Patel Engineering Rights Issue 2023 FAQ's

₹324.92 Crores | Listing at BSE, NSE | Tue, Feb 14, 2023 - Mon, Feb 27, 2023

Patel Engineering Limited Rights Issue Date 2026 & Price FAQs

The timetable for Patel Engineering Limited Rights Issue is as follows:

Last Date for credit of Rights EntitlementsMon, Feb 13, 2023
Last Date for renunciation of Rights EntitlementsWed, Feb 22, 2023
Issue Opening DateTue, Feb 14, 2023
Issue Closing DateMon, Feb 27, 2023
Date of Allotment (on or about)Mon, Mar 6, 2023
Date of Credit (on or about)Thu, Mar 9, 2023
Date of Listing (on or about)Fri, Mar 10, 2023

Patel Engineering Rights Issue 2023 price is set at ₹12.6 per share. The Patel Engineering Rights Issue 2023 opens on Tue, Feb 14, 2023, and closes on Mon, Feb 27, 2023, for the subscription.

The allotment of Patel Engineering Rights Issue 2023 is expected to happen on or about March 6, 2023 as per the issue schedule.

Patel Engineering Rights Issue 2023 listing date is 2023-03-10T00:00:00.000Z.

The credit of Patel Engineering Rights Issue 2023 in Demat account is expected on or about March 9, 2023 as per the issue schedule.

Objects of the Issue:

The Company intends to utilize the proceeds raised through the Issue towards funding the following objects:

  1. Prepayment and/ or repayment of certain outstanding borrowings availed by our Company (including interest); and
  2. general corporate purposes.

It is difficult to predict the exact listing price of Patel Engineering Limited Rights Issue shares. The price depends on the demand and supply of the company's shares on the day of listing.

We do not provide Rights Issue recommendations. However, we share a lot of information about Patel Engineering Limited which could help you with questions like whether to subscribe or not. Consider reading Patel Engineering Limited reviews and analysis from experts posted on the Rights Issue detail page.