Mahindra Holidays IPO Subscription soon

Mahindra Holidays & Resorts India, (MHRIL) IPO will be out for subscription soon as it receives the approval from the SEBI. The company has recently filed its DRHP with SEBI for Mahindra Holidays IPO for an estimated 1 crore equity shares at a price to be decided after. Mahindra Holidays and Resorts India (MHRIL) is promoted by Mahindra Group of companies and is India’s leading leisure hospitality provider offering quality family tours and holidays.

Mahindra Holidays IPO funds will be used for setting up of new projects Pondicherry, Kumbalgarh Kadambakkam (Tamil Nadu) and various other places apart from financing the expansion needs for various existing resorts. The company’s main brand is Club Mahindra Holidays through which the members can enjoy holidays at any of the company’s 19 resorts for seven days every year for 25 years.

Book running lead manager to Mahindra Holidays and Resorts IPO is Kotak Mahindra Capital and HSBC Securities and Capital Markets India Limited. Mahindra Holidays and Resorts IPO is planned to be listed on the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE). More updates and information regarding the Mahindra Holidays IPO Subscription and analysis and review of the Mahindra Holidays IPO will be posted soon.