Presently Mandeep Auto Industries is engaged in the business of manufacturing and supplying sheet metal components, auto parts, and all types of sprocket gears and machined components, which finds its application in diverse industries, such as tractors, automobiles, material handling & earth moving equipment, railways, defense, machine tools, DIY industry, etc.
They manufacture these products from their Manufacturing Unit (as defined below). They believe, their manufacturing facilities have advanced technologies to develop and manufacture the products that adhere to the stringent quality control requirements of their customer. They also manufacture customized components as per customer-specific requirements and use, with a high degree of precision both in quality and time with personalized services to their strong customer base in India.
Their focus is to consistently expand their product portfolio by developing new designs. They believe that they share a longstanding relationship with their customer and they receive the majority of their business from repetitive clients. They constantly engage with their customers through marketing via personal interactions and updating them on their capabilities and strengths. Their sales team works closely with their customers to obtain their insights and feedback about the upcoming trends in the industry which enables them to develop and improve their products to fulfill the requirements of the market.
Objects of the Issue:
- 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 Review
- May Apply
Mandeep Auto Industries IPO Date & Price Band Details
| IPO Open: | May 13, 2024 |
| IPO Close: | May 15, 2024 |
| IPO Size: | Approx ₹25.25 Crores, 3,768,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹67 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| QIB Quota: | [.]% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Mandeep Auto Industries IPO Market Lot
The Mandeep Auto Industries IPO minimum market lot is 2000 shares with a ₹134,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹134,000 |
| Retail Maximum | 1 | 2000 | ₹134,000 |
| S-HNI Minimum | 2 | 4000 | ₹268,000 |
Mandeep Auto Industries IPO Dates
The Mandeep Auto Industries IPO date is May 13 and the IPO close date is May 15. The IPO allotment date is May 16 and the IPO might list on May 21.
| IPO Open Date: | May13, 2024 |
| IPO Close Date: | May 15, 2024 |
| Basis of Allotment: | May 16, 2024 |
| Refunds: | May 17, 2024 |
| Credit to Demat Account: | May 17, 2024 |
| IPO Listing Date: | May 21, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Mandeep Auto Industries IPO Form
How to apply Mandeep Auto Industries IPO? You can apply Mandeep Auto Industries IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Mandeep Auto Industries IPO in the Invest section. The other option you can apply Mandeep Auto Industries IPO via IPO forms download via the NSE website. Check out the Mandeep Auto Industries forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Mandeep Auto Industries Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹1563.49 | ₹1437.72 | ₹49.81 |
| 2022 | 2189.73 | ₹2045.61 | ₹64.69 |
| 2023 | 2978.74 | ₹2757.81 | ₹104.91 |
| Aug 2023 | 510.27 | ₹412.46 | ₹55.89 |
Mandeep Auto Industries IPO Valuation – FY2023
Check Mandeep Auto Industries IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹21.57 per Equity Share |
| Price/Earning P/E Ratio: | 3.11 |
| Return on Net Worth (RoNW): | 8.45% |
| Net Asset Value (NAV): | ₹10.07 per Equity Share |
Peer Group
- Kranti Industries Limited
- Porwal Auto Components Limited
- Lumax Auto Technologies Limited
Company Promoters
- Mr. Gurpal Singh Bedi
- Mrs. Nidhi Bedi
- Mr. Rajveer Bedi
Mandeep Auto Industries IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: [email protected]
Website: https://ipo.cameoindia.com/
Mandeep Auto Industries IPO Allotment Status
Check Mandeep Auto Industries IPO allotment status on Cameo Corporate website URL. Click Here
Mandeep Auto Industries IPO Lead Managers aka Merchant Bankers
- Jawa Capital Services Private Limited
Company Address
Mandeep Auto Industries Limited
Plot No 26, Nangla
Faridabad-121001
Phone: +91-129-2440045
Email: [email protected]
Website: https://www.mandeepautoindustries.com/
