Patel Integrated Logistics Rights Issue is scheduled on 19 September – 1 October 2024
Established in 1959, Patel Integrated Logistics has grown to become one of the largest surface logistics and road transportation companies in Asia. It is part of the multifaceted group HOUSE OF PATELS, focusing on swift service delivery through IT investment and advanced tracking systems.
The company’s network spans 500 stations and 6,000+ customers. It transports products from 250 Gm to 40 Tons. It is the first organization to be registered as a Multi-modal Transport Operator with the Government of India. Patel Integrated Logistics has a major share in the air freight business in India through passenger aircraft. The company has an overall presence in 89 airports across India and has corporate offices at several strategic locations across the nation.
Promoters of Patel Integrated Logistics – Asgar Shakoor Patel
Table of Contents
Patel Integrated Logistics Rights Issue Details
| Patel Integrated Rights Issue Date | 19 September – 1 October 2024 |
| Patel Integrated Rights Issue Price | INR 18 per share |
| Issue Size (in Shares) | 50,00,000 shares |
| Issue Size (in INR) | INR 9 crore |
| Issue Entitlement | 8 equity shares for every 103 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Patel Integrated Rights Issue Record Date | 6 September 2024 |
| Face Value | INR 10 per share |
| Listing On | NSE, BSE |
Patel Integrated Rights Issue Calculation
| Patel Integrated Logistics Rights Issue Price | INR 18 per share |
| Market Price on Rights Issue Approval | INR 26 per share |
| Dilution Factor (X) | 1.08 |
| Fair Value After Dilution at Prevailing Price | INR 25.42 per share |
Patel Integrated Logistics Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 |
| Revenue | 212.25 | 234.02 | 278.28 |
| Expenses | 214.68 | 232.30 | 272.72 |
| Operating Margin (%) | 4.81 | 4.36 | 4.43 |
| Net Income | 0.06 | 2.27 | 4.90 |
Patel Integrated Logistics Rights Offer Objectives
The net proceeds from the offer are proposed to be used for the following objectives
- Prepayment/Repayment of Loan availed by the company – INR 6.25 crore
- General Corporate Purposes – INR 2.25 crore
Patel Integrated Logistics Rights Offer Documents
- Patel Integrated Logistics Rights Issue Application Form
- Patel Integrated Logistics Letter of Offer
- Board Meeting Outcome
- Rights Issue in 2024
Patel Integrated Logistics Rights Issue Dates
| Rights Issue Approval Date | 28 August 2024 |
| Rights Issue Record Date | 6 September 2024 |
| Credit of Rights Entitlement | 13 September 2024 |
| Rights Issue Opening Date | 19 September 2024 |
| Last Date for Market Renunciation | 26 September 2024 |
| Rights Issue Closing Date | 1 October 2024 |
| Finalization of Basis of Allotment | 9 October 2024 |
| Rights Allotment Date | 9 October 2024 |
| Credit Date | 11 October 2024 |
| Listing Date | 18 October 2024 |
Patel Integrated Logistics Rights Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road, Andheri
(East), Mumbai – 400 093, Maharashtra
Phone: 022 – 6263 8200
E-mail:Â [email protected]
Website:Â www.bigshareonline.com
Patel Integrated Logistics Issue Contact Details
PATEL INTEGRATED LOGISTICS LIMITED
Natasha, 52 Hill Road,
Bandra (West), Mumbai, India – 400 050
Phone:Â 022 2605 2915
Email:Â [email protected]
Website: [email protected]
Patel Integrated Logistics Rights Offer FAQs
What is Patel Integrated Logistics Rights Issue Price?
The issue price is INR 18 per share.
What is the Patel Integrated Logistics Rights Issue entitlement ratio?
The eligible shareholders are offered 8 Equity Shares for every 103 Equity Shares held on the record date.
What is Patel Integrated Logistics Rights Issue Record Date?
The Record date is 6 September 2024.
How to Apply in Patel Integrated Logistics Rights Offer?
The best way to apply in the Patel Integrated Logistics Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.
