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Incorporated in 1962, Patel Integrated Logistics is an Indian logistics and road transportation company.The company operates a network of 500 stations nationwide and employs over 1,000 highly skilled individuals.
The company offers logistics services, including air and surface transportation, courier services, and warehousing.
The company operates through a pan-India network with 24 branch offices and a presence in major cities, towns, and airports across the country. The business is divided into the following divisions:
As of September 30, 2023, the company employs 267 people.
The company has over 75,000 satisfied customers, including multinational corporations, public and private sector organizations, small-scale industries, and the trading community.
Issue Open | September 19, 2024 - October 1, 2024 |
Security Name | Patel Integrated Logistics Ltd. |
Issue Size (Shares) | 5,000,000 |
Issue Size (Amount) | ₹9.00 Crores |
Issue Price | ₹18 per share |
Face Value | ₹10 per share |
Listing At | BSE, NSE |
Terms of Payment | Fully payable on Application. |
Entitlement | 8 Rights Equity Share(s) for every 103 fully paid-up Equity Shares held on Record Date |
Last Date to buy shares | September 5, 2024 |
Record Date | September 6, 2024 |
Credit of Rights Entitlements | September 13, 2024 |
Bid/Offer Opens On | September 19, 2024 |
Renunciation of Rights Entitlements | September 26, 2024 |
Bid/Offer Closes On | October 1, 2024 |
Deemed Date of Allotment | October 9, 2024 |
Credit Date | October 11, 2024 |
Listing Date | October 18, 2024 |
Patel Integrated Logistics Ltd.'s revenue increased by 4% and profit after tax (PAT) rose by 13% between the financial year ending with March 31, 2024 and March 31, 2023.
Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
Assets | 192.03 | 172.14 | 179.05 | |||||||||||||||||||||||||||
Revenue | 292.52 | 280.29 | 236.82 | |||||||||||||||||||||||||||
Profit After Tax | 5.54 | 4.9 | 2.27 | |||||||||||||||||||||||||||
Reserves and Surplus | 547.37 | 527.41 | 812.2 | |||||||||||||||||||||||||||
Amount in ₹ Crore |
The company intends to utilize the Net Proceeds from the Issue towards the following objects:
Patel Integrated Logistics Ltd.
Patel House, Ground Floor, Plot No 48
Gazdar Bandh, North Avenue Road
Santacruz West, Mumbai - 400054
Phone: 02226052915
Email: avinash@patel-india.com
Website: https://www.patel-india.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: investor@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
The Patel Integrated Logistics Rights Issue 2024 opens on September 19, 2024, and closes on October 1, 2024.
Patel Integrated Logistics Rights Issue 2024 Schedule
Last Date for credit of Rights Entitlements | September 13, 2024 |
Last Date for renunciation of Rights Entitlements | September 26, 2024 |
Issue Opening Date | September 19, 2024 |
Issue Closing Date | October 1, 2024 |
Date of Allotment (on or about) | October 9, 2024 |
Date of Credit (on or about) | October 11, 2024 |
Date of Listing (on or about) | October 18, 2024 |
Patel Integrated Logistics Rights Issue 2024 price is set at ₹18 per share per equity share.
The eligible shareholders are being offered 8 Rights Equity Share(s) for every 103 fully paid-up Equity Shares held on Record Date (September 6, 2024).
The record date for the Patel Integrated Logistics Rights Issue 2024 is September 6, 2024.
The issue size of Patel Integrated Logistics Rights Issue 2024 is of 5,000,000 equity shares at ₹18 per share aggregating upto ₹9.00 Crores.
The Letter of Offer for Patel Integrated Logistics Rights Issue 2024 can be download here.
You can apply for Patel Integrated Logistics Rights Issue 2024 in two ways:
Steps to apply for Patel Integrated Logistics Rights Issue 2024 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 Integrated Logistics Rights Issue 2024 using Registrar's website (R-WAP)
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Draft Letter of offer