In a candid address, Mahindra described the initiative as a ‘management experiment’ — a deliberate attempt to explore how large business groups could embrace and drive the entrepreneurial spirit
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During its subscription phase, the IPO received a total subscription of more than twelve times
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The firm registered revenue of Rs 109.43 crore in FY24, compared to Rs 92.97 crore in FY23
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The IPO opened on 6 August and closed on 8 August. The allotment is scheduled on 9 August. Subsequently, the IPO will list on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on 13 August
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Kotak Mahindra Capital Company, Citigroup Global Markets India, BofA Securities India, Goldman Sachs (India) Securities, Axis Capital, ICICI Securities, SBI Capital Markets, and BOB Capital Markets are the book running lead managers and Link Intime India is the registrar to the offer
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