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Right Issue Status: Closed [14th Feb 2023 to 27th Feb 2023]
Patel Engineering Limited offers Right Issue size of Rs 324.92 Cr. which subscription is opening from 14 Feb 2023 to 27 Mar 2023. The company issues 01 right equity shares for every 02 equity shares held on the record date of 06 Feb 2023. The face value of a share is Rs.1 per share and the right issue price is fixed at Rs. 12.6 per share.
Stay updated with us to know more about the Patel Engineering Limited Right Issue Details 2023 including issue size, right issue entitlement, terms of payment, and more.
The Company intends to utilize the proceeds raised through the Issue towards funding the following objects:
| Patel Engineering Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 25.79 Cr Shares |
| Right Issue Issue Size (Amount) | ₹324.92 Cr |
| Face Value | ₹1 Per Equity Share |
| Right Issue - Issue Price | ₹12.6 per share |
| Right Issue Record Date | 6th Feb 2023 |
| Right Issue Entitlement | 1 Rights Equity Share for every 2 fully paid-up Equity Shares held as on the Record Date |
| Right Issue Terms of payment | The entire amount is payable on Application. |
| Listing At | BSE, NSE |
| BSE Code | 531120 |
| NSE Code | PATELENG |
In this section we have covered all important dates related to Patel Engineering Right Issue. Dates are updated as they are announced. The most noted dates are Right Issue start date and Right Issue end date, which one should use to participate in Right Issue.
| Right Issue Activity | Date |
|---|---|
| Right Issue Issue Open Date | 14th Feb 2023 |
| Right Issue Issue Close Date | 27th Feb 2023 |
| Basis of Allotment Finalisation Date* | 6th Mar 2023 |
| Refunds Initiation* | 22nd Feb 2023 |
| Credit of Shares to Demat Account* | 9th Mar 2023 |
| Right Issue Listing Date* | 10th Mar 2023 |
* - Tentative Dates
Zerodha Trade@20
This Company was incorporated in 1949 and over the last seven decades, it has evolved as a construction company specializing in the hydro power generation and irrigation segments. they have engaged in the construction of dams, bridges, tunnels, roads, piling works, industrial structures and other kinds of heavy civil engineering works and have executed a variety of infrastructure projects in the hydro power, irrigation and water supply, urban infrastructure and transportation segments primarily as civil contractors.
Some of the key projects which have been executed by us include Srisailam Hydro Power Station, Teesta Hydro Electric Project, Kameng Hydro Electric Project, Tuirial Hydro Electric Project, Ghatghar Hydro Electric Project, Parbati Hydro Electric Project, Kalwakurty Lift Irrigation Project, KNT � 1 & AP-7, 4 lane Madurai to Kanyakumari national highway roads etc. In addition, Patel Engineering has also executed complex engineering projects such as the Double Lake Tap Project at Koyna, Maharashtra which was one of the first of its kind in Asia.
It�s engineering expertise and dam construction capabilities enable us to undertake large-scale and complex projects. This company believes its consistent track record in execution of such projects pre-qualifies us for bidding for new projects since pre-qualification for bidding is dependent on the past experience of execution of similar projects and financial strength. They believe that these strengths have played a key role in enabling us to secure construction contracts of various dam projects in overseas markets including execution of several projects in countries like the US, Chile, Greece, Qatar, Bhutan and Nepal.
Past performance and financial results of Patel Engineering .
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 8,087.10 | 2,103.93 | -272.93 |
| 31-Mar-22 | 8,510.14 | 3,496.50 | 68.63 |
| Amount in ₹ Crore | |||
The table below is live update of Right Issue bidding details from NSE and BSE.
Patel Engineering Right Issue Offer Document (Letter of Offer) >>Document
Patel Engineering Right Issue Offer Document (Letter of Offer) >>Patel Engineering Right Issue Red Herring Prospectus is not yet available.
Patel Engineering Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Patel Engineering Right Issue Online Application (Registrar & Transfer Agent) >>Patel Engineering Right Issue RTA information is not yet available.
Last Updated on 2023-03-02T02:30:50+00:00
