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.
- 1 Mahindra Logistics IPO
- 2 Mahindra Logistics IPO, Date, Price, Grey Market, GMP, Subscription, Allotment Status, Listing
- 3 Mahindra Logistics Financial Details
Mahindra Logistics IPO
About the company: Mahindra 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:
- Customized and end-to-end logistics solutions and services.
- In-factory logistics.
- 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
Grey Market Price, Rates, GMP Premium
|08 November 2017||Rs. 20 (Seller)||Rs. 150||Rs. 800|
Mahindra Logistics IPO, Date, Price, Grey Market, GMP, Subscription, Allotment Status, Listing
|Name||Mahindra Logistics Limited|
|Open Date||31 October 2017|
|Close Date||02 November 2017|
|Allotment Date||07 November 2017|
|Refund Date||07 November 2017|
|Issue Price||Rs 425 - Rs 429 Per Equity Share|
|Lot Size||34 Shares|
|Minimum Order Quantity||34 Shares|
|Issue Type||Book Built Issue IPO|
|Issue Size||19,332,346 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 Manager||Axis Bank Limited & Kotak Mahindra Capital Company Limited|
|Registrar||Link Intime India Private Ltd|
|Registrar Email||[email protected]|
|Listing at||NSE / BSE|
Mahindra Logistics IPO Daily Subscription Figures
|Category||SHARES OFFERED||31 October 2017||01 November 2017||02 November 2017|
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.
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.
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
|DATE||Total revenue||Total expenses||Profit after tax|
|31 March 2017||Rs. 2,676.3||Rs. 2,608.4||Rs. 46.1|
|31 March 2016||Rs. 2,077.1||Rs. 2,021.2||Rs. 36.0|
|31 March 2015||Rs. 1,939.6||Rs. 1,880.3||Rs. 38.5|
|31 March 2014||Rs. 1,757||Rs. 1,702.7||Rs. 36.6|
|31 March 2013||Rs. 1,535.5||Rs. 1,499.4||Rs. 24.4|
|**(All Figures in Rs. Crores)|
- 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
Kotak Mahindra Capital Company and Axis Capital are managing the this IPO.
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.
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 Price||Rs. 800||Rs. 800|
|Open||Rs. 750||Rs. 748.90|
|High||Rs. 750||Rs. 749|
|Low||Rs. 717.40||Rs. 717.75|
|Close||Rs. 727.10||Rs. 725.05|
|Difference||Down Rs. 72.90 (-9.11%)||Down Rs. 74.95 (-9.37%)|