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Mandeep Auto Industries Limited IPO (Mandeep Auto Industries IPO) Detail

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 dates are yet to be announced.

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.

Refer to Mandeep Auto Industries IPO DRHP for detailed information.

Mandeep Auto Industries IPO Details

IPO Date to
Listing Date [.]
Face Value ₹10 per share
Price ₹67 per share
Lot Size 2000 Shares
Total Issue Size3,768,000 shares
(aggregating up to ₹25.25 Cr)
Fresh Issue3,768,000 shares
(aggregating up to ₹25.25 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Share holding pre issue6,569,894
Share holding post issue10,337,894
Market Maker portion190,000 shares

Mandeep Auto Industries IPO Reservation

Investor Category Shares Offered
Retail Shares Offered50% of the Net Issue
Other Shares Offered50% of the net offer

Mandeep Auto Industries IPO Lot Size

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

Mandeep Auto Industries IPO Promoter Holding

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%

About Mandeep Auto Industries Limited

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 Financial Information (Restated Standalone)

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 Ended31 Aug 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,131.311,963.151,297.811,050.17
Revenue510.272,978.742,189.731,563.49
Profit After Tax55.89104.9164.6949.81
Net Worth661.77453.54413.61280.42
Reserves and Surplus4.78
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Mandeep Auto Industries IPO is Rs 69.26 Cr.

KPI as of August 31, 2023.

KPI Values
ROE8.45%
ROCE9.03%
Debt/Equity1.25
RoNW8.45%
P/BV0
Pre IPO Post IPO
EPS (Rs) 1.61.3
P/E (x) 41.9651.64
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of August 31, 2023 that is available in RHP.

Objects of the Issue (Mandeep Auto Industries IPO Objectives)

The objects of the present issue of Equity Shares are:

  • 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 IPO Prospectus

Mandeep Auto Industries IPO Rating

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Mandeep Auto Industries Limited Contact Details

Mandeep Auto Industries Limited
Plot No 26,
Nangla
Faridabad-121001
Phone: +91-129-2440045
Email: info@mandeepautoindustries.com
Website: https://www.mandeepautoindustries.com/

Mandeep Auto Industries IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/

Mandeep Auto Industries IPO - Buy or Not

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Mandeep Auto Industries IPO FAQs

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 Mandeep Auto Industries IPO open and close dates are not available as of now.

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Mandeep Auto Industries IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Mandeep Auto Industries IPO dates are not announced. Please check back again after some time.

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 [.], and the allotted shares will be credited to your demat account by [.]. Check the Mandeep Auto Industries IPO allotment status.

The Mandeep Auto Industries IPO listing date is not yet announced. The tentative date of Mandeep Auto Industries IPO listing is [.].
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