Mahindra Logistics Limited IPO (Mahindra Logistics IPO) Detail

Oct 31, 2017 - Nov 2, 2017

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.

Company Promoters:

The Promoter of the Company is Mahindra & Mahindra Limited.

Company Financials:

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (in Rs. million)
	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	8,167.17	5,914.67	5,188.47
Total Revenue	26,762.52	20,771.25	19,395.55
Profit After Tax	460.69	359.68	385.24

Objects of the Issue:

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.

Mahindra Logistics IPO Details

IPO Opening Date	Oct 31, 2017
IPO Closing Date	Nov 2, 2017
Issue Type	Book Built Issue IPO
Face Value	₹10 per equity share
IPO Price	₹425 to ₹429 per equity share
Market Lot	34 Shares
Min Order Quantity	34 Shares
Listing At	BSE, NSE
Issue Size	19,332,346 Eq Shares of ₹10 (aggregating up to ₹829.36 Cr)
Offer for Sale	19,332,346 Eq Shares of ₹10 (aggregating up to ₹[.] Cr)

Mahindra Logistics IPO Tentative Timetable

The Mahindra Logistics IPO open date is Oct 31, 2017, and the close date is Nov 2, 2017. The issue may list on Nov 10, 2017.

IPO Open Date	Oct 31, 2017
IPO Close Date	Nov 2, 2017
Basis of Allotment Date	Nov 8, 2017
Initiation of Refunds	Nov 9, 2017
Credit of Shares to Demat Account	Nov 9, 2017
IPO Listing Date	Nov 10, 2017

Mahindra Logistics IPO Lot Size

The Mahindra Logistics IPO market lot size is 34 shares. A retail-individual investor can apply for up to 13 lots (442 shares or ₹189,618).

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	34	₹14,586
Maximum	13	442	₹189,618

Allotment to Anchor Investors

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.

Mahindra Logistics IPO Subscription Status (Bidding Detail)

The Mahindra Logistics IPO is subscribed 7.90x times on Nov 2, 2017 22:00. The public issue subscribed 6.10x in the retail category, 15.60x in the QIB category, and 2.07x in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
QIB	15.60x
NII	2.07x
RII	6.10x
Employee	1.94x
Total	7.90x

Mahindra Logistics IPO Prospectus

› Mahindra Logistics IPO DRHP
› Mahindra Logistics IPO RHP

Mahindra Logistics IPO Rating

1393

4.0

Rating:

Vote Here ...

Mahindra Logistics IPO Listing Date

Listing Date	Friday, November 10, 2017
BSE Script Code	540768
NSE Symbol	MAHLOG
Listing In
ISIN	INE766P01016
IPO Price	₹429 per equity share
Face Value	₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

BSE
₹429.00
₹432.00
₹416.55
₹433.95
₹429.15
1,499,246

NSE
₹429.00
₹429.00
₹416.10
₹433.85
₹429.50
10,214,458

Mahindra Logistics IPO Reviews / Ratings

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Company Contact Information

Mahindra Logistics Limited
Mahindra Towers, P. K. Kurne Chowk,
Worli, Mumbai - 400018

Phone: +91 22 2490 1441
Email: cfo.mll@mahindra.com
Website: http://www.mahindralogistics.com/

Mahindra Logistics IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: mahindralogistics.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Mahindra Logistics IPO Lead Manager(s)

Lead Manager Reports

Mahindra Logistics IPO FAQs

What is Mahindra Logistics IPO?

Mahindra Logistics IPO is a main-board IPO of 19,332,346 equity shares of the face value of ₹10 aggregating up to ₹829.36 Crores. The issue is priced at ₹425 to ₹429 per equity share. The minimum order quantity is 34 Shares.

The IPO opens on Oct 31, 2017, and closes on Nov 2, 2017.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
When Mahindra Logistics IPO will open?

The Mahindra Logistics IPO opens on Oct 31, 2017 and closes on Nov 2, 2017.
What is the lot size of Mahindra Logistics IPO?

Mahindra Logistics IPO lot size is 34 Shares and the minimum order quantity is 34 Shares.
How to apply for Mahindra Logistics IPO?

You can apply in Mahindra Logistics IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
When Mahindra Logistics IPO allotment?

The finalization of Basis of Allotment for Mahindra Logistics IPO will be done on Nov 8, 2017, and the allotted shares will be credited to your demat account by Nov 9, 2017. Check the Mahindra Logistics IPO allotment status.
When is Mahindra Logistics IPO listing date?

