Knowledge Center

Mahindra Logistics Limited's promoter Mahindra &  Mahindra Limited through its logistics division, Mahindra Logistics - undertook the business of providing logistics solutions, warehousing, freight forwarding and supply chain services (the "Logistics Business"). Pursuant to business transfer agreement between Mahindra Logistics Limited and its promoter, the entire logistics business was transferred to Mahindra logistics Limited. Since then, the logistics business has been undertaken by Mahindra Logistics Limited and its subsidiary companies.  Incorporated in August 2007, Mahindra Logistics has two subsidiaries namely 2 X 2 Logistics Private Limited (Incorporated in October 2012, 55% Shareholding) and Lords Freight (India) Pvt Ltd (Incorporated in April 2011, 60% of shareholding). Mahindra Logistics Ltd IPO is opening on October 31,2017 and closing on November 2,2017. The tentative date of allotment is November 8,2017 and the allotment status can be seen on thi

Once upon the time, there was an investor who had turned beggar. One day he didn't manage to collect sufficient money by begging, so he decided to loot somebody. On fine early morning,  he waited in middle of the empty road. Then one man passed by, and the investor turned beggar stopped him and said , "I am a ducait, give me your money else I will hurt you". The man smiled and said, "Do you know who am I?" The beggar said, "No". The man said, "I am Anil Ambani, ADAG Group Chairman" The beggar said, "Oh..you are Anil Ambani. Then not your money but give me back my money. I invested in Reliance Power" The investor turned beggar had applied the iconic Reliance Power IPO in January 2008. There were many who turned beggar after the fiasco of Reliance Power IPO, the first biggest IPO of the history of Indian Capital Market, Rs. 11,563 Crore. After 9 years and 9 months, ADAG Group's yet another IPO is coming in the

GIC Re (General Insurance Corporation of India) IPO is the biggest IPO of 2017 and third biggest in the history of Indian capital market. The President of India, acting through the Ministry of Finance holds 99.99% shareholding in the company. Out of that, 10,75,00,000 shares shall be sold by him. It is a mix of offer for sale and fresh issue. Fresh 1,72,00,000 shares shall be issued. So, total number of shares available in this IPO are 12,47,00,000 shares. Out of that 35% is reserved for Retail Investors The company shall not receive any money received through offer for sale. The company proposes to utilise the Net Proceeds from the Fresh issue towards (i) augmenting the capital base of the company to support the growth of its business and to maintain current solvency levels; and (ii) General corporate purposes, subject to applicable law. The IPO is opening on October 11, 2017 and closing on October 13,2017. Minimum application lot size is 16 shares. Why should you sub

Indian Energy Exchange Limited (IEX) is the third mainline IPO of October 2017. Rs. 1000 Crore IPO is opening on October 9, 2017 and closing on October 11,2017. Offer price ranges between Rs 1645 - Rs.1650 per share. Minimum application lot size is 9 shares. Tentative date of allotment is October 23,2017 and listing is October 25,2017 respectively. The allotment status can be seen on this link http://karisma.karvy.com   This IPO is a 100% offer for sale. The company will not receive any money out of this arrangement. Existing investors shall sell 60,65,009 shares and 35% is reserved for Retail Investors. The company has set price range between Rs. 1645 - Rs. 1650 per share. The company's EPS (Dilluted) as on March 31,2017 was Rs. 37.66 per share. If we take lower and higher price band, selling shareholders have offered shares at PE  Multiple of  43.68 - 48.81.   The NAV (Net Assets Value) as on March 31,2017 was Rs. 94.92 . The selling shareholders have asked the pri

MAS Financial Service Limited has come up with its  IPO two days after Godrej Agrovet Limited hits the primary market and a day before Indian Energy Exchange Limited is going to open (Sat-Sun ignored).   MAS IPO is opening on October 6, 2017 and closing on October 10,2017. The tentative dates of allotment and listing are October 16, 2017 and October 18,2017 respectively. The allotment details can be available on this link http://www.linkintime.co.in .   Recently,  listing of iconic IPOs viz ICICI Lombard  and SBI Life Insurance  have failed to give expected listing gains to their investors. ICICI Lombard listed with Rs. 10 discount and SBI Life Insurance listed with meagre 5% (Rs.35) premium above its offer price. At the end, it closed at Rs. 707. The gain was as equal as peanut. Both companies are fundamentally strong backed by prominent promoters and growth prospect, however, they did not leave much on investors plates from the beginning itself. Both cash rich companies sh

Godrej Group's Godrej Agrovet Limited is all set to hit the primary market in the first week of October 2017. The issue is opening on October 4,2017 and closing on October 6,2017. The tentative date of listing is October 16,2017. Allotment details will be available on this link http://karisma.karvy.com  tentatively on October 12,2017. The company has set price range between Rs 450 - Rs. 460 per share. Application lot is for 32 shares. This IPO is mix of fresh issue and offer for sale. The company is garnering Rs 291.51 Crore through Fresh Issue. The Company's selling shareholders namely its holding company Godrej Industries Limited shall sell shares worth Rs. 300 Crore and investor company V-Science Investments Pte Ltd shall sell 1,23,00,000 shares. The company will not receive any proceeds received by selling shareholders. The company proposes to utilise the net proceeds from the fresh issue towards; 1. Repayment/prepayment of working capital facilities availe