Mandeep Auto Industries Limited SME IPO
Issue Size (Net)
Rs. 25.24 Cr
Price Band
Rs. 67 per share
Lot Size
2000 Shares
Issue Opens
13th May, 2024
1. Company Information
Mandeep Auto Industries Limited was incorporated in April 2023. Currently, the company is engaged in manufacturing and supplying sheet metal parts, auto parts and all types of gears and machined components that find application in various industries like tractors, automobiles, material handling and earth moving equipment, railroads, defense, machine tools, home improvement etc. Etc.
They manufacture these products in their Production Unit (as defined below). The Company believes that its manufacturing facilities have advanced technologies to design and manufacture products that meet the stringent quality control requirements of its customers. The Company also manufactures customized components that meet the specific requirements and uses of customers with a high degree of precision in terms of quality and time and with personalized services to its strong customer base in India.
The company focuses on consistently expanding its product portfolio by developing new designs. The company values a long-term relationship with its customers and does most of its business with returning customers. The company is in constant touch with its customers by reaching out to them personally and informing them about its capabilities and strengths.
2. Mandeep Auto Industries SME IPO Strengths
- Experienced promoters and an experienced management team.
- Broad product range.
- Long-standing relationships with customers and suppliers.
- High quality standards.
- Proven business processes and management.
- Strong and experienced R&D team.
3. Mandeep Auto Industries SME IPO Objective
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 Limited Financial Information (Restated)
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 |
Revenue | 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 |
GMP Date | IPO Price | GMP Movement | Estimated Listing Price | Last Updated |
---|---|---|---|---|
21-05-2024 Listing | 67.00 | ₹4 – No Change | ₹71 (5.97%) | 21-May-2024 10:23 |
20-05-2024 | 67.00 | ₹4 – No Change | ₹71 (5.97%) | 20-May-2024 12:53 |
19-05-2024 | 67.00 | ₹4 – No Change | ₹71 (5.97%) | 20-May-2024 0:27 |
18-05-2024 | 67.00 | ₹4 – No Change | ₹71 (5.97%) | 18-May-2024 9:54 |
17-05-2024 | 67.00 | ₹4 – Down | ₹71 (5.97%) | 17-May-2024 12:01 |
16-05-2024 Allotment | 67.00 | ₹7 – Down | ₹74 (10.45%) | 17-May-2024 0:24 |
15-05-2024 Close | 67.00 | ₹20 – Down | ₹87 (29.85%) | 16-May-2024 0:27 |
14-05-2024 | 67.00 | ₹35 – Up | ₹102 (52.24%) | 15-May-2024 0:27 |
13-05-2024 Open | 67.00 | ₹25 – Up | ₹92 (37.31%) | 13-May-2024 15:58 |
12-05-2024 | 67.00 | ₹15 – No Change | ₹82 (22.39%) | 13-May-2024 0:28 |
11-05-2024 | 67.00 | ₹15 – No Change | ₹82 (22.39%) | 12-May-2024 0:32 |
10-05-2024 | 67.00 | ₹15 – No Change | ₹82 (22.39%) | 11-May-2024 0:25 |
09-05-2024 | 67.00 | ₹15 – Up | ₹82 (22.39%) | 10-May-2024 0:28 |
08-05-2024 | 67.00 | ₹10 – No Change | ₹77 (14.93%) | 9-May-2024 0:29 |
07-05-2024 | 67.00 | ₹10 – Up | ₹77 (14.93%) | 7-May-2024 16:02 |
06-05-2024 | 67.00 | ₹0 – No Change | ₹ (0%) | 6-May-2024 7:03 |
Mandeep Auto Industries Limited IPO Details
SME IPO Issue Opening Date: | 13th May 2024 |
SME IPO Issue Closing Date: | 15th May 2024 |
SME IPO Issue Price: | ₹67.00 Per Share |
IPO Listing At: | NSE SME |
Retail Quota: | 50% of the Net Issue |
SME IPO Issue Type: | Fixed Price Issue |
SME IPO Issue Size: | ₹25.25 Cr |
Fresh Issue: | ₹25.25 Cr |
Face Value: | ₹10 Per Equity Share |
SME IPO Discount: | TBD |
Promoter Holding Pre IPO: | 99.97% |
Promoter Holding Post IPO: | 63.53% |
Mandeep Auto Industries Limited IPO Timeline (Tentative Schedule)
Event | Tentative Date |
---|---|
SME IPO Open Date | 13-05-2024 |
SME IPO Close Date | 15-05-2024 |
Basis of Allotment Finalisation Date | 16-05-2024 |
Refunds Initiation | 17-05-2024 |
Credit of Shares to Demat Account | 17-05-2024 |
SME IPO Listing Date | 21-05-2024 |