IPO

Mahindra Logistics Ltd IPO

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Initial public offering of 19,332,346* equity shares of face value of Rs. 10 each (the equity shares) of the company for cash at a price of Rs. 429 per equity share (the offer price) aggregating to Rs. 828.883* Crores through an offer for sale of (i) 9,666,173* Equity shares aggregating to Rs. 414.42* Crores by Mahindra & Mahindra Limited (the promoter); (ii) 9,271,180* equity shares aggregating to Rs. 397.48* Crores by Normandy Holdings Limited; and (iii) 394,993* equity shares aggregating to Rs. 16.93* Crores By Kedaara Capital Alternative Investment Fund - Kedaara Capital AIF 1, (the offer for sale or the offer and such Shareholders offering their respective equity shares in the offer for sale are collectively hereinafter referred to as the selling shareholders and individually as a selling shareholder). The offer includes a reservation of 125,000* equity shares aggregating to Rs. 4.84* Crores, for subscription by eligible employees (as defined hereinafter) (the employee reservation Portion). The offer less the employee reservation portion is hereinafter referred to as the net offer and such net offer aggregates to 19,207,346 equity shares. The offer and the net offer shall constitute 27.17% and 27.00%, respectively, of the postoffer Paid-up equity share capital of the company. The offer included a discount of Rs. 42 per equity share on the offer price to Eligible employees (the employee discount). *(subject to finalization of basis of allotment) The face value of the equity shares is Rs. 10 each and the offer price is Rs.429 and is 42.90 times the face value of the equity shares

Mahindra Logistics Ltd IPO Subscription Details

Company

Mahindra Logistics Ltd

Issue Type

(Book Built Portion)

Open Date

31 Oct

Close Date

02 Nov

Offer Price

429.00

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How to apply IPO on 5paisa app?

  • Login to your 5paisa Mobile Trading App and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a notification to block funds in your UPI app
  • Approve the block request

Mahindra Logistics Ltd IPO Frequently Asked Questions

Stove Kraft Ltd, kitchen appliances manufacturer is coming up with its Initial public Offerings on January 25 with the public issue comprising a fresh issue size of ₹412.63Cr.

You can apply for the Stove Kraft IPO using any supported UPI apps. To Apply on 5paisa App follow the procedure mentioned above. For further details Click Here.

Stove Kraft IPO will open on January 25, 2021.

Stove Kraft IPO Lot size is 38 equity shares, that means you can apply for one lot consisting 38 equity shares.

Shares of Stove Kraft will be getting allotted on 02nd February,2021.

Stove Kraft Shares will be getting listed on 05 February, 2021.

Here is the minimum investment calculation of Stove Kraft IPO
Lot size – 38 * Issue Price ₹385 = ₹14,630
Hence the minimum investment amount required to invest in Stove Kraft IPO is ₹14,630. As per the maximum limit that is allowed by SEBI you can apply for 13 lots.

No, one bank account one IPO application is allowed.

Cut off Price for Stove Kraft IPO is ₹14,630


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Contact Details of Mahindra Logistics Ltd IPO

Company Contact Information

Mahindra Logistics Ltd IPO
Mahindra Towers,
P K Kurne Chowk Worli,
Mumbai, Maharashtra 400018.

Phone: 91-22-24901441
Email: cfo.mll@mahindra.com

Mahindra Logistics Ltd IPO Register

Link Intime India Pvt Ltd

Mahindra Logistics Ltd IPO Lead Manager(s)

  • Axis Capital Ltd
  • Kotak Mahindra Capital Company Ltd

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