The Rs 800-crore initial public offering (IPO) of Mahindra Logistics garnered a subscription of 48 percent on Tuesday, the first day of the issue.
The retail portion was subscribed 76 percent, while that of institutional investors subscribed 35 percent. The high net worth individual segment was subscribed three percent.
On Monday, Mahindra Logistics had allotted 57.6 million shares to anchor investors at Rs 429 apiece, amounting to Rs 247 crore. The price band for the maiden offer is fixed at Rs 425-429 per share.
Parent Mahindra & Mahindra is selling 19.3 million shares of Mahindra Logistics through the IPO.
Looking for investment in Share Market, CapitalStars Financial Research Private Limited provides you best investments Tips in Share Market.It daily provides intraday and Future calls.We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities.
Also u can visit :-
capitalstars past performanceGet more details here:-
Stock Tips
* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
* CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
0 comments:
Post a Comment