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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 | November 9, 2021 - November 23, 2021 |
| Security Name | Patel Integrated Logistics Limited |
| Issue Size (Shares) | 40,000,000 |
| Issue Size (Amount) | ₹40.00 Crores |
| Issue Price | ₹10 per share |
| Face Value | ₹10 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. |
| Record Date | October 29, 2021 |
| Credit of Rights Entitlements | November 17, 2021 |
| Bid/Offer Opens On | November 9, 2021 |
| Renunciation of Rights Entitlements | November 17, 2021 |
| Bid/Offer Closes On | November 23, 2021 |
| Deemed Date of Allotment | December 6, 2021 |
| Credit Date | December 6, 2021 |
| Listing Date | December 7, 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 | |
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
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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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightsissue@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
The Patel Integrated Rights Issue opens on November 9, 2021, and closes on November 23, 2021.
Patel Integrated Rights Issue Schedule
| Last Date for credit of Rights Entitlements | November 17, 2021 |
| Last Date for renunciation of Rights Entitlements | November 17, 2021 |
| Issue Opening Date | November 9, 2021 |
| Issue Closing Date | November 23, 2021 |
| Date of Allotment (on or about) | December 6, 2021 |
| Date of Credit (on or about) | December 6, 2021 |
| Date of Listing (on or about) | December 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. (October 29, 2021).
The record date for the Patel Integrated Rights Issue is October 29, 2021.
The issue size of Patel Integrated Rights Issue is of 40,000,000 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:
Steps to apply for Patel Integrated 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 Rights Issue using Registrar's website (R-WAP)
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