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Patel Integrated Logistics Limited Rights Issue (Patel Integrated Logistics Rights Issue) Detail

February 26, 2021 - March 12, 2021
Patel Integrated Logistics Limited Logo

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.

Patel Integrated Logistics Rights Issue Detail

Issue Open February 26, 2021 - March 12, 2021
Security Name Patel Integrated Logistics Limited
Issue Size (Shares) 9,500,000
Issue Size (Amount) ₹9.50 Crores
Issue Price ₹10 per share
Face Value ₹10 per share
Listing At BSE
Terms of Payment The full amount of Rs 10 per Rights Equity Share is payable on Application.
Entitlement 27 Rights Equity Share for every 47 fully paid-up Equity Shares held on the Record Date

Patel Integrated Logistics Rights Issue Issue Timetable

Record Date February 18, 2021
Credit of Rights Entitlements
Bid/Offer Opens On February 26, 2021
Renunciation of Rights Entitlements March 8, 2021
Bid/Offer Closes On March 12, 2021
Deemed Date of Allotment March 23, 2021
Credit Date March 24, 2021
Listing Date March 26, 2021

Company Financials

Summary of financial Information (Standalone)
Particulars For the year/period ended (Rs. in Millions)
30-Sep-20 31-Mar-20 31-Mar-19
Total Assets 1,792.61 2,053.85 2,270.18
Profit After Tax (9.61) 107.41 63.25
Total Revenue 699.44 3,538.75 4.533.40

Objects of the Issue:

The Net Proceeds from the Issue are proposed to be utilized towards: (i) Repayment/prepayment of a portion of principal and/or interest of certain borrowings by the Company. (ii) General corporate purposes.

Patel Integrated Logistics Rights Issue Documents

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Patel Integrated Logistics Rights Issue Reviews

Company Contact Information

Patel Integrated Logistics Limited
Patel House, 5th floor,
Plot No. 48, Gazdarbandh, North Avenue Road,
Santacruz (West), Mumbai- 400 054

Phone: +91 022 2605 8476
Email: sweta.parekh@patel-india.com
Website: http://www.patel-india.com/

Patel Integrated Logistics Rights Issue Registrar

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

Patel Integrated Logistics Rights Issue Lead Manager(s)

Patel Integrated Logistics Rights Issue FAQs

The Patel Integrated Logistics Rights Issue opens on February 26, 2021, and closes on March 12, 2021.

Patel Integrated Logistics Rights Issue Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsMarch 8, 2021
Issue Opening DateFebruary 26, 2021
Issue Closing DateMarch 12, 2021
Date of Allotment (on or about)March 23, 2021
Date of Credit (on or about)March 24, 2021
Date of Listing (on or about)March 26, 2021

Patel Integrated Logistics Rights Issue price is set at ₹10 per share per equity share.

The eligible shareholders are being offered 27 Rights Equity Share for every 47 fully paid-up Equity Shares held on the Record Date (February 18, 2021).

The record date for the Patel Integrated Logistics Rights Issue is February 18, 2021.

The issue size of Patel Integrated Logistics Rights Issue is of 9,500,000 equity shares at ₹10 per share aggregating upto ₹9.50 Crores.

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

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

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

Steps to apply for Patel Integrated Logistics Rights Issue 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 available on the list.
  4. Click the Apply button next to the Patel Integrated Logistics Rights Issue.
  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 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 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

5 Comments

5. dharmemdra prajapat     Link|March 12, 2021 11:43:54 AM
how can i pay for right issue
4. dharmemdra prajapat     Link|March 12, 2021 11:42:05 AM
i bought 1000 rights on 8th march but can not unable to pay for right plz help me immediately
3. Sathyajayan     Link|March 12, 2021 1:04:44 AM
this bloked
2. DRH   I Like It. 2|  Link|March 9, 2021 2:16:29 PM
Buying patel logistic RE share . Asba application from to bank not bid ! Application no wanted?
2.1. Sathyajayan   I Like It. 1|  Link|March 11, 2021 2:34:44 PM
yas
1. DRH     Link|March 9, 2021 2:23:51 PM
RE share bought.asba from not bid bank. application no wanted?
1.1. Sathyajayan   I Like It. 1|  Link|March 11, 2021 12:28:05 PM
500 buy

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