Mahindra Holidays and Resorts India Ltd IPO (Mahindra Holidays IPO) Detail

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Incorporated in 1996, Mahindra Holidays and Resorts India Limited (MHRIL) is a part of the US$ 6.7 billion Mahindra group. MHRIL is India’s number one holiday brand offering quality family holidays with a range of services.

The company’s flagship brand ‘Club Mahindra Holidays’, has a fast growing customer base of over 79,000 members and 23 beautiful Resorts at some of the most exotic spots in India and abroad. Mahindra's resorts at Goa, Coorg, Munnar, Manali, Binsar Kumbhalgarh and Dharamshala are recipients of the RCI Gold Crown Award for the year 2008-2009.

Objects of the Issue:

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
1. Expansion of existing resorts & setting up new projects;
2. General Corporate purposes.

Issue Detail:

  »»  Issue Open: Jun 23, 2009 - Jun 26, 2009
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size: 9,265,275 Equity Shares of Rs 10 aggregating up to Rs 277.96 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 275 - Rs 325 Per Equity Share
  »»  Market Lot: 20 Shares
  »»  Minimum Order Quantity: 20 Shares
  »»  Listing At: BSE, NSE

FITCH has assigned an IPO Grade 4 to Mahindra Holidays and Resorts IPO. This means as per FITCH, company has Above average fundamentals . FITCH assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Link to download Fitch rating document.

Mahindra Holidays IPO Recommendations:

Issue Subscription Detail / Current Bidding Status

Mahindra Holidays IPO Review / Comments

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