Patel Integrated Logistics Ltd Right Issue Review

Right Issue Status: Closed [26th Feb 2021 to 12th Mar 2021]

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Started in the year 1959 with a single truck, Patel Integrated Logistics Ltd has rapidly shifted gears to grow into one of the largest surface logistics and road transportation companies in Asia. Currently, the company has 500 stations countrywide and a workforce of over 1,000 highly trained people with more than 75,000 satisfied customers. It is a part of multifaceted group House of Patels which promises of providing the swift service Investment in IT and state-of-the art tracking systems.

Key details to Patel Integrated Logistics Ltd Right Issue 2021

  • Issue Price- 10 per equity share (FV of Rs 10 each)
  • Rights ratio- 27:47; 27 fully paid-up right issue share for every 47 equity shares held by eligible shareholders as on record date of Feb 18, 2021
  • Total no. of right shares proposed- 9.50 Lakh equity shares of face value Rs 10 each @ Rs 10 amounting to Rs 950 Lakh.

Patel Integrated Logistics Ltd Right Issue Objective

  • To re-payment or prepayment of a portion of the principal or interest of the company.
  • To meet the general corporate purposes.

Patel Integrated Logistics Ltd Right Issue Details

Patel Integrated Logistics Ltd Right Issue details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

Patel Integrated Logistics Ltd Right Issue Details
Patel Integrated Logistics Ltd Issue Details Values
Category RightIssue
Right Issue Issue Size(Shares) 9.50 Lakhs Eq Shares
Right Issue Issue Size(Amount) ₹950 Lakh
Face Value ₹10 Per Equity Share
Right Issue Issue Price ₹10
Right Issue Record Date 18th Feb 2021
Right Issue Entitlement 27 Rights Equity Share for every 47 Equity Shares held on the Record Date
Right Issue Terms of payment The full amount of ₹10 per Rights Equity Share is payable on Application
Listing At BSE, NSE
BSE Code 526381
NSE Code PATINTLOG

Patel Integrated Logistics Ltd Financials

Past performance and financial results of Patel Integrated Logistics Ltd.

Patel Integrated Logistics Ltd financial
Title FY 2020 FY 2019
Total revenue 353.87 Cr 453.34 Cr
PAT 10.74 Cr 6.32 Cr
EBITDA 14.55 Cr 20.40 Cr
Total Assets 205.38 Cr 227.01 Cr
Net profit margin 3.09% 1.41%
EBIT 12.84 Cr 7.40 Cr
Reserves and surplus 102.49 Cr 111.54 Cr
Long term borrowings 19.10 Cr 22.19 Cr
Short term borrowings 39.12 Cr 42.19 CR
Debt to equity 0.49 0.52

Patel Integrated Logistics Ltd Right Issue Strengths

  • Pan India presence in all key markets.
  • Widening customer base by entering new geographies.
  • Experienced management team.

Patel Integrated Logistics Ltd Right Issue Threats/Weaknesses

  • Covid-19 pandemic has affected the company’s business, financial conditions and cash flows.
  • Outstanding litigations on company may affect its business in case of result determined against it.

Patel Integrated Logistics Ltd Right Issue Important Dates

In this section we have covered all important dates related to Patel Integrated Logistics Ltd 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.

Patel Integrated Logistics Ltd Right Issue important dates
Right Issue Activity Date
Right Issue Issue Open Date 26th Feb 2021
Right Issue Issue Close Date 12th Mar 2021
Basis of Allotment Finalisation Date* 26th Mar 2021
Refunds Initiation* 24th Mar 2021
Credit of Shares to Demat Account* 24th Mar 2021
Right Issue Listing Date* 26th Mar 2021

* - Tentative Dates

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  NRI Form ⇒

Patel Integrated Logistics Ltd Right Issue Offer Document (Letter of Offer) >>Document

Patel Integrated Logistics Ltd Right Issue Online Application (Registrar & Transfer Agent) >>Online Application

Company Address

Patel Integrated Logistics Ltd
Patel House, 5th floor, Plot No. 48, Gazdarbandh,
North Avenue Road, Santacruz (West),
Mumbai 400054
Website: http://www.patel-india.com/
Email: [email protected]
Phone: +91 022 2605 8476

Registrar

BIGSHARE SERVICES PRIVATE LIMITED
1st floor, Bharat Tin Works Building, Opp. Vasant Oasis,
Makwana Road, Marol, Andheri (East),
Mumbai- 400 059, Maharashtra, India
Telephone: +91 22 6263 8200
E-mail Id: [email protected]
Contact person: Ashish Bhope

Lead Manager

Patel Integrated Logistics Ltd Right Issue Important dates - Issue Open Date, close Date, Right Issue Listing Date. Right Issue Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, Right Issue Listing date. What is the issue open date and close date for Patel Integrated Logistics Ltd? Should I apply in Patel Integrated Logistics Ltd Right Issue?

Last Updated on 2021-03-03T01:12:48+00:00

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User Comments

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5. Nirupam Acharya  2/25/2021 12:13:19 AM Reply
Patel Integrated Logistics Ltd RightIssue expected listing gain.
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4. Vipan Kashyap  2/25/2021 12:13:19 AM Reply
Please confirm Patel Integrated Logistics Ltd RightIssue GMP (grey market premium) and kostak.
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3. XgGEmoDjZ  2/25/2021 12:13:19 AM Reply
Patel Integrated Logistics Ltd RightIssue good or bad.
avatar
2. kirti  2/25/2021 12:13:19 AM Reply
Patel Integrated Logistics Ltd RightIssue whether to invest or not.
avatar
1. MOHAN RAMBHAU DABHADE  2/25/2021 12:13:19 AM Reply
Patel Integrated Logistics Ltd RightIssue - CRISIL Rating, Apply or not?.

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