Bajaj Electricals Limited is engaged in engineering and projects; power distribution, illumination and consumer durables businesses.It has a range of domestic and kitchen appliances comprising water heaters, room heaters, coolers, irons, mixers, induction cookers, toasters, kettles, microwave, rice cookers, gas stoves, non-electrical kitchen aids and pressure cookers.It offers ceiling, table, pedestal, wall, fresh air and industrial fans, and lighting solutions, such as light sources, light emitting diode-based lighting products, domestic luminaires, torches and lanterns.

Key Highlights of Company Business

Segments and ProductsThe Company's business segments consist of Lighting; Consumer Durables; Engineering & Projects, The Lighting segment includes lamps, tubes and luminaries.The Consumer Durables segment includes appliances and fans.The Engineering & Projects segment includes transmission line towers, telecommunications towers, highmast, poles and special projects.The Others segment includes diecasting and wind energy.

Mahindra Logistics IPO Date, Prospectus, Allotment, GMP Details

Mahindra Logistics IPO is set to open for subscription on October 31 and close on November 2, with a price band of Rs 425-429 per share. The Mahindra Logistics subsidiary of the diversified conglomerate Mahindra & Mahindra had reported a profit after tax of Rs 60 crore for 2016-17.

Mahindra Logistics IPO Detail:

Issue Open: Oct 31, 2017 – Nov 2, 2017
Issue Type: Book Built Issue IPO
Issue Size: 19,332,346 Equity Shares of Rs 10 aggregating up to Rs 829.36 Cr
› Offer for Sale of 19,332,346 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
Face Value: Rs 10 Per Equity Share
Issue Price: Rs 425 – Rs 429 Per Equity Share
Market Lot per application: 34 Shares
Minimum Order Quantity: 34 Shares
Listing At: BSE, NSE Exchanges

The objects of the Offer is to achieve the benefits of listing the Equity Shares on the Stock Exchanges. The book running lead managers to the issue are Kotak Mahindra Capital Company and Axis Capital.

Mahindra Logistics company provides logistics solutions, warehousing facilities, freight forwarding and supply chain management services. It also provides people transport solutions, a specialised line of business which helps corporate clients move employees to and from the workplace.

Strengths of Company ( Mahindra Logistics )

1.) Customized, technology driven Integrated, end-to-end logistics solutions.

2.) Support from parent Mahindra Group.

3.) Presence across diverse industry verticals.

5.) Experienced management team with strong domain expertise.

Reasons to invest in Mahindra Logistics IPO

It posted strong revenue growth of 17% CAGR in the last 3 years.

Ricks and Concerns highlighted by Brokerage Houses in Mahindra Logistics IPO

1) Low operating margin -> 1.7% to 2.1% in the last 3 years.

2) Significant dependence on automotive industry clients.

3) High risk of client concentration due to low amount client numbers.

4) They operate in a highly fragmented and competitive industry.