Incorporated in 1949, Patel Engineering Limited stands as a distinguished construction company specializing in the fields of hydropower generation and irrigation. The company’s expertise spans a wide spectrum, encompassing the construction of dams, bridges, tunnels, roads, piling works, industrial structures, and other intricate heavy civil engineering endeavors.
With a legacy spanning over seven decades, Patel Engineering Limited’s robust presence in the industry is indicative of the multitude of projects they have undertaken. Their portfolio encompasses a diverse array of infrastructure projects, primarily in the domains of hydropower, irrigation, water supply, urban infrastructure, and transportation. The company operates predominantly as a civil contractor.
Certified under ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 standards, Patel Engineering Limited boasts a reputation for excellence. The company’s partnerships with international licensors and contractors solidify their status as an optimal engineering solutions provider across a multitude of industries.
In the current landscape, Patel Engineering Limited’s construction endeavors are centered around:
- Hydropower projects, inclusive of dams, tunnels, powerhouses, and barrages.
- Irrigation and water supply projects, encompassing dams, weirs, and pump houses.
- Urban infrastructure projects, with a focus on sewerage, micro tunneling, horizontal directional drilling, and pipelines.
- Transportation projects, encompassing roads, bridges, flyovers, and railway tunnels.
Leveraging their extensive experience, technological prowess, and robust financial capacity, Patel Engineering undertakes substantial infrastructure projects. This strategic positioning allows them to exert a formidable influence in the market, thereby providing enhanced offerings to their valued clientele.
Patel Engineering Ltd. Stock Quote #
- Open: ₹27.30
- High – Low: ₹27.30 – ₹24.85
- Previous Close: ₹27.30
- Total Traded Value: 1,31,01,582
- 52 Weeks High: ₹51.80 (Aug 08, 2023)
- 52 Weeks Low: ₹13.15 (Feb 27, 2023)
- Updated On: May 22, 2023 4:00 PM
Patel Engineering Rights Issue 2023 Detail #
| Issue Open | Feb 14, 2023 – Feb 27, 2023 |
| Security Name | Patel Engineering Limited |
| Issue Size (Shares) | 257,872,409 |
| Issue Size (Amount) | ₹324.92 Crores |
| Issue Price | ₹12.6 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
| Terms of Payment | The entire amount is payable on Application. |
| Entitlement | 1 Rights Equity Share for every 2 fully paid-up Equity Shares held as on the Record Date |
Patel Engineering Rights Issue 2023 Issue Timetable #
| Last Date to buy shares | Feb 3, 2023 |
| Record Date | Feb 6, 2023 |
| Credit of Rights Entitlements | Feb 13, 2023 |
| Bid/Offer Opens On | Feb 14, 2023 |
| Renunciation of Rights Entitlements | Feb 22, 2023 |
| Bid/Offer Closes On | Feb 27, 2023 |
| Deemed Date of Allotment | Mar 6, 2023 |
| Credit Date | Mar 9, 2023 |
| Listing Date | Mar 10, 2023 |
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 8,087.10 | 2,103.93 | -272.93 |
| 31-Mar-22 | 8,510.14 | 3,496.50 | 68.63 |
| Amount in ₹ Crore | |||
Objects of the Issue: #
The Company intends to utilize the proceeds raised through the Issue towards funding the following objects:
- Prepayment and/ or repayment of certain outstanding borrowings availed by our Company (including interest); and
- general corporate purposes.
Patel Engineering Rights Issue 2023 Documents #
Company Contact Information #
Patel Estate SV Road,
Jogeshwari (West),
Mumbai – 400 102Phone: +91 22 2676 7500
Email: investors@pateleng.com
Website: http://www.pateleng.com/
Patel Engineering Rights Issue 2023 Registrar #
- Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: pateleng.rights@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
