Mahindra Logistics Ltd IPO to open on 31 October and closes on 2 November, Mahindra Logistics has fixed the price band at Rs 425-Rs 429 per equity share for its IPO. Mahindra Logistics is expected to raise Rs 829.36 crore at upper end of the price band.

Mahindra Logistics Ltd (MLL), part of diversified Mahindra Group, has fixed a price band of Rs. 425-Rs 429 per share for its initial public offer, to raise Rs 829 cr. Mahindra Logistics IPO issue open on October 31 and close for subscription on November 2. The minimum bid lot for the offer is fixed at 34 equity shares and in multiples of 34 shares thereafter, it added.

“The price band for the offer has been fixed at Rs. 425 to Rs. 429 per share of Rs. 10 each of MLL with an employee discount of Rs. 42 that will be offered to eligible employees,” Mahindra & Mahindra said in a regulatory filing.

The public issue comprises offer for sale of 1,93,32,346 equity shares by parent firm Mahindra and Mahindra (that will offload of 96,66,173 shares – 13.74 percent stake); Normandy Holdings (92,71,180 shares) and Kedaara Capital (3,94,993 shares).

ABOUT Mahindra Logistics Ltd.
Mahindra Logistics Limited provide customized integrated third party supply chain and people transport solutions to companies across multiple industries. MLL specialize in providing solutions to organisations by integrating the right technology.

“We are an asset-light company and our technology-enabled business model allows for scalability of services as well as the flexibility to develop and offer customised logistics solutions across a diverse set of industries,” said Pirojshaw Sarkari, CEO, Mahindra Logistics. For FY17, the company had reported a turnover of ₹2,600 crore and an adjusted net profit of ₹60 crore.

Promoters of Mahindra Logistics Ltd. : The Promoter of the Company is Mahindra & Mahindra Limited.

Lead Managers to the Mahindra Logistics IPO Issue: Kotak Mahindra Bank and Axis Capital are book running lead managers for the IPO.

Registrar to the Mahindra Logistics IPO Issue: Link Intime India Private Limited

Mahindra Logistics IPO Listing At: Equity shares are proposed to be listed on the National Stock Exchange and BSE.

Mahindra Logistics Limited IPO details
IPO Opens on: 31-10-2017
IPO Closes on: 02-11-2017
Price Band: Rs 425.00-429.00 Per Equity Share
Face Value: Rs 10 Per Equity Shares
Issue Size: 6722571.00 Shares@429.00/share
Bid Lot: 34 Equity Shares and in multiples thereof
Minimum Order Quantity: 34 Shares
Maximum Subscription Amount for Retail Investor: Rs. 2,00,000
Listing On: BSE, NSE

Mahindra Logistics Ltd IPO Tentative
Finalisation of Basis of Allotment: 08-Nov-2017
Initiation of refunds: 09-Nov-2017
Transfer of shares to demat account: 09-Nov-2017
Listing Date: 10-Nov-2017

Registered Office of Mahindra Logistics Ltd
Mahindra Logistics Limited
Mahindra Tower, P.K. Kurne chowk, Worli Mumbai – 400018

Phone: +91 22 2490 1441
Fax: +91 22 2490 0833

Registrar of Mahindra Logistics IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083

Phone: +91 22 4918 6200
Fax: +91 22 4918 6195

Get all information of Upcoming Mahindra Logistics Ltd IPO Details, Issue Open Date, Issue Close Date, Listing Date, Face Value, Price band, Issue Size, Issue Type, and Listing Date’s.