Update: Patel Integrated Logistics will be making the first and final call payment for the partly-paid shares.
The company has fixed October 7, 2022 as the record date to determine the shareholders of partly-paid shares to whom the final call notice would be sent. You can check the announcement from the company here.
As a result, the partly-paid shares of Patel Integrated Logistics (PATINTPP) will be suspended from trading on exchanges with effect from October 6, 2022, and you will not be able to see these holdings on Kite.
| Event Schedule | |
|---|---|
| Payment | ₹ 7.5 per share |
| Call Payment Period | October 21, 2022 to November 04, 2022 |
| Allotment & Listing | Within 2 to 3 weeks from the last date of payment |
How do I make the call payment
You can make call payment through the following modes:
- Netbanking ASBA: Through the website of the SCSB’s.
- Physical ASBA: By submitting a physical application to the Designated Branch of SCSB’s.
You can check the list of SCSB (Self Certified Syndicate Banks) here.
What will happen if I don’t make the call payment?
If you fail to pay the call money the partly paid shares may be forfeited (the current Patel Integrated Logistics partly-paid shares you hold will be worthless and will not trade on exchanges as the company will allot new shares under different ISIN). The company may also levy interest on the amount you owe.
Patel Integrated Logistics will issue Right Entitlements (RE’s) to anyone who holds its shares as of 29th October 2021 (record date). These RE’s will be temporarily traded on the stock exchanges and will then be extinguished. You can either use the RE’s to apply for the rights shares of Patel Integrated Logistics or you can sell them in the market. You can check the announcement from the company here.
| Issue Details | |
|---|---|
| Ex-Date | 28th October 2021 |
| Record Date | 29th October 2021 |
| Ratio | 613:399 |
| Issue Price | ₹ 10 |
| Issue Period | 9th November 2021 to 23rd November 2021 |
| RE Trading Period | 9th November 2021 to 17th November 2021 |
| Tentative Date of Allotment | 6th December 2021 |
| Tentative Date of Listing | 7th December 2021 |
How to apply for Patel Integrated Logistics Rights Issue?
Once you either receive the RE’s from the company or purchase it from the market, you can apply for the rights shares using Netbanking ASBA, you can check the process in this post.
You can also apply for rights shares through the website of the Registrar and Transfer Agent.
You will need to enter your demat account’s Beneficiary Owner ID which is a 16-digit number while applying either on the RTA’s website or through Netbanking ASBA.