Bookbuilding IPO | ₹278 Cr | Listed at BSE, NSE | Tue, Jun 23, 2009 - Fri, Jun 26, 2009
Mahindra Holidays IPO is a book build issue of ₹277.96 crores. The issue is a combination of fresh issue of 0.59 crore shares aggregating to ₹176.88 crores and offer for sale of 0.34 crore shares aggregating to ₹101.08 crores.
Mahindra Holidays IPO bidding started from Jun 23, 2009 and ended on Jun 26, 2009. The shares got listed on BSE, NSE on Jul 16, 2009.
Mahindra Holidays IPO price band is set at ₹300 per share. The lot size for an application is 20. The minimum amount of investment required by an retail is ₹6,500 (20 shares) (based on upper price). The lot size investment for sNII is 34 lots (680 shares), amounting to ₹2,04,000, and for bNII, it is 167 lots (3,340 shares), amounting to ₹10,02,000.
HSBC Securities & Capital Markets (India) Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Mahindra Holidays IPO RHP for detailed Information.
IPO Open
Tue, Jun 23, 2009
IPO Close
Fri, Jun 26, 2009
Issue Price
₹300 per share
Market Cap (Pre-IPO)
₹2,526.89 Cr
| IPO Date | 23 to 26 Jun, 2009 |
| Listed on | Thu, Jul 16, 2009 |
| Face Value | ₹10 per share |
| Price Band | ₹275 to ₹325 |
| Issue Price | ₹300 per share |
| Lot Size | 20 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 92,65,275 shares (agg. up to ₹278 Cr) |
| Fresh Issue | 58,96,084 shares (agg. up to ₹177 Cr) |
| Offer for Sale | 33,69,191 shares of ₹10 (agg. up to ₹101 Cr) |
| Share Holding Pre Issue | 7,83,33,688 shares |
| Share Holding Post Issue | 8,42,29,772 shares |
| BSE Script Code / NSE Symbol | 533088 / MHRIL |
| ISIN | INE998I01010 |
Mahindra Holidays IPO comprises a total issue size of 92,65,275 shares. Out of which, 55,59,165 (60.00%) are allocated to QIB, 9,26,527 (10.00%) allocated to NII 27,79,583 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 55,59,165 | 60.00% | NA |
| NII (HNI) Shares Offered | 9,26,527 | 10.00% | NA |
| Retail Shares Offered | 27,79,583 | 30.00% | 1,38,979 |
| Total Shares Offered | 92,65,275 | 100.00% |
Investors can bid for a minimum of 20 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹6,000 |
| Retail (Max) | 33 | 660 | ₹1,98,000 |
| S-HNI (Min) | 34 | 680 | ₹2,04,000 |
| S-HNI (Max) | 166 | 3,320 | ₹9,96,000 |
| B-HNI (Min) | 167 | 3,340 | ₹10,02,000 |
Incorporated in 1996, Mahindra Holidays and Resorts India Limited (MHRIL) is a part of the US$ 6.7 billion Mahindra group. MHRIL is India’s number one holiday brand offering quality family holidays with a range of services.
The company’s flagship brand ‘Club Mahindra Holidays’, has a fast growing customer base of over 79,000 members and 23 beautiful Resorts at some of the most exotic spots in India and abroad. Mahindra's resorts at Goa, Coorg, Munnar, Manali, Binsar Kumbhalgarh and Dharamshala are recipients of the RCI Gold Crown Award for the year 2008-2009.
| 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 | Augment the capital base to meet the future capital requirements arising out of growth in the business1878.0and for other general corporate purposes | 187.80 |
| 2 | Estimated Issue expenses | 12.20 |
| KPI | |
|---|---|
| RoNW | 40.78% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 89.78% | 67.72% |
| Market Cap | ₹2,526.89 Cr. |
The Mahindra Holidays IPO is subscribed 9.8 times on June 26, 2009 5:00:00 PM (Day 4). The public issue subscribed 3.36 times in the retail category, 12.83 times in the QIB category, and 11.01 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 12.83 | 55,59,165 | |
| NII | 11.01 | 9,26,527 | |
| Retail | 3.36 | 27,79,582 | |
| Total | 9.8 | 92,65,274 |
FITCH has assigned an IPO Grade 4 to Mahindra Holidays and Resorts IPO. This means as per FITCH, company has Above average fundamentals . FITCH assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Link to download Fitch rating document.
| # | 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 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹300.00 | ₹300.00 |
| Open | ₹315.00 | ₹370.00 |
| Low | ₹311.10 | ₹311.35 |
| High | ₹339.70 | ₹374.50 |
| Last Trade | ₹317.10 | ₹317.45 |
Mahindra Holidays IPO is a main-board IPO of 92,65,275 equity shares of the face value of ₹10 aggregating up to ₹278 Crores. The issue is priced at ₹300 per share. The minimum order quantity is 20.
The IPO opens on Tue, Jun 23, 2009, and closes on Fri, Jun 26, 2009.
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 Holidays IPO using UPI as a payment gateway. Zerodha customers can apply in Mahindra Holidays IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Mahindra Holidays IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Mahindra Holidays IPO opens on Tue, Jun 23, 2009 and closes on Fri, Jun 26, 2009.
Mahindra Holidays IPO lot size is 20, and the minimum amount required for application is ₹6,000.
You can apply in Mahindra Holidays 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 Holidays IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Mahindra Holidays IPO allotment status.
The Mahindra Holidays IPO listing date is on Thu, Jul 16, 2009.
