₹9.50 Crores | Listing at BSE | Fri, Feb 26, 2021 - Fri, Mar 12, 2021
Patel Integrated Logistics Limited Rights Issue comprises 0.9500 Cr equity shares aggregating to ₹9.50 Cr, offered at an issue price of ₹10 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Feb 18, 2021, with the Rights Issue being offered in the entitlement ratio of 27:47.
As per the terms of payment, ₹10 per share payable in full at the time of application.
The Rights Issue opens on Feb 26, 2021, and closes on Mar 12, 2021, with renunciation of Rights Entitlements permitted up to Mar 8, 2021.
The deemed date of allotment is Mar 23, 2021, following which the equity shares are expected to be credited to demat accounts on Mar 24, 2021 and listed on the BSE on Mar 26, 2021.
Bigshare Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Patel Integrated Logistics Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Feb 18, 2021
Entitlement Ratio
27 : 47
Open Date
Fri, Feb 26, 2021
Close Date
Fri, Mar 12, 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 |
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.
[Dilip Davda] This at par right issue offer may be considered by the eligible investors and they also may opt for addition shares with a long term investment perspective. Read detail review...
Patel Integrated Logistics Limited
Patel House, 5th floor,
Plot No. 48, Gazdarbandh, North Avenue Road,
Santacruz (West), Mumbai- 400 054
Mumbai, Maharashtra, 400054
The Patel Integrated Logistics Rights Issue opens on Fri, Feb 26, 2021, and closes on Fri, Mar 12, 2021.
Patel Integrated Logistics Rights Issue Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Mon, Mar 8, 2021 |
| Issue Opening Date | Fri, Feb 26, 2021 |
| Issue Closing Date | Fri, Mar 12, 2021 |
| Date of Allotment (on or about) | Tue, Mar 23, 2021 |
| Date of Credit (on or about) | Wed, Mar 24, 2021 |
| Date of Listing (on or about) | Fri, Mar 26, 2021 |
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)
Steps to apply for Patel Integrated Logistics Rights Issue using Registrar's website (R-WAP)
