Fixed Price IPO | ₹27 Cr | Listed at NSE SME | Fri, Dec 30, 2016 - Fri, Jan 6, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Dec 30, 2016
IPO Close
Fri, Jan 6, 2017
Issue Price
₹68 per share
Market Cap (Pre-IPO)
₹100.63 Cr
| IPO Date | 30 Dec, 2016 to 6 Jan, 2017 |
| Listed on | Mon, Jan 16, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹68 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 39,96,000 shares (agg. up to ₹27 Cr) |
| Reserved for Market Maker | 2,04,000 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 37,92,000 shares (agg. up to ₹26 Cr) |
| Net Offered to Public | 37,92,000 shares (agg. up to ₹26 Cr) |
| Share Holding Pre Issue | 1,08,02,600 shares |
| Share Holding Post Issue | 1,47,98,600 shares |
| NSE Symbol | MAHESHWARI |
| ISIN | INE263W01010 |
Maheshwari Logistics IPO comprises a total issue size of 39,96,000 shares. The net offer to the public is 37,92,000 shares, after excluding 2,04,000 shares allotted on a firm basis. Of the Net offer 18,96,000 (50.00%) allocated to NII 18,96,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 18,96,000 | 50.00% | 47.45% |
| Retail Shares Offered | 18,96,000 | 50.00% | 47.45% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,04,000 | 5.11% | |
| Total Shares Offered | 39,96,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirement | 20.42 |
| 2 | General corporate purposes | 5.00 |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc. | 1.25 |
| 2 | Regulatory fees | 0.10 |
| 3 | Marketing and Other Expenses | 0.40 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹68.00 |
| Open | ₹71.80 |
| Low | ₹70.40 |
| High | ₹78.90 |
| Last Trade | ₹76.35 |
Lead Manager Reports
Maheshwari Logistics IPO is a SME IPO of 39,96,000 equity shares of the face value of ₹10 aggregating up to ₹27 Crores. The issue is priced at ₹68 per share. The minimum order quantity is 2000.
The IPO opens on Fri, Dec 30, 2016, and closes on Fri, Jan 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 Fri, Dec 30, 2016 and closes on Fri, Jan 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 Mon, Jan 16, 2017.
