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Maheshwari Logistics IPO is a fixed price issue of ₹27.17 crores. The issue is entirely a fresh issue of 0.40 crore shares of ₹27.17 crore.
Maheshwari Logistics IPO bidding started from Dec 30, 2016 and ended on Jan 6, 2017. The shares got listed on NSE SME on Jan 16, 2017.
Maheshwari Logistics IPO price is ₹68.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,36,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,72,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Pantomath Stock Brokers Pvt.Ltd..
Refer to Maheshwari Logistics IPO RHP for detailed Information.
| IPO Date | December 30, 2016 to January 6, 2017 |
| Listing Date | January 16, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹68 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 39,96,000 shares (aggregating up to ₹27.17 Cr) |
| Reserved for Market Maker | 2,04,000 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹1.39 Cr) |
| Net Offered to Public | 37,92,000 shares (aggregating up to ₹25.79 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,08,02,600 shares |
| Share Holding Post Issue | 1,47,98,600 shares |
Maheshwari Logistics IPO offers total 39,96,000 shares. Out of which 18,96,000 (47.45%) allocated to NII, 18,96,000 (47.45%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,04,000 (5.11%) |
| NII (HNI) Shares Offered | 18,96,000 (47.45%) |
| Retail Shares Offered | 18,96,000 (47.45%) |
| Total Shares Offered | 39,96,000 (100.00%) |
Maheshwari Logistics IPO opens on December 30, 2016, and closes on January 6, 2017.
| IPO Open Date | Fri, Dec 30, 2016 |
| IPO Close Date | Fri, Jan 6, 2017 |
| Tentative Listing Date | Mon, Jan 16, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jan 6, 2017 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,36,000 |
| Retail (Max) | 1 | 2,000 | ₹1,36,000 |
| HNI (Min) | 2 | 4,000 | ₹2,72,000 |
Incorporated in 2006, Maheshwari Logistics Limited provides logistics services in India. They offers logistics services to cement, paper, and oil industries, as well as to other manufacturing industries and traders. The company is also involved is supplying non-coking coal; and manufacturing and trading of kraft paper.
Based in in Valsad, India, Maheshwari Logistics primarily offer full truck load fright services to large and medium size companies mainly across the state of Gujrat and Rajasthan. They also extend their logistic arms in state of Maharashtra and Madhya Pradesh. They use their own truck as well as hire third party transportation services for carrying out logistics operations.
The Company Maheshwari Logistics IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital Requirement | 20.42 |
| 2 | General corporate purposes | 5.00 |
[Dilip Davda] Considering the future prospects of logistics, fuel and paper sectors, this issue may be considered for investment on medium to long term. Read detail review...
| Listing Date | January 16, 2017 |
| BSE Script Code | |
| NSE Symbol | MAHESHWARI |
| ISIN | INE263W01010 |
| Final Issue Price | ₹68 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹68.00 |
| Open | ₹71.80 |
| Low | ₹70.40 |
| High | ₹78.90 |
| Last Trade | ₹76.35 |
Maheshwari Logistics Ltd.
MLL House, A - 2, 3/2,
Opp. UPL, Phase - 1, ,
GIDC
Vapi, Gujarat, 396195
Phone: +91 260-2431024
Email: info@mlpl.biz
Website: http://www.mlpl.biz/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: investors@mlpl.biz
Website: https://ipo.bigshareonline.com/IPO_Status.html
Maheshwari Logistics IPO is a SME IPO of 39,96,000 equity shares of the face value of ₹10 aggregating up to ₹27.17 Crores. The issue is priced at ₹68 per share. The minimum order quantity is 2000.
The IPO opens on December 30, 2016, and closes on January 6, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Maheshwari Logistics IPO using UPI as a payment gateway. Zerodha customers can apply in Maheshwari Logistics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Maheshwari Logistics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Maheshwari Logistics IPO opens on December 30, 2016 and closes on January 6, 2017.
Maheshwari Logistics IPO lot size is 2000, and the minimum amount required for application is ₹1,36,000.
You can apply in Maheshwari Logistics IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Maheshwari Logistics IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Maheshwari Logistics IPO allotment status.
The Maheshwari Logistics IPO listing date is on Monday, January 16, 2017.
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