New Delhi, Aug. 19 -- The supermarket chain Patel Retail Ltd will open for public subscription on August 19 and will close on August 21. Patel Retail IPO price band has been set between Rs.237 to Rs.255 per equity share with a face value of Rs.10. On Monday, the company secured over Rs.43 crore from anchor investors prior to the opening of its initial public offering (IPO).

Founded in 2008, Patel Retail launched its first store in Ambernath, Maharashtra. Since that time, it has broadened its operations across suburban areas in Thane and the Raigad district of Maharashtra.

The company offers a wide variety of products, covering food, non-food items, general merchandise, and apparel to cater to family needs. It serves tier-III cities and ...