₹324.92 Crores | Listing at BSE, NSE | Tue, Feb 14, 2023 - Mon, Feb 27, 2023
Patel Engineering Limited Rights Issue comprises 25.79 Cr equity shares aggregating to ₹324.92 Cr, offered at an issue price of ₹12.6 per share with a face value of ₹1 per share.
The record date for determining eligible shareholders is Feb 6, 2023.
As per the terms of payment, ₹12.6 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Feb 13, 2023.
The Rights Issue opens on Feb 14, 2023 and closes on Feb 27, 2023.
The deemed date of allotment is Mar 6, 2023, following which the equity shares are expected to be credited to demat accounts on Mar 9, 2023 and listed on NSE and BSE on Mar 10, 2023.
BOB Capital Markets Ltd. is the Lead Manager to the issue and MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Patel Engineering Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Mon, Feb 6, 2023
Entitlement Ratio
:
Open Date
Tue, Feb 14, 2023
Close Date
Mon, Feb 27, 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 | |||
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.
The Company intends to utilize the proceeds raised through the Issue towards funding the following objects:
[Dilip Davda] The company is a renowned construction company with a specialization in the hydropower segment. It has suffered a severe setback for FY21. Now it is back on track with a good order book. Well-informed investors may consider investing in this fully-priced RI with a long-term perspective. Read detail review...
Patel Engineering Limited
Patel Estate SV Road,
Jogeshwari (West),
Mumbai – 400 102
Mumbai, Maharashtra, 400102
The Patel Engineering Rights Issue 2023 opens on Tue, Feb 14, 2023, and closes on Mon, Feb 27, 2023.
Patel Engineering Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | Mon, Feb 13, 2023 |
| Last Date for renunciation of Rights Entitlements | Wed, Feb 22, 2023 |
| Issue Opening Date | Tue, Feb 14, 2023 |
| Issue Closing Date | Mon, 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 |
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)
Steps to apply for Patel Engineering Rights Issue 2023 using Registrar's website (R-WAP)
