The initial public offer of Mahindra Logistics Limited will get listed soon on both of the stock exchange i.e. the National Stock Exchange and Bombay Stock Exchange. Investor can avail all related information like Price Band and Dates of the IPO, Company Profile, Allotment Status, Listing Dates etc. The firm has drafted a Red Herring Prospectus and got approval for the same from the Regulatory firm Securities Board of India. The IPO is scheduled for October 31, 2017 with a price band of Rs.425-429. The lot size of applying the IPO is for 34 shares. One can apply via ASBA to avail the benefit of listing this IPO. The maximum application of amount for retail investor stood at Rs. 2 lacs.
Public issue of the firm stood at 19,332,346 equity shares by the bank. The company plans to raise Rs. 829.36 crore through its IPO.
Company Profile:- The company was incorporated on August 24, 2007 in Mumbai, India. It is the subsidiary of Mahindra and Mahindra company. It belongs to Indian logistics industry offering 3PL solutions. The Mahindra Group is strong enough in the field of utility vehicles, farm equipment, information technology, financial services, aerospace, real estate, hospitality and logistics sectors. Mahindra logistics operates with two distinct business segments like SCM and Corporate PTS.
A) SCM Business:- The firm provides customized and end-to-end logistics solutions and services including transportation and distribution, warehousing, in-factory logistics and value added services to its clients. The network of the its SCM business is spread in pan-India which includes 24 city offices and over 350 client and operating locations.
B) PTS Business:- It facilitates technology-enabled 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. Tech Mahindra Limited, AXISCADES Engineering Technologies Limited and ANZ Support Services India Private Limited are the major clients for its PTS business.
Positive outlook of the Firm:
1. Adopted “asset-light” business model which allows flexibility and scalability in operations and high capital efficiency,
2. Strong support by well known brand ‘Mahindra group’,
3. Qualified and experienced Management Team.
Objects Of The Issue:-
1. For 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.
Summary Of Issue:
|Issue Open:-||Oct 31,2017, Nov 02,2017|
|Issue Type||100% Book Built Issue IPO|
|Issue Size (Shares)||Offer for Sale of 19,332,346 Equity Shares|
|Issue Size in (Value)||Rs. 829.36 Crore|
|Face Value||Rs. 10 Per Equity Share|
|Issue Price||Rs. [425 – 429] Per Equity Share|
|Market lots||34 Shares|
|Minimum Order Quantity||34 Shares|
|Listing At||BSE, NSE|
Important dates for Mahindra Logistics Limited IPO Allotment Status
• The Allotment date for Mahindra Logistics Limited IPO issue is expected to be on November 8,2017.
• The amount will get unblocked on November 9, 2017
• The Shares are expected to credited in DP accounts on November 9, 2017
• The Shares of Mahindra Logistics is likely to be listed on November 10, 2017 on both BSE and NSE.
One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-
1. Click on the given link See Allotment Status here
2. Go to Application Status
3. Select IPO as Mahindra Logistics Limited
4. Enter your PAN Number or Application Id or DP Client Id.
It takes little time to fetch information so you need to be little patient.
Promoters Of the Company:-
Mahindra & Mahindra Limited is the promoter of the company.
|Particulars||For the year/Period ended (Rs. in Million)|
|Total Equity & Liabilities||8167.17||5914.67||5188.47|
|Profit After Tax (PAT)||460.69||359.68||385.24|
Lead Manager Details:-
1) Kotak Mahindra Capital Company Limited
1st Floor, 27 BKC, Plot No. 27, G Block, Bandra Kurla Complex,
Bandra (East), Mumbai 400 051
Tel: +91 22 4336 0000
Fax: +91 22 6713 2447
Investor grievance e-mail: firstname.lastname@example.org
Contact Person: Ganesh Rane SEBI Registration No.: INM000008704
2) Axis Capital Limited
1 st Floor, Axis House, C-2, Wadia International Centre,
P.B. Marg, Worli,
Mumbai 400 025
Tel: + 91 22 4325 2183
Fax: +91 22 4325 3000
Investor grievance e-mail: email@example.com
Contact person: Simran Gadh
SEBI Registration No.: INM000012029
Registrar To The Issue:-
Link Intime India Private Limited
C-101, 1 st floor, 247 Park
L B S Marg Vikhroli
West Mumbai 400 083
Tel: +91 22 4918 6200
Fax: +91 22 4918 6195
Investor grievance e-mail: firstname.lastname@example.org
Contact Person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
Registered Office Details:-
Mahindra Towers, P. K. Kurne Chowk, Worli,
Mumbai – 400018
Tel: +91 22 2490 1441,
Fax: +91 22 2490 0833
Corporate Office: 1A & 1B, 4th Floor,
Techniplex 1, Techniplex Complex,
Veer Savarkar Flyover, Goregaon West,
Mumbai – 400062,
Tel: +91 22 2871 6800
Contact Person: Nikhil Nayak,
Chief Financial Officer and Compliance Officer Tel: +91 22 2871 5500
To Invest in IPO, Submit Your Details Below:
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To Download “Mahindra Logistics Limited” IPO Application Form click here