SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Patel Engineering launches QIP at Rs 59.50 apiece

23 Apr 2024 Evaluate

Patel Engineering (PEL) has launched a qualified institutional placement (QIP) with a floor price of Rs 59.50 apiece. The company’s board authorised the opening of the issue on April 22. A meeting of the Allotment Committee is scheduled to be held on April 25, 2024, to, inter alia, consider and determine the issue price for the Equity Shares to be allotted to qualified institutional buyers pursuant to the issue.

Patel Engineering provides a wide range of civil engineering services involved in design and construction of power projects, hydroelectric projects, commercial building, industrial complexes, dams, tunnels, underground structures, steel and concrete structures, bridges, marine works, flyovers and national highways in India and abroad.

Patel Engineering Share Price

27.68 -0.79 (-2.77%)
24-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 4013.95
Rail Vikas Nigam 303.35
NCC 162.00
KEC International 575.55
Kalpataru Projects 1241.35
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×