Chittorgarh.com Logo
Loading...

Patel Integrated Logistics Limited Rights Issue (Patel Integrated Rights Issue) Detail

Nov 9, 2021 - Nov 23, 2021
Patel Integrated Logistics Limited Logo

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.

Patel Integrated Rights Issue Detail

Issue Open Nov 9, 2021 - Nov 23, 2021
Security Name Patel Integrated Logistics Limited
Issue Size (Shares) 4.00 Crores
Issue Size (Amount) ₹40.00 Crores
Issue Price ₹10 per share
Face Value ₹10 per share
Minimum Lot size
Market Lot 1 per share
Listing At BSE, NSE
Terms of Payment ₹ 2.50 per rights equity share or 25.00% of the issue price is payable on application and the balance unpaid of ₹ 7.50 constituting 75.00% of the issue price will have to be paid on the first and final call, as determined by the board at its sole discretion.
Entitlement Upto 613 rights equity shares for every 399 fully paid-up equity shares held on the record date.

Patel Integrated Rights Issue Issue Timetable

Bid/Offer Opens On Nov 9, 2021
Bid/Offer Closes On Nov 23, 2021
Record Date Oct 29, 2021
Deemed Date of Allotment Dec 6, 2021
Renunciation of Rights Entitlements Nov 17, 2021

Company Financials

Summary of financial Information (Standalone)
Particulars For the year/period ended (Rs.in Millions)
31-Mar-21 31-Mar-20
Total Assets 1,902.93 2,053.85
Total Income 2,173.03 3,538.75
Profit After Tax 0.55 107.41

Objects of the Issue:

The Proceeds from the Issue will be utilized towards funding of the following objects:
1. Repayment and/or prepayment of a portion of the principal and/or interest of certain borrowings availed by the company.
2. General corporate purposes

Patel Integrated Rights Issue Documents

Patel Integrated Rights Issue Rating

7
4.6
Rating:Rated 4.6 stars
Vote Here ...

Patel Integrated Rights Issue Reviews

Company Contact Information

Patel Integrated Logistics Limited
52, Natasha, Hill Road, Bandra (West),
Mumbai – 400 052,
Maharashtra, India.

Phone: +91 022 2642 1242
Email: sweta.parekh@patel-india.com
Website: http://www.patel-india.com/

Patel Integrated Rights Issue Registrar

  1. Bigshare Services Pvt Ltd
    Phone: +91-22-6263 8200
    Email: rightsissue@bigshareonline.com
    Website: http://www.bigshareonline.com

Patel Integrated Rights Issue Lead Manager(s)

Patel Integrated Rights Issue FAQs

The Patel Integrated Rights Issue opens on Nov 9, 2021, and closes on Nov 23, 2021.

Patel Integrated Rights Issue Schedule

Last Date for credit of Rights EntitlementsNov 17, 2021
Last Date for renunciation of Rights EntitlementsNov 17, 2021
Issue Opening DateNov 9, 2021
Issue Closing DateNov 23, 2021
Date of Allotment (on or about)Dec 6, 2021
Date of Credit (on or about)Dec 6, 2021
Date of Listing (on or about)Dec 7, 2021

Patel Integrated Rights Issue price is set at ₹10 per share per equity share.

The eligible shareholders are being offered Upto 613 rights equity shares for every 399 fully paid-up equity shares held on the record date. (Oct 29, 2021).

The record date for the Patel Integrated Rights Issue is Oct 29, 2021.

The issue size of Patel Integrated Rights Issue is of 4.00 Crores equity shares at ₹10 per share aggregating upto ₹40.00 Crores.

The Letter of Offer for Patel Integrated Rights Issue can be download here.

You can apply for Patel Integrated Rights Issue in two ways:

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

Steps to apply for Patel Integrated Rights Issue 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 Integrated Rights Issue available on the list.
  4. Click the Apply button next to the Patel Integrated Rights Issue.
  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 Integrated Rights Issue using Registrar's website (R-WAP)

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

Comments

Add a public comment...