Let’s have a detailed review of the company and analytics of the Patel Integrated Logistics Rights Issue offer open date, Term of payment, Patel Integrated Logistics Limited Rights Issue Entitlement, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 10
Issue PriceRs 10
Listing AtBSE, NSE
Min. Lot Size[●] Eq Shares
Record DateOct 29, 2021
Issue Size (Rs.)Rs 4,000 Lakhs
Shares for Issue4,00,00,000 Eq Shares
Rights entitlementUpto 613 Rights Equity Share(s) for every 399 fully paid-up Equity Share(s) held on the Record Date i.e. October 29, 2021.

Patel Integrated Logistics Rights Issue is listed at NSE & BSE. Check out the live share price by clicking on the below link.

Patel Integrated Logistics Share Price – Live Performance

Patel Integrated Logistics Rights Issue – Summary

Patel Integrated Logistics Rights Issue

Their Company was incorporated as ‘Patel Roadways Private Limited’ on June 22, 1962, as a private limited company under the Companies Act, 1956 with the Registrar of Companies, Maharashtra at Bombay, and consequently a certificate of incorporation dated June 26, 1970, was issued to their Company.

Their Company was converted into a deemed public company on September 20, 1988, and subsequently, pursuant to a special resolution of their Shareholders passed in an extra-ordinary general meeting dated February 07, 1990, their Company was converted into a full-fledged public limited company and subsequently, the name of their Company was changed to ‘Patel Roadways Limited’ and a fresh certificate of incorporation dated October 29, 1993.

The Promoter of this company is ASGAR SHAKOOR PATEL. The lead manager to the issue is NAand the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.


Patel Integrated Logistics Rights Issue Date

The opening and the closing date of the IPO of this rights issue are Nov 9, 2021, and Nov 23, 2021, respectively.


Patel Integrated Logistics Rights Issue Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Patel Integrated Logistics Rights Issue Dates

Find the dates below on basis of allotment, record, listing, and more:

Issue Opening Date
November 9, 2021
Last date for on-market renunciation of rights / Date of closure of trading of Rights EntitlementsNovember 17, 2021
Issue Closing DateNovember 23, 2021
Finalising the basis of allotment with the Designated Stock ExchangeDecember 3, 2021
Record dateOct 29, 2021
Date of AllotmentDecember 6, 2021
Credit of Shares to Demat AccountDecember 6, 2021
Share Listing DateDecember 7, 2021

Patel Integrated Logistics Rights Issue Price

The face value of each share is Rs.10, but the Cash Price is Rs.10 per Eq share. 


Patel Integrated Logistics Rights Issue Equity Size

This Initial Public Issue of 4,00,00,000 Equity Shares of Rs.10 each for cash at a price of Rs.10 per equity share aggregating to Rs.4,000 LAKHS


Patel Integrated Rights Issue – Live Performance

The listing date of this IPO is December 7, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – Patel Integrated Logistics Share Price

Patel Logistics Rights Issue – Company Overview

They are engaged in the business of providing logistics services and unified solutions focusing on air transportation and surface transportation as well as ancillary services such as courier services and warehousing. They operate their business through a pan-India network comprising 24 branch offices and presence across India covering major cities/towns/airports.

In the year 1994, their Company through an initial public offering of 20,00,000 Equity Shares at a price of Rs 45 per Equity Shares aggregating to Rs 9,00,00,000 listed its Equity Shares on BSE Limited, Delhi Stock Exchange Limited, Ahmedabad Stock Exchange Limited, Madras Stock Exchange Limited and Calcutta Stock Exchange Limited. Subsequently, in the year 2008, the Equity Shares of their company was listed on National Stock Exchange Limited. Currently, their company is listed on BSE, NSE, and CSE.

Until 2019, they were providing unified logistic solutions through road/surface and sea transportation, including premium door-to-door Express Cargo Service. In FY 2019-20, their Company executed a business transfer agreement dated June 28, 2019, with Innovative Logistics Service Private Limited, a wholly-owned subsidiary of Stellar Value Chain Solutions Private Limited.

Sold its surface transport business, on a going concern basis by Patel Integrated Logistics Limited Patel Airfreight Patel On-Board Courier Patel Warehousing 80 way of a slump sale, together with assets, liabilities, contracts, rights, obligations, employees relating to the said undertaking to Innovative Logistics Service Private Limited for a lump sum consideration of Rs 3,850 lakhs.


Patel Logistics Rights Issue – Financial Statements

A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & Lakhs)
31-Mar-2131-Mar-20
Total Assets1,90,29,34,5732,05,38,53,412
*Total Revenue2,17,30,29,2143,53,87,48,516
Total Expense2,17,03,11,5353,50,61,01,483
Profit After Tax5,49,43510,74,06,119

Earnings per Equity Share (in Lakhs)

31-Mar-2131-Mar-20
Basic0.036.50
Diluted0.036.50

 

Financial Performance:

Their other income decreased by Rs 15,59,678 or by (18.48) % from Rs 84,41,000 in the three months ended June 2020 to Rs 68,81,322 in the three months ended June 2021. This decrease was driven by a decrease in interest income and other non-operating income.

Their total revenue, which comprised of revenue from operations and other income, for the Financial Year 2021, was Rs2,17,30,29,214 as compared to Rs3,53,87,48,516 for the Financial Year 2020, representing a decrease of (38.59)%. This was due to a decrease in revenue from operations and other income.


