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Maheshwari Logistics IPO is a fixed price issue of Rs 27.17 crores.
Maheshwari Logistics IPO bidding started from December 30, 2016 and ended on January 6, 2017. The shares got listed on NSE SME on January 16, 2017.
Maheshwari Logistics IPO price is ₹68 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹136,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Maheshwari Logistics IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Maheshwari Logistics IPO RHP for detailed information.
| IPO Date | December 30, 2016 to January 6, 2017 |
| Listing Date | January 16, 2017 |
| Face Value | ₹10 per share |
| Price | ₹68 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,996,000 shares (aggregating up to ₹27.17 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 10,802,600 |
| Share holding post issue | 14,798,600 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹136,000 |
| Retail (Max) | 1 | 2000 | ₹136,000 |
| Lot Size Calculator | |||
Incorporated in 2006, Maheshwari Logistics Limited provides logistics services in India. They offers logistics services to cement, paper, and oil industries, as well as to other manufacturing industries and traders. The company is also involved is supplying non-coking coal; and manufacturing and trading of kraft paper.
Based in in Valsad, India, Maheshwari Logistics primarily offer full truck load fright services to large and medium size companies mainly across the state of Gujrat and Rajasthan. They also extend their logistic arms in state of Maharashtra and Madhya Pradesh. They use their own truck as well as hire third party transportation services for carrying out logistics operations.
The object of the issue are to:
1. Working capital requirements;
2. General Corporate purposes.
[Dilip Davda] Considering the future prospects of logistics, fuel and paper sectors, this issue may be considered for investment on medium to long term. Read detail review...
| Listing Date | January 16, 2017 |
| BSE Script Code | |
| NSE Symbol | MAHESHWARI |
| ISIN | INE263W01010 |
| Final Issue Price | ₹68 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹68.00 |
| ₹71.80 |
| ₹70.40 |
| ₹78.90 |
| ₹76.35 |
Maheshwari Logistics Limited
MLL House, A - 2, 3/2,
Opp. UPL, Phase - 1, GIDC,
Vapi - 95
Phone: +91 260-2431024
Email: info@mlpl.biz
Website: http://www.mlpl.biz/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: investors@mlpl.biz
Website: https://ipo.bigshareonline.com/ipo_status.html
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Maheshwari Logistics IPO is a SME IPO of 3,996,000 equity shares of the face value of ₹10 aggregating up to ₹27.17 Crores. The issue is priced at ₹68 per share. The minimum order quantity is 2000 Shares.
The IPO opens on December 30, 2016, and closes on January 6, 2017.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Maheshwari Logistics IPO opens on December 30, 2016 and closes on January 6, 2017.
Maheshwari Logistics IPO lot size is 2000 Shares, and the minimum amount required is ₹136,000.
You can apply in Maheshwari Logistics IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Maheshwari Logistics IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Maheshwari Logistics IPO allotment status.
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