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Rights Issue Status: Upcoming [19th Sep 2024 to 1st Oct 2024]
Patel Integrated Logistics Limited is offering a rights issue of Rs 9.00 Cr. The subscription period for this rights issue will be from 19 Sep 2024 to 01 Oct 2024. The company issues entitlement of 08 Rights equity shares for every fully paid-up 103 equity shares held on the record date of 06 Sep 2024. The face value of a share is Rs. 10 per share and the right issue price is fixed atRs. 18 per share.
Stay connected with us to more about Patel Integrated Logistics Limited Right Issue issue size, right issue Details 2024 including entitlement, terms of payment, and more.
The company intends to utilize the Net Proceeds from the Issue towards the following objects:
| Patel Integrated Logistics Issue Details | Values |
|---|---|
| Category | Rights Issue |
| Rights Issue Issue Size (Shares) | 0.50 Cr Shares |
| Rights Issue Issue Size (Amount) | ₹9.00 Cr |
| Face Value | ₹10 Per Equity Share |
| Rights Issue - Issue Price | ₹18 per share |
| Rights Issue Record Date | 6th Sep 2024 |
| Rights Issue Entitlement | 8 Rights Equity Share(s) for every 103 fully paid-up Equity Shares held on Record Date |
| Rights Issue Terms of payment | Fully payable on Application. |
| Listing At | BSE, NSE |
| BSE Code | 526381 |
| NSE Code | PATINTLOG |
In this section we have covered all important dates related to Patel Integrated Logistics Rights Issue. Dates are updated as they are announced. The most noted dates are Rights Issue start date and Rights Issue end date, which one should use to participate in Rights Issue.
| Rights Issue Activity | Date |
|---|---|
| Rights Issue Issue Open Date | 19th Sep 2024 |
| Rights Issue Issue Close Date | 1st Oct 2024 |
| Basis of Allotment Finalisation Date* | 9th Oct 2024 |
| Refunds Initiation* | 26th Sep 2024 |
| Credit of Shares to Demat Account* | 11th Oct 2024 |
| Rights Issue Listing Date* | 18th Oct 2024 |
* - Tentative Dates
Zerodha Trade@20
Patel Integrated Logistics Limited was founded in June 1962. The company provides logistics services and unified solutions with a focus on air and land transportation as well as ancillary services such as courier services and warehousing. The company operates its business through a network of 24 offices across India and is present in major cities and airports in India.
As part of its current air freight business and earlier land transportation business, the company provides B2C services for corporate courier needs on a daily basis. This business, which currently operates as a wholesale consolidator, deals with routine delivery of courier materials.
The business provides vertical warehousing services such as storage, distribution, inventory and vendor management, etc. Your Company currently owns a warehouse located on 2.20 acres of land on the outskirts of Bengaluru. Your Company also owns a 3 acre plot on the outskirts of Chennai.
Past performance and financial results of Patel Integrated Logistics .
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 Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 192.03 | 172.14 | 179.05 | |||||||||||||||||||||||||||
| Revenue | 292.52 | 280.29 | 236.82 | |||||||||||||||||||||||||||
| Profit After Tax | 5.54 | 4.9 | 2.27 | |||||||||||||||||||||||||||
| Reserves and Surplus | 547.37 | 527.41 | 812.2 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
The table below is live update of Rights Issue bidding details from NSE and BSE.
Patel Integrated Logistics Rights Issue Offer Document (Letter of Offer) >>Document
Patel Integrated Logistics Rights Issue Offer Document (Letter of Offer) >>Patel Integrated Logistics Rights Issue Red Herring Prospectus is not yet available.
Patel Integrated Logistics Rights Issue Online Application (Registrar & Transfer Agent) >>Online Application
Patel Integrated Logistics Rights Issue Online Application (Registrar & Transfer Agent) >>Patel Integrated Logistics Rights Issue RTA information is not yet available.
Last Updated on 2024-09-16T05:32:46+00:00
