Patel Retail IPO GMP signals modest upside

Patel Retail’s IPO has hit the market and is already making noise in the grey market. A small-town supermarket chain promising growth is one thing. A 15 per cent upside for Patel Retail IPO’s GMP even before listing? That’s the kind of buzz retail investors can’t ignore. But is this just another quick flip or something with legs? What’s happening? The Patel Retail IPO opened today (August 19, 2025) and will close on August 21, 2025, with a price band of Rs 237-255 per share. The company is raising about Rs 242–243 crore, and it roped in anchors for over Rs 43 crore just before the issue. The GMP is hovering around Rs 35-37 per share, roughly a 14