Patel Retail IPO — Should You Subscribe Or Avoid? Read Anand Rathi's Report For Key Details

Patel Retail garners Rs 43 cr from anchor investors

New Delhi, Aug 18 (PTI) Supermarket chain Patel Retail Ltd on Monday collected over Rs 43 crore from anchor investors, ahead of its initial public offering (IPO) opening for subscription. The investors participated in the anchor round included Chanakya Opportunities Fund, BNP Paribas Financial Markets, Maybank Securities, Beacon Stone Capital, Saint Capital Fund and Pine Oak Global Fund, according to a circular uploaded on BSE's website. As per …

Patel Retail IPO — Should You Subscribe Or Avoid? Read Anand Rathi's Report For Key Details

The Maharashtra-based retail supermarket chain operating under the brand Patel’s R Mart — Patel Retail Ltd.'s Rs 242.76-crore IPO comprises of a fresh issue of 85 lakh shares, worth Rs 217.21 crore, and an offer-for-sale portion of 10 lakh shares, amounting to Rs 25.55 crore.NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agen…