Bookbuilding IPO | ₹400 Cr | Listed at BSE, NSE | Tue, Feb 21, 2006 - Fri, Feb 24, 2006
Mahindra & Mahindra Financial Services IPO is a book build issue of ₹400.00 crores. The issue is a combination of fresh issue of 1.00 crore shares aggregating to ₹200.00 crores and offer for sale of 1.00 crore shares aggregating to ₹200.00 crores.
Mahindra & Mahindra Financial Services IPO bidding started from Feb 21, 2006 and ended on Feb 24, 2006. The shares got listed on NSE and BSE on Mar 17, 2006.
Mahindra & Mahindra Financial Services IPO is set final issue price at ₹200 per share.
Kotak Mahindra Capital Co.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Mahindra & Mahindra Financial Services IPO RHP for detailed Information.
IPO Open
Tue, Feb 21, 2006
IPO Close
Fri, Feb 24, 2006
Issue Price
₹200 per share
Market Cap (Pre-IPO)
₹1,720.01 Cr
| IPO Date | 21 to 24 Feb, 2006 |
| Listed on | Fri, Mar 17, 2006 |
| Face Value | ₹10 per share |
| Price Band | ₹170 to ₹200 |
| Issue Price | ₹200 per share |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,00,00,000 shares (agg. up to ₹400 Cr) |
| Fresh Issue | 1,00,00,000 shares (agg. up to ₹200 Cr) |
| Offer for Sale | 1,00,00,000 shares of ₹10 (agg. up to ₹200 Cr) |
| Share Holding Pre Issue | 7,60,00,525 shares |
| Share Holding Post Issue | 8,60,00,525 shares |
| BSE Script Code / NSE Symbol | 532720 / M&MFIN |
| ISIN | INE774D01024 |
Mahindra & Mahindra Financial Services IPO comprises a total issue size of 2,00,00,000 shares. Out of which, 1,20,00,000 (60.00%) are allocated to QIB, 20,00,000 (10.00%) allocated to NII 60,00,000 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue |
|---|---|---|
| QIB Shares Offered | 1,20,00,000 | 60.00% |
| NII (HNI) Shares Offered | 20,00,000 | 10.00% |
| Retail Shares Offered | 60,00,000 | 30.00% |
| Total Shares Offered | 2,00,00,000 | 100.00% |
Mahindra & Mahindra Financial Services Ltd. is a leading non-banking finance company in India, focused on serving rural and semi-urban customers. The company provides financing for utility vehicles, tractors, and cars through a wide branch network across the country. As a subsidiary of Mahindra & Mahindra (M&M), it benefits from strong industry experience and expertise.
The company's aim is to be the preferred retail finance provider in these regions by offering simple, flexible, and quick loan solutions. It serves as a bridge between traditional banks and local money lenders, making credit more accessible.
Over the years, the company has also expanded its reach significantly, growing the branch network and customer base across multiple states and Union Territories.
| Period Ended | 31 Dec 2005 | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|---|
| Assets | 4,305.28 | 3,057.97 | 2,014.10 | 1,430.86 |
| Total Income | 398.30 | 404.76 | 301.36 | 245.96 |
| Profit After Tax | 61.07 | 82.27 | 65.09 | 44.18 |
| NET Worth | 402.61 | 355.58 | 251.74 | 205.80 |
| Reserves and Surplus | 331.92 | 285.42 | 191.12 | 145.18 |
| Total Borrowing | 3,601.79 | 2,454.11 | 1,571.39 | 1,109.39 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Augment our capital base to meet our future capital requirements arising out of growth in our business 1878.0 and for other general corporate purposes | 187.80 |
| 2 | Estimated Issue expenses | 12.20 |
| Total | 200.00 |
| KPI | Dec 31, 2005 | Mar 31, 2005 |
|---|---|---|
| RoNW | 22.6% | |
| Price to Book Value | 3.50 | 3.95 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 10.82 | 9.47 |
| P/E (x) | 18.48 | 21.12 |
| Promoter Holding | 89.78% | 67.72% |
| Market Cap | ₹1,720.01 Cr. |
The Mahindra & Mahindra Financial Services IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 26.89 | 2,00,00,000 | 53,77,52,656 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Estimated lead management, underwriting and selling commission | 6.40 |
| 2 | Estimated other expenses (including advertising fees, Registrar’s fees, legal fees, printing and stationery expenses and listing fees) | 18.00 |
| Total | 24.40 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹200.00 | ₹200.00 |
| Open | ₹241.00 | ₹225.00 |
| Low | ₹205.20 | ₹205.15 |
| High | ₹250.00 | ₹243.80 |
| Last Trade | ₹233.00 | ₹232.55 |
Lead Manager Reports
Mahindra & Mahindra Financial Services IPO is a main-board IPO of 2,00,00,000 equity shares of the face value of ₹10 aggregating up to ₹400 Crores. The issue is priced at ₹200 per share. The minimum order quantity is .
The IPO opens on Tue, Feb 21, 2006, and closes on Fri, Feb 24, 2006.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Mahindra & Mahindra Financial Services IPO using UPI as a payment gateway. Zerodha customers can apply in Mahindra & Mahindra Financial Services IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Mahindra & Mahindra Financial Services IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Mahindra & Mahindra Financial Services IPO opens on Tue, Feb 21, 2006 and closes on Fri, Feb 24, 2006.
Mahindra & Mahindra Financial Services IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Mahindra & Mahindra Financial Services 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 Mahindra & Mahindra Financial Services IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Mahindra & Mahindra Financial Services IPO allotment status.
The Mahindra & Mahindra Financial Services IPO listing date is on Fri, Mar 17, 2006.
