-cluster will be collectively referred to as “Kutch Facilities”.We have exported to over forty (40) countries.
