 "Mahindra Logistics IPO subscribed 48% on the first day")
The Rs 800-crore initial public offering (IPO) of Mahindra Logistics garnered a subscription of 48 per cent on Tuesday, first day of the issue.
The retail portion was subscribed 76 per cent, while that of institutional investors subscribed 35 per cent. The high net worth individual segment was subscribed three per cent.
On Monday, Mahindra Logistics had allotted 57.6 million shares to anchor investors at Rs 429 apiece, amounting to Rs 247 crore. The price band for the maiden offer is fixed at Rs 425-429 per share.
Parent Mahindra & Mahindra is selling 19.3 million shares of Mahindra Logistics through the IPO.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%