Mahindra Logistics Limited IPO, Mahindra Logistics IPO Detail

By | November 13, 2017
Mahindra Logistics Limited IPO, MLL IPO, Mahindra Logistics IPO, Mahindra Logistics IPO Allotment Status, Mahindra Logistics GMP, Grey Market Price of Mahindra Logistics, Subscription Details, Rating, Mahindra IPO Review, Listing Date, IPO Poll and other details.

Mahindra Logistics IPO

Mahindra Logistics Limited is all set to open its IPO from 31st November 2017. The IPO will be closing on 02nd November 2017. The company is the subsidiary of Mahindra & Mahindra. The October and November 2017 is fully packed with the IPOs and investors are confused now that in which IPO they should invest. The New India Assurance Company Limited, Khadim India Limited, and HDFC Standard Life Insurance Company Ltd have already announced the IPO in October and November. The primary markets are doing very good at the moment and all these companies want to cash the opportunity.

Mahindra Logistics has also set its IPO price band. The company wants to raise Rs. 829.36 crore from the market and the price band of the IPO is Rs. 425- Rs. 429 per share. The company is planning to sell 1,93,32,346 equity shares in an offer for sale (OFS) by parent firm Mahindra and Mahindra (96,66,173 shares – 13.7% stake), and investors Kedaara Capital (3,94,993 shares) and its 100% subsidiary Normandy Holdings (92,71,180 shares).

Investors who want to apply for this IPO must read all the details at the given section. The below-given section of our website will furnish details like Mahindra Logistics Allotment Status, Financials, Mahindra Logistics Grey Market, GMP, Subscription Details, Mahindra Logistics IPO Listing Date, Listing Price, registrar and more. Investors must read these details.

Mahindra Logistics IPO

About the companyMahindra Logistics is the logistics arm of the Indian automobile maker Mahindra and Mahindra Ltd (M&M). The company was established in 2008 and it is based in Mumbai. The company operates in two business segments, Supply Chain Management (SCM) and Corporate People Transport Solutions (PTS).

The Supply Chain Management (SCM) segment of the company provides following services to the clients:

  1. Customized and end-to-end logistics solutions and services.
  2. Transportation.
  3. Distribution.
  4. Warehousing.
  5. In-factory logistics.
  6. Value-added services.

The company offers technology enabled people transportation solutions and services across India to its clients in the Corporate People Transport Solutions (PTS). It has clients in over 100 domestic and multinational companies including  IT, BPOs, KPOs, financial services, consulting and manufacturing industries.

For more information please check the company website at http://www.mahindralogistics.com.

Company Promotors: Mahindra and Mahindra Ltd (M&M)

Objects of the Issue

  1. To achieve the benefits of listing the Equity Shares on the Stock Exchanges.
  2. Offer for sale.

Grey Market Price, Rates, GMP Premium

DateGMPKostak RateSauda
08 November 2017Rs. 20 (Seller)Rs. 150Rs. 800

Mahindra Logistics IPO, Date, Price, Grey Market, GMP, Subscription, Allotment Status, Listing

NameMahindra Logistics Limited
Open Date31 October 2017
Close Date02 November 2017
Allotment Date07 November 2017
Refund Date07 November 2017
Listing Date----
Issue PriceRs 425 - Rs 429 Per Equity Share
Lot Size34 Shares
Minimum Order Quantity34 Shares
Issue TypeBook Built Issue IPO
Issue Size19,332,346 Equity Shares of Rs 10 aggregating up to Rs. 829.36 Crore
››› Offer for Sale of 19,332,346 Equity Shares of Rs 10 aggregating up to Rs ---- Crore
Lead ManagerAxis Bank Limited & Kotak Mahindra Capital Company Limited
RegistrarLink Intime India Private Ltd
Registrar Email[email protected]
Registrar Websitehttp://www.linkintime.co.in
Registrar Phone+91-22-25963838
Listing atNSE / BSE

Mahindra Logistics IPO Daily Subscription Figures

CategorySHARES OFFERED31 October 201701 November 201702 November 2017
RII67225720.762.175.63
NII28811020.030.102.07
QIB38414690.350.7615.6
Employees1250000.290.921.60
Total135701430.481.327.66

IPO Poll

Listing price of Mahindra Logistics IPO will be?

