Patel Engineering Ltd - IPO

Patel Engineering Ltd IPO Details

Public issue of 96,59,090 equity shares of Re. 1 each at a price of Rs.440/- per equity share(including share premium of Rs.439/- per Equity Share) for cash aggregating Rs.425.00 crores (hereinafter referred to as the Issue). The issue comprises a net issue to the public of up to 91,76,135 Equity Shares of Re. 1 each aggregating to Rs. 403.75 crores (net issue) and a reservation for existing retail shareholders of the company of up to 4,82,955 equity shares of Re. 1 each (existing retail shareholders' reservation portion) aggregating to Rs. 21.25 crores. The issue will constitute [*]% of the fully diluted post issue paid-up capital of the company.The issue price is 440 times of the face value Re.1

Objective of issue

Investment in capital equipment. Repayment of Contractee Advances/Debt. Invest. in Infra. Proj.subsidiaries acquisition&JV. General Corporate Purposes.

Patel Engineering Ltd Contact Details

Patel Engineering Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - investors@pateleng.com, shobha.shetty@pateleng.com

Website - www.pateleng.com