Patel Logistics Rights Issue – Promoters

The Promoter of this company is:

  1. ASGAR SHAKOOR PATEL

List of Related Parties (Key Managerial Personnel)

  • Hari Venugopal Nair, Managing Director
  • Jasmin Dinshaw Lalla, Executive Director
  • Mahesh Fogla, Non-Executive Director
  • Farukh Soli Wadia, Independent Director
  • Jasmine Divyesh Mehta, Independent Director
  • Ramakant Krishnajirao Kadam, Independent Director

Patel Integrated Logistics Rights Issue Details

 ParticularsDetails of Equity Shares
Equity Shares proposed to be issuedUp to 4,00,00,000 Equity Shares
Rights EntitlementUpto 613 (Six Hundred and Thirteen) Rights Equity Share(s) for every 399 (Three Hundred and Ninety Nine) fully paid-up Equity Share(s) held on the Record Date i.e. October 29, 2021.
Record DateOctober 29, 2021
Issue Price per Rights Equity SharesRs.10/-
Issue SizeRs 4,000 Lakhs
Equity Shares issued, subscribed, and paid up prior to the Issue2,60,35,923 Equity Shares
Equity Shares subscribed and paid up after the IssueUp to 6,60,35,923 Equity Shares

Patel Integrated Logistics Rights Issue Object

Their Company proposes to utilize the Net Proceeds towards funding the following objects:

1. Repayment and/or prepayment of a portion of the principal and/or interest of certain borrowings availed by their Company; and
2. General corporate purposes.

Patel Integrated Rights Issue – Business Strategy

  • Continue to establish new warehouses
  • Improving Operational efficiencies
  • Quality Assurance
  • Widening their customer base by entering into new geographies
  • Continue to focus on enhancements in technology

Patel Rights Issue Lead Managers

Lead Managers
NA

Patel Integrated Logistics Rights Issue Registrar to offer

Registrar to the Offer
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, Facsimile: +91 22 6263 8280
E-mail: rightsissue@bigshareonline.com,Website: www.bigshareonline.com
Contact person: Ashish Bhope
Investor grievance: investor@bigshareonline.com
SEBI Registration No: INR000001385
Validity of Registration: Permanent

Patel Integrated Logistics Rights Issue – Other Details

  • Statutory Auditor – M/s. Hitesh Shah & Associates, Chartered Accountants..
  • Legal Counsel to the Company – M/s. Crawford Bayley & Co.
  • Bankers to the Company –  ICICI Bank Limited.


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    Patel Integrated Logistics Limited Rights Issue News

    News 1 – Patel Integrated Logistics Rights Issue Draft Download

    News 2 –  Patel Integrated Logistics Rights Issue Letter of Offer


    Patel Integrated Logistics Rights Issue Review FAQs

    Where to download the Patel Integrated Logistics letter of offer?

    This page is the perfect hub for shareholders, which wish to pursue the option of buying additional Patel Integrated Logistics Company shares. You will find a news section towards the end of the page, and the link which would redirect you to the letter of offer.

    Where to download the Application Form for Patel Integrated Logistics Rights Issue?

    Application forms of Patel Integrated Logistics Rights Issue can be obtained via multiple destinations. You can seek out the exchange or company or the registrar’s official websites. Furthermore, you may download the form, fill it up, and then choose either online or offline mode to submit it.

    How to check the Patel Integrated Logistics Rights Issue allotment date?

    They are highly oriented to provide you with end-to-end details of the Patel Integrated Logistics Rights Issue. Hence, they urge you to check out the page precisely for the allotment date. They will find a sub-section on the page, namely Rights Issue Dates, which features all necessary dates.

    What is the Patel Integrated Logistics Rights Issue price per share?

    Rights issue is generally an offer made to shareholders at a price lower than the market price. Hence, as per the offer made in the Letter of Offer, the company proposes to sell shares at Rs.10 per Equity Share through Patel Integrated Logistics Rights Issue.

    Who is the registrar to Patel Integrated Logistics Rights Issue?

    Registrar, as chosen by Patel Integrated Logistics is BIGSHARE SERVICES PRIVATE LIMITED. You can refer to this article which furthermore contains all the details of the registrar. Scroll towards the end of the page to find the registrar’s address, contact person, and email id information.

    When the Patel Integrated Logistics Rights Issue is opening?

    They collected all the scattered data from the Letter of Offer for their readers, to make it easy for them to easily locate the required details. As per the offer stated, the Patel Integrated Logistics Rights Issue is all set to open on Nov 9, 2021.

    When the Patel Integrated Logistics Rights Issue is closing?

    While the offer would open on Nov 9, 2021, it is most likely scheduled to close on Nov 23, 2021. This would be the last day you can bid for the shares, being an eligible shareholder. Check the article for more insights on the Patel Integrated Logistics Rights Issue.

    What is the Patel Integrated Logistics Rights Issue size?

    Patel Integrated Logistics Rights Issue is a proposal to raise 4,00,00,000 Equity shares, aggregating to Rs 4,000 Lakhs, from the existing shareholders. You can furthermore refer to the topmost table of this article to check out other crucial statistics such as Minimum Lot size, record date, RE, Face value, and more.

    Who is the Patel Integrated Logistics Rights Issue Lead manager?

    A designated underwriter or lead manager of Patel Integrated Logistics Rights Issue is NA. They also provide you with the information you need about the lead manager, such as an address, contact person, email address, and more. Such data is structured towards the end of the article.

    What are the important dates of the Patel Integrated Logistics Rights Issue?

    There are a bunch of important dates regarding the Patel Integrated Logistics Rights Issue, which you need to know about. The priority should be the Record Date of Oct 29, 2021 ., which deems you eligible for investment. The rest of the dates include opening, closing, allotment, listing, and more, which are all provided in the section Rights Issue Dates.


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