Mahindra Logistics Incorporated in 2008, Mahindra Logistics is one of India’s largest third-party logistics solutions providers in the India. Mahindra Logistics Limited is end-to-end logistics solution and service provider which was estimated at INR6.40 trillion in Fiscal 2017
Mahindra Logistics is part of Mahindra Group (M&M), one of India's leading corporate groups with operations across several industries and countries. Before 2008 the logistics business of M&M was operated as a division of M&M serving the transportation and distribution, warehousing and in-factory logistics requirements of M&M.
Mahindra Logistics offers logistics solutions and services, including transportation, distribution, warehousing, in-factory logistics and value-added services, to over 350 clients through 24 city offices.
On performance front, Mahindra Logistics has (on a consolidated basis) reported revenue/net profits of Rs. 1939.56 cr. / Rs. 38.52 cr. (FY15), Rs. 2077.13 cr. / Rs. 35.97 cr. (FY16), Rs. 2676.25 cr. / Rs. 46.07 cr. (FY17). For Q1 of current fiscal it has posted net profit of Rs. 15.13 crore on total revenue of Rs. 854.46 crore.
Objects of the Issue:
The objects of the Offer are:
1. To achieve the benefits of listing the Equity Shares on the Stock Exchanges and
2. For the Offer for Sale.
Issue Open: Oct 31, 2017 – Nov 2, 2017
Issue Type: Book Built Issue IPO
Issue Size: 19,332,346 Equity Shares of Rs 10 aggregating up to Rs 829.36 Cr
Offer for Sale of 19,332,346 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
Face Value: Rs 10 Per Equity Share
Issue Price: Rs 425 – Rs 429 Per Equity Share
Market Lot: 34 Shares
Minimum Order Quantity: 34 Shares
Listing At: BSE, NSE