Mahindra Logistics has allotted 57.62 lakh equity shares at Rs 429 per share to 15 anchor investors aggregating to Rs 247.2 crore, ahead of its initial public offering. Six mutual funds have applied for the issue through a total of 10 schemes.
The anchor investors include Goldman Sachs India, HDFC Small Cap Fund, HDFC Trustee Company, Reliance Capital Trustee, Aditya Birla Sun Life Trustee and East Bridge Capital Master Fund.
Source : moneycontrol
161. Pokemongo| Link| Bookmark|
October 30, 2017 6:43:52 PM
Top Contributor (400+ Posts, 300+ Likes)
sorry to post here but is merger call of between idfc and shriram positive or negave for idfc bank/
Nothing positive. It was not possible since the merger call was announced. Market was not giving a thought to this merger due to complicity in nature of business of both groups.
As gives optional buy frm secondary mkt in mostly all ipos, here''s for MLL
Below 2 logistics stocks
=> Allcargo(168)..... .18PE,Sales 5580cr vs m.cap 4128cr
=> Gati(116)........25PE,sales 1690cr vs M.cap 1265cr
Expected return : 1FD till MLL list(not sure) 3FD till mid FY18(confident)
Mostly all logistics companies hv given good numbers in Q1 compare to last FY, Green signal to shift from high beta, overvalued sector to this sector????
@Kabali: I am not an expert but construction companies are going to mostly benefited by this kind of projects. Few names that came up are : Ashoka Buildcon, IRB Infra..
159.9. gamble| Link| Bookmark|
October 30, 2017 11:27:07 AM
(1600+ Posts, 3900+ Likes)
@kabali...No one can predict that this gonna b next Multibagger, just buy good future perspective share at good level and hold, you may get Multibagger type return.
Not sure about GATI but Allcargo has been a loser stock for last few years. It may appear cheap as it hasn''t appreciated in a long time but we also need to understand why it hasn''t appreciated. Its got almost 70% Promoter holding, another 22% holding is between FII, DII and only 8% is with retailers. It should ideally double every year with the kind of stats its has.
Market me koi formula nhi chalta bus market sentiment chalta hai. Isliye predication band karo or khel dekho. Is forum me jitne bol rhe hein ""I am not invasting"" wahi log kayi application lagayenge. Yhan mana kar k apne allotement k chance badana chahte hein bus.
155. Eagleye| Link| Bookmark|
October 26, 2017 2:29:26 PM
IPO Guru (6600+ Posts, 22000+ Likes)
It is very costly ipo. They are asking 65 times of P/E. Many good peers are available at below 50. Though brand name ''Mahindra'' is a promoter. Many companies of Mahindra group gave good returns to investors. But Mahindra Holiday''s return is not up to the mark.
In Mahindra Logistics top line and bottom line are growing seedily. No tremendous growth. Every year 10 to 15% is normal.
There was a golden period of logistics companies in year 2014 - 15. At that time hope of ''GST coming'' all logistics companies gave 4 to 5 times return. But now all are at matured level. Not much fruits are left in logistics companies.
There is no harm if you skip this IPO. I am not applying this IPO.
10 things to know before you subscribe - Good luck all the subscribers http://www.moneycontrol.com/news/business/ipo-business/mahindra-logistics-ipo-to-open-on-october-31-10-things-you-should-know-2422809.html
Apologies for posting here. ********************************** Anyone applying for NLC OFS ?
OFS Issue Details are as follows: Company NLC India Limited Issue Size (No of Shares) 7,64,28,421 Floor Price INR 94/- Retail Reservation 20% of Issue Size (1,52,85,684 No. of Shares) Discount For Retail 3.5 % on Cut-Off Price in accordance with OFS guidelines Allocation Methodology Price Priority Issue Date 25th October, 2017 (For Non – Retail Investors) 26th October, 2017 (For Retail and for non-Retail Investors who choose to carry forward their bids) Timings 9:15am to 3:30pm
If statement of jinping affects gmp badly.... It means we haven''t trust in our economy... And second thing if same kind of statement given by our govt... Would it effect chienese economy???