Mumbai, October 24, 2017 (GPN) : Mahindra Logistics Limited (the “Company“) proposes to open on Tuesday, October 31, 2017, an initial public offering of up to 19,332,346  Equity Shares of face value of Rs. 10 each (the “Equity Shares”) of the Company for cash within a Price Band of Rs. 425 per Equity Share to Rs. 429 per Equity Share through an Offer for Sale of (I) up to 9,666,173 Equity Shares by Mahindra & Mahindra Limited (the Promoter); (II) up to 9,271,180 Equity Shares by Normandy Holdings Limited; and (III) up to 394,993 Equity Shares by Kedaara Capital Alternative Investment Fund – Kedaara Capital AIF 1, (the “Offer for Sale” or the “Offer” and such Shareholders offering their respective Equity Shares in the Offer for Sale are collectively hereinafter referred to as the “Selling Shareholders” and individually as a “Selling Shareholder”). The Offer includes a reservation of up to 125,000 Equity Shares for subscription by Eligible Employees (as defined in the RHP) (the “Employee Reservation Portion”). The Offer less the Employee Reservation Portion is hereinafter referred to as the “Net Offer” and such Net Offer aggregates up to 19,207,346 Equity Shares. The Offer and the Net Offer shall constitute 27.17% and 27.00%, respectively, of the post-Offer paid-up Equity Share capital of the Company. The Offer includes a discount of Rs. 42 per equity share on the Offer Price to Eligible Employees (the “Employee Discount”).

Bids can be made for a minimum of 34 Equity Shares and in multiples of 34 Equity Shares thereafter. The Company and the Selling Shareholders, in consultation with the BRLMs, may consider participation by Anchor Investors, in accordance with the SEBI ICDR Regulations. The Anchor Investor Bidding Date shall be one Working Day prior to the Bid/Offer Opening Date; i.e., October 30, 2017. The Offer will close on Thursday, November 2, 2017.

The BRLMs to the Offer are Kotak Mahindra Capital Company Limited and Axis Capital Limited.

The Equity Shares proposed to be issued through the RHP are proposed to be listed on BSE and NSE.

The Offer is being made through the Book Building Process and in compliance with Regulation 26(1) of the SEBI ICDR Regulations, wherein not more than 50% of the Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (the “QIB Category”), provided that the Company and the Selling Shareholders, in consultation with the BRLMs, may allocate up to 60% of the QIB Category to Anchor Investors, on a discretionary basis (the “Anchor Investor Portion”), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the price at which allocation is made to Anchor Investors. Further, 5% of the QIB Category (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only. The remainder of the QIB Category shall be available for allocation on a proportionate basis to QIBs, subject to valid Bids being received from them at or above the Offer Price. Further, not less than 15% of the Net Offer will be available for allocation on a proportionate basis to Non-Institutional Investors and not less than 35% of the Net Offer will be available for allocation to Retail Individual Investors, in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. All Bidders (except Anchor Investors) shall mandatorily participate in this Offer only through the Application Supported by Blocked Amount (“ASBA”) process, and shall provide details of their respective bank account in which the Bid amount will be blocked by the SCSBs. Anchor Investors are not permitted to participate in the Anchor Investor Portion through the ASBA process. For details, see “Offer Procedure” on page 318 of the RHP.ENDS

The RHP is available on the website of the SEBI at www.sebi.gov.in as well as on the websites of the book running lead managers, Kotak Mahindra Capital Company Limited and Axis Capital Limited, respectively.

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