The Mahindra Logistics IPO date has been confirmed to have started on October 31, 2017 and ended on November 2, 2017. Read the post to learn about Mahindra Logistics Limited IPO GMP.
Using an IPO, Mahindra Logistics is seeking to raise Rs829.36 crores. Its price band is set at ₹ 425 to ₹ 429 per share. The minimal lot size for an operation is 34 Shares. The minimal quantum of investment needed by retail investors is ₹ 14,586.
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Key Details Of Mahindra Logistics Limited IPO:
Bidding Dates
October 31-Nov 2
Price Range
₹425 to ₹429 per share
Face Value
₹10 per share
GMP
₹377.45
Mahindra Logistics IPO GMP
The Mahindra Logistics Limited IPO GMP Today is ₹377.45.
Mahindra Logistics IPO Overview
The Mahindra Logistics IPO is a book- erected immolation worth Rs829.36 crores. The immolation consists completely of1.93 crore shares for trade. The IPO transaction for Mahindra Logistics began on October 31, 2017 and closed on November 2, 2017. On Wednesday, November 8, 2017, the allotment for the Mahindra Logistics IPO was completed. On November 10, 2017, the shares were listed on the BSE and NSE. The pricing range for Mahindra Logistics IPO is$ 425 to$ 429 per share. The Mahindra Logistics Limited IPO GMP Today is ₹377.45. An operation requires a minimal lot size of 34 Shares. Retail investors must make a minimal investment of$ 14,586.
2X2 Logistics, the company’s attachment, provides logistics and transportation services to OEMs in order to transfer finished motors from manufacturing locales to feedlots or directly to distributors via specifically constructed exchanges. Lords, the company’s other attachment, provides transnational freight forwarding services for exports and significances, as well as customs brokerage conditioning, design weight services and exemptions.
Mahindra Logistics IPO Details
| IPO Date | October 31, 2017 to November 2, 2017 |
| Listing Date | November 10, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹425 to ₹429 per share |
| Lot Size | 34 Shares |
| Total Issue Size | 19,332,346 shares (aggregating up to ₹829.36 Cr) |
| Offer for Sale | 19,332,346 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Mahindra Logistics Company Financials
| Particulars | For the year/period ended (in Rs. million) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | ||||
| Total Assets | 8,167.17 | 5,914.67 | 5,188.47 | |||
| Total Revenue | 26,762.52 | 20,771.25 | 19,395.55 | |||
| Profit After Tax | 460.69 | 359.68 | 385.24 | |||
Mahindra Logistics IPO Timeline
| IPO Open Date | Tuesday, October 31, 2017 |
| IPO Close Date | Thursday, November 2, 2017 |
| Basis of Allotment | Wednesday, November 8, 2017 |
| Initiation of Refunds | Thursday, November 9, 2017 |
| Credit of Shares to Demat | Thursday, November 9, 2017 |
| Listing Date | Friday, November 10, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 2, 2017 |
Company Profile
Mahindra Logistics Limited, innovated in 2008, provides end- to- end logistics results and services. Mahindra Logistics is a attachment of the Mahindra Group( M&M), one of India’s biggest transnational empires with operations in a variety of diligence and nations. Prior to 2008, M&M’s logistics operation was managed as a part of M&M, handling M&M’s transportation and distribution, warehousing, and in- plant logistics needs. The company’s logistics result encompasses transportation and distribution, warehousing, in- plant logistics, and value-
added services for its guests. In addition, the company provides people transportation results and services in 12 metropolises to over 100 domestic and transnational enterprises operating in the IT, ITeS, business process outsourcing, fiscal services, consulting, and manufacturing diligence.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Mahindra Logistics Limited |
| Phone number | +91 22 2490 1441 |
| Email ID | [email protected] |
| Website | mahindralogistics.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Mahindra Logistics IPO FAQs
When Mahindra Logistics IPO will open?
The Mahindra Logistics IPO opens on October 31, 2017 and closes on November 2, 2017.
What is the lot size of Mahindra Logistics IPO?
Mahindra Logistics IPO lot size is 34 Shares, and the minimum amount required is ₹14,586.
When is Mahindra Logistics IPO listing date?
The Mahindra Logistics IPO listing date is on November 10, 2017.
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