Patel Integrated Logistics Rights Issue will open for subscription from 19 September 2024. the company aims for an issue size of ₹09 Crores through this rights Issue.
About the company
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.
Objectives of the Issue
- Prepayment/Repayment of Loan availed by the company; and
- General Corporate Purposes
Patel Integrated Logistics Rights Issue Timetable
| 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 Issue Details
| Issue Open | September 19, 2024 – October 1, 2024 |
| Security Name | Patel Integrated Logistics Ltd. |
| Issue Size (Shares) | 5,000,000 |
| Issue Size (Amount) | ₹9.00 Crores |
| Issue Price | ₹18 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| Terms of Payment | Fully payable on Application. |
| Entitlement | 8 Rights Equity Share(s) for every 103 fully paid-up Equity Shares held on Record Date |
Patel Integrated Rights Issue Calculation
| Patel Integrated Logistics Rights Issue Price | ₹ 18 per share |
| Market Price on Rights Issue Approval | ₹ 26 per share |
| Dilution Factor (X) | 1.08 |
| Fair Value After Dilution at Prevailing Price | ₹ 25.42 per share |
Company Financials
| 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 Issue Documents
- Patel Integrated Logistics Rights Issue Application Form
- Patel Integrated Logistics Letter of Offer
- Board Meeting Outcome
Lead Manager(s)
Patel Integrated Logistics 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: investor@bigshareonline.com
Website: www.bigshareonline.com
Company Contact Information
PATEL INTEGRATED LOGISTICS LIMITED
Natasha, 52 Hill Road,
Bandra (West), Mumbai, India – 400 050
Phone: 022 2605 2915
Email: contactus@patel-india.com
Website: contactus@patel-india.com
Final Thoughts
Applying for the rights issue is purely a personal choice. Make sure you conduct a detailed study of the company and its rights issues before you make an investment decision.
Happy investing
