Perfect Infraengineers Rights Issue will open for subscription from 14 August 2023. the company aims for an issue size of ₹11.58 Crores through this rights Issue.
About the company
Incorporated in 1996, Perfect Infraengineers Limited is engaged in the business of manufacturing hybrid climate systems, featuring patented solar thermal panel systems designed for integration with commercial & industrial HVAC Systems. The company also manufactures Heating, Ventilation, and Air Conditioning (HVAC) components and equipment including control panels. It has completed prestigious HVAC /MEP projects all over India and abroad.
The MEP activities provided by Perfect Infraengineers include design, engineering, supply, installation, and commissioning of HVAC, plumbing, firefighting, and electrical systems for a wide range of industrial, commercial, hospital, and tower projects. Its solution includes turnkey electro-mechanical works starting from engineering design, value engineering, construction management, erection, testing, commissioning, operation, and maintenance.
In November 2018, the company partnered with SunTrac Solar Manufacturing, a Tempe AZ (USA) company to license & manufacture their patented proprietary technology, The Hybrid Thermal Solar Panel. Perfect Infraengineers’ clientele includes companies like Siemens, PWD Maharashtra, McDonald’s, Mahindra, Honda, Adani, CBRE, P&G, Bikanervala, AIS, NTPC, HERO, PWD Rajasthan, REC, Nivea, Indian Oil, SFC Solutions, Panchshil and so on.
Objectives of the Issue
- Part repayment or prepayment of unsecured loans availed from the Promoters and from the member of the Promoter Group,
- Meeting working capital requirements,
- General corporate purposes.
Rights Issue Timetable
| Record Date | 01 August 2023 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 14 August 2023 |
| Renunciation of Rights Entitlements | 18 August 2023 |
| Bid/Offer Closes On | 24 August 2023 |
| Deemed Date of Allotment | 31 August 2023 |
| Credit Date | 05 September 2023 |
| Listing Date | 05 September 2023 |
Perfect Infraengineers Rights Issue Details
| Issue Open | Aug 14, 2023 – Aug 24, 2023 |
| Security Name | Perfect Infraengineers Limited |
| Issue Size (Shares) | 6,432,000 |
| Issue Size (Amount) | ₹11.58 Crores |
| Issue Price | ₹18 per share |
| Face Value | ₹10 per share |
| Listing At | NSE |
| Terms of Payment | Investors will have to pay Rs. 7 per share on application, Rs. 11 per share on subsequent call as may be decided by the Board of Directors from time to time. |
| Entitlement | 58 Rights Equity Share(s) for every 100 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 36.01 | 33.55 | 34.70 |
| Revenue | 3.56 | 4.66 | 7.23 |
| Profit After Tax | -0.17 | -1.89 | 0.60 |
| Net Worth | 22.64 | 20.75 | 21.35 |
| Reserves and Surplus | 11.57 | 9.69 | 10.28 |
| Total Borrowing | 10.63 | 9.46 | 11.34 |
Rights Issue Documents
Lead Manager(s)
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Rights Issue Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: pil.rights@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Company Contact Information
Perfect Infraengineers Limited
R-637, TTC Industrial Area,
MIDC, T.B. Road, Rabale,
Navi Mumbai, Thane – 400701
Phone: +91 9870033483
Email: info@perfectinfra.com
Website: https://perfectinfra.com/
Final Thoughts
Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.
Happy investing
