Patel Retail IPO Upcoming
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About Patel Retail
Patel Retail is a Maharashtra-based retail and food processing company, primarily operating supermarkets under the “Patel’s R Mart” brand in tier-III cities and suburban Mumbai. Established in 2008, it runs 31 stores and processes food items like spices, pulses, and mango pulp at its Gujarat facility. The company offers products under brands such as Patel Fresh, Indian Chaska, and Patel Essential, and exports to over 25 countries. In 2024, it filed for an IPO to support expansion and reduce debt.
Financials of Patel Retail
*All figures are in ₹ Crores.
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirements | 115 crores |
| Repayment of borrowings | 60 crores |
| General corporate purposes | (not above 25% of gross proceeds) |
Strengths
- Strong footprint in tier-III cities and suburban areas, capturing underserved markets.
- Offers a wide range of food, FMCG, and household items under multiple in-house brands.
- Presence in over 25 international markets broadens revenue streams.
- Own food processing units enhance supply chain control and product quality.
Risks
- The company relies heavily on the Maharashtra region for its retail operations.
- It faces strong competition from national and local retail chains.
- Its limited digital presence may hinder future growth.
- Disruptions in its supply chain could impact product availability.
- Regulatory non-compliance could lead to penalties or operational issues.
- Export business is exposed to global trade and currency risks.