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Incorporated in 1962, Patel Integrated Logistics Limited is engaged in the business of providing logistics services and unified solutions focusing on air transportation and surface transportation as well as ancillary services such as courier services and warehousing . The company started as a One-man, one-truck activity under the name of Patel Roadways Private Limited. Later, in 2006, the company got merged with Patel On-Board Couriers to form Patel Integrated Logistics.
Patel Integrated Logistics is one of the pioneers of logistics in India and is India's first multimodal transport operator providing all logistics solutions under one roof. The company has a pan-India network comprising 24 branch offices and a presence across India covering major cities/towns/airports.
Patel Integrated Logistics has been certified by the International Air Transport Association ("IATA") and is also a member of the Global Logistics Network ("GLN"). The company owns 3 acres of land on the outskirts of Chennai, on which it plans to construct a warehouse at a suitable time in the future.
| Issue Open | Feb 26, 2021 - Mar 12, 2021 |
| Security Name | Patel Integrated Logistics Limited |
| Issue Size (Shares) | 0.95 Crores |
| Issue Size (Amount) | ₹9.50 Crores |
| Issue Price | ₹10 per share |
| Face Value | ₹10 per share |
| Minimum Lot size | |
| Market Lot | 1 per share |
| Listing At | BSE |
| Terms of Payment | The full amount of Rs 10 per Rights Equity Share is payable on Application. |
| Entitlement | 27 Rights Equity Share for every 47 fully paid-up Equity Shares held on the Record Date |
| Bid/Offer Opens On | Feb 26, 2021 |
| Bid/Offer Closes On | Mar 12, 2021 |
| Record Date | Feb 18, 2021 |
| Deemed Date of Allotment | Mar 23, 2021 |
| Renunciation of Rights Entitlements | Mar 8, 2021 |
| Particulars | For the year/period ended (Rs. in Millions) | ||
|---|---|---|---|
| 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 1,792.61 | 2,053.85 | 2,270.18 |
| Profit After Tax | (9.61) | 107.41 | 63.25 |
| Total Revenue | 699.44 | 3,538.75 | 4.533.40 |
The Net Proceeds from the Issue are proposed to be utilized towards:
(i) Repayment/prepayment of a portion of principal and/or interest of certain borrowings by the Company.
(ii) General corporate purposes.
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Patel Integrated Logistics Limited
Patel House, 5th floor,
Plot No. 48, Gazdarbandh, North Avenue Road,
Santacruz (West), Mumbai- 400 054
Phone: +91 022 2605 8476
Email: sweta.parekh@patel-india.com
Website: http://www.patel-india.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightsissue@bigshareonline.com
Website: http://www.bigshareonline.com
The Patel Integrated Logistics Rights Issue opens on Feb 26, 2021, and closes on Mar 12, 2021.
Patel Integrated Logistics Rights Issue Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Mar 8, 2021 |
| Issue Opening Date | Feb 26, 2021 |
| Issue Closing Date | Mar 12, 2021 |
| Date of Allotment (on or about) | Mar 23, 2021 |
| Date of Credit (on or about) | Mar 24, 2021 |
| Date of Listing (on or about) | Mar 26, 2021 |
Patel Integrated Logistics Rights Issue price is set at ₹10 per share per equity share.
The eligible shareholders are being offered 27 Rights Equity Share for every 47 fully paid-up Equity Shares held on the Record Date (Feb 18, 2021).
The record date for the Patel Integrated Logistics Rights Issue is Feb 18, 2021.
The issue size of Patel Integrated Logistics Rights Issue is of 0.95 Crores equity shares at ₹10 per share aggregating upto ₹9.50 Crores.
The Letter of Offer for Patel Integrated Logistics Rights Issue can be download here.
You can apply for Patel Integrated Logistics Rights Issue in two ways:
Steps to apply for Patel Integrated Logistics Rights Issue 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 using Registrar's website (R-WAP)
Rs 0 Eq Delivery Brokerage
Flat ₹10 Per Trade in F&O
Rs 0 Demat AMC
