Mahindra & Mahindra Financial Services Ltd IPO

Closed

Subscription Details

  • Open Date 21 Feb
  • Close Date 24 Feb
  • Lot Size 35
  • IPO Size ₹ 400 Cr
  • IPO Price Range ₹ 200
  • Min Investment ₹ 7000

Mahindra & Mahindra Financial Services Ltd IPO Timeline

Open Date
21 Feb
Close Date
24 Feb
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

Public Issue of 20,000,000 Equity Shares of Rs. 10 each for cash at a price of Rs.200 per Equity Share aggregating Rs.400 crores, comprising a Fresh Issue of 10,000,000 Equity Shares of Rs. 10 each by Mahindra & Mahindra Financial Services Limited (Mahindra Finance, the Company or the Issuer) and an Offer for Sale of 10,000,000 Equity Shares of Rs. 10 each by Mahindra & Mahindra Limited (M&M) and certain other shareholders of the Company (together with M&M the Selling Shareholders). The Fresh Issue and the Offer for Sale are jointly referred to herein as the Issue (the Issue). The Issue will constitute 23.26% of the fully diluted post issue paid-up capital of the Company. Issue price is 20 times the face value

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 & Mahindra Financial Services Ltd IPO

Contact Information

Address

Gateway Building,
Apollo Bunder,
Mumbai, Maharashtra 400001

Mahindra & Mahindra Financial Services Ltd IPO Lead Manager

ABN AMRO Securities (India) Pvt LtdKotak Mahindra Capital Company Ltd
Open Demat Account