PROSPECTUS Please read Section 60B of the Companies Act, 1956. Dated May 15, 2006 100% Book Built Issue PATEL ENGINEERING LIMITED (Our Company was incorporated as “Patel Engineering Company Limited” on April 2, 1949 at Mumbai under the Companies Act, 1913 with the Registration No. 7039 of 1949- 50. The name of our Company was changed to “Patel Engineering Limited” with effect from December 9, 1999. For details of changes to our Registered Office, please refer to the chapter titled “History and Other Corporate Matters” on page 78 of this Prospectus. Registered Office: Patel Estate Road, Jogeshwari (West), Mumbai – 400 102. Tel: +91 22 2678 2916 • Fax: +91 22 2678 2455. Contact Person: Ms. Shobha Shetty • E-mail:
[email protected] • Website: www.pateleng.com PUBLIC ISSUE OF 9,659,090 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. 4,250 MILLION (HEREINAFTER REFERRED TO AS THE “ISSUE”). THE ISSUE COMPRISES A NET ISSUE TO THE PUBLIC OF UP TO 9,176,135 EQUITY SHARES OF RE. 1 EACH AGGREGATING TO RS. 4,037.50 MILLION (“NET ISSUE”) AND A RESERVATION FOR EXISTING RETAIL SHAREHOLDERS OF THE COMPANY OF UP TO 482,955 EQUITY SHARES OF RE. 1 EACH (“EXISTING RETAIL SHAREHOLDERS’ RESERVATION PORTION”) AGGREGATING TO RS. 212.50 MILLION. THE ISSUE WILL CONSTITUTE 16.2% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF THE COMPANY. THE ISSUE PRICE IS RS. 440 PER EQUITY SHARE THE FACE VALUE OF THE EQUITY SHARES IS Re.