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Mandeep Auto Industries IPO is a fixed price issue of Rs 25.25 crores. The issue is entirely a fresh issue of 37.68 lakh shares.
Mandeep Auto Industries IPO bidding started from May 13, 2024 and ended on May 15, 2024. The allotment for Mandeep Auto Industries IPO was finalized on Thursday, May 16, 2024. The shares got listed on NSE SME on May 21, 2024.
Mandeep Auto Industries IPO price is ₹67 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹134,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹268,000.
Jawa Capital Services Private Limited is the book running lead manager of the Mandeep Auto Industries IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for Mandeep Auto Industries IPO is Aftertrade Broking.
Refer to Mandeep Auto Industries IPO RHP for detailed information.
| IPO Date | May 13, 2024 to May 15, 2024 |
| Listing Date | May 21, 2024 |
| Face Value | ₹10 per share |
| Price | ₹67 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,768,000 shares (aggregating up to ₹25.25 Cr) |
| Fresh Issue | 3,768,000 shares (aggregating up to ₹25.25 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 6,569,894 |
| Share holding post issue | 10,337,894 |
| Market Maker portion | 190,000 shares Aftertrade Broking |
Mandeep Auto Industries IPO offers 3,768,000 shares. 1,789,000 (47.48%) to NII, 1,789,000 (47.48%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 190,000 (5.04%) |
| Other Shares Offered | 1,789,000 (47.48%) |
| Retail Shares Offered | 1,789,000 (47.48%) |
| Total Shares Offered | 3,768,000 (100%) |
Mandeep Auto Industries IPO opens on May 13, 2024, and closes on May 15, 2024.
| IPO Open Date | Monday, May 13, 2024 |
| IPO Close Date | Wednesday, May 15, 2024 |
| Basis of Allotment | Thursday, May 16, 2024 |
| Initiation of Refunds | Friday, May 17, 2024 |
| Credit of Shares to Demat | Friday, May 17, 2024 |
| Listing Date | Tuesday, May 21, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 15, 2024 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹134,000 |
| Retail (Max) | 1 | 2000 | ₹134,000 |
| HNI (Min) | 2 | 4,000 | ₹268,000 |
| Lot Size Calculator | |||
The Promoters of the company are Mr. Gurpal Singh Bedi, Mrs. Nidhi Bedi and Mr. Rajveer Bedi
| Share Holding Pre Issue | 99.97% |
| Share Holding Post Issue | 63.53% |
Incorporated in 2000, 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's revenue increased by 36.03% and profit after tax (PAT) rose by 62.17% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,424.73 | 1,963.15 | 1,297.81 | 1,050.17 |
| Revenue | 1,656.76 | 2,978.74 | 2,189.73 | 1,563.49 |
| Profit After Tax | 214.93 | 104.91 | 64.69 | 49.81 |
| Net Worth | 820.80 | 453.54 | 413.61 | 280.42 |
| Reserves and Surplus | 163.81 | |||
| Amount in ₹ Lakhs | ||||
The market capitalization of Mandeep Auto Industries IPO is Rs 69.26 Cr.
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| ROE | 30.15% |
| ROCE | 27.94% |
| Debt/Equity | 1 |
| RoNW | 25.97% |
| P/BV | 5.36 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.6 | 2.77 |
| P/E (x) | 10.15 | 21.97 |
The objects of the present issue of Equity Shares are:
[Dilip Davda] The company is in the business of specialized auto component and enjoys preferred partner tag from two wheeler industry. It marked steady growth in its top and bottom lines. It is expanding its capacities to meet the rising demand. Based on FY24 annualized earnings, the issue is fully priced. Investors may park funds for the medium to long term rewards. Read detail review...
The Mandeep Auto Industries IPO is subscribed 77.23 times on May 15, 2024 6:19:58 PM. The public issue subscribed 90.57 times in the retail category, times in the QIB category, and 61.54 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 61.54 |
| Retail | 90.57 |
| Total | 77.23 |
Total Application : 81,018 (205.11 times)
Note: December 31, 2023 financial data is from July to December (six months).
| Listing Date | May 21, 2024 |
| BSE Script Code | |
| NSE Symbol | MANDEEP |
| ISIN | INE0R3T01013 |
| Final Issue Price | ₹67 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹67.00 |
| ₹62.25 |
| ₹59.15 |
| ₹65.35 |
| ₹65.35 |
Mandeep Auto Industries Limited
Plot No 26,
Nangla
Faridabad-121001
Phone: +91-129-2440045
Email: info@mandeepautoindustries.com
Website: https://www.mandeepautoindustries.com/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
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Mandeep Auto Industries IPO is a SME IPO of 3,768,000 equity shares of the face value of ₹10 aggregating up to ₹25.25 Crores. The issue is priced at ₹67 per 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.
Zerodha customers can apply online in Mandeep Auto Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Mandeep Auto Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Mandeep Auto Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Mandeep Auto Industries IPO opens on May 13, 2024 and closes on May 15, 2024.
Mandeep Auto Industries IPO lot size is 2000 Shares, and the minimum amount required is ₹134,000.
You can apply in Mandeep Auto Industries IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Mandeep Auto Industries IPO will be done on Thursday, May 16, 2024, and the allotted shares will be credited to your demat account by Friday, May 17, 2024. Check the Mandeep Auto Industries IPO allotment status.
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