Mandeep Auto Industries IPO: Date, Review, GMP Price & Allotment Details

IPO Date: 13-15 May

Price: ₹67
Lot Size: 2000Shares
Allotment Date: 16-May-2024
Listing Date: 21-May-2024
IPO Size: Approx ₹25.25 Crores, 3,768,000 Equity Shares

IPO GMP:- 22% or ₹15
Listing Gain 22%

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.

Mandeep Auto Industries IPO Objectives:

The objects of the present issue of Equity Shares are:

  1. 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.
  2. Repayment/prepayment of certain borrowings availed by the Company;
  3. 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.

ApplicationLot SizeSharesAmount
Retail Minimum12000₹134,000
Retail Maximum12000₹134,000
S-HNI Minimum24000₹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
YearRevenueExpensePAT
2021₹1563.49₹1437.72₹49.81
20222189.73₹2045.61₹64.69
20232978.74₹2757.81₹104.91
Aug 2023510.27₹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/

IPO Date: 13-15 May

Price: ₹67
Lot Size: 2000Shares
Allotment Date: 16-May-2024
Listing Date: 21-May-2024
IPO Size: Approx ₹25.25 Crores, 3,768,000 Equity Shares

IPO GMP:- 22% or ₹15
Listing Gain 22%

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Lot Size: 1600 Shares
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24 Jan - 28 Jan- 2025

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23 Jan - 27 Jan- 2025

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