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Mahindra Holidays IPO is a book built issue of Rs 277.96 crores.
Mahindra Holidays IPO bidding started from June 23, 2009 and ended on June 26, 2009. The shares got listed on BSE, NSE on July 16, 2009.
Mahindra Holidays IPO price band is set at ₹275 to ₹325 per share. The minimum lot size for an application is 20 Shares. The minimum amount of investment required by retail investors is ₹6,500.
Hsbc Securities & Capital Markets Pvt Ltd and Kotak Mahindra Capital Company Limited are the book running lead managers of the Mahindra Holidays IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Mahindra Holidays IPO RHP for detailed information.
| IPO Date | June 23, 2009 to June 26, 2009 |
| Listing Date | July 16, 2009 |
| Face Value | ₹10 per share |
| Price Band | ₹275 to ₹325 per share |
| Lot Size | 20 Shares |
| Total Issue Size | 9,265,275 shares (aggregating up to ₹277.96 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 78,333,688 |
| Share holding post issue | 84,229,772 |
Mahindra Holidays IPO offers 9,265,274 shares. 5,559,165 (60.00%) to QIB, 926,527 (10.00%) to NII, 2,779,582 (30.00%) to RII. 138,979 RIIs will receive minimum 20 shares and (sNII) and (bNII) will receive minimum 620 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 5,559,165 (60.00%) | NA |
| NII (HNI) Shares Offered | 926,527 (10.00%) | |
| Retail Shares Offered | 2,779,582 (30.00%) | 138,979 |
| Total Shares Offered | 9,265,274 (100%) |
Investors can bid for a minimum of 20 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 | 20 | ₹6,500 |
| Retail (Max) | 30 | 600 | ₹195,000 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 93.64% |
| Share Holding Post Issue | 83.09% |
Incorporated in 1996, Mahindra Holidays and Resorts India Limited (MHRIL) is a part of the US$ 6.7 billion Mahindra group. MHRIL is India’s number one holiday brand offering quality family holidays with a range of services.
The company’s flagship brand ‘Club Mahindra Holidays’, has a fast growing customer base of over 79,000 members and 23 beautiful Resorts at some of the most exotic spots in India and abroad. Mahindra's resorts at Goa, Coorg, Munnar, Manali, Binsar Kumbhalgarh and Dharamshala are recipients of the RCI Gold Crown Award for the year 2008-2009.
| KPI | Values |
|---|---|
| RoNW | 40.78% |
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
1. Expansion of existing resorts & setting up new projects;
2. General Corporate purposes.
The Mahindra Holidays IPO is subscribed 9.80 times on June 26, 2009 5:00:00 PM. The public issue subscribed 3.36 times in the retail category, 12.83 times in the QIB category, and 11.01 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 12.83 |
| NII | 11.01 |
| Retail | 3.36 |
| Total | 9.80 |
FITCH has assigned an IPO Grade 4 to Mahindra Holidays and Resorts IPO. This means as per FITCH, company has Above average fundamentals . FITCH assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Link to download Fitch rating document.
| Listing Date | July 16, 2009 |
| BSE Script Code | 533088 |
| NSE Symbol | MHRIL |
| ISIN | INE998I01010 |
| Final Issue Price | ₹300 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹300.00 |
| ₹315.00 |
| ₹311.10 |
| ₹339.70 |
| ₹317.10 |
| NSE |
|---|
| ₹300.00 |
| ₹370.00 |
| ₹311.35 |
| ₹374.50 |
| ₹317.45 |
Mahindra Holidays and Resorts India Ltd
Mahindra Towers 2nd Floor,
No 17/18 Patullos Road,
Chennai - 600002, Tamil Nadu.
Phone: +91-44-39881000
Email: investors@clubmahindra.com
Website: http://www.clubmahindra.com
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Mahindra Holidays IPO is a main-board IPO of 9,265,275 equity shares of the face value of ₹10 aggregating up to ₹277.96 Crores. The issue is priced at ₹275 to ₹325 per share. The minimum order quantity is 20 Shares.
The IPO opens on June 23, 2009, and closes on June 26, 2009.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Mahindra Holidays IPO opens on June 23, 2009 and closes on June 26, 2009.
Mahindra Holidays IPO lot size is 20 Shares, and the minimum amount required is ₹6,500.
You can apply in Mahindra Holidays 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 Mahindra Holidays IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Mahindra Holidays IPO allotment status.
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