After opening the day in the green, stock markets in India have continued their momentum and are presently trading on a positive note. Sectoral indices are trading on a positive note with stocks in the telecom sector and consumer durables sector witnessing maximum buying interest.

The BSE Sensex is trading up 153 points (up 0.5%) and the NSE Nifty is trading up 49 points (up 0.5%). The BSE Mid Cap index is trading up by 1.2%, while the BSE Small Cap index is trading up by 1.1%. The rupee is trading at 64.93 to the US dollar.

In the news from the IPO space, Mahindra Logistics, the subsidiary of Mahindra & Mahindra, is scheduled to open its initial public offering tomorrow.

The company has set the price band of Rs 425 to 429 per share. The minimum lot size for subscription is 34 shares. The issue will remain open from October 31 to November 2, 2017.

Mahindra Logistics is one of India’s largest 3PL (third-party logistics) solutions providers in the Indian logistics industry which was estimated at Rs 6.4 trillion in Fiscal 2017, according to the CRISIL Report.

The company follows an asset-light business model in which assets necessary for its operations such as vehicles and warehouses are owned or provided by a large network of business partners. The technology enabled asset-light business model allows for scalability of services as well as the flexibility to develop and offer customized logistics solutions across a diverse set of industries.

Is the company leaving enough money on the table for investors? We recently released our IPO note for the above IPO. You can access the same in our IPO section.

Apart from the above two more companies viz. Khadim India Ltd and India’s state-run New India Assurance Co. Ltd are set to come up with their IPO this week.

We’ll shortly release our IPO notes for the above two IPOs. Stay tuned…

Speaking of IPOs, 2017 is set to be a record year for initial public offerings. However, is it worth investing in IPOs?

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