₹11.58 Crores | Listing at NSE | Mon, Aug 14, 2023 - Thu, Aug 24, 2023
Perfect Infraengineers Limited Rights Issue comprises 0.6432 Cr equity shares aggregating to ₹11.58 Cr, offered at an issue price of ₹18 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Aug 1, 2023, with the Rights Issue being offered in the entitlement ratio of 58 : 100.
The term of payment is defined as following : Investors will have to pay Rs. 7 per share on application, Rs. 11 per share on subsequent call as may be decided by the Board of Directors from time to time.
The Rights Entitlements are expected to be credited to eligible demat accounts on [.]
The Rights Issue opens on Aug 14, 2023, and closes on Aug 24, 2023, with renunciation of Rights Entitlements permitted up to Aug 18, 2023.
The deemed date of allotment is Aug 31, 2023, following which the equity shares are expected to be credited to demat accounts on Sep 5, 2023 and listed at the NSE on Sep 5, 2023.
Kfin Technologies Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Perfect Infraengineers Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Tue, Aug 1, 2023
Entitlement Ratio
58 : 100
Open Date
Mon, Aug 14, 2023
Close Date
Thu, Aug 24, 2023
Investors will have to pay Rs. 7 per share on application, Rs. 11 per share on subsequent call as may be decided by the Board of Directors from time to time.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 36.01 | 33.55 | 34.70 |
| Revenue | 3.56 | 4.66 | 7.23 |
| Profit After Tax | -0.17 | -1.89 | 0.60 |
| Net Worth | 22.64 | 20.75 | 21.35 |
| Reserves and Surplus | 11.57 | 9.69 | 10.28 |
| Total Borrowing | 10.63 | 9.46 | 11.34 |
Incorporated in 1996, Perfect Infraengineers Limited is engaged in the business of manufacturing hybrid climate systems, featuring patented solar thermal panel systems designed for integration with commercial & industrial HVAC Systems.
The company also manufactures Heating, Ventilation, and Air Conditioning (HVAC) components and equipment including control panels. It has completed prestigious HVAC /MEP projects all over India and abroad.
The MEP activities provided by Perfect Infraengineers include design, engineering, supply, installation, and commissioning of HVAC, plumbing, firefighting, and electrical systems for a wide range of industrial, commercial, hospital, and tower projects. Its solution includes turnkey electro-mechanical works starting from engineering design, value engineering, construction management, erection, testing, commissioning, operation, and maintenance.
In November 2018, the company partnered with SunTrac Solar Manufacturing, a Tempe AZ (USA) company to license & manufacture their patented proprietary technology, The Hybrid Thermal Solar Panel.
Perfect Infraengineers' clientele includes companies like Siemens, PWD Maharashtra, McDonald's, Mahindra, Honda, Adani, CBRE, P&G, Bikanervala, AIS, NTPC, HERO, PWD Rajasthan, REC, Nivea, Indian Oil, SFC Solutions, Panchshil and so on.
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company has ventured into HVAC in the last few years and has been gaining ground with a virtual monopoly. After negative earnings, it has turned the corner in FY23 and the management is confident of maintaining the trends going forward. The RI is at a minuscule discount of around 17.4%. Based on the trends, it appears to be a long race horse. Well-informed investors may park funds for medium to long-term rewards. Read detail review...
Perfect Infraengineers Limited
R-637, TTC Industrial Area,
MIDC, T.B. Road, Rabale,
Navi Mumbai, Thane - 400701
Navi Mumbai, Maharashtra, 400701
The Perfect Infraengineers Rights Issue 2023 opens on Mon, Aug 14, 2023, and closes on Thu, Aug 24, 2023.
Perfect Infraengineers Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Fri, Aug 18, 2023 |
| Issue Opening Date | Mon, Aug 14, 2023 |
| Issue Closing Date | Thu, Aug 24, 2023 |
| Date of Allotment (on or about) | Thu, Aug 31, 2023 |
| Date of Credit (on or about) | Tue, Sep 5, 2023 |
| Date of Listing (on or about) | Tue, Sep 5, 2023 |
You can apply for Perfect Infraengineers Rights Issue 2023 in two ways:
Steps to apply for Perfect Infraengineers Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for Perfect Infraengineers Rights Issue 2023 using Registrar's website (R-WAP)
