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Subscribe to Mahindra Logistics IPO -
Subscribe to Mahindra Logistics IPO
Hem Securities | Published: 31 Oct, 2017  | Source :

Co is  one of India’s largest 3PL solutions providers in the Indian logistics industry which was estimated at ₹6.40 trillion in Fiscal 2017, according to the CRISIL Report.  Co  operate in two distinct business segments, SCM and PTS.  In SCM Business, co offer  customized  and end-to-end  logistics  solutions  and  services  including  transportation  and  distribution,  warehousing, in-factory  logistics  and  value added  services  to  its  clients.  In PTS business,  co  provide technology-enabled people transportation solutions and services across India to over 100 domestic and multinational companies operating in the IT, ITeS, business process  outsourcing,  financial  services,  consulting  and  manufacturing industries.


Co is bringing the issue at price band of Rs 425-429/share on post issue  annualized  Q1FY18  eps  at  p/e  multiple  of  50.Co  being  the Mahindra brand, operates an “asset-light” business model  has presence across diverse industry verticals with long-standing client relationships. However  on  valuation  front  issue  looks  bit  expensive. Hence ,we recommend " Subscribe" on issue for long term.


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