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Mahindra Holidays and Resorts India Ltd IPO (Mahindra Holidays IPO) Detail

June 23, 2009 - June 26, 2009

Mahindra Holidays IPO is a book built issue of Rs 277.96 crores.

Mahindra Holidays IPO bidding started from June 23, 2009 and ended on June 26, 2009. The shares got listed on BSE, NSE on July 16, 2009.

Mahindra Holidays IPO price band is set at ₹275 to ₹325 per share. The minimum lot size for an application is 20 Shares. The minimum amount of investment required by retail investors is ₹6,500.

Hsbc Securities & Capital Markets Pvt Ltd and Kotak Mahindra Capital Company Limited are the book running lead managers of the Mahindra Holidays IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Mahindra Holidays IPO RHP for detailed information.

Mahindra Holidays IPO Details

IPO Date June 23, 2009 to June 26, 2009
Listing Date July 16, 2009
Face Value ₹10 per share
Price Band ₹275 to ₹325 per share
Lot Size 20 Shares
Total Issue Size9,265,275 shares
(aggregating up to ₹277.96 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Mahindra Holidays IPO Reservation

Mahindra Holidays IPO offers 9,265,274 shares. 5,559,165 (60.00%) to QIB, 926,527 (10.00%) to NII, 2,779,582 (30.00%) to RII. 138,979 RIIs will receive minimum 20 shares and (sNII) and (bNII) will receive minimum 620 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered5,559,165 (60.00%)NA
NII (HNI) Shares Offered926,527 (10.00%)
Retail Shares Offered2,779,582 (30.00%)138,979
Total Shares Offered9,265,274 (100%)

Mahindra Holidays IPO Lot Size

Investors can bid for a minimum of 20 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 20 ₹6,500
Retail (Max) 30 600 ₹195,000
Lot Size Calculator

About Mahindra Holidays and Resorts India Ltd

Incorporated in 1996, Mahindra Holidays and Resorts India Limited (MHRIL) is a part of the US$ 6.7 billion Mahindra group. MHRIL is India�s number one holiday brand offering quality family holidays with a range of services.

The company�s flagship brand �Club Mahindra Holidays�, has a fast growing customer base of over 79,000 members and 23 beautiful Resorts at some of the most exotic spots in India and abroad. Mahindra's resorts at Goa, Coorg, Munnar, Manali, Binsar Kumbhalgarh and Dharamshala are recipients of the RCI Gold Crown Award for the year 2008-2009.

Objects of the Issue (Mahindra Holidays IPO Objectives)

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
1. Expansion of existing resorts & setting up new projects;
2. General Corporate purposes.


Mahindra Holidays IPO Subscription Status (Bidding Detail)

The Mahindra Holidays IPO is subscribed 9.80 times on June 26, 2009 5:00:00 PM. The public issue subscribed 3.36 times in the retail category, 12.83 times in the QIB category, and 11.01 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB12.83
NII11.01
Retail3.36
Total9.80
Mahindra Holidays and Resorts India Ltd IPO Grading / Rating

FITCH has assigned an IPO Grade 4 to Mahindra Holidays and Resorts IPO. This means as per FITCH, company has Above average fundamentals . FITCH assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Link to download Fitch rating document.

Mahindra Holidays IPO Prospectus

Mahindra Holidays IPO Rating

235
3.8
Rating:Rated 3.8 stars
Vote Here ...

Mahindra Holidays IPO Listing Details

Listing Date July 16, 2009
BSE Script Code 533088
NSE Symbol MHRIL
ISIN INE998I01010
Final Issue Price ₹300 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹300.00
₹315.00
₹311.10
₹339.70
₹317.10
NSE
₹300.00
₹370.00
₹311.35
₹374.50
₹317.45

Check IPO Performance…

Mahindra Holidays and Resorts India Ltd Contact Details

Mahindra Holidays and Resorts India Ltd
Mahindra Towers 2nd Floor,
No 17/18 Patullos Road,
Chennai - 600002, Tamil Nadu.
Phone: +91-44-39881000
Email: investors@clubmahindra.com
Website: http://www.clubmahindra.com

Mahindra Holidays IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/

Mahindra Holidays IPO - Buy or Not

Mahindra Holidays IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 5 0 3
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

Mahindra Holidays IPO FAQs

Mahindra Holidays IPO is a main-board IPO of 9,265,275 equity shares of the face value of ₹10 aggregating up to ₹277.96 Crores. The issue is priced at ₹275 to ₹325 per share. The minimum order quantity is 20 Shares.

The IPO opens on June 23, 2009, and closes on June 26, 2009.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Mahindra Holidays IPO opens on June 23, 2009 and closes on June 26, 2009.

Mahindra Holidays IPO lot size is 20 Shares, and the minimum amount required is ₹6,500.

You can apply in Mahindra Holidays 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 Holidays IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Mahindra Holidays IPO allotment status.

The Mahindra Holidays IPO listing date is on July 16, 2009.
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Mahindra Holidays IPO Message Board

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364 Comments

364. rajkumar |   Link |  Bookmark |September 11, 2009 7:04:06 PM
received nhpc refund today
363. versch |   Link |  Bookmark |August 12, 2009 2:55:08 PM
Hi,

I am a new bee for share market. After diligent market watch, getting counseled from friends and reading in news papers , i
have subscribed to NHPC's IPO. :)
I am looking forward to understand how the share's price is
determined first time when the stock is listed initially.
How is it based on the amount/number of subscription happened
on IPO? How are the allotments are determined. If someone can just explain her in layman's language, i would appreciate that.
362. Latesh |   Link |  Bookmark |July 29, 2009 10:36:32 AM
For speedy and error-free refund from any IPO or getting dividends of shares, one should always provide the account of banks that have RTGS facility. Almost all the private banks offer this facility. One should link his/her trading and demat account with the same.

