Perfect Infraengineers Rights Issue

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 Date01 August 2023
Credit of Rights Entitlements
Bid/Offer Opens On14 August 2023
Renunciation of Rights Entitlements18 August 2023
Bid/Offer Closes On24 August 2023
Deemed Date of Allotment31 August 2023
Credit Date05 September 2023
Listing Date05 September 2023

Perfect Infraengineers Rights Issue Details

Issue OpenAug 14, 2023 – Aug 24, 2023
Security NamePerfect 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 AtNSE
Terms of PaymentInvestors 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.
Entitlement58 Rights Equity Share(s) for every 100 fully paid-up Equity Shares held on Record Date

Company Financials

Period Ended31 Mar 202131 Mar 202231 Mar 2023
Profit After Tax-0.17-1.890.60
Net Worth22.6420.7521.35
Reserves and Surplus11.579.6910.28
Total Borrowing10.639.4611.34
(Amount in ₹ Crore)

Rights Issue Documents

Lead Manager(s)

Rights Issue Registrar

Kfin Technologies Limited
Phone: 04067162222, 04079611000

Company Contact Information

Perfect Infraengineers Limited
R-637, TTC Industrial Area,
MIDC, T.B. Road, Rabale,
Navi Mumbai, Thane – 400701

Phone: +91 9870033483

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

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