Are you applying for the Mahinda Logistics Ltd IPO?

#1

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

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#2

Update: The issue opens today.