Patel Engineering Limited Right Issue

₹324.92 Cr BSE, NSE 14 Feb 2023 – 27 Feb 2023

Closed BSE, NSE
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Issue Price
₹12.60
Face Value
₹1.00
Issue Size (Shares)
257,872,409
Issue Size (₹ Cr.)
₹324.92
📅 Right Issue Timetable
Last Date to Buy SharesFri, Feb 3, 2023
Record DateMon, Feb 6, 2023
Credit of Rights EntitlementsMon, Feb 13, 2023
Bid/Offer Opens OnTue, Feb 14, 2023
Issue Open DateTue, Feb 14, 2023
Renunciation Last DateWed, Feb 22, 2023
Bid/Offer Closes OnMon, Feb 27, 2023
Issue Close DateMon, Feb 27, 2023
Deemed Date of AllotmentMon, Mar 6, 2023
Credit DateThu, Mar 9, 2023
Listing DateFri, Mar 10, 2023
📋 Right Issue Details
Issue Size (Shares)257,872,409
Issue Size (Amount)₹324.92 Cr.
Issue Price₹12.60 per share
Face Value₹1.00 per share
Entitlement Ratio
Listing AtBSE, NSE
Terms of Payment₹12.6 per share payable in full at the time of application.
📊 Company Financials (Restated)
Period Ended2022-03-312021-03-31FY I
Income3,496.502,103.93
EBITDA
Net Worth
Reserves & Surplus

Amount in ₹ Crore

🏢 About the Company
Incorporated in 1949, Patel Engineering Limited is operating as a construction company specializing in the hydropower generation and irrigation segments. They are engaged in the construction of dams, bridges, tunnels, roads, piling works, industrial structures, and other kinds of heavy civil engineering work.

One can assume the number of projects the company has undertaken given its presence of more than 7 decades in the industry. They have executed a variety of infrastructure projects in the hydropower, irrigation, water supply, urban infrastructure, and transportation segments primarily as civil contractors.

Patel Engineering Limited is an ISO 9001: 2015, ISO 14001:2015, and ISO 45001:2018 certified Company. The company has international licensors & contractors making them an ideal engineering solutions partner for a wide spectrum of services covering a variety of industries.

Presently, the company's construction operations revolve around:

Hydropower projects including dams, tunnels, power-houses, and barrages;
Irrigation and water supply projects including dams, weirs, and pump houses;
Urban infrastructure projects & others including sewerage, micro tunneling and horizontal directional drilling, and pipelines; and
Transportation projects including roads, bridges, flyovers, and tunnels for railways
Patel Engineering is able to undertake large-scale infrastructure projects with the help of its wide experience, technological abilities and financial strength. This allows them a strong hold in the market and offers better offerings to their customers.
📞 Company Contact
CompanyPatel Engineering Limited
AddressPatel Estate SV Road,
Jogeshwari (West),
Mumbai – 400 102
Mumbai, Maharashtra, 400102
Phone+91 22 2676 7500
Emailinvestors@pateleng.com
WebsiteVisit ↗
📝 Registrar
NameMUFG Intime India Pvt.Ltd
Phone022-49186000
Emailpateleng.rights@linkintime.co.in
WebsiteVisit ↗