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Mahindra Logistics IPO is a book built issue of Rs 829.36 crores. The issue is entirely an offer for sale of 1.93 crore shares.
Mahindra Logistics IPO bidding started from October 31, 2017 and ended on November 2, 2017. The allotment for Mahindra Logistics IPO was finalized on Wednesday, November 8, 2017. The shares got listed on BSE, NSE on November 10, 2017.
Mahindra Logistics IPO price band is set at ₹425 to ₹429 per share. The minimum lot size for an application is 34 Shares. The minimum amount of investment required by retail investors is ₹14,586.
Axis Bank Limited and Kotak Mahindra Capital Company Limited are the book running lead managers of the Mahindra Logistics IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Mahindra Logistics IPO RHP for detailed information.
IPO Date | October 31, 2017 to November 2, 2017 |
Listing Date | November 10, 2017 |
Face Value | ₹10 per share |
Price Band | ₹425 to ₹429 per share |
Lot Size | 34 Shares |
Total Issue Size | 19,332,346 shares (aggregating up to ₹829.36 Cr) |
Offer for Sale | 19,332,346 shares of ₹10 (aggregating up to ₹[.] Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share holding pre issue | 71,141,924 |
Share holding post issue | 71,141,924 |
Mahindra Logistics IPO offers 13,570,143 shares. 3,841,469 (28.31%) to QIB, 2,881,102 (21.23%) to NII, 6,722,572 (49.54%) to RII, 125,000 (0.92%) to employees. 197,722 RIIs will receive minimum 34 shares and (sNII) and (bNII) will receive minimum 476 shares. (in case of oversubscription)
Investor Category | Shares Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 3,841,469 (28.31%) | NA |
NII (HNI) Shares Offered | 2,881,102 (21.23%) | |
Retail Shares Offered | 6,722,572 (49.54%) | 197,722 |
Employee Shares Offered | 125,000 (0.92%) | NA |
Total Shares Offered | 13,570,143 (100%) |
Mahindra Logistics IPO opens on October 31, 2017, and closes on November 2, 2017.
IPO Open Date | Tuesday, October 31, 2017 |
IPO Close Date | Thursday, November 2, 2017 |
Basis of Allotment | Wednesday, November 8, 2017 |
Initiation of Refunds | Thursday, November 9, 2017 |
Credit of Shares to Demat | Thursday, November 9, 2017 |
Listing Date | Friday, November 10, 2017 |
Cut-off time for UPI mandate confirmation | 5 PM on November 2, 2017 |
Investors can bid for a minimum of 34 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 34 | ₹14,586 |
Retail (Max) | 13 | 442 | ₹189,618 |
Lot Size Calculator |
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.
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 |
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.
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The Mahindra Logistics IPO is subscribed 7.90 times on November 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)
Category | Subscription (times) |
---|---|
QIB | 15.60 |
NII | 2.07 |
Retail | 6.10 |
Employee | 1.94 |
Total | 7.90 |
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.
Listing Date | November 10, 2017 |
BSE Script Code | 540768 |
NSE Symbol | MAHLOG |
ISIN | INE766P01016 |
Final Issue Price | ₹429 per share |
Price Details |
---|
Final Issue 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 |
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/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: mahindralogistics.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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 October 31, 2017, and closes on November 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 October 31, 2017 and closes on November 2, 2017.
Mahindra Logistics IPO lot size is 34 Shares, and the minimum amount required is ₹14,586.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Mahindra Logistics IPO will be done on Wednesday, November 8, 2017, and the allotted shares will be credited to your demat account by Thursday, November 9, 2017. Check the Mahindra Logistics IPO allotment status.
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