  • Rs. 490 or above (56%, 181 Votes)
  • Rs. 470 (20%, 66 Votes)
  • Rs. 450 (17%, 56 Votes)
  • Rs. 429 or below (7%, 22 Votes)

Total Voters: 325

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Mahindra Logistics IPO Price Band

The company has fixed a price band of Rs. 425- Rs. 429 per share. At the upper end of the price band, the Mahindra Logistics IPO is expected to fetch Rs. 829.35 crore.

Anchor Investors
The company had raised a little over Rs 247 crore from anchor investors. Mahindra Logistics sold shares to 15 institutional investors. The share sale was a part of its anchor book allocation. The Institutional investors have bought the shares. Anchor book allocation was sold to Goldman Sachs India Ltd, HDFC Trustee Co. Ltd, Reliance Capital Trustee Co. Ltd, Aditya Birla Sun Life Trustee Pvt. Ltd and DSP Blackrock among others.

Mahindra Logistics IPO Date

The IPO of Mahindra Logistics would be open between 31st October 2017 to 02nd November 2017. The shares of Mahindra Logistics Limited will be listed on NSE and BSE.

Financial

The company has reported Rs. 60 crore profit after tax (PAT) for FY17. The profit after tax (PAT) was Rs. 38.5 crore for FY15. The company is growing at a compounded annual growth rate of 22.3%.

The company has reported Rs 2,600 crore revenue for FY17, up 15% annually.

Mahindra Logistics Financial Details

DATETotal revenueTotal expensesProfit after tax
31 March 2017Rs. 2,676.3Rs. 2,608.4Rs. 46.1
31 March 2016Rs. 2,077.1Rs. 2,021.2Rs. 36.0
31 March 2015Rs. 1,939.6Rs. 1,880.3Rs. 38.5
31 March 2014Rs. 1,757Rs. 1,702.7Rs. 36.6
31 March 2013Rs. 1,535.5Rs. 1,499.4Rs. 24.4
**(All Figures in Rs. Crores)
FY13, FY14 figures based on Indian GAAP, subsequent years based on Ind AS.

Valuations

  • Earnings Per Share (EPS): Rs. 6.62
  • Price/Earnings (P/E) ratio: 64.20 – 64.80
  • Return on Net Worth (RONW): 13.11%
  • Net Asset Value (NAV): Rs. 51.13 per share

Lead Managers

Kotak Mahindra Capital Company and Axis Capital are managing the this IPO.

Registrar

Link Intime India Private Ltd is the registrar to the Mahindra Logistics IPO.

Mahindra Logistics (MLL) IPO Allotment Status

It is expected that the IPO allotment status of Mahindra Logistics (MLL) would be done around 07 November 2017. The allotment link will be provided here and investors need to check this website on or around expected allotment date.

MLL IPO Allotment Status

Mahindra Logistics Listing Date

The listing of the shares of the Mahindra Logistics is expected around 10th November 2017. The investors would be notified about the listing date in due course.

Listing Day Figures (10th November 2017)

 NSE (NIACL)BSE (540769)
IPO PriceRs. 800Rs. 800
OpenRs. 750Rs. 748.90
HighRs. 750Rs. 749
LowRs. 717.40Rs. 717.75
CloseRs. 727.10Rs. 725.05
DifferenceDown Rs. 72.90 (-9.11%)Down Rs. 74.95 (-9.37%)

Mahindra Logistics Limited Address

Adress
Registered Office: Mahindra Towers, P. K. Kurne Chowk, Worli, Mumbai – 400018

Telephone: +91 22 2490 1441
Fax: +91 22 2490 0833
E-mail: [email protected]
Website: www.mahindralogistics.com

IPO Prospectus

Download DRHP with SEBI.

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