The Mahindra Logistics IPO listing date is on Friday, November 10, 2017.

Mahindra Logistics IPO Message Board

Ranked Members

622. P M |Nov 29, 2017 18:55

IPO Guru (1100+ Posts, 1100+ Likes)

Again makes new all time high today ------ 461.25

621. Swastika Investmart |Nov 28, 2017 21:14

The issue received bids for 30,98,148 shares, which was 37 per cent of the total issue size of 1,35,70,143 shares. Retail individual investor quota was subscribed around 57.89 per cent, qualified institutional buyer 35 per cent and non-institutional individual investor was negligibly subscribed.

Mahindra & Mahindra and private equity investor Kedaara Capital will each sell 96.6 lakh shares through the IPO. This represents a stake of nearly 27.5 per cent. Mahindra Logistics is not selling any fresh shares.

To know more, contact us at https://www.swastika.co.in/contact-us

620. Aniketiaf |Nov 27, 2017 20:53

IPO Guru (1300+ Posts, 8100+ Likes)

Finally Mahendra logistics became profitable for me. Holding a lot of Ipo allotted Shares.

619. P M |Nov 27, 2017 18:01

IPO Guru (1100+ Posts, 1100+ Likes)

Again makes new all time high today ------ 457.00

618. P M |Nov 24, 2017 23:21

IPO Guru (1100+ Posts, 1100+ Likes)

Makes new all time high today ------ 452.00

617. P M |Nov 17, 2017 17:35

IPO Guru (1100+ Posts, 1100+ Likes)

Again makes new all time low ------------- 405.00

617.1. Vijendra |Nov 21, 2017 10:54

on the way for new time high

617.2. Vijendra |Nov 24, 2017 20:36

450.30 new time high achieved today

616. MickeyP |Nov 19, 2017 16:22

Top Contributor (300+ Posts, 400+ Likes)

Seems there is no IPO lined up in the next few days. Finally IPO flood is settling down.

615. P M |Nov 16, 2017 18:01

IPO Guru (1100+ Posts, 1100+ Likes)

Today makes new all time low -------- 412.30

614. Niceone |Nov 13, 2017 13:30

Something cooking in Mahindra SL 415 tg 470 as

614.1. Solution of Queries |Nov 15, 2017 15:45

IPO Guru (1100+ Posts, 1400+ Likes)

Nothing cooking sir ji.....its only trap ,,,better go for other good stocks if u want to invest now......

614.2. RJ Rocks |Nov 24, 2017 13:00

Today 449.90

613. Cool Sunshine |Nov 14, 2017 22:21

This stock will test everybody patience as it will rise very very gradually even most of the days/weeks rise will be so gradual that no one will notice it.

So if you are a long term investors be ready for grind otherwise act accordingly.

There is a little or no down side but on the up-side rise will take time...........

Another boring stock...isn''t it?

613.1. Solution of Queries |Nov 15, 2017 15:44

IPO Guru (1100+ Posts, 1400+ Likes)

if capacit''s infra can become boring..thn why not it is..ha ha right @ cool.........

612. MDK |Nov 13, 2017 22:35

mahindra logistics will move upwards. as market closed in red for 5 days in a row, we saw poor listing in mahindra logistics. gst revision will benefit logistics sector, short term investor should hold mahindra logistics for target 475 with stop loss of 400. long term investors should hold mahindra logistics , it will reach 700 in next 18-24 months.

its subsidiary of m&m , it has debt free Balance sheet , asset light model

611. sree vas |Nov 10, 2017 21:14

this is the first time i haven''t sold nor bought on listing day, 1 lot alloted

Load more comments (1 replies)

611.2. Cool Sunshine |Nov 11, 2017 19:42

Btw, I am happy that you were not in a hurry to act. One shud always have solid reasons to buy in this market and also solid reasons to sell. Impulse transactions shud be avoided.

611.3. sree vas |Nov 13, 2017 18:44

Thank you cool,

610. Septa |Nov 10, 2017 11:50

IPO Guru (4000+ Posts, 4500+ Likes)

Rs 300 stock offered at Rs 429 however I am surprised ???? it is still near IPO price should tank but liquidity is not letting it tank.

Load more comments (12 replies)

610.1. ChotaKhatri |Nov 10, 2017 12:22

Short?

610.2. Prats |Nov 10, 2017 12:35

Sir, good to see you back, but looking at some of your recent comments, I really doubt it''s the same Septa or someone else. You always used to back your statements with some facts but nowadays I see mostly passing remarks from you.
Do you really think it''s worth 300?

