Mahindra Logistics Limited IPO
Mahindra Logistics Limited was a mainboard IPO in the Logistics Solution Provider sector, offered at ₹425–₹429 per share to raise ₹829 crore. The issue was subscribed 7.9× overall (QIBs 15.6×, NIIs 2.07×, retail 6.1×). It listed on 10 Nov 2017 at ₹429 and closed its first day at ₹430, a listing gain of +0.1% versus the ₹429 issue price. It now trades around ₹412 (-4.0% versus the issue price).
Frequently asked questions
- How many times was the Mahindra Logistics Limited IPO subscribed?
- The Mahindra Logistics Limited IPO was subscribed 7.9× overall — 15.6× in the QIB category, 2.07× among non-institutional investors, 6.1× in retail.
- What were the Mahindra Logistics Limited IPO listing gains?
- Mahindra Logistics Limited listed on 10 Nov 2017 at ₹429, closing its first day at ₹430 — a listing gain of +0.1% versus the ₹429 issue price.
- What were the retail allotment odds for the Mahindra Logistics Limited IPO?
- Retail was subscribed 6.1×, so a single-lot application had roughly a 16.4% chance of allotment (about 1 in 6), and allotment was finalised on 6 Nov 2017.
- What was the price band and lot size of the Mahindra Logistics Limited IPO?
- The price band was ₹425–₹429 per share, with a minimum lot of 34 shares (₹14,586 at the upper band).
- Who were the registrar and lead manager for the Mahindra Logistics Limited IPO?
- Link Intime India Private Limited was the registrar, and Kotak Mahindra Capital was the book-running lead manager.