Mandeep Auto Industries Ltd
Price Range
₹67
Min. Quantity
2,000
Closes on
15 May 2024
Min. investment
₹1,34,000/2,000 Shares
Mandeep Auto Industries Ltd IPO Timeline
Mandeep Auto Industries Limited was incorporated on April 19, 2023, as a Public Limited Company, vide Certificate of Incorporation issued for and on behalf of the Jurisdictional Registrar of Companies by the Registrar of Companies, Central Registration Centre. In the year 2000, Mr. Gurpal Singh Bedi laid the foundation for a sheet metal component manufacturing unit in Faridabad, Haryana, under his Sole Proprietorship M/s Mandeep Industries. Thereafter, he ventured into the automobile component manufacturing segment and during 2010-15, added area 3 Line with Gear hobbling and CNC system to the existing manufacturing unit.
| Event | Date |
|---|---|
| Mandeep Auto Industries Ltd IPO Opening Date | 13 May 2024 |
| Mandeep Auto Industries Ltd IPO Closing Date | 15 May 2024 |
| Basis of Allotment | 16 May 2024 |
| Initiation of Refunds | 17 May 2024 |
| Credit of Shares to Demat | 17 May 2024 |
| Mandeep Auto Industries Ltd IPO Listing Date | 21 May 2024 |
Mandeep Auto Industries Ltd IPO Details
| Mandeep Auto Industries Ltd IPO Date | 13 May 2024 to 15 May 2024 |
| Mandeep Auto Industries Ltd IPO Face Value | ₹10 per share |
| Mandeep Auto Industries Ltd IPO Price | ₹67 to ₹0 per share |
| Mandeep Auto Industries Ltd IPO Lot Size | 2,000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹25.25 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹25.25 Cr) |
| Offer for Sale | - |
| Issue Type | Fixed Price - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Gurpal Singh Bedi, Nidhi Bedi, Rajveer Bedi |
Mandeep Auto Industries Ltd IPO Lot Size
The Mandeep Auto Industries Ltd IPO lot size is 2,000 shares. A retail-individual investor can apply for up to 1 lots (2,000 shares or ₹1,34,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 2,000 | ₹1,34,000 |
| Maximum | 1 | 2,000 | ₹1,34,000 |
- Strengths
- Risks
- Opportunities
- Experienced Promoters and Management Team.
- Wide range of Products.
- Long-standing relationship with clients and suppliers.
- Quality standards.
- Legacy Business Process & Management.
- Strong and experienced R&D team.
Company Financials
Mandeep Auto Industries Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 24.45 | 24.84 | 2.13 |
| 12-2023 | 24.25 | 16.57 | 2.15 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Expansion of the existing Mfg facility plot # 26 Nangla
- Repayment/prepayment of certain borrowings availed by the company
- Funding working capital requirements
- General corporate purposes
Mandeep Auto Industries Ltd IPO Promoter Holding
| Pre Issue Share Holding | 99.94% |
| Post Issue Share Holding | 63.51% |
Mandeep Auto Industries Ltd IPO Subscription Status (Bidding Detail)
The Mandeep Auto Industries Ltd IPO is subscribed 72.2718 times on 15 May 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 72.2718 |
Mandeep Auto Industries Ltd IPO Prospectus
Mandeep Auto Industries Ltd IPO Listing Date
| Listing Date | 21 May 2024 |
| BSE Script | 92589 |
| NSE Symbol | MANDEEP |
| Listing In | NSE - SME |
| ISIN | INE0R3T01013 |
| IPO Price | ₹67 |
| Face Value | ₹10 |
Company Contact Information
Plot No 26Nangla,Faridabad-121001
Phone: +91-129-2440 045
Email: info@mandeepautoindustries.com
Website: www.mandeepautoindustries.com
Mandeep Auto Industries Ltd IPO Registrar
Mandeep Auto Industries Ltd IPO Lead Manager(s)
- Jawa Capital Services Pvt Ltd
FAQ
What is the issue size of Mandeep Auto Industries Ltd IPO?
I have pre-applied for Mandeep Auto Industries Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.