The issue of Mahinda Logistics Ltd opens on 31st October. The company is offering shares in the price band of Rs.425 - 429.
About the company
Mahindra logistics is one of the largest integrated third-party supply chain provider in India. It provides a full bouquet of services ranging from transportation and distribution, warehousing, in-factory logistics and value-added services. The company has a pan India presence with 24 city offices and over 350 client and operating locations. It counts Volkswagen India Vodafone India, Thermax, JSW Steel, Siemens, Bosch, BMW India and Mercedes-Benz India amongst its top clients.
Financials
| Particulars (Rs Crs) | FY15 | FY16 | FY17 | 1QFY18 |
|---|---|---|---|---|
| Net sales | 1930.9 | 2063.9 | 2666.6 | 852.5 |
| Employee benefits expense | 122.8 | 150.9 | 188.3 | 53.7 |
| Other expenses | 1751.1 | 1860.7 | 2402 | 772.3 |
| Total cost | 1873.9 | 2011.6 | 2590.3 | 825.9 |
| EBITDA | 57 | 52.3 | 76.2 | 26.5 |
| Other income | 8.7 | 13.2 | 9.7 | 2 |
| Depreciation & amortization expense | 6 | 8.3 | 14.6 | 4.2 |
| Finance cost | 0.4 | 1.3 | 3.5 | 0.9 |
| PBT | 59.2 | 55.9 | 67.8 | 23.5 |
| Total tax expense | 20.7 | 20 | 21.8 | 8.3 |
| PAT | 38.5 | 36 | 46.1 | 15.1 |
IPO Details
IPO size: Rs 830 crores at the upper price band
Face value: Rs 10
Retail portion: 35%
Lot size: 34 shares and in multiples thereafter
Maximum subscription amount: Rs.2,00,000
Listing on: both NSE and BSE
Tentative IPO schedule
Basis of allotment - November 8th
Unblocking of funds - November 9
Credit to demat accounts - November 9
Listing on stock exchanges - November 10
To apply for an IPO follow these steps
Keep track of all the upcoming IPOs here
Allotment details can be checked here
Are you applying for the IPO?
- Yes
- No
0 voters