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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) 20.52
2 Industrial and Commercial Bank of China (ICBC) 14.01
3 China Merchants Bank Co 12.91
4 China Merchants Securities Co 9.91
5 Agricultural Bank of China (ABC) 6.01

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Rank Lead Manager Amount $b No of issues Share %
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For detailed analysis: Dealogic
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1 Goldman Sachs 11.53 52 7.04%
2 CITIC Securities 11.10 63 6.78%
3 Morgan Stanley 9.43 59 5.76%
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5 China International Capital Corp Ltd 9.33 55 5.70%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

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1 HSBC 29.05 254 8.38%
2 Citi 23.50 164 6.78%
3 JPMorgan 16.20 118 4.67%
4 Standard Chartered Bank 15.88 160 4.58%
5 Bank of America Merrill Lynch 12.50 94 3.61%

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