Mandeep Auto Industries IPO Details: Mandeep Auto Industries has set the stage for a significant event with the announcement of its IPO dates. Scheduled to open on May 13th and conclude on May 15th, this NSE SME IPO aims to raise ₹25.25 crores. Investors can participate in the Mandeep Auto Industries IPO at a price band of ₹67 per share, with a market lot comprising 2000 shares.
Currently, Mandeep Auto Industries specializes in manufacturing and supplying sheet metal components, auto parts, and various types of sprocket gears and machined components. These products cater to diverse industries including tractors, automobiles, and material handling equipment.
Their manufacturing facilities are equipped with advanced technologies to ensure the production of high-quality products that meet strict quality control standards. Additionally, they offer customized components tailored to meet specific customer requirements, delivered with precision and efficiency.
The company’s commitment to innovation is evident in their continuous efforts to expand their product portfolio through the development of new designs. Building on long-standing relationships with customers, Mandeep Auto Industries prioritizes personalized services and regular engagement to understand evolving market trends and customer needs. This proactive approach enables them to constantly improve their products and stay ahead in the industry.
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ToggleMandeep Auto Industries IPO Objectives:
The objects of the present issue of Equity Shares are:
- 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
Mandeep Auto Industries IPO Review (Apply or Not)
- May Apply
Mandeep Auto Industries IPO Date & Price Band Details:
IPO Open: | 13-May-2024 |
IPO Close: | 15-May-2024 |
IPO Size: | Approx ₹25.25 Crores, 3,768,000 Equity Shares |
Face Value: | ₹10 Per Equity Share |
IPO Price Band: | ₹67 Per Equity Share |
IPO Listing on: | NSE SME |
Retail Quota: | 50% of the net offer |
QIB Quota: | [.]% of the net offer |
NII Quota: | 50% of the net offer |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Anchor Investors in IPO: | Click Here |
Mandeep Auto Industries IPO Lot Size:
For those considering investing in the Mandeep Auto Industries IPO, it’s important to note that the minimum market lot consists of 2000 shares, requiring an application amount of ₹134,000.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | 2000 | ₹134,000 |
Retail Maximum | 1 | 2000 | ₹134,000 |
S-HNI Minimum | 2 | 4000 | ₹268,000 |
Mandeep Auto Industries IPO Timeline:
Save the dates! The Mandeep Auto Industries IPO is scheduled to open its doors on May 13th and will be accepting applications until May 15th. Keep an eye out for May 16th, as that’s when IPO allotments will be announced. If all goes according to plan, you can expect the IPO to hit the market on May 21st.
IPO Open Date: | 13-May-2024 |
IPO Close Date: | 15-May-2024 |
Basis of Allotment: | 16-May-2024 |
Refunds: | 17-May-2024 |
Credit to Demat Account: | 17-May-2024 |
IPO Listing Date: | 21-May-2024 |
Mandeep Auto Industries IPO GMP Today:
As of the latest update, the last Grey Market Premium (GMP) for the Mandeep Auto Industries SME IPO stands at ₹15. This indicates a potential trading premium of ₹15 per share in the grey market.
Taking into account the price band of ₹67.00, analysts estimate the IPO’s listing price to be approximately ₹82, which includes the cap price and today’s GMP. This projection suggests a potential gain or loss per share of around 22.39%.
Mandeep Auto Industries Company Financial Report
₹ in Crores | |||
Year | Revenue | Expense | PAT |
2021 | ₹1563.49 | ₹1437.72 | ₹49.81 |
2022 | 2189.73 | ₹2045.61 | ₹64.69 |
2023 | 2978.74 | ₹2757.81 | ₹104.91 |
Aug 2023 | 510.27 | ₹412.46 | ₹55.89 |
Mandeep Auto Industries IPO Valuation – FY2023
Check Mandeep Auto Industries IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
Earning Per Share (EPS): | ₹21.57 per Equity Share |
Price/Earning P/E Ratio: | 3.11 |
Return on Net Worth (RoNW): | 8.45% |
Net Asset Value (NAV): | ₹10.07 per Equity Share |
Peer Group
- Kranti Industries Limited
- Porwal Auto Components Limited
- Lumax Auto Technologies Limited
Company Promoters
- Mr. Gurpal Singh Bedi
- Mrs. Nidhi Bedi
- Mr. Rajveer Bedi
Mandeep Auto Industries IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
Mandeep Auto Industries IPO Allotment Status
Check Mandeep Auto Industries IPO allotment status on Cameo Corporate website URL. Click Here
Mandeep Auto Industries IPO Lead Managers aka Merchant Bankers
- Jawa Capital Services Private Limited
Company Address
Mandeep Auto Industries Limited
Plot No 26, Nangla
Faridabad-121001
Phone: +91-129-2440045
Email: info@mandeepautoindustries.com
Website: https://www.mandeepautoindustries.com/