Mumbai, Aug. 19 -- The initial public offer of Patel Retail received bids for 4,99,04,186 shares as against 78,15,612 shares on offer, according to stock exchange data at 17:00 IST on Tuesday (19 August 2025). The issue was subscribed 6.39 times.

The issue opened for bidding on 19 August 2025 and it will close on 21 August 2025. The price band of the IPO is fixed between Rs 237 and 255 per share. An investor can bid for a minimum of 58 equity shares and in multiples thereof.

The IPO comprises a fresh issue of 85,18,000 equity shares worth up to Rs 217.21 crore and an offer for sale of 10,02,000 equity shares amounting to Rs 25.55 crore.

The objectives for the fresh issue include Rs 109 crore for funding working capital requirements, Rs...