Mahindra Logistics IPO – Issue Information *(Tentative)*
Issue Opens on: 31 October 2017
Issue Closes on: 02 November 2017
Issue Type: Book Built Issue IPO
Issue Size: 1,93,32,346 Equity Shares
Face Value: Rs 10 per Equity Share
Issue Price: Rs.436 – Rs.440 per Equity Share *(ASSUMED)*
Market Lot: 34 shares
Listing At: NSE, BSE
Equity Shares outstanding prior to the Issue = 7,11,41,924 Equity Shares
Offer for Sale of 1,93,32,346 Equity Shares @upper price band = Rs.850.62 Crores
Equity Shares outstanding after the Issue = 7,11,41,924 Equity Shares
Category-wise Break up:.
Anchor – 57,62,203 Shares = 253.54Crs
QIB – 38,41,469 Shares = 169.02Crs
NII – 28,81,102 Shares = 126.77Crs
RII – 67,22,572 Shares = 295.79Crs (Lot size: 34 = 1,97,723 Forms)
Empl. – 1,25,000 Shares = 5.50Crs
Total Issue – 1,93,32,346 Equity Shares = 850.62Crs.
Subscription required for 1X
RII = 1,97,6723 Forms
NII = 126.77 Crs
Interest cost @5%p.a. for 7days = 42.192paise for 1X
Mahindra Logistics IPO
Market Estimates of oversubscription:
Category-wise:
1X QIB = 169.02Crs – assuming applications of 7KCrs. = 42X oversubscription
1X NII = 126.77Crs – assuming applications of 40KCrs. = 315X oversubscription
1X RII = 1,97,723 Forms – assuming 16L forms. = 8.09X oversubscription (applic-wise)
i.e. average 4.20 shares per form
Grey bhav should open as:
GMP 125
Kostak 525