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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 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

Mahindra Logistics IPO Date Oct 31, 2017 to Nov 2, 2017
Mahindra Logistics IPO Face Value ₹10 per share
Mahindra Logistics IPO Price ₹425 to ₹429 per share
Mahindra Logistics IPO Lot Size 34 Shares
Issue Size19,332,346 shares of ₹10
(aggregating up to ₹829.36 Cr)
Offer for Sale19,332,346 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Company Promoters

The Promoter of the Company is Mahindra & Mahindra Limited.

Mahindra Logistics IPO Timeline (Tentative Timetable)

Mahindra Logistics IPO opens on Oct 31, 2017, and closes on Nov 2, 2017. The Mahindra Logistics IPO bid date is from Oct 31, 2017 10.00 A.M. to Nov 2, 2017 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Mahindra Logistics IPO Opening Date Oct 31, 2017
Mahindra Logistics IPO Closing Date Nov 2, 2017
Basis of Allotment Nov 8, 2017
Initiation of Refunds Nov 9, 2017
Credit of Shares to Demat Nov 9, 2017
Mahindra Logistics IPO Listing Date Nov 10, 2017

Mahindra Logistics IPO Lot Size

The Mahindra Logistics IPO 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
Retail (Min) 1 34 ₹14,586
Retail (Max) 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 Review

An investment opportunity in MLL from Mahindra group after a decade with asset light business model may be considered for medium to long term. (Subscribe). Read detail review...


Mahindra Logistics IPO Subscription Status (Bidding Detail)

The Mahindra Logistics IPO is subscribed 7.90 times on Nov 2, 2017 10:00:00 PM. The public issue subscribed 6.10 times in the retail category, 15.60 times in the QIB category, and 2.07 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB15.60
NII2.07
Retail6.10
Employee1.94
Total7.90

Mahindra Logistics IPO Prospectus

Mahindra Logistics IPO Rating

1393
4.0
Rating:Rated 4.0 stars
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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 share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹429.00
₹432.00
₹416.55
₹433.95
₹429.15
NSE
₹429.00
₹429.00
₹416.10
₹433.85
₹429.50

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

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

Mahindra Logistics IPO Review

Mahindra Logistics IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 7 0 0
Members 0 0 0

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IPO Broker Recommendations

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  • ICICI Direct - Apply
  • KR Choksey Securities Ltd - Apply

Mahindra Logistics IPO FAQs

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 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.

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

Mahindra Logistics IPO lot size is 34 Shares and the minimum order quantity is .

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.

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.

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

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1198 Comments

622. P M |   Link |Nov 29, 2017 5:55:11 PM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Again makes new all time high today ------ 461.25
621. Swastika Investmart |   Link |Nov 28, 2017 8:14:15 PM
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 |   Link |Nov 27, 2017 7:53:45 PM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
Finally Mahendra logistics became profitable for me. Holding a lot of Ipo allotted Shares.
619. P M |   Link |Nov 27, 2017 5:01:24 PM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Again makes new all time high today ------ 457.00
618. P M |   Link |Nov 24, 2017 10:21:30 PM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Makes new all time high today ------ 452.00
617. P M |   Link |Nov 17, 2017 4:35:52 PM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Again makes new all time low ------------- 405.00
617.1. Vijendra |   Link |Nov 21, 2017 9:54:34 AM
on the way for new time high
617.2. Vijendra |   Link |Nov 24, 2017 7:36:02 PM
450.30 new time high achieved today
616. MickeyP |   Link |Nov 19, 2017 3:22:41 PM
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
Seems there is no IPO lined up in the next few days. Finally IPO flood is settling down.
615. P M |   Link |Nov 16, 2017 5:01:21 PM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Today makes new all time low -------- 412.30
614. Niceone |   Link |Nov 13, 2017 12:30:20 PM
Something cooking in Mahindra SL 415 tg 470 as
614.1. Solution of Queries |   Link |Nov 15, 2017 2:45:02 PM
IPO Guru 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 |   Link |Nov 24, 2017 12:00:35 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Today 449.90
613. Cool Sunshine |   Link |Nov 14, 2017 9:21:28 PM
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 |   Link |Nov 15, 2017 2:44:00 PM
IPO Guru IPO Guru (1100+ Posts, 1400+ Likes)
if capacit''s infra can become boring..thn why not it is..ha ha right @ cool.........
612. MDK |   Link |Nov 13, 2017 9:35:06 PM
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 |   Link |Nov 10, 2017 8:14:51 PM
Top Contributor Top Contributor (300+ Posts)
this is the first time i haven''t sold nor bought on listing day, 1 lot alloted
611.2. Cool Sunshine |   Link |Nov 11, 2017 6:42:39 PM
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 |   Link |Nov 13, 2017 5:44:14 PM
Top Contributor Top Contributor (300+ Posts)
Thank you cool,

610. Septa |   Link |Nov 10, 2017 10:50:28 AM
IPO Guru IPO Guru (4000+ Posts, 4600+ 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.

610.13. Septa |   Link |Nov 11, 2017 7:58:11 PM
IPO Guru IPO Guru (4000+ Posts, 4600+ 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 |   Link |Nov 13, 2017 9:35:38 AM
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 |   Link |Nov 12, 2017 12:14:42 AM
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 |   Link |Nov 11, 2017 1:40:39 PM
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 |   Link |Nov 10, 2017 6:57:39 PM
Sold 30 in 432/-
Keeping 4 for future hope.
Dum nahi dikha paya ye aaj.
606. Chem cho |   Link |Nov 10, 2017 5:06:52 PM
IPO Guru IPO Guru (2400+ Posts, 2600+ 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 |   Link |Nov 10, 2017 4:12:58 PM
After whole day trading
It never down below issue price with volume
So now all delivery in strong hands
604. MOHIT JAIN |   Link |Nov 10, 2017 4:09:39 PM
Aise ipo ko kahte hai naam baade and darshan chote..
603. Carn Mohan |   Link |Nov 10, 2017 4:04:32 PM
IPO Mentor IPO Mentor (900+ Posts, 400+ Likes)
Aj dhool chat li isnay