Patel Retail IPO, Aug. 12 -- The initial public offering (IPO) of Patel Retail is set to open for subscription on Tuesday, August 19, and will remain so Thursday, August 21.

The mainboard IPO combines a fresh issue of 85,18,000 shares and an offer for sale (OFS) of 10,02,000 shares. Thus, the total offer size is 95,20,000 shares with a face value of Rs.10 each.

Patel Retail IPO price band is set at Rs.237 to Rs.255 per share.

The company intends to raise Rs.217.21 crore from the fresh issue of shares, which it will use for the repayment or prepayment of certain borrowings, funding of working capital requirements, and general corporate purposes.

Fedex Securities Private Limited is the book-running lead manager, while Bigshare Services ...