Mandeep Auto Industries Limited IPO is set to launch on 10 May, 2024. The company was incorporated in 2000. It is engaged in the business of manufacturing and supplying sheet metal components, auto parts, and all types of sprocket gears and machined components, that finds its application in a diverse industry, such as tractor, automobiles, material handling & earth moving equipment, railways, defence, machine tools, DIY industry etc.
Its manufacturing facilities has advanced technologies to develop and manufacture the products that adhere to the stringent quality control requirements of customers. It also manufactures customised components as per customer specific requirements and use, with high degree of precision both in quality and time with personalised services to a strong customer base in India. It is a preferred partner for the two wheeler industry for specialised products.
Mandeep Auto Industries Limited : IPO DETAILS
Mandeep Auto Industries Limited IPO is set to launch on 13 May, 2024. The subscription timeline extends till 15 May, 2024. The size for the IPO is Rs. 25.25 Crore. The entire issue is a fresh issue of 37.68 Lakh shares amounting to Rs. 25.25 Crore. The lot size is 2000 shares and the price is Rs. 67 per share. The company is going to get listed at NSE SME Board. The face value per share is Rs.10 and this is a Fixed Price Issue. The registrar for the company is Cameo Corporate Services Limited.
Tabular Description of Mandeep Auto Industries Limited IPO
| IPO OPENING DATE | 13 May, 2024 |
| CLOSING DATE FOR IPO | 15 May, 2024 |
| ISSUE TYPE | Fixed Price Issue |
| Face Value per share | Rs. 10 per share |
| IPO price band | Rs. 67 per share |
| LOT SIZE | 2000 shares |
| MINIMUM ORDER QUANTITY | 2000 shares |
| ISSUE SIZE | Rs. 25.25 Crore |
| OFFER FOR SALE | NIL |
| FRESH ISSUE | Rs. 25.25 Crore |
| LISTING AT | NSE SME Board |
| LISTING DATE | 21 May, 2024 |
Mandeep Auto Industries Limited IPO: IMPORTANT DATES
| IPO OPENING DATE | 13 May, 2024 |
| CLOSING DATE FOR IPO | 15 May, 2024 |
| IPO ALLOTMENT DATE | 16 May, 2024 |
| REFUNDS | 17 May, 2024 |
| DEMAT A/C CREDITED ON | 17 May, 2024 |
| IPO LISTING DATE | 21 May, 2024 |
Mandeep Auto Industries Limited IPO begins for subscription from 13 May, 2024. The IPO subscription would continue till 15 May, 2024. The allotment status for the shareholders who applied would come on 16 May, 2024. The refunds for the ones who did not get allotment would be initiated on 17 May, 2024. The DEMAT accounts of shareholders would be credited on 17 May, 2024. The listing of the company would be completed on 21 May, 2024.
Mandeep Auto Industries Limited IPO: Lead Managers
The lead managers are :
- Jawa Capital Services Private Limited
The minimum and maximum lot size for retail investors is 2000 shares, amounting to Rs. 134000. The minimum lot size for HNI is 4000 shares, amounting to Rs. 268000.
| Shares | Amount | |
| Retail (Minimum) | 2000 shares | Rs. 134000 |
| Retail (Maximum) | 2000 shares | Rs. 134000 |
| HNI (Minimum) | 4000 shares | Rs. 268000 |
OBJECTIVES FOR THE IPO
- 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
COMPANY FINANCIALS
| Particularly (in Rs. Lakhs) | 2020-21 | 2021-22 | 2022-23 | Dec-2023 |
| Asset | 1050.17 | 1297.81 | 1963.15 | 2424.73 |
| Revenue | 1563.49 | 2189.73 | 2978.74 | 1656.76 |
| PAT | 49.81 | 64.69 | 104.91 | 214.93 |
Mandeep Auto Industries Limited had an asset base of Rs. 1050.17 Lakhs in 2021 which increased to Rs. 1963.15 Lakhs in 2023.The asset base of the firm jumped to Rs. 2424.73 Lakhs as on Dec-2023. The revenue for the company was Rs. 1563.49 Lakhs in 2021, which increased to Rs. 2978.74 Lakhs in 2023. The revenue for 9 months ending December 2023 was Rs. 1656.76 Lakhs. The profit of the company increased from Rs. 49.81 Lakhs in 2021 to Rs. 104.91 Lakhs in 2023. The profit generated for the 9 months ending December 2023 was Rs. 214.93 Lakhs.
PROS
- The company is in the business of specialised auto components and enjoys preferred partner tag from two wheeler industry. It is expanding its capacities to meet the rising demand.
- It marked steady growth in its top and bottom lines.
- Its manufacturing facilities has advanced technologies to develop and manufacture the products that adhere to the stringent quality control requirements of customers. It also manufactures customised components as per customer specific requirements and use.
Mandeep Auto Industries Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Mandeep Auto Industries Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
