Mandeep Auto Industries Limited IPO

NSE SME

Listed On: May 21, 2024 at ₹ 62.25

₹ 134000 /2000 Shares

Check Allotment

Mandeep Auto Industries Limited IPO Details

13 May, 2024

Open Date

15 May, 2024

Close Date

16 May, 2024

Allotment Date

21 May, 2024

Listing Date

Issue Price

₹67 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Cameo Corporate Services Limited

List Price

62.25

Listing Date

2024-05-21

Market Lot

2000 Shares (₹134,000/-)

Lead Manager

Jawa Capital Services Private Limited

Issue Size

3,768,000 shares(aggregating up to ₹25.25 Cr)

Retail Portion

50%

Subscription

76.09 times

IPO Docs

DRHP

Mandeep Auto Industries Limited IPO Subscription Details

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	1,789,000	1,789,000	3,578,000
Day 1 - 13-05-24 06:00 PM	0.26 x	1.57 x	0.92 x
Day 2 - 14-05-24 06:00 PM	3.02 x	12.84 x	7.94 x
Day 3 - 15-05-24 06:00 PM	61.64 x	90.54 x	76.09 x

Total No. of Applications: 72,024 (Approx)

Mandeep Auto Industries Limited Valuations

EPS Pre IPO

₹1.6/-

EPS Post IPO

₹1.3/-

P/E Pre IPO

41.96

P/E Post IPO

51.64

RoNW

25.97%

Mandeep Auto Industries Limited Company Financials All values are in ₹ Lakh

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	1,963.15	1,297.81	1,050.17
Revenue	2,978.74	2,189.73	1,563.49
Profit After Tax	104.91	64.69	49.81

About The Company

Mandeep Auto Industries Limited is involved in the manufacturing and supply of various products like sheet metal components, auto parts, sprocket gears, and machined components. These products have applications in a diverse range of industries such as automobiles, tractors, material handling and earth moving equipment, railways, defense, machine tools, and even the DIY industry.

The company is supported by experienced professionals specialising in Press and Machining Components. Additionally, it holds both ISO 14001:2015 and ISO 9001:2015 certifications.

The company's client list includes both domestic and global OEMs in the automobile sector. Some of the prominent clients are M/s J.L Auto Parts Pvt. Ltd. (Faridabad, Haryana), M/s Tube Investments of India Limited (Chennai, Tamil Nadu), M/s Rockman Industries Limited (Saket, New Delhi), M/s Manvi Automobiles (Faridabad, Haryana), and M/s Jain Industrial Products Private Limited (Hissar, Haryana).).

As of November 2023, the company employs 54 people and has 15 contract labourers.

Mandeep Auto Industries Limited - Promoter(s)

Pre Issue Share Holding: 99.97%

Post Issue Share Holding: 63.53%

Company Promoter(s)

Mr. Gurpal Singh Bedi
Mrs. Nidhi Bedi
Mr. Rajveer Bedi

Mandeep Auto Industries Limited IPO - Issue Objectives

Expansion of the existing Manufacturing Facility located at Plot No 26, Nangla, Faridabad Haryana - 121001 by construction of the building on the land adjacent to the existing manufacturing unit, purchase of equipment/machineries, etc.
Repayment/prepayment of certain borrowings availed by the Company
Funding working capital requirements; and d. General Corporate Purpose

Other Details

Company Contact Details

Mandeep Auto Industries Limited

Plot No 26,Nangla Faridabad-121001

Phone: +91-129-2440045

Email: info@mandeepautoindustries.com

Website: https://www.mandeepautoindustries.com/

Registrar Contact Details

Cameo Corporate Services Limited

Phone: +91-44-28460390

Email: priya@cameoindia.com

Website: https://ipo.cameoindia.com/

Mandeep Auto Industries Limited IPO - FAQs

Ans. Mandeep Auto Industries Limited IPO is a SME IPO. The issue is priced at ₹67 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on May 13, 2024, and closes on May 15, 2024. Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Mandeep Auto Industries Limited IPO opens on May 13, 2024 and closes on May 15, 2024.

Ans. The size of Mandeep Auto Industries Limited IPO is 3,768,000 shares(aggregating up to ₹25.25 Cr).

Ans. The IPO price band is set between ₹67 per equity share.

Ans. To apply for Mandeep Auto Industries Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Mandeep Auto Industries Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Mandeep Auto Industries Limited IPO is May 16, 2024.

Ans. The Mandeep Auto Industries Limited IPO will be listed on May 21, 2024.

Ans. Follow the steps to check the allotment status for Mandeep Auto Industries Limited IPO here.