The Mahindra Logistics IPO date has been confirmed to have started on October 31, 2017 and ended on November 2, 2017.
Using an IPO, Mahindra Logistics is seeking to raise Rs 829.36 crores. Its price band is set at ₹425 to ₹429 per share. The minimum lot size for an application is 34 Shares. The minimum amount of investment required by retail investors is ₹14,586.
Start your investing journey today. How do you open your own demat account for free?
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 is ₹377.45.
IPO Overview
The Mahindra Logistics IPO is a book-built offering worth Rs 829.36 crores. The offering consists fully of 1.93 crore shares for sale. The IPO auction 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. An application requires a minimum lot size of 34 Shares. Retail investors must make a minimum investment of $14,586.
2X2 Logistics, the company’s subsidiary, provides logistics and transportation services to OEMs in order to transfer finished autos from manufacturing locations to stockyards or directly to distributors via specifically constructed trucks. Lords, the company’s other subsidiary, provides international freight forwarding services for exports and imports, as well as customs brokerage activities, project cargo services and charters.
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, founded in 2008, provides end-to-end logistics solutions and services. Mahindra Logistics is a subsidiary of the Mahindra Group (M&M), one of India’s biggest multinational conglomerates with operations in a variety of industries 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-factory logistics needs. The company’s logistics solution encompasses transportation and distribution, warehousing, in-factory logistics, and value-
added services for its customers. In addition, the company provides people transportation solutions and services in 12 cities to over 100 domestic and multinational enterprises operating in the IT, ITeS, business process outsourcing, financial services, consulting, and manufacturing industries.
Registrar Info
Name | Link Intime India Private Ltd |
Phone number | +91-22-4918 6270 |
Email ID | mahindralogistics.ipo@linkintime.co.in |
Website | linkintime.co.in |
Contact Details
Name | Mahindra Logistics Limited |
Phone number | +91 22 2490 1441 |
Email ID | cfo.mll@mahindra.com |
Website | mahindralogistics.com |
IPO Strenghts
- 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.