Pls share your review abt Mahindra Logistics IPO
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Mahindra Logistics IPO
▶ Period: 31 October 2017 to 02 November 2017
▶ Issue Type: Offer for Sale
▶ Issue Size: 1,93,32,346 share (₹ 701.76 Cr)
▶ Face Value: Rs 10
Issue Price: Rs.430 – Rs.450
▶ Market Lot: 41 shares
▶ Category-wise Break up:.
Anchor – 1,83,60,000 Shares = 209.17Crs
QIB – 1,22,40,000 Shares = 139.45Crs
NII – 91,80,000 Shares = 104.58Crs
RII – 2,14,20,000 Shares = 244.03Crs (Lot size: 41 = 1,63,965 Forms)
▶ GMP: ₹ 125 per Share
Source : Expert IPO app
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Sell application before Listing
Highly overvalued, best to avoid.
at 60 p/e, it’s strictly avoid. being ipo euphoria risky buyers can try because if jubilant food can trade at p/e of 140 after listing, this can too. 
Gmp must be reduced by now ?
Check full review here
Reasonably priced when we compare with peer companies
The company posted a strong revenue growth of 17% CAGR in the last 3 years
Only concern is that margins are very low ~2%
Its better to avoid applying in this IPO.
I hope my advice helped. It listed at a discount.
GMP is 18 to 20 as of now
Sure ?
Sorry 10%
@OnlineBewda @piyupani @marketdimer @taujipanipat93 @ppraveenk917 @companion @sidwho
Research reports -
HDFC – https://www.hdfcsec.com/hsl.docs//Mahindra%20Lo...
Angel Broking – http://web.angelbackoffice.com/research/archive...
Choice India – http://reports.choiceindia.com/Reports/FUR30102...
I’m not sure If I’m going to subscribe for listing day gains as valuation is steep. Will wait till the last hour…
Good strategy
All the proceeds from this IPO is going to the promoters and not even a single penny will be spend for the company. Promoters are making a quick buck for their investment keeping in view of the brand value and the buoyancy of the IPO market.
If the money could have spend for the operating and other expenditures, then even higher PE is meaningful.
So what is concluded?
But i applied and alloted too.
Now holding
Skiped…
Will give u return
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