New Delhi, Aug. 18 -- Patel Retail IPO opens for subscription on tomorrow (Tuesday, August 19). Patel Retail was founded in 2008, opening its first store in Ambernath, Maharashtra. Since that time, the company has broadened its reach across the suburban areas of Thane and the Raigad district in Maharashtra.

The business offers a wide variety of products, including food, non-food items, general merchandise, and clothing, catering to the needs of families. It functions in tier-III cities and adjacent suburban locations under the 'Patel's R Mart' brand. As of May 31, 2025, it operated and managed 43 stores.

Patel Retail's operational revenue rose to Rs.820.69 crore in the fiscal year 2025, compared to Rs.814.19 crore in the previous financ...