Mahindra Logistics Ltd IPO Details – Date, Company Profile, Allotment, Listing

Mahindra Logistics Ltd IPO Details – Date, Company Profile, Allotment, Listing

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Issue Period – 31 OCT – 02 NOV, 2017              Issue Size – 19,332,346 Eq Shares (Rs. 829.36 Cr)

Issue Price – Rs.425 – Rs.429 per Eq Share      Market Lot – 34 Equity Shares

Face Value – Rs 10 per Eq Share                         Listing at – BSE, NSE

COMPANY PROFILE

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 other subsidiary, Lords, provides international freight forwarding services for exports and imports, customs brokerage operations, project cargo services and charters.

THE OBJECT OF THE ISSUE

1. To achieve the benefits of listing the Equity Shares on the Stock Exchanges and

2. For the Offer for Sale.

OUR RECOMMENDATION

QIB (more than Rs/- 200,000/-)                           50% of Net Issue size

Non-Institutional (more than Rs/-200,000/-)    15% of Net Issue size

Retail (up to Rs/-200,000/-)                                   35% of Net Issue size

COMMENTS

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