Patel Retail Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32

PATELRMART · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-3.1%1-day move

₹185.90

prior close

₹186.20

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-0.2-0.3-0.2+0.2-3.1-2.1+0.6+6.5+3.3+14.8+16.9+13.1——

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AI summary

Patel Retail Limited has filed its quarterly statement of fund utilization under SEBI Listing Regulations. The company raised Rs.189.39 Crore from its IPO (August 2022) and Rs.15 Crore through Pre-IPO placement (November 2024). Funds have been deployed across three objects: Rs.59 Crore for repayment/prepayment of borrowings, Rs.115 Crore for working capital funding, and Rs.11.21 Crore for general corporate purposes. The monitoring agency is ICRA Limited. The company has explicitly declared NO deviation or variation in the use of funds raised compared to what was disclosed in the prospectus.

Likely market impact

The confirmation of no deviation is a positive signal — it indicates the company has utilized IPO proceeds as committed in its prospectus, which is reassuring for investors who participated in the public issue.