In this system, the dividend or refunds is directly credited into your bank account, no physical cheques/DDs are not sent to the investor.

Toll free number of Karvy is 1800 345 4001. Contact them ASAP
361. Investor |   Link |  Bookmark |July 21, 2009 7:31:08 PM
Thanks. I also got refund today. Must be courier delay.
360. SEBI |   Link |  Bookmark |July 21, 2009 5:55:50 PM
Dear Investor

What you are doing till now...??? I think everyone must got the refund...Call/Mail Karvy with Apllication number of IPO...They will give you information within a day or two...

There may be delay in postal delivery...
Finaly do complain to NSE & SEBI...
359. Investor |   Link |  Bookmark |July 20, 2009 11:33:57 PM
Did everyone got refund for this IPO? I have invested for Rs 97500 in this IPO but not got the refund amount of Rs 69000.

Did anyone having similar case?
358. pramod harlalka |   Link |  Bookmark |July 17, 2009 9:27:06 PM
MAHENDRA HOLY DAY SHARE BUY AT EVERY DOWN IT TUCH RS400 IN NEXT WEEK
357. Tees Mar Khan |   Link |  Bookmark |July 17, 2009 3:08:23 PM
MAHINDRA HOLIDAYS CHAL GAYO BHAYA !!! PRESENTLY AT 351
356. R RAVI |   Link |  Bookmark |July 16, 2009 8:00:36 PM
People who believe in the MAH HOLIDAY share and keep in their Demat Accounts are going to lose their shirts. It is going to be well below the issue price, seeing the trend on first day as most of the HNIs are yet to liquidated their holdings in the stock which they would do in the coming days. Please try to get out of the stock or if you want keep 10 shares in your portfolio.
355. IPO KING |   Link |  Bookmark |July 16, 2009 5:36:35 PM
DOSTO,YE IPO PICHLE IPO SE TO BETTER HAI,AT LIST 1st DAY
PREMIUM PE TO BANDH HUWA,AUR MUJE LAGTA HAI KI AGLE THODE DINO
ME ACCHHA PERFORM KAREGA,,,
SO FRIENDS YOU DON'T WORRY,JISNE 1stDAY SELL NAHI KIYA USKO BHI KUCH TO MONEY MILEGA.....SHAYAD 1st DAY SE JYADA BHI MILEGA.
354. Wise Suggestion |   Link |  Bookmark |July 16, 2009 3:57:13 PM
Dear frnds

Try to be out from this IPO
As the listing price is not to the expectation
The price may come down (if the market comes own)

Conclusion:
This scrip is very volatile now......
chances of price increase is low....
so better book profit at the current level & out from this scrip

Adani is good for the IPO
353. kunik |   Link |  Bookmark |July 16, 2009 3:35:15 PM
Doston Yeh IPO mutual fund and shares ka chakkar chodo.
Start commodity trading, still you dont loose much and gain lot.
352. PINKI |   Link |  Bookmark |July 16, 2009 3:06:33 PM
YAROO
KOI BAAT NAHI AGEY ADANI POWER MAIN LUCK TRY KAROO. AUR MAKE GOOD PROFITS.
351. rama |   Link |  Bookmark |July 16, 2009 2:51:10 PM
YOU WILL LOOSE EVERYTHING YOU MADE IN ONE OR OTHER CASE IF YOU START SPECULATING. DONT DREAM THAT YOU CAN ALWAYS MAKE MONEY BY SUCH TACTICS.
WISH YOU GOOD GAIN IN YOUR INVESTMENTS.
RAMA
350. mahesh |   Link |  Bookmark |July 16, 2009 1:53:14 PM
sell sell sell and get whatever is possible.
349. Maulik |   Link |  Bookmark |July 16, 2009 1:38:07 PM
O KOI BATAO KYA KARE ISKA..PRESENTLY AT 323
348. mahesh |   Link |  Bookmark |July 16, 2009 1:16:33 PM
IN message 347 sorry for the mistake. I mean to say issue price rather than listing price.
347. Mahesh |   Link |  Bookmark |July 16, 2009 1:04:43 PM
I have not applied for this IPO. But on listing today i bought 500 shares @ 320.45 and sold all the shares @ 331.25. By seeing the trend i think may be after 2 pm this is going to come down below the listing price. Tomorrow also the market will be in red may be around 200 to 300 points down.
346. ANSHUMAN |   Link |  Bookmark |July 16, 2009 1:02:35 PM
YEH BHI BAKWAAS COMPANY NIKLI. KOI FAYDA NAHIN DIYA.
DEFINITELY IT WILL COME DOWN BELOW 300
345. ashish |   Link |  Bookmark |July 16, 2009 12:47:47 PM
Though i have not applied for MHRIL,
But still i thought that due to heavy QIB subscription and good conditions of market today, it should open ar 400-450. Ye sub kya ho raha hein,dono IPO aaye, dono ekdum bakwass.seems sub log profit booking ke hi chakaar mein hein, no1 believe n invest in the company,best is to sell ipo shares at 9.56am on the day of its listing and book profits.