Incorporated in 2008, Mahindra Logistics Limited is end-to-end logistics solution and service provider. Mahindra Logistics is part of Mahindra Group (M&M), one of India's leading corporate groups with operations across several industries and countries. Before 2008 the logistics business of M&M was operated as a division of M&M serving the transportation and distribution, warehousing and in-factory logistics requirements of M&M.
The logistics solution of the company includes transportation and distribution, warehousing, in-factory logistics and value added services to its clients.
Company also provide people transportation solutions and services across India to over 100 domestic and multinational companies operating in the IT, ITeS, business process outsourcing, financial services, consulting and manufacturing industries in 12 cities and over 120 clients.
Company's subsidiary, 2X2 Logistics, provides logistics and transportation services to OEMs to carry finished automobiles from the manufacturing locations to stockyards or directly to the distributors through specially designed vehicles.
Company's other subsidiary, Lords, provides international freight forwarding services for exports and imports, customs brokerage operations, project cargo services and charters.
The Promoter of the Company is Mahindra & Mahindra Limited.
|Particulars||For the year/period ended (in Rs. million)|
|Profit After Tax||460.69||359.68||385.24|
The objects of the Offer are:
1. To achieve the benefits of listing the Equity Shares on the Stock Exchanges and
2. For the Offer for Sale.
Company will not receive any proceeds from the Offer as all the proceeds will be received by the Selling Shareholders.
»» Issue Open: Oct 31, 2017 - Nov 2, 2017
»» Issue Type: Book Built Issue IPO
»» Issue Size: 19,332,346 Equity Shares of Rs 10 aggregating up to Rs 829.36 Cr
› Offer for Sale of 19,332,346 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 425 - Rs 429 Per Equity Share
»» Market Lot: 34 Shares
»» Minimum Order Quantity: 34 Shares
»» Listing At: BSE, NSE
Date: 30th Oct 2017
Mahindra Logistics Limited has allocated 57,62,203 equity shares at Rs 429 per equity share aggregating to Rs.247.2 crore to 15 anchor investors. 6 mutual funds have applied through a total of 10 schemes.
|Number of Times Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Employee||Total|
|Shares Offered / Reserved||3,841,469||2,881,102||6,722,572||125,000||13,570,143|
|Day 1 - Oct 31, 2017 17:00 IST||0.3500||0.0300||0.7600||0.2900||0.4800|
|Day 2 - Nov 1, 2017 17:00 IST||0.7600||0.1000||2.1700||0.9200||1.3200|
|Day 3 - Nov 2, 2017 22:00 IST||15.6000||2.0700||6.1000||1.9400||7.9000|
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