Mahindra Logistics, the subsidiary of Mahindra and Mahindra, initial public offering (IPO) opens for subscription today on October 31 and will close on November 2.

The price band is fixed at Rs.425-429 per share. Bids can be made of minimum 34 equity shares and in multiples of 34 shares thereafter.

It is expected to raise Rs 829.36 crore at upper end of the price band.  Kotak Mahindra Capital Company and Axis Capital are the book running lead managers to the issue.

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