Mahindra Logistics IPO opens today: Should you invest?

The issue comprises sale of 1,93,32,346 shares, including offloading of 96,66,173 shares -- amounting to 13.74% stake -- by the parent firm Mahindra and Mahindra

IPO, foreign banks, foreign investment banks, investment banks, banks, IPOs

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Pranati Deva New Delhi

Last Updated : Oct 31 2017 | 9:37 AM IST

Mahindra & Mahindra subsidiary Mahindra Logistics (MLL), which will open its initial public offering on October 31, with a price band of Rs 425-429 per share, will be the first logistics firm to hit the market after the rollout of GST. The offer will close for subscription on November 2, 2017.

The issue comprises sale of 1,93,32,346 shares, including offloading of 96,66,173 shares -- amounting to 13.74% stake -- by the parent firm Mahindra and Mahindra. Normandy Holdings would sell 92,71,180 shares, while Kedaara Capital would offload 3,94,993 scrips. Normandy Holdings is a 100% subsidiary of Kedaara Capital.

The minimum bid lot

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