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Patel Integrated Logistics Ltd. Rights Issue (Patel Integrated Logistics Rights Issue 2024) Detail

September 19, 2024 - October 1, 2024
Patel Integrated Logistics Ltd. Logo

Incorporated in 1962, Patel Integrated Logistics is an Indian logistics and road transportation company.The company operates a network of 500 stations nationwide and employs over 1,000 highly skilled individuals.

The company offers logistics services, including air and surface transportation, courier services, and warehousing.

The company operates through a pan-India network with 24 branch offices and a presence in major cities, towns, and airports across the country. The business is divided into the following divisions:

  • Air Freight
  • Courier Service
  • Warehousing

As of September 30, 2023, the company employs 267 people.

The company has over 75,000 satisfied customers, including multinational corporations, public and private sector organizations, small-scale industries, and the trading community.

Patel Integrated Logistics Rights Issue 2024 Detail

Issue Open September 19, 2024 - October 1, 2024
Security Name Patel Integrated Logistics Ltd.
Issue Size (Shares) 5,000,000
Issue Size (Amount) ₹9.00 Crores
Issue Price ₹18 per share
Face Value ₹10 per share
Listing At BSE, NSE
Terms of Payment

Fully payable on Application.

Entitlement 8 Rights Equity Share(s) for every 103 fully paid-up Equity Shares held on Record Date

Patel Integrated Logistics Rights Issue 2024 Issue Timetable

Last Date to buy sharesSeptember 5, 2024
Record Date September 6, 2024
Credit of Rights Entitlements September 13, 2024
Bid/Offer Opens On September 19, 2024
Renunciation of Rights Entitlements September 26, 2024
Bid/Offer Closes On October 1, 2024
Deemed Date of Allotment October 9, 2024
Credit Date October 11, 2024
Listing Date October 18, 2024

Company Financials

Patel Integrated Logistics Ltd. Financial Information (Restated)

Patel Integrated Logistics Ltd.'s revenue increased by 4% and profit after tax (PAT) rose by 13% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets192.03172.14179.05
Revenue292.52280.29236.82
Profit After Tax5.544.92.27
Reserves and Surplus547.37527.41812.2
Amount in ₹ Crore

Objects of the Issue:

The company intends to utilize the Net Proceeds from the Issue towards the following objects:

  • Prepayment/Repayment of Loan availed by the company; and
  • General Corporate Purposes

Patel Integrated Logistics Rights Issue 2024 Subscription Status

Patel Integrated Logistics Rights Issue 2024 is subscribed 0.76 times as on September 26, 2024 5:00:00 PM. The total bid quantity received by BSE, NSE is 3,816,448 shares.

Patel Integrated Logistics Rights Issue 2024 Documents

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Company Contact Information

Patel Integrated Logistics Ltd.
Patel House, Ground Floor, Plot No 48
Gazdar Bandh, North Avenue Road
Santacruz West, Mumbai - 400054

Phone: 02226052915
Email: avinash@patel-india.com
Website: https://www.patel-india.com/

Patel Integrated Logistics Rights Issue 2024 Registrar

  1. Bigshare Services Pvt Ltd
    Phone: +91-22-6263 8200
    Email: investor@bigshareonline.com
    Website: https://ipo.bigshareonline.com/ipo_status.html

Patel Integrated Logistics Rights Issue 2024 Lead Manager(s)

Patel Integrated Logistics Rights Issue 2024 FAQs

The Patel Integrated Logistics Rights Issue 2024 opens on September 19, 2024, and closes on October 1, 2024.

Patel Integrated Logistics Rights Issue 2024 Schedule

Last Date for credit of Rights EntitlementsSeptember 13, 2024
Last Date for renunciation of Rights EntitlementsSeptember 26, 2024
Issue Opening DateSeptember 19, 2024
Issue Closing DateOctober 1, 2024
Date of Allotment (on or about)October 9, 2024
Date of Credit (on or about)October 11, 2024
Date of Listing (on or about)October 18, 2024

Patel Integrated Logistics Rights Issue 2024 price is set at ₹18 per share per equity share.

The eligible shareholders are being offered 8 Rights Equity Share(s) for every 103 fully paid-up Equity Shares held on Record Date (September 6, 2024).

The record date for the Patel Integrated Logistics Rights Issue 2024 is September 6, 2024.

The issue size of Patel Integrated Logistics Rights Issue 2024 is of 5,000,000 equity shares at ₹18 per share aggregating upto ₹9.00 Crores.

The Letter of Offer for Patel Integrated Logistics Rights Issue 2024 can be download here.

You can apply for Patel Integrated Logistics Rights Issue 2024 in two ways:

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

Steps to apply for Patel Integrated Logistics Rights Issue 2024 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 Logistics Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Patel Integrated Logistics Rights Issue 2024.
  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 Logistics Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Patel Integrated Logistics Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

1 Comments

1. Murthy   I Like It. |Report Abuse|  Link|September 3, 2024 4:57:00 PMReply
https://www.bseindia.com/corporates/download/4463/Rights/6.Soft_copy_of_DLOF_20240323185256.pdf
Draft Letter of offer

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