IPO Issue Details
Issue Price / Price Band₹68 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size39,96,000 shares (aggregating up to ₹27.17 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenFri, 30 Dec 2016
Subscription CloseFri, 06 Jan 2017
Anchor AllotmentThu, 29 Dec 2016
Basis of AllotmentThu, 12 Jan 2017
Initiation of RefundsFri, 13 Jan 2017
Credit of Shares to DematFri, 13 Jan 2017
Listing DateMon, 16 Jan 2017
UPI Mandate Deadline2017-01-06
Application & Investment Details
Retail — Min (1 Lots)₹1,36,000 — 2,000 shares
Retail — Max (13 Lots)₹1,768,000 (13 Lots)
HNI — Min (2 Lots)₹2,72,000 — 4,000 shares
Net Offer to Public37,92,000 shares (aggregating up to ₹25.79 Cr)
Reserved for Market Maker2,04,000 shares (aggregating up to ₹1.39 Cr)
Pre-IPO Promoter Holding1,08,02,600 shares
Post-IPO Promoter Holding1,47,98,600 shares
About Maheshwari Logistics Ltd.
Incorporated in 2006, Maheshwari Logistics Limited provides logistics services in India. They offers logistics services to cement, paper, and oil industries, as well as to other manufacturing industries and traders. The company is also involved is supplying non-coking coal; and manufacturing and trading of kraft paper.Based in in Valsad, India, Maheshwari Logistics primarily offer full truck load fright services to large and medium size companies mainly across the state of Gujrat and Rajasthan. They also extend their logistic arms in state of Maharashtra and Madhya Pradesh. They use their own truck as well as hire third party transportation services for carrying out logistics operations.
Objects of the Issue
Maheshwari Logistics Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Working Capital Requirement
20.42
2
2 General corporate purposes
5.00
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,08,02,600 shares
Post-IPO Promoter Holding
1,47,98,600 shares