IPO price band fixed at Rs 425-429 per share
Mahindra Logistics is coming with an initial public offering (IPO) of up to 1.93 crore equity shares through an offer for sale (OFS) of up to 96.66 lakh shares by Mahindra & Mahindra (M&M), up to 92.71 lakh shares by Normandy Holdings, and up to 3.94 lakh shares by Kedaara Capital Alternative Investment Fund - Kedaara Capital AIF 1. The offer includes a reservation of up to 1.25 lakh shares for subscription by eligible employees.
The price band for the IPO has been fixed at Rs 425-429 per share. The issue opens on 31 October and closes on 2 November 2017.
Mahindra Logistics is engaged in the business of providing logistics solutions, warehousing, freight forwarding and supply chain services.
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