610.3. gamble |Nov 10, 2017 15:01

IPO Guru (1600+ Posts, 3900+ Likes)

@300 fair value agree but when nifty goes below 8000,

Don''t get me wrong sir,
I don''t understand why u got fair value near 300 and expecting sharp downfall,

If see m.cap/sales

Then only GATI/ALL cargo is cheaper, otherwise other trading
Blue dart >3x,Vrl >2x, TCI =1.1x (vs MLL 1.1x) with same or below growth.

So issue price is not much that high like 130 rs high (30% correction possible )

We can give 50PE easily imo, So max 390-400 possible (@this mkt lvls)

I gave xtra 5 pe because of strong group,
But that factor seems priced in, still

I M HOPING FOR 450+ (FD) in coming days with SL.

Let see!!
Finger not crossed !!

610.4. Septa |Nov 10, 2017 15:31

IPO Guru (4000+ Posts, 4500+ Likes)

Gamble I never take anything in serious Take my new project use Bot to trade in pair trading where each trade is 40% to 69% return so I Hardly get time with primary market.
As I said earlier market is in bubble phase. Like 2007 when valuation do not make sense.

610.5. yazoo |Nov 10, 2017 16:29

Value is relative to market sentiment and free float .. and for ML it is also relative to business it gets from outside M&M which is both a positive and negative ... how long will the management hold the script ?

610.6. Septa |Nov 10, 2017 17:13

IPO Guru (4000+ Posts, 4500+ Likes)

I strongly believe it is 300 stock.

Only reason for short msg its time constraint

Let me try and explain why i think this a 300 kind of stock not 429 type stock

growth is 20% margin is 2% so even if grows by 20% it will take five years at least to double EPS

present PE is 60 so in five years if it grows by 20% PE will be 30 PE...... make EPS of 15

so if discount future growth to present value i get Rs 270 as fair value

GST will benefit but will be negligible so another 10% giving a GST adjusted fair value Rs300

610.7. Septa |Nov 10, 2017 17:16

IPO Guru (4000+ Posts, 4500+ Likes)

Initial Cash Flow:       Rs 46,00,00,000.00

Years:      1-5      6-10
Growth Rate:      15%      10%

Terminal Growth Rate:      5%            Discount Rate:      10%

Shares Outstanding:      7,11,41,924            Margin of Safety:      25%
Debt Level:

Year      Flows      Growth      Value
1      55,20,00,000       20%       Rs 50,18,18,181.82
2      66,24,00,000       20%       Rs 54,74,38,016.53
3      78,82,56,000       19%       Rs 59,22,28,399.70
4      93,80,24,640       19%       Rs 64,06,83,450.58
5      1,10,68,69,075       18%       Rs 68,72,78,610.63
6      1,30,61,05,509       18%       Rs 73,72,62,509.58
7      1,52,81,43,445       17%       Rs 78,41,79,214.74
8      1,78,79,27,831       17%       Rs 83,40,81,528.40
9      2,07,39,96,284       16%       Rs 87,95,76,884.50
10      2,40,58,35,689       16%       Rs 92,75,53,805.47


Terminal Year       Rs 2,52,61,27,473.73

PV of Year 1-10 Cash Flows:                   Rs 7,13,21,00,601.94

Terminal Value:                   Rs 19,47,86,29,914.84

Total PV of Cash Flows:                   Rs 26,61,07,30,516.78

Number of Shares:                  7,11,41,924

Intrinsic Value (IV):                   Rs 374.05

Margin of Safety IV:                   Rs 280.54

What Percentage of IV comes from                   73%
the Terminal Value:

610.8. gamble |Nov 10, 2017 21:55

IPO Guru (1600+ Posts, 3900+ Likes)

Thanks for full analytical answer,

On lighter note margin of safety has almost gone as nifty trading 10k mark,

So 374 type value good,

but if margin improves after gst just a little bit let say 1.9-2%(frm current 1.7%) then full yr income 3300*cr (q1 854cr) PAt 62 - 66 cr then EPS 9rs,

@429 PE 47,@400 PE 44,@300 PE 33(¡!)

