Latest News
-
Rs 3.5/Share Dividend Declared: NBFC Declares 55.5% YoY Surge In PAT, Shares Up 87% In 1-Yr -
Rs 118/Share Dividend: Healthcare Stock Below Rs 400 Turned Ex-Dividend, Payout Soon; Buy For Rs 515 Target -
6,693% Returns: Below Rs 75, Pharma Penny Stock Ex-Dividend For Rs 40/Sh Payout After 9 Years; Do You Own? -
TCS Vs Infosys Vs Wipro Shares, ADRs, Upcoming Dividends: Which Mega IT Stocks To Buy After Q4 Results? -
SBI Card Launches 3 New Variants of Its Travel Credit Card ‘SBI Card MILES’ -
25% Dividend Record Date: Logistic Stock Nears 1-Year High And It Belongs To Mahindra; Motilal Neutral -
1:10 Split, 26 Dividends: Tata's 26-Year-Old Retail Stock In Focus, Q4, Dividend Ahead; Buy For Target Rs 4200 -
1:5 Split Soon: Rs 2,300 Defence Stock To Split Into Five Shares, Rs 400 Cr Fundraising Too; Hits 52-Week High -
Penny Stock Bags Back-To-Back Orders Worth Rs 500 Mn, 110 Mn; Shares Hit Upper Circuit -
Marshall Wace Offloads Stakes in 21 Indian Companies for Rs 2,365 Crore
Mahindra Logistics To List On Bourses Tomorrow
With an overwhelming subscription to the public issue, Mahindra Logistic is all set to debut on bourses tomorrow.
Mahindra Logistics, a subsidiary company of Mahindra & Mahindra which provides third-party logistics solutions opened its Rs. 829 crore IPO issue from October 31-November 2, 2017 is set to make its debut on November 10. The issue comprised an offer for sale of 96,66,173 shares which is a stake sale of 13.74% by M&M. Other shareholders in the company, Normandy Holdings and Kedaara Capital also offloaded their stake with share sale of 92,71,180 and 3,94,993 shares respectively.
The issue price for the IPO was fixed at Rs. Rs. 425-429 per share that gathered overwhelming response with an oversubscription of more than 7.9 times. Of the total, the portion reserved for retail investors, non-institutional and QIBs was 6.1 times, 2.04 times and 15.6 times respectively.
From the anchor investors just before the IPO issue, the company raised Rs. 247 crores. The book running lead managers to the issue were Axis Capital and Kotak Mahindra Capital Company.
Goodreturns.in
