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Incorporated in 1949, Patel Engineering Limited is operating as a construction company specializing in the hydropower generation and irrigation segments. They are engaged in the construction of dams, bridges, tunnels, roads, piling works, industrial structures, and other kinds of heavy civil engineering work.
One can assume the number of projects the company has undertaken given its presence of more than 7 decades in the industry. They have executed a variety of infrastructure projects in the hydropower, irrigation, water supply, urban infrastructure, and transportation segments primarily as civil contractors.
Patel Engineering Limited is an ISO 9001: 2015, ISO 14001:2015, and ISO 45001:2018 certified Company. The company has international licensors & contractors making them an ideal engineering solutions partner for a wide spectrum of services covering a variety of industries.
Presently, the company's construction operations revolve around:
Patel Engineering is able to undertake large-scale infrastructure projects with the help of its wide experience, technological abilities and financial strength. This allows them a strong hold in the market and offers better offerings to their customers.
Issue Open | February 14, 2023 - February 27, 2023 |
Security Name | Patel Engineering Limited |
Issue Size (Shares) | 257,872,409 |
Issue Size (Amount) | ₹324.92 Crores |
Issue Price | ₹12.6 per share |
Face Value | ₹1 per share |
Listing At | BSE, NSE |
Terms of Payment | The entire amount is payable on Application. |
Entitlement | 1 Rights Equity Share for every 2 fully paid-up Equity Shares held as on the Record Date |
Last Date to buy shares | February 3, 2023 |
Record Date | February 6, 2023 |
Credit of Rights Entitlements | February 13, 2023 |
Bid/Offer Opens On | February 14, 2023 |
Renunciation of Rights Entitlements | February 22, 2023 |
Bid/Offer Closes On | February 27, 2023 |
Deemed Date of Allotment | March 6, 2023 |
Credit Date | March 9, 2023 |
Listing Date | March 10, 2023 |
Period Ended | Total Assets | Total Revenue | Profit After Tax |
---|---|---|---|
31-Mar-21 | 8,087.10 | 2,103.93 | -272.93 |
31-Mar-22 | 8,510.14 | 3,496.50 | 68.63 |
Amount in ₹ Crore |
The Company intends to utilize the proceeds raised through the Issue towards funding the following objects:
Patel Engineering Limited
Patel Estate SV Road,
Jogeshwari (West),
Mumbai – 400 102
Phone: +91 22 2676 7500
Email: investors@pateleng.com
Website: http://www.pateleng.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: pateleng.rights@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
The Patel Engineering Rights Issue 2023 opens on February 14, 2023, and closes on February 27, 2023.
Patel Engineering Rights Issue 2023 Schedule
Last Date for credit of Rights Entitlements | February 13, 2023 |
Last Date for renunciation of Rights Entitlements | February 22, 2023 |
Issue Opening Date | February 14, 2023 |
Issue Closing Date | February 27, 2023 |
Date of Allotment (on or about) | March 6, 2023 |
Date of Credit (on or about) | March 9, 2023 |
Date of Listing (on or about) | March 10, 2023 |
Patel Engineering Rights Issue 2023 price is set at ₹12.6 per share per equity share.
The eligible shareholders are being offered 1 Rights Equity Share for every 2 fully paid-up Equity Shares held as on the Record Date (February 6, 2023).
The record date for the Patel Engineering Rights Issue 2023 is February 6, 2023.
The issue size of Patel Engineering Rights Issue 2023 is of 257,872,409 equity shares at ₹12.6 per share aggregating upto ₹324.92 Crores.
The Letter of Offer for Patel Engineering Rights Issue 2023 can be download here.
You can apply for Patel Engineering Rights Issue 2023 in two ways:
Steps to apply for Patel Engineering Rights Issue 2023 using Net Banking (ASBA)
Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.
Steps to apply for Patel Engineering Rights Issue 2023 using Registrar's website (R-WAP)
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