Mahindra Logistics IPO subscribed 5.54 times

 

The Initial public offer of Mahindra Logistics was oversubscribed 5.54 times.

The IPO has received bids for 10,71,72,658 shares as against 1,93,32,346 shares offered by the company, according to NSE data.

The company has fixed Price Band at Rs. 425 per Equity Share to Rs. 429 per Equity Share.

The IPO opened on Tuesday, October 31, 2017, and closed on November 2, 2017.

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Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.
yash@newsbarons.com