Mandeep Auto Industries IPO Review

 
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Mandeep Auto Industries IPO Review

IPO Open Date: 13, May, 2024

IPO Close Date: 15, May, 2024

IPO Price: ₹67 per share

Lot Size: 2000 Shares

Listing: May 21, 2024

Mandeep Auto Industries is scheduled to hit the market on May 13, 2024 and close on May 15, 2024. Mandeep Auto Industries plans to raise around ₹25.25 Cr through an IPO with a sale of up to 3,768,000 equity shares of ₹10 each. The Retail offered 50%, Other Shares Offered 50%

Mandeep Auto Industries Limited, established in 2000, specializes in manufacturing and supplying a wide range of products such as sheet metal components, auto parts, sprocket gears, and machined components. These products cater to various industries including automobiles, tractors, material handling and earth moving equipment, railways, defense, machine tools, and the DIY sector. The company is backed by a team of experienced professionals with expertise in Press and Machining Components and is certified with ISO 14001:2015 and ISO 9001:2015 standards.

With a clientele comprising both domestic and global Original Equipment Manufacturers (OEMs) in the automobile industry, Mandeep Auto Industries Limited has established strong partnerships with key players like M/s J.L Auto Parts Pvt. Ltd., M/s Tube Investments of India Limited, M/s Rockman Industries Limited, M/s Manvi Automobiles, and M/s Jain Industrial Products Private Limited. As of November 2023, the company has a workforce of 54 employees along with 15 contract labourers, reflecting its commitment to delivering quality products and services to its clients.

Mandeep Auto Industries



Mandeep Auto Industries IPO Details

Mandeep Auto Industries IPO opens on May 13, 2024, and closes on May 15, 2024. The Listing date for Mandeep Auto Industries IPO is on May 21, 2024. The price band for IPO is ₹67 per share and lot size of 2000 Shares.

IPO DateMay 10, 2024 to May 15, 2024
Listing DateMay 21, 2024
Price₹67 per share
Lot Size2000 Shares
Issue Size₹25.25 Cr
Face Value₹10 per share

Mandeep Auto Industries IPO Tentative Timetable

Mandeep Auto Industries opening date is May 13, 2024 and close date is May 15, 2024. The IPO allotment date is May 16, 2024. The refund initiation of IPO is on May 17, 2024. The credit of shares in demat account is on May 17, 2024. The listing date is on May 21, 2024.

EventDate
IPO OpeningMay 13, 2024
IPO ClosingMay 15, 2024
IPO Allotment DateMay 16, 2024
Refund InitiationMay 17, 2024
Shares Credit to DematMay 17, 2024
Lisiting DateMay 21, 2024

Mandeep Auto Industries IPO Lot Size

Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹134,000).

CategoryLotsSharesAmount
Retail(Minimum)12000₹134,000
Retail(Maximum)12000₹134,000
HNI (Minimum)24000₹268,000

Mandeep Auto Industries IPO Promoter Holding

Pre Issue Share Holding99.97%
Post Issue Share Holding63.53%

Mandeep Auto Industries IPO Review

Mandeep Auto Industries Ltd. (MAIL) is all set to launch its maiden IPO, offering 3,768,000 equity shares at Rs. 67 per share to raise Rs. 25.25 crore. The company specializes in manufacturing sheet metal components, auto parts, and sprocket gears for various industries like automobiles, defense, and railways. With a focus on expanding its product portfolio and meeting market demands, MAIL has shown consistent growth in both revenue and profit over the years.

The financial performance of MAIL has been impressive, with a net profit of Rs. 2.37 crore for the 9-month period ending December 31, 2023. The company's management is optimistic about future prospects, especially with the emphasis on high-margin products like Sprocket Gear. Despite being a new public limited company, MAIL has posted a solid EPS of 6.60 and RoNW of 25.97% for the period from July 01, 2023, to December 31, 2023. However, potential investors should note that the issue is considered fully priced based on the annualized FY24 earnings.

Investors looking for a long-term bet in the specialized auto components sector may find Mandeep Auto Industries Ltd. IPO worth considering. With a commitment to quality, customer satisfaction, and continuous product development, MAIL stands out as a promising player in the market. While the issue may be fully priced according to the financials, the company's growth trajectory and strategic expansion plans could offer medium to long-term rewards for investors willing to park their funds. It's essential for investors to conduct their due diligence and assess their risk appetite before making investment decisions in this IPO.

Mandeep Auto Industries IPO Subscription Status (Bidding Details)

Table not found

Mandeep Auto Industries IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Mandeep Auto Industries IPO FAQs

What is Mandeep Auto Industries IPO?

Mandeep Auto Industries is issuing 3,768,000 equity shares with a face value of 10 each, totaling up to ₹25.25 Cr. The shares are being offered at a price of ₹67 each, with a minimum order quantity of 2000 shares.

Cameo Corporate Services Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Mandeep Auto Industries IPO will open?

Mandeep Auto Industries will open on May 13, 2024 for QIB, NII, and Retail Investors.

When Mandeep Auto Industries IPO will end?

Mandeep Auto Industries will end on May 15, 2024.

What is Mandeep Auto Industries IPO Size?

Mandeep Auto Industries IPO size is 25.25 Cr.

What is Mandeep Auto Industries IPO Price Band?

Mandeep Auto Industries price band is ₹67 per share.

What is the Mandeep Auto Industries IPO Allotment Date?

Mandeep Auto Industries allotment date is May 16, 2024.

What is the Mandeep Auto Industries IPO Listing Date?

Mandeep Auto Industries listing date is May 21, 2024. The IPO is to be listed on BSE and NSE.

How to Mandeep Auto Industries IPO through Zerodha?

To apply for the IPO “Mandeep Auto Industries” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Mandeep Auto Industries IPO through Upstox?

To apply for the IPO “Mandeep Auto Industries” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Mandeep Auto Industries IPO Allotment Status?

For Mandeep Auto Industries IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Mandeep Auto Industries IPO GMP?

You can check out here: Mandeep Auto Industries IPO GMP

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Avatar of Ishika Agarwal
Article By: Ishika Agarwal
435 Posts 115.9K Total Views

An accomplished IPO analyst, providing valuable insights and expert commentary on the latest upcoming IPOs. With a keen interest in uncovering meaningful information, I offer comprehensive coverage of the most promising IPOs in the market.

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