What is the price band of the Mahindra Logistics IPO?

The price band is ₹425–429 per share, and the final issue price is ₹429.

What is the lot size of the Mahindra Logistics IPO?

One lot is 34 shares, so the minimum retail bid is ₹14,586 at the upper end of the price band.

When is the Mahindra Logistics IPO listing date?

The shares listed on 10 November 2017.

How many times was the Mahindra Logistics IPO subscribed?

It was subscribed 7.90x overall: QIB 15.6x, NII 2.07x and retail 6.10x (NSE and BSE together).

Mahindra Logistics IPO

Mahindra Logistics Limited (MAHLOG) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 10 November 2017.

Listed 10 Nov Subscribed 7.90x Listing gain +0.0%

Issue details

Price band

₹425–429

Issue price

₹429

Lot size

34 shares

Min. retail bid

₹14,586

Max. retail bid

13 lots (₹1,89,618)

Issue size

₹829 Cr

Face value

₹10

Bidding

31 Oct – 02 Nov 2017

Listing

10 Nov 2017

Retail quota

35%

Registrar

Link Intime India Private Limited

Discount

Rs 42 per equity share to Eligible Employee Category

Listing day

Listed at

₹429

0.0% vs issue price ₹429

Day's high

₹434

+1.1% · low ₹416 (-3.0%)

Day's close

₹430

+0.1% · traded ₹436 Cr

Subscription status

Category	Shares offered	Shares bid for	Subscribed
QIB (institutions)	38,41,469	5,99,41,082	15.6x
NII (HNI) total	28,81,102	59,66,592	2.07x
Retail	67,22,572	4,10,22,360	6.10x
Employees	1,25,000	2,42,624	1.94x
Total	1,35,70,143	10,71,72,658	7.90x

Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 33% of all shares bid for were at the cut-off price.

Past IPOs with similar demand

Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Mahindra Logistics's, and how they listed.

IPO	QIB	NII	Retail	Total	Size	Listing gain	Day high
Laurus LabsDec 2016	10.5x	3.58x	1.67x	4.57x	₹1,334 Cr	+14.5%	+16.4%
Security and Intelligence Services (India)Aug 2017	5.64x	1.66x	19.5x	7.07x	₹789 Cr	+8.0%	+8.0%
Larsen & Toubro InfotechJul 2016	19.9x	10.8x	7.39x	11.7x	₹1,242 Cr	-6.1%	0.0%
PSP ProjectsMay 2017	8.38x	10.4x	6.47x	8.58x	₹212 Cr	-9.5%	-5.0%
Eris LifesciencesJun 2017	4.68x	0.45x	3.51x	3.29x	₹1,741 Cr	+1.3%	+4.2%
Sheela FoamDec 2016	14.5x	3.35x	0.44x	5.09x	₹548 Cr	+17.8%	+41.4%

Lead managers and their listing record

Book running lead manager	Mainboard IPOs since 2019	Avg listing gain	Listed at a premium
Kotak Mahindra Capital Company	83	+20.8%	76%
Axis Capital	107	+20.4%	73%

Offer documents (NSE)

Red Herring Prospectus (zip) Basis of issue price (zip) Anchor allocation (zip)

Frequently asked

What is the Mahindra Logistics IPO price band and lot size? ₹425–429 per share, with a lot of 34 shares, so the smallest retail bid is ₹14,586.

How many times has it been subscribed? 7.90x overall: QIB 15.6x, NII 2.07x, retail 6.10x, employees 1.94x.

How did it list? It opened at ₹429, +0.0% against the issue price of ₹429, and closed its first day +0.1%.

Other IPOs of 2017

Astron Paper & Board Mills Future Supply Chain Solutions Shalby HDFC Standard Life Insurance Company Khadim India The New India Assurance Company Reliance Nippon Life Asset Management General Insurance Corporation Of India All 2017 IPOs →

Important: The AI listing estimates on Flash Finance are statistical estimates drawn from how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell, and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring Prospectus and consult a SEBI-registered adviser before you invest.