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Patel Engineering Rights Issue 2023 Detail
Issue Open February 14, 2023
Issue Close February 27, 2023
Issue Size (Shares) 25.79 Crores
Issue Size (Amount) ₹324.92 Crores
Issue Price ₹13 per Share
Listing At BSE, NSE

Patel Engineering Rights Issue 2023 Date & Price FAQs

Patel Engineering Rights Issue 2023 Timetable

Last Date for credit of Rights EntitlementsFebruary 13, 2023
Last Date for renunciation of Rights EntitlementsFebruary 22, 2023
Issue Opening DateFebruary 14, 2023
Issue Closing DateFebruary 27, 2023
Allotment DateMarch 6, 2023
Shares Credit DateMarch 9, 2023
Listing DateMarch 10, 2023

Patel Engineering Rights Issue 2023 price is set at ₹13 per Share. The Patel Engineering Rights Issue 2023 opens on February 14, 2023, and closes on February 27, 2023, for the subscription.

The allotment of Patel Engineering Rights Issue 2023 is expected to happen on or about March 6, 2023 as per the issue schedule.

Patel Engineering Rights Issue 2023 listing date is March 10, 2023.

The credit of Patel Engineering Rights Issue 2023 in Demat account is expected on or about March 9, 2023 as per the issue schedule.

The Company intends to utilize the proceeds raised through the Issue towards funding the following objects:

  1. Prepayment and/ or repayment of certain outstanding borrowings availed by our Company (including interest); and
  2. general corporate purposes.

It is difficult to say at what price Patel Engineering Rights Issue 2023 shares will list. The price depends on the demand and supply of company's shares on the day of listing.

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