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Mahindra Logistics Ltd IPO (MLL IPO) Details

Mahindra Logistics Ltd IPO (MLL IPO) Details:

Mahindra Logistics Ltd provides third party logistic services in India. It operates through two segments, Supply Chain Management (SCM) and People Transport Solutions (PTS).

The SCM segment offers customized and end-to-end logistics solutions and services, including transportation and distribution, warehousing, in-factory logistics, and value added services.

The segment serves domestic and multinational companies operating in various industry verticals, including automobile, engineering, consumer goods, pharmaceuticals, e-commerce, and bulk.

The PTS segment provides technology-enabled people transportation solutions and services for domestic and multinational companies operating in the information technology, information technology-enabled service, business process outsourcing, financial services, consulting, and manufacturing industries.

The company also provides freight forwarding services for exports and imports, customs brokerage operations, project cargo services, and charters. Mahindra Logistics Limited was incorporated in 2007 and is headquartered in Mumbai, India.

Mahindra Logistics Ltd is a subsidiary of Mahindra & Mahindra Limited.

OBJECTS OF THE ISSUE:

The objects of the Offer are to:

  1. Achieve the benefits of listing the Equity Shares on the Stock Exchanges.
  2. Further, Company expects that listing of the Equity Shares will enhance their visibility and brand image and provide liquidity to Shareholders.
  3. The listing will also provide a public market for the Equity Shares in India.

Mahindra Logistics Ltd IPO (MLL IPO) Details:

  1. Issue Open: Oct 31, 2017 – Nov 02, 2017
  2. Issue Type: Book Built Issue IPO
  3. Face Value: Rs 10 Per Equity Share
  4. Issue Size: 19,332,346 Equity Shares of Rs 10 aggregating up to Rs 829.36 Cr
  5. Issue Price: Rs 425 – Rs 429 Per Equity Share
  6. Market Lot: 34 Equity Shares
  7. Minimum Order Quantity: 34 Equity Shares
  8. Listing At: BSE, NSE

* To Be Updated

BOOK RUNNING LEAD MANAGERS Of Mahindra Logistics Ltd IPO (MLL IPO):

Kotak Mahindra Capital Company Limited
1st Floor, 27 BKC, Plot No. 27, G Block,
Bandra Kurla Complex, Bandra (East),
Mumbai 400 051
Tel: +91 22 4336 0000 Fax: +91 22 6713 2447
E-mail: mll.ipo@kotak.com
Investor grievance e-mail: kmccredressal@kotak.com

Axis Capital Limited
1st Floor, Axis House, C-2, Wadia International Centre,
P.B. Marg, Worli, Mumbai 400 025
Tel: + 91 22 4325 2183 Fax: +91 22 4325 3000
E-mail: mll.ipo@axiscap.in
Investor grievance e-mail: complaints@axiscap.in

REGISTRAR TO THE OFFER of Mahindra Logistics Ltd IPO (MLL IPO):

Link Intime India Private Limited
C-101, 1 st floor, 247 Park, L B S Marg,
Vikhroli West, Mumbai 400 083
Tel: +91 22 4918 6200 Fax: +91 22 4918 6195
E-mail: mahindralogistics.ipo@linkintime.co.in
Investor grievance e-mail: mahindralogistics.ipo@linkintime.co.in

Mahindra Logistics Ltd IPO (MLL IPO) Draft Red Herring Prospectus (DRHP):

Mahindra Logistics Ltd (MLL) IPO Prospectus

Red Herring Prospectus (RHP) Of Mahindra Logistics Ltd IPO (MLL IPO):

Mahindra Logistics Ltd (MLL) IPO Prospectus

Mahindra Logistics Ltd IPO (MLL IPO) Subscription Figures:

Mahindra Logistics Ltd (MLL) IPO Subscription Details
CategoryTotal Quota
(No. of Shares offered)
Subscription (No. of times Subscribed)
Day 1Day 2Day 3
Qualified Institutional Buyers (QIBs)3841469 0.350.7615.60
Non Institutional Investors (NIIs) 28811020.03 0.102.07
Retail6722572 0.762.176.06
Employees 125000 0.29 0.921.94
Total 13570143 0.481.327.88

Mahindra Logistics Ltd IPO (MLL IPO) Allotment and Listing Dates Schedule:

  • 31/Oct/17 – Bid/Offer Opening Date
  • 02/Nov/17 – Bid/Offer Closing Date
  • 08/Nov/17 – Finalisation of Basis of Allotment
  • 09/Nov/17 – Unblocking of Funds from ASBA Account
  • 09/Nov/17 – Credit of Equity Shares to Demat Account
  • 10/Nov/17 – Commencement of Trading on NSE/BSE

* To Be Updated

Mahindra Logistics Ltd IPO (MLL IPO) Grey Market Premium (GMP):

Current Grey Market Premium (GMP) Of Mahindra Logistics Ltd (MLL) IPO  is trading between Rs 15 – Rs 25 per equity share.

How To Check Mahindra Logistics Ltd IPO (MLL IPO) Application Status:

To clear that doubt and to check Mahindra Logistics Ltd (MLL) IPO application status just use the below links and you can check it as follow:

Check Mahindra Logistics Ltd (MLL) IPO Application Status at BSE:  BSE Website

Check Mahindra Logistics Ltd (MLL) IPO Application Status at NSE NSE Website

To Check Mahindra Logistics Ltd IPO (MLL IPO) Application Status:

  1. Click on Links provided above
  2. Select Mahindra Logistics Ltd IPO (MLL IPO) from the drop Down Menu.
  3. Provide your PAN Number.
  4. Provide your Application Number.
How To Check Mahindra Logistics Ltd IPO (MLL IPO) Allotment Status:

To Check Mahindra Logistics Ltd (MLL) IPO Allotment Status : Click Here

  1. Select Mahindra Logistics Ltd IPO (MLL IPO) from the first drop Down Menu
  2. Provide your PAN Number.

Market Update:

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Indian Energy Exchange Ltd IPO (IEX IPO) subscription also closed successfully. Now Indian Energy Exchange IPO Allotment and Listing will be in process.

While Indian Energy Exchange Ltd (IEX) IPO Grey Market Premium (GMP) is trading between Rs 5 – Rs 10 per equity share.

General Insurance Corporation of India IPO (GIC RE IPO) also able to subscribe fully. Now General Insurance Corporation IPO Allotment and Listing will be in process..

General Insurance Corporation Of India (GIC RE) IPO Grey Market Premium (GMP) is trading at discount of Rs 20 – Rs 25 per equity share.

Reliance Nippon Life Asset Management Ltd IPO (RNAM IPO) is going to be active from October 25, 2017 – October 27, 2017.

While Reliance Nippon Life Asset Management Ltd (RNAM) IPO Grey Market Premium (GMP) is trading between Rs 55 – Rs 65 per equity share.

Mahindra Logistics Ltd IPO (MLL IPO) bidding will be active from October 31, 2017 – November 02, 2017.

Some SME IPO will also be active in market in coming week.

This year we can see some good IPO hitting market like NSE Ltd IPOHDFC Standard life insurance etc.

Keep watching this blog to keep yourself updated with all the news.

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1 Comment

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  1. Asset light Bussiness model helps MLL helps Capital expenditure requirements
    mitigate effects of operational risks relating to direct fuel costs, maintenence costs which enables to deploy capital more efficiently.For the first quarter of 2017-18 profit of MLL STANDS Rs 15.13 crores on turnover of
    Rs 854 crores. From 2015 to 2017 it has grown with CAGR of 64.5 with asking PE of 25.4. Thus encourages investment in this IPO.

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