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Mahindra & Mahindra seeks IPO of logistics arm

Indian multinational automobile conglomerate Mahindra & Mahindra is planning to sell a chunk of its logistics subsidiary in an IPO, according to a filing on Thursday.

  • By Jonathan Breen
  • 04 Aug 2017
Mahindra Logistics will be listed through an offer for sale of 19.3m secondary shares, or 27.5% of its share capital. The parent will provide 9.6m shares for the offer, while 9.3m will come from Normandy Holdings, and private equity firm Kedaara Capital will put up the remaining 394,993 ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
Excludes PPs. Click for full table
1 Bank of China (BOC) 23.98
2 China Merchants Securities Co 16.10
3 Industrial and Commercial Bank of China (ICBC) 13.41
4 Agricultural Bank of China (ABC) 9.76
5 China Securities 8.13

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 CITIC Securities 8,322.47 36 8.67%
2 Goldman Sachs 7,626.77 29 7.94%
3 China International Capital Corp Ltd 5,848.43 34 6.09%
4 Morgan Stanley 5,453.18 37 5.68%
5 UBS 5,300.06 38 5.52%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
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1 HSBC 16,535.56 146 8.19%
2 Citi 11,568.29 94 5.73%
3 JPMorgan 11,150.73 75 5.52%
4 Standard Chartered Bank 7,774.81 79 3.85%
5 Bank of America Merrill Lynch 7,143.11 58 3.54%

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