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Mahindra Holidays and Resorts IPO Allotment status is ready and can be seen here .
Mahindra holidays IPO allotment status.
Mahindra Holidays and Resorts India Limited IPO which closed on Friday june 26th 2009 , The IPO dint get subscribed until the last day finally got subscribed by fully subscribed on its closing day, The issue got totally subscribed by 9.8 times.
Issue Subscription Details
Total Issue Size : 9265275
Total Bids Received : 90833800
Total Bids Received at Cut-off Price : 8469720
No. of times issue is subscribed : 9.80
Bid Details
> Qualified Institutional Buyers (QIBs) : 12.8262
> Non Institutional Investors : 11.0060
> Retail Individual Investors (RIIs) : 3.3578
Mahindra Holiday and Resorts IPO opens today see here for further details
MAHINDRA HOLIDAYS & RESORTS INDIA LIMITED Details Symbol – Series NSE – MHRIL EQ , BSEINDIA - Issue Period June 23, 2009 to June 26, 2009 Issue Size 92,65,275 EQUITY SHARES Issue Type 100% Book Building Face Value Rs. 10/- Price Range Rs. 275 To Rs. 325. Tick Size Re. 1/- Market Lot 20 Equity Shares Minimum Order Quantity 20 Equity Shares Maximum Subscription Amount for Retail Investor Rs.100000 IPO Market Timings 10.00 a.m. to 5.00 p.m. IPO Grading Fitch IPO Grade 4(ind) Book Running Lead Manager Kotak Mahindra Capital Company Limited,
HSBC Securities and Capital Markets (India)
Private Limited & SBI Capital Markets LimitedSyndicate Member Kotak Securities Limited & SBICAP Securities
LimitedCategories FI, IC, VC, MF, FII, FVCI, SIDC, PF,
PEF, MLA, BDFI, NIF, CO, IND, HUF, NRI ,
and OTHName of the registrar Karvy Computershare Private Limited Address of the registrar Plot No. 17 to 24, Vithalrao Nagar, Madhapur,
Hyderabad 500 081.Contact person name number and Email id Mr. M. Murali krishna, Tel: (91 40) 2342 0815-20
Fax: (91 40) 2342 0814,
E-mail: einward.ris@karvy.com
Mahindra Holidays and Resorts India (MHRIL), one of the leading leisure hospitality providers in India is coming out with an IPO of 92,65,275 equity shares of Rs 10 each for cash at a price to be decided through a 100% book-building process.
Issue Details
>IPO will open on June 23, 2009, and close on June 26, 2009.
>IPO price band is fixed at Rs 275-325 per share.
>Size of the issue will be Rs 301 crore at the upper end of the price band and Rs 255 crore at the lower end of the band.
> M&M (Mahindra and Mahindra) will raise Rs 90.7-123 crore from the sale of 33 lakh shares.They have hit some good high today after this news spread to market.
> Rating is 4 out of 5 IPO grading by Fitch Ratings India Private Limited.
>The proceeds from MHRIL’s proposed issue are expected to be deployed in the setting up of new projects and expansion of some of the existing resorts, to provide a larger range of resorts, and hence a wider choice of holiday destinations to members.
Mahindra & Mahindra Ltd has informed the market that the Mahindra Holidays & Resorts India Ltd (the “Company”), a leisure hospitality provider offering quality family holidays and part of the Mahindra Group of Companies, has filed its Draft Red Herring Prospectus (“DRHP”) with the Securities and Exchange Board of India (“SEBI”) for an Initial Public Offering (“IPO”) of 10,719,347 equity shares of Rs 10 each for cash at a price (“Equity Shares”) to be decided through a 100% book-building process (the “Issue”). The Issue would constitute 13.0% of the fully diluted post-issue paid-up capital of the Company.
More details to come soon.
