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 Size6,000 Eq Shares
Record DateTHURSDAY, FEBRUARY 18, 2021
Issue Size (Rs.)Rs 950 Lakhs
Shares for Issue95,00,000 Eq Shares
Rights entitlement27 Rights EQ shares for every 47 Fully paid Eq Shares.

Patel Integrated Logistics Rights Issue is listed at BSE & NSE. 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 IssueThe 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 the Company

The  Company was converted into a deemed public company on September 20, 1988 and subsequently, pursuant to a special resolution of our Shareholders passed in an extra-ordinary general meeting dated February 07, 1990 their Company was converted into a full-fledged public limited company.

The Promoter of this company is Mr. Asgar Shakoor Patel. The lead manager to the issue is NA , and the Registrar to this issue is BIG SHARE SERVICES PRIVATE LIMITED.


Patel Integrated Logistics Rights Issue Date

The opening and the closing date of the IPO of Patel Integrated Logistics Limited are FEBRUARY 26, 2021 and MARCH 12, 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
Friday, February 26, 2021
Last date for on-market renunciation of rights / Date of closure of trading of Rights EntitlementsMonday, March 08, 2021
Issue Closing DateFriday, March 12, 2021
Finalising the basis of allotment with the Designated Stock ExchangeTuesday, March 23, 2021
Record dateFEBRUARY 18, 2021
Date of AllotmentTuesday, March 23, 2021
Credit of Shares to Demat AccountWednesday, March 24, 2021
Share Listing DateFriday, March 26, 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 95,00,000 Equity Shares of Rs.10 each for cash at a price of Rs.20  per equity share aggregating to Rs.950 LAKHS


Patel Integrated Rights Issue – Live Performance

The listing date of this IPO is Friday, March 26, 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 our business through a pan-India network comprising 24 branch offices and presence across India covering major cities/towns/airports. Under the current airfreight business and the erstwhile surface transport business, The Company is providing B2C services catering to the courier requirements of businesses on a daily basis. This division, which is currently is engaged in providing services as a wholesale consolidator involved in the delivery of courier material on a routine basis

In the year 1994, their Company through an initial public offering of 20,00,000 Equity Shares at a price of ₹ 45 per Equity Shares aggregating to ₹ 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.


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)
30-Sep-2031-Mar-2031-Mar-19
Total Assets1,79,26,12,6532,05,38,53,4132,27,01,77,357
*Total Revenue69,94,43,5343,53,87,48,515.914,53,34,02,027
Total Expense71,03,70,1673,50,61,01,4844,45,94,20,733
Profit After Tax(96,16,289)10,74,06,1196,32,53,988

Earnings per Equity Share (in Lakhs)

30-Sep-2031-Mar-2031-Mar-19
Basic & Diluted(0.58)6.504.99

 

Financial Performance:

The Company revenue from operations consists of Sale of services such as Co Loading and Cargo Income, Commission and Other Operating Income. Revenue from Co Loading and Cargo Income being the main contributor accounted for 80.18%, 61.84 %, 54.50 % of our revenue Financial Year 2020, Financial Year 2019 and Financial Year 2018, respectively

Their other income comprises of Interest Income, Dividend Income and other non-operating income. Our other income accounted for 1.83%, 1.23%, and 1.23% of our revenue for the Financial Year 2020, Financial Year 2019 and Financial Year 2018, respectively.

Their total revenue, which comprised of revenue from operations and other income, for the Financial Year 2020, was ₹ 3,53,87,48,516 as compared to ₹ 4,53,34,02,027 for the Financial Year 2019, representing a decrease of (21.94)%. This was primarily due to divestment of Surface Transport Division known as ‘Patel Roadways’ on a going concern basis to Innovative Logistics Service Private Limited, a subsidiary of Stellar Value Chain Solutions Pvt. Ltd. by way of “slump sale”. Our Company is therefore focused majorly on-air cargo consolidation.


Patel Logistics Rights Issue – Promoters

The Promoter of this company is:

  1. Mr. Asgar Shakoor Patel,

List of Related Parties (Key Managerial Personnel)

  • Mr. Farukh Soli Wadia , Chairman
  • Mr. Deepak Madhukar Keni, Chief Financial Officer.
  • Mr. Sweta Pankaj Parekh, Company Secretary.

Patel Integrated Logistics Rights Issue Details

 ParticularsDetails of Equity Shares
Equity Shares proposed to be issuedUpto 95,00,000 Equity Shares
Rights EntitlementUpto 27 (twenty-seven) Rights Equity Share(s) for every 47 (forty-seven) fully paid-up Equity Share(s) held on the Record Date i.e. Thursday, February 18, 2021.
Record DateThursday, February 18, 2021
Issue Price per Rights Equity SharesRs.10/-
Issue SizeUpto 95,00,000 Equity Shares of face value of ₹ 10 each for cash at a price of ₹ 10 per Rights Equity Share up to an amount of ₹ 950 lakhs.
Equity Shares issued, subscribed and paid up prior to the Issue1,65,35,923 Equity Shares
Equity Shares subscribed and paid-up after the IssueUpto 2,60,35,923 Equity Shares
Equity Shares outstanding after the IssueUpto 2,60,35,923 Equity Shares

Patel Integrated Logistics Rights Issue Object

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

1. To meet Working Capital requirements
2. General Corporate Purpose
3. Repayment and/or prepayment of a portion of the principal and/or interest of certain borrowings availed by our Company.

Patel Integrated Rights Issue – Business Strategy

  • Continue to establish new warehouses.
  • Improving Operational efficiencies.
  • Quality Assurance.
  • Widening our customer base by entering into new geographies.

Patel Rights Issue Lead Managers

Lead Managers

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 Patel Integrated Rights Issue 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 Application Form for Patel Logistics Rights Issue?

    Application forms of Patel Integrated Logistics Rights Issue can be obtained via multiple destinations. You can seek out for 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 Patel Integrated Logistics Rights Issue allotment date?

    We are highly oriented to provide you with end-to-end details of the Patel Integrated Logistics Rights Issue. Hence, we urge you to check out the page precisely for the allotment date. We 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 registrar’s address, contact person and email id information.

    When the Patel Integrated Logistics Rights Issue is opening?

    We collected all the scattered data from the Letter of Offer for our 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 Friday, February 26, 2021.

    When the Patel Integrated Logistics Rights Issue is closing?

    While, the offer would open on Friday, February 26, 2021, it is most likely scheduled to close on Friday, March 12, 2021. This would be the last day you can bid for the shares, being an eligible shareholder. Check the article for more insights on Patel Integrated Logistics Rights Issue.

    What is the Patel Integrated Logistics Rights Issue size?

    Patel Integrated Logistics Rights Issue is a proposal to raise 95,00,000 Equity shares, aggregating to Rs 950 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. We 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 Patel Integrated Logistics Rights Issue?

    There are a bunch of important dates regarding Patel Integrated Logistics Rights Issue, which you need to know about. The priority should be Record Date of FEBRUARY 18, 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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