Mahindra Logistics To Raise ₹749.26 Crore Through Rights Issue
By Ankur Chandra | Published at: Jul 17, 2025 03:04 PM IST
Mumbai, July 17, 2025 – Mahindra Logistics Ltd (NSE: MAHLOG, BSE: 540768) has finalised the terms for its upcoming ₹749.26 crore rights issue following board approval today. The issue aims to raise fresh equity capital by offering fully paid-up shares to eligible existing shareholders.
Key Terms of the Rights Issue
| Particulars | Details |
|---|---|
| Issue Size | ₹749.26 crore (assuming full subscription) |
| Total Shares Offered | 2,70,49,301 fully paid-up equity shares |
| Face Value per Share | ₹10 |
| Issue Price per Share | ₹277 (including ₹267 premium) |
| Rights Entitlement Ratio | 3:8 (3 equity shares for every 8 held) |
| Record Date | Wednesday, July 23, 2025 |
| ISIN for Rights Entitlement | INE766P20016 |
The issue price of ₹277 per share is payable in full at the time of application.
Rights Issue Timeline
| Event | Date |
|---|---|
| Issue Opens | Thursday, July 31, 2025 |
| Last Date for On-Market Renunciation | Monday, August 11, 2025 |
| Last Date for Off-Market Renunciation | Wednesday, August 13, 2025 |
| Issue Closes | Thursday, August 14, 2025* |
*The Board/Committee may extend the closing date, provided the issue duration does not exceed 30 days from the opening.
Capital Structure: Before and After Issue
| Particulars | No. of Shares |
|---|---|
| Pre-Issue Paid-Up Equity Shares | 7,21,31,470 |
| Post-Issue Paid-Up Equity Shares* | 9,91,80,771 |
*Assuming full subscription to the rights issue.
Stock Performance Snapshot (as on July 17, 2025, 11:45 AM IST)
| Particulars | Value |
|---|---|
| Current Market Price | ₹403.00 ▲ 3.40% |
| Previous Close | ₹389.75 |
| Day’s Range (Low/High) | ₹390.00 – ₹407.40 |
| 52-Week High | ₹549.00 (29 Jul 2024) |
| 52-Week Low | ₹238.20 (4 Mar 2025) |
| Total Market Cap | ₹2,883.46 crore |
| Free Float Market Cap | ₹1,198.90 crore |
| VWAP | ₹396.31 |
| Deliverable % | 73.39% |
| P/E Ratio (Adjusted) | NA |
| EPS | Zero (Loss-making for last 8 quarters) |
The stock gained ₹9.55 in early trade, possibly reflecting investor optimism following the announcement of the rights issue.
Shareholder Participation
Eligible equity shareholders as of the record date will receive Rights Entitlements (REs), which will be credited to their demat accounts. REs can be used to apply for the shares or renounced either on-market or off-market. Any unutilized REs after issue closure will lapse without further allotment.
The full details of the rights issue, including application procedure, renunciation process, and FAQs, are available on the company’s website at: mahindralogistics.com/investor-relations/rights-issue-2025.
About the Company
Mahindra Logistics Limited is a listed integrated logistics and mobility solutions provider, part of the Mahindra Group. The company offers supply chain services across multiple verticals, including automotive, consumer goods, e-commerce, and pharmaceuticals. Its equity shares are listed on the BSE and NSE.
REF: https://nsearchives.nseindia.com/corporate/MAHLOG24_17072025101421_SEIntimationPostBM17Jul2025Fsigned.pdf
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