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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 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
Issue OpenOct 31, 2017 - Nov 2, 2017
Issue TypeBook Built Issue IPO
Issue Size19,332,346 Eq Shares of Rs 10
(aggregating up to Rs 829.36 Cr)
Offer for Sale19,332,346 Eq Shares of Rs 10
(aggregating up to Rs [.] Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 425 - Rs 429 Per Equity Share
Market Lot34 Shares
Min Order Quantity34 Shares
Listing AtBSE, NSE

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 (Live)

Mahindra Logistics IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Total

Shares Offered

3,841,469

2,881,102

6,722,572

125,000

13,570,143

Nov 2, 2017 22:00

15.60x

2.07x

6.10x

1.94x

7.90x

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
  •   ›  Issue Price: Rs 429 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE
Rs 429.00
Rs 432.00
Rs 416.55
Rs 433.95
Rs 429.15
1,499,246
NSE
Rs 429.00
Rs 429.00
Rs 416.10
Rs 433.85
Rs 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
Fax: +91 22 2490 0833
Email: cfo.mll@mahindra.com
Website: http://www.mahindralogistics.com/

Mahindra Logistics IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: mahindralogistics.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

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Mahindra Logistics IPO Review / Comments

avatar
622. P M  Nov 29, 2017 17:55 I Like It. | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 1000+ Likes)
Again makes new all time high today ------ 461.25
avatar
621. Swastika Investmart  Nov 28, 2017 20:14 I Like It. | Report Abuse
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
avatar
620. Aniketiaf  Nov 27, 2017 19:53 I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 3900+ Likes)
Finally Mahendra logistics became profitable for me. Holding a lot of Ipo allotted Shares.
avatar
619. P M  Nov 27, 2017 17:01 I Like It. | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 1000+ Likes)
Again makes new all time high today ------ 457.00
avatar
618. P M  Nov 24, 2017 22:21 I Like It. | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 1000+ Likes)
Makes new all time high today ------ 452.00
avatar
617. P M  Nov 17, 2017 16:35 I Like It. | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 1000+ Likes)
Again makes new all time low ------------- 405.00
avatar
617.1. Vijendra  Nov 21, 2017 09:54 I Like It. | Report Abuse
on the way for new time high
avatar
617.2. Vijendra  Nov 24, 2017 19:36 I Like It. | Report Abuse
450.30 new time high achieved today
avatar
616. MickeyP  Nov 19, 2017 15:22 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
Seems there is no IPO lined up in the next few days. Finally IPO flood is settling down.
avatar
615. P M  Nov 16, 2017 17:01 I Like It. | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 1000+ Likes)
Today makes new all time low -------- 412.30
avatar
614. Niceone  Nov 13, 2017 12:30 I Like It. 1 | Report Abuse
Something cooking in Mahindra SL 415 tg 470 as
avatar
614.1. Solution of Queries  Nov 15, 2017 14:45 I Like It. | Report Abuse
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......
avatar
614.2. RJ Rocks  Nov 24, 2017 12:00 I Like It. | Report Abuse
Today 449.90
avatar
613. Cool Sunshine  Nov 14, 2017 21:21 I Like It. 1 | Report Abuse
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?
avatar
613.1. Solution of Queries  Nov 15, 2017 14:44 I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 1400+ Likes)
if capacit''s infra can become boring..thn why not it is..ha ha right @ cool.........
avatar
612. MDK  Nov 13, 2017 21:35 I Like It. | Report Abuse
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
avatar
611. sree vas  Nov 10, 2017 20:14 I Like It. 1 | Report Abuse
this is the first time i haven''t sold nor bought on listing day, 1 lot alloted
avatar
611.2. Cool Sunshine  Nov 11, 2017 18:42 I Like It. 1 | Report Abuse
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.
avatar
611.3. sree vas  Nov 13, 2017 17:44 I Like It. | Report Abuse
Thank you cool,

avatar
610. Septa  Nov 10, 2017 10:50 I Like It. 20 | Report Abuse
IPO Guru IPO Guru (3900+ Posts, 4400+ 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.

Thank you,

Septa

Click here to follow my secondary market messages.

avatar
610.13. Septa  Nov 11, 2017 19:58 I Like It. 3 | Report Abuse
IPO Guru IPO Guru (3900+ Posts, 4400+ 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


Thank you,

Septa

Click here to follow my secondary market messages.

avatar
610.14. Surjeet Gureja  Nov 13, 2017 09:35 I Like It. 1 | Report Abuse
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
avatar
609. SME ADVISOR  Nov 12, 2017 00:14 I Like It. 1 | Report Abuse
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

avatar
608. Sultaann  Nov 11, 2017 13:40 I Like It. | Report Abuse
M&M stand-alone net profit jumps 25% in Sep quarter, announces 1:1 bonus issue..


I hope Monday listing would be better.
avatar
607. Neeraj Sharma  Nov 10, 2017 18:57 I Like It. 2 | Report Abuse
Sold 30 in 432/-
Keeping 4 for future hope.
Dum nahi dikha paya ye aaj.
avatar
606. Chem cho  Nov 10, 2017 17:06 I Like It. 3 | Report Abuse
IPO Guru IPO Guru (1700+ Posts, 1500+ 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
avatar
605. harit  Nov 10, 2017 16:12 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 1400+ Likes)
After whole day trading
It never down below issue price with volume
So now all delivery in strong hands
avatar
604. MOHIT JAIN  Nov 10, 2017 16:09 I Like It. 2 | Report Abuse
Aise ipo ko kahte hai naam baade and darshan chote..
avatar
603. Carn Mohan  Nov 10, 2017 16:04 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Aj dhool chat li isnay
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