Mahindra Logistics Ltd IPO


Subscription Details

  • Open Date 31 Oct
  • Close Date 02 Nov
  • Lot Size 34
  • IPO Size ₹ 828.88 Cr
  • IPO Price Range ₹ 429
  • Min Investment ₹ 14586

Mahindra Logistics Ltd IPO Timeline

Open Date
31 Oct
Close Date
02 Nov
Basis of Allotment
Credit to Demat Account
Listing Date

IPO Synopsis

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

How to apply for an IPO?

  • Login to your 5paisa account 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 mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Mahindra Logistics Ltd IPO

Contact Information


Mahindra Towers,
P K Kurne Chowk Worli,
Mumbai, Maharashtra 400018

Mahindra Logistics Ltd IPO Lead Manager

Axis Capital LtdKotak Mahindra Capital Company Ltd
Open Demat Account