Business Standard

Maheshwari Logistics Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

27.17 cr

Price Range (₹)

68

Lot Size

2000

Min Investment (₹)

1,36,000.00

Listing Exchange

NSE - SME

Open Date

30-Dec-2016

Close Date

06-Jan-2017

Listing Date

16-Jan-2017

Maheshwari Logistics Ltd News

    The Shares of Maheshwari Logistics Ltd have now been listed.

    Maheshwari Logistics Ltd IPO Details

    Public Issue of 39,96,000 equity shares of face value of Rs. 10 each (Equity Shares) of Maheshwari Logistics Limited (The Company or The Issuer) for cash at price of Rs. 68 per equity share, including a share premium of Rs. 58 per equity share (The Issue Price), aggregating Rs. 27.17 crores (the issue), of which 2,04,000 equity shares of face value of Rs.10 each for cash at a price of Rs.68 per share, aggregating Rs. 1.39 crores will be reserved for subscription by the market maker to the issue (The Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of 37,92,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 68 per equity share, aggregating Rs. 25.79 crores is hereinafter refered to as the Net Issue. The issue and the net issue will constitute 27.00% and 25.62% respectively of the fully diluted post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10 each and the issue price of Rs. 68 is 6.8 times of the face value of the equity shares.

    Objective of issue

    Working capital requirements. General corporate purposes.

    Maheshwari Logistics Ltd Contact Details

    Maheshwari Logistics Ltd, E-2/3 Ansa Indl Est, Saki Vihar Road, Sakinaka Andheri(E), Mumbai - 400072

    Phone - 91-22-40430200/28470652

    Fax - 91-22-28475207

    Email - investors@mlpl.biz

    Website - www.mlpl.biz