Mahindra Logistics IPO subscribed 7.6 times

The institutional portion was subscribed 15.6 times

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For some sovereign wealth funds such as Temasek, GIC or ADIA , India has always been a key territory

BS Reporter

Last Updated : Nov 03 2017 | 12:44 AM IST

The Rs 830-crore initial public offering of Mahindra Logistics garnered a subscription of 7.6 times on Thursday, the last day of the IPO.

Mahindra Logistics operates as a third-party logistics services provider. The institutional portion was subscribed 15.6 times, while that of high net worth individual was subscribed 2.1 times.