Mandeep Auto Industries Limited IPO
Mandeep Auto Industries Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹67 per share. The stock debuted at ₹62.25. The IPO had a lot size of ₹2000 shares and a minimum investment of ₹1,34,000.
Mandeep Auto Industries Limited IPO
- IPO Dates
- May 13, 2024 – May 15, 2024
- Price band
- ₹67 per equity share
- Minimum Investment
- ₹1,34,000
- Issue size
- ₹25.25 Cr
- Lot size
- 2000
- Allotment Date
- May 16, 2024
- Listing
- May 21, 2024
- Listing At
- NSE SME
IPO timeline
-
May 13, 2024
Open Date
Completed
-
May 15, 2024
Close Date
Completed
-
May 16, 2024
Allotment Date
Completed
-
May 21, 2024
Listing Date
Completed
Mandeep Auto Industries Limited IPO Essentials
Mandeep Auto Industries Limited IPO Details
Mandeep Auto Industries Limited IPO is priced at ₹67 per share with a total issue size of 25.25 crore. The IPO has a lot size of 2000 shares and is listed on NSE SME.
- Issue price
- ₹67 per equity share
- Lot size
- 2000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 3,768,000 shares(aggregating up to ₹25.25 Cr)
- Total issue size
- 37,68,000 shares
(aggregating up to ₹25.25 crore) - Fresh issue
- 37,68,000 shares
(aggregating up to ₹25.25 crore) - Listing at
- NSE SME
- List price
- 62.25
- Listing date
- Registrar
- Cameo Corporate Services Limited
- Lead manager
-
Jawa Capital Services Private Limited
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following 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 | ₹1,34,000 |
| Retail(max) | 1 | 2000 | ₹1,34,000 |
| NII (min) | 2 | 4000 | ₹2,68,000 |
Mandeep Auto Industries Limited IPO Reservation
Mandeep Auto Industries Limited IPO reservation details show category-wise allocation of shares. Out of the total 3,768,000 shares, approximately 47.48% for retail investors, and 5.04% for market maker.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 190,000 (5.04%) | |
| Retail Shares Offered | 1,789,000 (47.48%) | |
| Total Shares Offered | 3,768,000 (100%) |
Mandeep Auto Industries Limited IPO Analytics
Mandeep Auto Industries Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Mandeep Auto Industries Limited IPO Subscription Status
Mandeep Auto Industries Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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 |
Mandeep Auto Industries Limited Valuations
Earnings
- EPS Pre IPO
- ₹1.6/-
- EPS Post IPO
- ₹1.3/-
- P/E Pre IPO
- 41.96
- P/E Post IPO
- 51.64
Returns
- ROE
- 30.15%
- ROCE
- 27.94%
- RoNW
- 25.97%
Fundamentals
- Debt / Equity
- 1.00
- Price / Book
- 5.36
Mandeep Auto Industries Limited Financials( In Lakhs)
| 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 |
Mandeep Auto Industries Limited Company & Offer Insights
About Mandeep Auto Industries Limited
Established in 2000, Mandeep Auto Industries Limited is engaged in the manufacturing and supply of different products such as sheet metal components, auto parts, sprocket gears, and machined components. The material finds its usage in various industries, such as automobiles, tractors, material handling, and earth moving equipment, railways, defense, and machine tools, among others even in the DIY sector.
The company is supported by experienced professionals specialising in Press and Machining Components. Moreover, it holds both ISO 14001:2015 and ISO 9001:2015 certifications.
Domestic and global automobile sector OEMs are the company's clients. Some of the major clients include 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).
The company has 54 employees and 15 contract labourers as of November 2023.
Mandeep Auto Industries Limited Promoter(s)
Mr. Gurpal Singh Bedi, Mrs. Nidhi Bedi, Mr. Rajveer Bedi are the company's promoters of Mandeep Auto Industries Limited.
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
Mandeep Auto Industries Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Mandeep Auto Industries Limited | 6.6 | 6.6 | N/A | 10.15 | 26.19 | N/A | Standalone |
| Kranti Industries Ltd | 1.95 | 1.95 | N/A | 38.39 | 8.49 | N/A | Standalone |
| Porwal Auto Components Ltd. | -0.68 | -0.68 | N/A | -96.59 | -1.75 | N/A | Standalone |
| Lumax Auto Technologies Ltd. | 10.79 | 10.79 | N/A | 44.24 | 12.62 | N/A | Standalone |
Notes:
- The P/E Ratio has been computed based on the closing market price of equity shares on BSE on November 17, 2023, divided by the Basic EPS as of March 31, 2023.
- Return on Net Worth (%) = net profit after tax divided by net worth. Net worth has been computed as the aggregate of share capital and reserves and surplus/Other Equity as of March 31, 2023.
- NAV is computed as the closing net worth as of March 31, 2023, divided by the outstanding number of equity shares as of March 31, 2023, except for Lumax Auto Technologies Limited, where the weighted average number of Equity Shares has been considered for the purpose of computation of NAV.
Contact Information
Contact Details
Mandeep Auto Industries Limited
+91-129-2440045
info@mandeepautoindustries.com
https://www.mandeepautoindustries.com/
Plot No 26,Nangla Faridabad-121001
Registrar Contact Details
Frequently Asked Questions
Click any question to reveal the answer
Mandeep Auto Industries Limited IPO is a Fixed Priced IPO worth ₹25.25 crore. The issue price is ₹67 per share (fixed price). The IPO opens on May 13, 2024 and closes on May 15, 2024. It will be listed on NSE SME Platform. Cameo Corporate Services Limited is the registrar.
The issue price of Mandeep Auto Industries Limited IPO is ₹67 per share (fixed price).
The lot size of Mandeep Auto Industries Limited IPO is 2000 shares.
The minimum investment for Mandeep Auto Industries Limited IPO is approximately ₹1,34,000 based on the issue price .
Mandeep Auto Industries Limited IPO opens on May 13, 2024 and closes on May 15, 2024.
The allotment date of Mandeep Auto Industries Limited IPO is May 16, 2024.
Mandeep Auto Industries Limited IPO is expected to be listed on May 21, 2024, on NSE SME Platform.
Mandeep Auto Industries Limited IPO valuation snapshot: P/E 51.64, EPS ₹1.3/-, P/B 5.36, RoNW 25.97%, and market cap N/A.
To apply for Mandeep Auto Industries Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Mandeep Auto Industries Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Mandeep Auto Industries Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Mandeep Auto Industries Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Mandeep Auto Industries Limited IPO allotment status on IPO Ji for quick and easy access.