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Patel Engineering Limited Rights Issue (Patel Engineering Rights Issue 2023) Detail

February 14, 2023 - February 27, 2023
Patel Engineering Limited Logo

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:

  • Hydropower projects including dams, tunnels, power-houses, and barrages;
  • Irrigation and water supply projects including dams, weirs, and pump houses;
  • Urban infrastructure projects & others including sewerage, micro tunneling and horizontal directional drilling, and pipelines; and
  • Transportation projects including roads, bridges, flyovers, and tunnels for railways

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.

Patel Engineering Rights Issue 2023 Detail

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

Patel Engineering Rights Issue 2023 Issue Timetable

Last Date to buy sharesFebruary 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

Company Financials

Patel Engineering Limited Financial Information (Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-218,087.102,103.93-272.93
31-Mar-228,510.143,496.5068.63
Amount in ₹ Crore

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.

Patel Engineering Rights Issue 2023 Documents

Patel Engineering Rights Issue 2023 Rating

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Patel Engineering Rights Issue 2023 Reviews

Company Contact Information

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/

Patel Engineering Rights Issue 2023 Registrar

  1. 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

Patel Engineering Rights Issue 2023 Lead Manager(s)

Patel Engineering Rights Issue 2023 FAQs

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 EntitlementsFebruary 13, 2023
Last Date for renunciation of Rights EntitlementsFebruary 22, 2023
Issue Opening DateFebruary 14, 2023
Issue Closing DateFebruary 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:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Patel Engineering Rights Issue 2023 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Patel Engineering Rights Issue 2023 available on the list.
  4. Click the Apply button next to the Patel Engineering Rights Issue 2023.
  5. Fill and check your information.
  6. Submit the application.

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)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Patel Engineering Rights Issue 2023 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

1 Comments

1. ngblr     Link|February 14, 2023 8:26:36 AM
How to apply online..pls help
1.1. SD's     Link|February 14, 2023 1:20:21 PM
If you have been allotted rights issue shares (or purchased from secondary market) You can pay through your bank ASBA using the IPO/Rights option.
1.2. kamal     Link|February 27, 2023 1:03:47 PM
rights issue undersubscribed . today last date

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