@450 PE 50

Plus little more optimistic because if see All logistics then they still struggling to cross 2015 PAT(highest ever for logistics) , but MLL has given good increases in 2017 frm 2015 ,and q12018

Plus margin improves splendidly in logistics firms in Q2,

Like TCI ( 6.2% vs 5.33%(yoy)
Vrl (4.8% vs 3%)

Allcargo margin down so today punished, now hv higher hope on GATI and Offcourse MLL. !!
. So just little improvements on margin front and we good imo

DCF only calculate earnings with expected growth but ignore total sales (other word PE multiple only with growth rate)

610.9. Septa |Nov 10, 2017 22:34

IPO Guru (4000+ Posts, 4500+ Likes)

gamble i not sure how big is ur investment or how many years in market..... 30 years back one person advice buy an abattoir for price of butcher shop u will never go wrong in bear market

610.10. gamble |Nov 11, 2017 12:58

IPO Guru (1600+ Posts, 3900+ Likes)

Sir,
My experience in mkt = 1/5th or 1/7th or even below that may b!!

Let me put this discussion to an end

You believe that mkt is very high valuation and i believe still something left.
So no point of see financials, as if mkt see sharp correction even Biggie may crash so not possible MLL can give return.

Agree u never go wrong in bear mkt,
But
''''not everything is buy in bear mkt and not everything is sell on bull mkt''''

610.11. phrao |Nov 11, 2017 13:27

Top Contributor (300+ Posts, 400+ Likes)

Sir
WE ALL KNOW IN MARKET .
Approximately 500 companies traded 2-3times to its fair value.
As per your analysis it is traded 1.5 times (original value 300 but it is traded 430.)
SO THERE IS NO PROBLEM IN THIS STOCK

SIR, WHERE ARE FUNDAMENTALS AND ETHICS IN THE present MARKET?

610.12. Cool Sunshine |Nov 11, 2017 19:37

It is difficult to say how much (if any) steam is left in this market as it has been looking for long, some solid reasons to correct significanrly but that it has not been able to find so far. E.g. last week was bearish and looked like market was preparing to correct but now today GST rates has gone down and market will cheer it on Monday. This cannot continue indefinitely..and till major 10+% percentage types correction happens....all valuations calculation will not hold.
Now the question is what we should be ideally doing till then. Septa has already started focus on capital preservation to reduce risk where as gamble is willing to take more risk and continue to focus on gains for some more time. I believe both are right and difference is more in their risk perception. Each one of us should have our own risk profile and market risk perception based on which we should take stance on specific stocks and IPO offers. Both Septa and gamble have great understanding of the market and that has helped large no of boarders in this forum. Let us continue collaborating in the same spirit and generate wealth for ourselves.

610.13. Septa |Nov 11, 2017 20:58

IPO Guru (4000+ Posts, 4500+ Likes)

GAMBLE
''''''''not everything is buy in bear mkt and not everything is sell on bull mkt''''''''
great quote and I agree 110%!

These
Days I am happy with 25% return per annum I know if I get that in 10 years I will have 10 times what I have today
COOL SUNSHINE PHROA VERY GOOD SUGGESTION

LIKE UR POST

610.14. Surjeet Gureja |Nov 13, 2017 10:35

Hi Septa,

Your 2 recommendations (South Indian bank and Tata Global Beverages) have given me good returns. Thank you for being my wealth creator.

Thanks
Surjeet Gureja

609. SME ADVISOR |Nov 12, 2017 01:14

mahindra brand always investor friendly.
go ahead buy this company

its high growth, almost nil debt, good management

what else u need in a stock. if valuation was a key not many people know that Jubiliant foodworks was told to be expensive since beginning kept going higher and have become a multibagger stock

608. Sultaann |Nov 11, 2017 14:40

M&M stand-alone net profit jumps 25% in Sep quarter, announces 1:1 bonus issue..

I hope Monday listing would be better.

607. Neeraj Sharma |Nov 10, 2017 19:57

Sold 30 in 432/-
Keeping 4 for future hope.
Dum nahi dikha paya ye aaj.

606. Chem cho |Nov 10, 2017 18:06

IPO Guru (2000+ Posts, 2000+ Likes)

STOCK DID NOT GO DOWN .
WAS TRADING IN RANGE OF RS 425 - RS 430
There was freak trade at opening down to rs 416 , touched high of rs 433 ,
over all the stock closed at rs 429 , seems in strong hands
some one was helping to keep the stock steady , punters did not earn much in this stock

605. harit |Nov 10, 2017 17:12

IPO Guru (1600+ Posts, 2700+ Likes)

After whole day trading
It never down below issue price with volume
So now all delivery in strong hands

604. MOHIT JAIN |Nov 10, 2017 17:09

Aise ipo ko kahte hai naam baade and darshan chote..

603. Carn Mohan |Nov 10, 2017 17:04