Mahindra Logistics IPO subscribed 5.54 times

Mahindra Logistics IPO subscribed 5.54 times

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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.