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Mandeep Auto Industries IPO is a fixed price issue of ₹25.25 crores. The issue is entirely a fresh issue of 0.38 crore shares of ₹25.25 crore.
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 May 16, 2024. The shares got listed on NSE SME on May 21, 2024.
Mandeep Auto Industries IPO price is ₹67.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,34,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,68,000.
Jawa Capital Services Pvt.Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Aftertrade Broking Pvt.Ltd..
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 |
| Issue Price Band | |
| Issue Price Final | ₹67 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 37,68,000 shares (aggregating up to ₹25.25 Cr) |
| Reserved for Market Maker | 1,90,000 shares Aftertrade Broking Pvt.Ltd. (aggregating up to ₹1.27 Cr) |
| Net Offered to Public | 35,78,000 shares (aggregating up to ₹23.97 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 65,69,894 shares |
| Share Holding Post Issue | 1,03,37,894 shares |
Mandeep Auto Industries IPO offers total 37,68,000 shares. Out of which 17,88,000 (47.45%) allocated to NII, 17,90,000 (47.51%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,90,000 (5.04%) |
| NII (HNI) Shares Offered | 17,88,000 (47.45%) |
| Retail Shares Offered | 17,90,000 (47.51%) |
| Total Shares Offered | 37,68,000 (100.00%) |
Mandeep Auto Industries IPO opens on May 13, 2024, and closes on May 15, 2024.
| IPO Open Date | Mon, May 13, 2024 |
| IPO Close Date | Wed, May 15, 2024 |
| Tentative Allotment | Thu, May 16, 2024 |
| Initiation of Refunds | Fri, May 17, 2024 |
| Credit of Shares to Demat | Fri, May 17, 2024 |
| Tentative Listing Date | Tue, May 21, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, May 15, 2024 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,34,000 |
| Retail (Max) | 1 | 2,000 | ₹1,34,000 |
| HNI (Min) | 2 | 4,000 | ₹2,68,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 |
| Total Income | 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 ₹69.26 Cr.
KPI as of Sun, Dec 31, 2023.
| KPI | Values |
|---|---|
| ROE | 30.15% |
| ROCE | 27.94% |
| Debt/Equity | 1.00 |
| RoNW | 25.97% |
| Price to Book Value | 5.36 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 6.60 | 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...
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 | NSE SME |
|---|---|
| Final Issue Price | ₹67.00 |
| Open | ₹62.25 |
| Low | ₹59.15 |
| High | ₹65.35 |
| Last Trade | ₹65.35 |
Mandeep Auto Industries Ltd.
Plot No 26,
Nangla
Faridabad, Haryana, 121001
Phone: +91-129-2440045
Email: info@mandeepautoindustries.com
Website: https://www.mandeepautoindustries.com/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
Mandeep Auto Industries IPO is a SME IPO of 37,68,000 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.
The IPO opens on May 13, 2024, and closes on May 15, 2024.
Cameo Corporate Services Ltd. 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, and the minimum amount required for application is ₹1,34,000.
You can apply in Mandeep Auto Industries IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Mandeep Auto Industries IPO listing date is on Tuesday, May 21, 2024.
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