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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) | |||||
|---|---|---|---|---|---|---|
| 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.
| 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) |
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 |
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 |
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.
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 |
| 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 |
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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: http://www.linkintime.co.in
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.
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 34 Shares.
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.
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