Mahindra Logistics IPO
Mahindra Logistics IPO — date, price band, lot size & details 2017
Mahindra Logistics listed on 10 Nov 2017 at ₹429, flat to the ₹429 issue price.
Mahindra Logistics is an end to end logistics provider and part of the Mahindra Group, offering transport, distribution, warehousing and in factory logistics. Its total income was Rs 2,597.65 crore in FY2017.
Stock price
Mahindra Logistics is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 31 Oct 2017
- Close 02 Nov 2017
- Allotment 08 Nov 2017
- Refund/credit 09 Nov 2017
- Listing 10 Nov 2017
Issue summary
The terms of the offer, as filed.
| IPO Dates | 31 Oct to 2 Nov, 2017 |
|---|---|
| Price Band | ₹425 – ₹429 |
| Face Value | ₹10 |
| Lot Size | 34 Shares |
| Issue Size | ₹828.88 Cr |
| Sale Type | OFS only |
| Listing On | BSE, NSE |
| Employee Discount | Rs 42.00 per share |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,586 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 34 shares at the ₹429 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 34 | ₹14,586 |
| Retail (max) | 13 | 442 | ₹1,89,618 |
| S-HNI (min) | 14 | 476 | ₹2,04,204 |
| S-HNI (max) | 68 | 2,312 | ₹9,91,848 |
| B-HNI (min) | 69 | 2,346 | ₹10,06,434 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 1,891.17 crore in FY2015 to Rs 2,597.65 crore in FY2017.
- 02Profit after tax rose from Rs 37.40 crore in FY2016 to Rs 44.78 crore in FY2017.
- 03Net worth rose from Rs 265.76 crore in FY2015 to Rs 363.46 crore on 30 June 2017.
- 04It is backed by the Mahindra Group, which held 61.05% after the issue.
Risks · 5
- 01Profit after tax was only Rs 44.78 crore on income of Rs 2,597.65 crore in FY2017.
- 02It began as a division of Mahindra & Mahindra and still serves the group, so group volumes matter; total assets were Rs 833.37 crore.
- 03Logistics is a competitive, low margin business; profit dipped from Rs 40.38 crore in FY2015 to Rs 37.40 crore in FY2016.
- 04The whole Rs 828.88 crore issue was an offer for sale, so none of it went to the company.
- 05Mahindra & Mahindra held 74.64% before the issue and 61.05% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Mahindra Logistics offer document.
| Metric | 30 Jun 2017 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 833.37 | 768.99 | 553.32 | 502.45 |
| Total Income | 812.63 | 2,597.65 | 2,007.81 | 1,891.17 |
| Profit After Tax | 14.39 | 44.78 | 37.40 | 40.38 |
| NET Worth | 363.46 | 348.79 | 303.77 | 265.76 |
| Reserves and Surplus | 295.46 | 280.79 | 243.95 | 205.94 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the Mahindra Logistics IPO will be updated shortly.
Mahindra Logistics IPO Anchor Investors
19 anchor investors across 11 fund houses committed ₹247.21 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
Before 2008, the logistics business was run as a division of Mahindra & Mahindra.
Its services include transportation and distribution, warehousing and in factory logistics for many industries.
The IPO was Rs 828.88 crore and was entirely an offer for sale at Rs 429, the top of the Rs 425 to Rs 429 band, so the company received no money.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Mahindra Logistics IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Axis Capital
255 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Kotak Mahindra Capital Company Limited
204 issues handledBest listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Mahindra Logistics?
The current Grey Market Premium is ₹32.5, or 8% over the issue price.
What is the Mahindra Logistics IPO price band?
₹425 to ₹429, on a face value of ₹10.
When is the allotment?
The basis of allotment is 8 November 2017, with listing on 10 November 2017.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
