Mahindra Logistics, the logistics and transport service unit of Mahindra Group is coming out with an initial public offering (IPO) to raise up to Rs 829 crore in a price band Rs 425-429 per equity share. The issue will open on October 31, 2017 and will close on November 2, 2017.
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.
