₹9.00 Crores | Listing at BSE, NSE | Thu, Sep 19, 2024 - Tue, Oct 1, 2024
Patel Integrated Logistics Ltd. Rights Issue comprises 0.5000 Cr equity shares aggregating to ₹9.00 Cr, offered at an issue price of ₹18 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Sep 6, 2024, with the Rights Issue being offered in the entitlement ratio of 8 : 103.
The term of payment is defined as following : Fully payable on Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Oct 9, 2024.
The Rights Issue opens on Sep 19, 2024, and closes on Oct 1, 2024, with renunciation of Rights Entitlements permitted up to Sep 26, 2024.
The deemed date of allotment is Oct 9, 2024, following which the equity shares are expected to be credited to demat accounts on Oct 11, 2024 and listed at the NSE and the BSE on Oct 18, 2024.
Bigshare Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Patel Integrated Logistics Ltd. Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Sep 6, 2024
Entitlement Ratio
8 : 103
Open Date
Thu, Sep 19, 2024
Close Date
Tue, Oct 1, 2024
Fully payable on Application.
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 | |||
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.
The company intends to utilize the Net Proceeds from the Issue towards the following objects:
[Dilip Davda] The company is in the business of logistics services on a Pan-India basis. It posted growth in its last two fiscals financial performance. This is the 2nd RI from the company since October 2021. The RI appears to have been priced greedily if its last 52 week’s market trends are considered. Well-informed investors may park moderate funds for long term. Read detail review...
Patel Integrated Logistics Rights Issue 2024 got oversubscribed by 3.19 times by the end of the bidding period with total bid quantity received by BSE and NSE of 1,59,67,190 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | NSE Bid Quantity | Total Bid Quantity | Subscription Times |
|---|---|---|---|---|
Oct 01 2024 17:00:00 | 1,40,98,691 | 18,68,499 | 1,59,67,190 | 3.19x |
Patel Integrated Logistics Ltd.
Patel House, Ground Floor, Plot No 48
Gazdar Bandh, North Avenue Road
Santacruz West, Mumbai - 400054
Mumbai, Maharashtra, 400054
The Patel Integrated Logistics Rights Issue 2024 opens on Thu, Sep 19, 2024, and closes on Tue, Oct 1, 2024.
Patel Integrated Logistics Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Fri, Sep 13, 2024 |
| Last Date for renunciation of Rights Entitlements | Thu, Sep 26, 2024 |
| Issue Opening Date | Thu, Sep 19, 2024 |
| Issue Closing Date | Tue, Oct 1, 2024 |
| Date of Allotment (on or about) | Wed, Oct 9, 2024 |
| Date of Credit (on or about) | Fri, Oct 11, 2024 |
| Date of Listing (on or about) | Fri, Oct 18, 2024 |
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)
Steps to apply for Patel Integrated Logistics Rights Issue 2024 using Registrar's website (R-WAP)
