Patel Retail Ltd IPO

Value retailing to a well-defined target consumer base.

Deep knowledge and understanding of optimal product assortment and stringent inventory management using IT systems.

Steady footprint expansion using a distinct store acquisition strategy and ownership model.

Our Presence.

Logistics and distribution network.

Diversified product portfolio.

Large scale procurement and storage capabilities.

Consistent focus on quality.

Long Standing Relationship with our customers.

Strong promoter background and an experienced and entrepreneurial management team with a proven track record and a high degree of employee ownership.

All its retail stores are concentrated in the state of Maharashtra, more particularly within the Thane and Raigad district. In the Financial Years 2022-23, 2021-22 and 2020-21 and the six months period ended September 30, 2023, its revenue from retail sales accounted for 26.17%, 32.59%, 28.73% and 31.17% of its revenue from operations, respectively. Any adverse developments affecting its operations in such region, could have an adverse impact on the company retail business, financial condition, results of operations and cash flows.

Its inability to maintain an optimal level of inventory in the company stores may impact its operations adversely.

The company faces foreign exchange risks that could adversely affect its results of operations and cash flows.

Its business is operating under various laws which requires the company to obtain approvals from the concerned statutory/ regulatory authorities in the ordinary course of business. Some of its approvals are required to be transferred in the name of Patel Retail Limited from Patel Retail Private Limited, pursuant to change of name of the Company. Its inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for its business operations in a timely manner could materially and adversely affect its business, prospects, results of operations and financial condition.

The company appoint contract labour for carrying out its operations (including its stores) and the company may be held responsible for payment of wages of such workers, if the independent contractors through whom such workers are hired default on their payment obligations. Such obligations could have an adverse impact on its results of operations, cash flows and financial condition.

Any inability to comply with food safety laws, environmental laws and other applicable regulations in relation to its manufacturing facilities and stores may adversely affect the companys business, financial condition and results of operations.

The Company may be involved in certain legal and regulatory proceedings. Any adverse decision insuch proceedings may have a material adverse effect on its business, results of operations, financial condition and cash flows.

The company has certain contingent liabilities that have been disclosed in the Restated Financial Information, which if they materialise, may adversely affect its business, results of operations, financial condition and cash flows.

Its Promoters and Directors Dhanji Raghavji Patel (Chairman and Managing Director) and BecharRaghavji Patel (Whole-time Director) and Hiren Bechar Patel (Non-Executive Director) does not possess educational qualifications in the field in which the Company operates.

The Company depends on the skills, knowledge and experience of its Promoter, Key ManagementPersonnel and Senior Management for its growth. The loss of their services may have a materialadverse effect on its business, financial condition, and results of operations.