Published 2 months ago

Supermarket Chain Patel Retail Files Draft Papers With SEBI To Raise Funds Via IPO

Summary by Ground News

The IPO is a mix of a fresh issue of 90.18 lakh shares and an offer for sale of up to 10.02 lakh shares of promoters. The offer includes a reservation for subscription by eligible employees. As of Dec. 31, 2023, the company operated and managed 31 stores.

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Supermarket Chain Patel Retail Files Draft Papers With SEBI To Raise Funds Via IPO

Supermarket chain Patel Retail Ltd has filed preliminary papers with capital markets regulator Sebi to garner funds through an initial public offering.The IPO is a mix of a fresh issue of 90.18 lakh shares and an offer for sale of up to 10.02 lakh shares of promoters, according to the draft red herring prospectus.As per merchant banking sources, the IPO size has been pegged at Rs 250 crore to Rs 325 crore.The OFS consists of the sale of equity s…

2 months ago

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Supermarket Chain Patel Retail Files Draft Papers With SEBI To Raise Funds Via IPO

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Supermarket Chain Patel Retail Files Draft Papers With SEBI To Raise Funds Via IPO

Supermarket Chain Patel Retail Files Draft Papers With SEBI To Raise Funds Via IPO

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