Subscription Status · Aug 19 – Aug 21, 2025 · ₹237–255
The Patel Retail IPO subscription has recorded exceptional investor demand with an overall subscription of 95.70× as of Aug 26, 2025, indicating that investors applied for 95.70 times the number of shares on offer. All investor categories (institutional, HNI, and retail) have participated actively, making this one of the closely watched IPO openings.
Last updated: Aug 26, 2025, 9:46 PM IST
| Category | Shares Offered | Shares Bid For | Times Subscribed |
|---|---|---|---|
|
QIB
Qualified Institutional Buyers
|
1,136,312 | 309,562,472 |
272.43×
|
|
NII
Non-Institutional Investors
|
2,367,250 | 256,077,192 |
108.17×
|
|
bNII
Bids above ₹10L
|
1,578,167 | 161,213,552 |
102.15×
|
|
sNII
Bids below ₹10L
|
789,083 | 94,863,640 |
120.22×
|
|
Retail
Retail Individual Investors
|
4,261,050 | 181,056,048 |
42.49×
|
|
Employees
Employee Category
|
51,000 | 1,293,748 |
25.37×
|
|
Total
|
7,815,612 | 747,989,460 |
95.70×
|
Snapshot of each day's bidding activity
| Category | Offered | Bid For | Times |
|---|---|---|---|
| QIB | 1,136,312 | 309,562,472 | 272.43× |
| NII | 2,367,250 | 256,077,192 | 108.17× |
| bNII | 1,578,167 | 161,213,552 | 102.15× |
| sNII | 789,083 | 94,863,640 | 120.22× |
| Retail | 4,261,050 | 181,056,048 | 42.49× |
| Employees | 51,000 | 1,293,748 | 25.37× |
| Total | 7,815,612 | 747,989,460 | 95.70× |
As of August 26, 2025, the Patel Retail IPO has been subscribed 95.70 times overall. The IPO is fully subscribed with strong investor demand indicating extremely high interest.
The Patel Retail IPO subscription window was open from August 19, 2025 to August 21, 2025. Investors could apply through their demat account or ASBA facility.
The Patel Retail IPO has a price band of ₹237 to ₹255 per share, with a lot size of 58 shares. Minimum retail investment: ₹13,746 (lower band) or ₹14,790 (upper band).
The QIB category has been subscribed 272.43 times. QIBs were offered 1,136,312 shares. Strong QIB subscription indicates high institutional confidence.
Retail investors subscribed 42.49 times. Retail was offered 4,261,050 shares. High retail subscription reflects strong small-investor interest.
Overall NII: 108.17×. bNII (>₹10L): 102.15×, sNII (<₹10L): 120.22×. NII includes HNIs and corporate entities investing above ₹2 lakh.
Basis of allotment is on August 22, 2025. Check via the registrar's website, Bigshare Services Private Limited using your PAN number, application number, or DP/Client ID. You can also check on BSE/NSE websites or through your broker's app.
Patel Retail IPO is expected to list on August 26, 2025. Shares will list on NSE,BSE. Allotted shares are credited to your demat account 1 business day before listing.
A subscription multiple of 95.70× means investors have bid for 95.70 times the total shares available. Since the IPO is oversubscribed, not every applicant will receive shares, allotment happens via lottery (for retail) or proportionately (for other categories). Higher multiples generally reduce allotment probability.
Based on the current retail subscription of 42.49×, the estimated allotment probability for retail investors is Low–Moderate. Lottery-based allotment. Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has an equal probability regardless of the number of lots applied for.
You can apply for Patel Retail IPO through: (1) ASBA (Application Supported by Blocked Amount) via your bank's net banking or mobile app, (2) UPI-based application through your broker's app (Zerodha, Groww, Angel One, etc.), or (3) directly via your demat account. The amount is blocked in your account and deducted only upon allotment. Applications were accepted from Aug 19 to Aug 21, 2025.
The grey market premium (GMP) reflects unofficial pre-listing trading sentiment. For the latest Patel Retail IPO GMP data, check the IPORise GMP page. Note: GMP is unofficial, speculative, and not a guaranteed indicator of listing price. Use it only as a sentiment signal alongside official subscription data.
New to reading subscription numbers? Read our guide on IPO subscription explained.
Subscription Opens Done
Aug 19, 2025Subscription Closes Done
Aug 21, 2025Basis of Allotment Done
Aug 22, 2025Listing on NSE,BSE Done
Aug 26, 2025Lottery-based allotment. Based on retail subscription of 42.49×.
Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has equal odds regardless of lot size applied.
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Higher subscription = lower allotment probability. Progress bars compare each category relative to the highest-subscribed category.