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.
|Particulars (Rs Crs)||FY15||FY16||FY17||1QFY18|
|Employee benefits expense||122.8||150.9||188.3||53.7|
|Depreciation & amortization expense||6||8.3||14.6||4.2|
|Total tax expense||20.7||20||21.8||8.3|
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
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