₹40.00 Crores | Listing at BSE, NSE | Tue, Nov 9, 2021 - Tue, Nov 23, 2021
Patel Integrated Logistics Limited Rights Issue comprises 4.00 Cr equity shares aggregating to ₹40.00 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 Oct 29, 2021.
The term of payment is defined as following : ₹ 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.
The Rights Entitlements are expected to be credited to eligible demat accounts on Dec 6, 2021.
The Rights Issue opens on Nov 9, 2021, and closes on Nov 23, 2021, with renunciation of Rights Entitlements permitted up to Nov 17, 2021.
The deemed date of allotment is Dec 6, 2021, following which the equity shares are expected to be credited to demat accounts on Dec 6, 2021 and listed at the NSE and the BSE on Dec 7, 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
Fri, Oct 29, 2021
Entitlement Ratio
:
Open Date
Tue, Nov 9, 2021
Close Date
Tue, Nov 23, 2021
| 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 | |
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.
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
[Dilip Davda] Surprisingly this company is coming out with its second rights issue within a year. Previous RI too was at par value. Though the company is raising more funds to repay debt, its many-fold hike in equity capital raises concern. Hence, risk seekers/cash surplus investors may consider long term investment in this at par RI. Read detail review...
Patel Integrated Logistics Limited
52, Natasha, Hill Road, Bandra (West),
Mumbai – 400 052,
Maharashtra, India.
Indi, Karnataka, 400052
The Patel Integrated Rights Issue opens on Tue, Nov 9, 2021, and closes on Tue, Nov 23, 2021.
Patel Integrated Rights Issue Schedule
| Last Date for credit of Rights Entitlements | Wed, Nov 17, 2021 |
| Last Date for renunciation of Rights Entitlements | Wed, Nov 17, 2021 |
| Issue Opening Date | Tue, Nov 9, 2021 |
| Issue Closing Date | Tue, Nov 23, 2021 |
| Date of Allotment (on or about) | Mon, Dec 6, 2021 |
| Date of Credit (on or about) | Mon, Dec 6, 2021 |
| Date of Listing (on or about) | Tue, Dec 7, 2021 |
You can apply for Patel Integrated Rights Issue in two ways:
Steps to apply for Patel Integrated Rights Issue using Net Banking (ASBA)
Steps to apply for Patel Integrated Rights Issue using Registrar's website (R-WAP)
