Mahindra Logistics, the logistics and transport service unit of Mahindra Group has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to float its initial public offering (IPO). The public issue comprises sale of 1,93,32,346 equity shares.
The objects of the Offer is to achieve the benefits of listing the Equity Shares on the Stock Exchanges. The book running lead managers to the issue are Kotak Mahindra Capital Company and Axis Capital.
The company provides logistics solutions, warehousing facilities, freight forwarding and supply chain management services. It also provides people transport solutions, a specialised line of business which helps corporate clients move employees to and from the workplace.
