The initial public offer of Mahindra Logistics Limited will get listed soon on both of the stock exchange i.e. NSE & BSE. The IPO is scheduled for October 31, 2017 with a price band of Rs. 425 – Rs. 429 & lot size is for 34 shares. 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.
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.
How to check Mahindra Logistics Limited IPO Allotment Status
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:-
- Click on the given link See Allotment Status here
- Go to Application Status
- Select IPO as Mahindra Logistics Limited
- 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.
To Download Application Form click here