Image result for mahindra logistics ipo

Image result for mahindra logistics ipo
Mahindra Logistics will be looking to follow the footsteps of VRL Logistics when it hits the primary markets through maiden offer next week. The Mahindra & Mahindra (M&M) group company will launch its IPO on 31 October in India’s 32ndmainboard IPO this year. Priced in the range of INR425 – 429 per share, the IPO will raise INR829.36 crore at the upper price band. The IPO values the company at nearly INR3,000 crore. After the disappointing listings of IndianEnergy Exchange and GeneralInsurance Corporation (GIC), investors will be rightly cautious about prospects of new IPOs and it remains to be seen if Mahindra Logistics can turnaround the sentiment. As we delve deeper in Mahindra Logistics IPO review, we will get to see if the business has fundamentals to support valuations. Mahindra Logistics  Incorporated in 2008, Mahindra Logistics Limited is end-to-end logistics solution and service provider. 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.
Image result for mahindra logistics ipo




The logistics solution of the company includes transportation and distribution, warehousing, in-factory logistics and value added services to its clients.
Image result for mahindra logistics ipoCompany also provide people transportation solutions and services across India to over 100 domestic and multinational companies operating in the IT, ITeS, business process outsourcing, financial services, consulting and manufacturing industries in 12 cities and over 120 clients.
Company's subsidiary, 2X2 Logistics, provides logistics and transportation services to OEMs to carry finished automobiles from the manufacturing locations to stockyards or directly to the distributors through specially designed vehicles.
Company's other subsidiary, Lords, provides international freight forwarding services for exports and imports, customs brokerage operations, project cargo services and charters.

Company Promoters:
The Promoter of the Company is Mahindra & Mahindra Limited.

Company Financials:

FY2013FY2014FY2015FY2016FY2017Q1 FY2018
Total revenue1,535.51,757.01,939.62,077.12,676.3854.5
Total expenses1,499.41,702.71,880.32,021.22,608.4831.0
Profit after tax24.436.639.236.345.215.0
Net margin (%)1.62.12.01.71.71.8
Adjusted net margin (%)1.62.12.11.92.22.1



Company Contact Information

Mahindra Logistics Limited
Mahindra Towers, P. K. Kurne Chowk,
Worli, Mumbai - 400018

Phone: +91 22 2490 1441
Fax: +91 22 2490 0833
Email: cfo.mll@mahindra.com
Website: http://www.mahindralogistics.com/

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.
Company will not receive any proceeds from the Offer as all the proceeds will be received by the Selling Shareholders.




Issue Detail:

  »»  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