Mandeep Auto Industries Limited IPO
NSE SMEListed On: May 21, 2024 at ₹ 62.25
₹ 268000 /4000 Shares
*Min Investment
13 May, 2024
Open Date15 May, 2024
Close Date16 May, 2024
Allotment Date21 May, 2024
Listing DateMandeep Auto Industries Limited IPO Issue Details
- Issue Price ₹67 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 37,68,000 shares(aggregating up to ₹25.25 crore)
- Fresh Share 37,68,000 shares(aggregating up to ₹25.25 crore)
- Listing at NSE SME
- List Price 62.25
- Listing Date 2024-05-21
- Lead Manager Jawa Capital Services Private Limited
- Registrar Cameo Corporate Services 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 offers total 3,768,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,1,789,000 (47.48%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.
| 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 Details
Mandeep Auto Industries Limited IPO is an SME IPO, priced at ₹67 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 37,68,000 equity shares, aggregating up to ₹25.25 crores..
The IPO bidding window is open from May 13, 2024 to May 15, 2024. The allotment is expected to be finalized on May 16, 2024, and the tentative listing date is May 21, 2024.
The minimum lot size for Retail investors is 2000 shares, with a minimum investment of ₹1,34,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,68,000.
Jawa Capital Services Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Cameo Corporate Services Limited, and Aftertrade Broking Pvt Ltd will act as the market maker for this issue.
Mandeep Auto Industries Limited IPO Subscription Analysis And Details
| 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
Mandeep Auto Industries Limited Company Financials
| 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 |
About Mandeep Auto Industries Limited Company
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
Pre Issue Share Holding : 99.97%
Post Issue Share Holding : 63.53%
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 Details
Mandeep Auto Industries Limited
Plot No 26,Nangla Faridabad-121001
+91-129-2440045
Registrar Contact Details
Mandeep Auto Industries Limited IPO - FAQs
Ans. Mandeep Auto Industries Limited IPO is a SME IPO. The issue is priced at ₹67 per equity 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.
Ans. The Mandeep Auto Industries Limited IPO opens on May 13, 2024 and closes on May 15, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Mandeep Auto Industries Limited IPO is 3,768,000 shares(aggregating up to ₹25.25 Cr).
Ans. The Mandeep Auto Industries Limited IPO price band is set between ₹67 per equity share.
Ans. To apply for Mandeep Auto Industries Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Mandeep Auto Industries Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Mandeep Auto Industries Limited IPO is May 16, 2024.
Ans. The Mandeep Auto Industries Limited IPO will be listed on May 21, 2024.
Ans. Follow the steps to check the Mandeep Auto Industries Limited IPO allotment status online.
