Mandeep logo

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 Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,424.731,963.151,297.811,050.17
Revenue1,656.762,978.742,189.731,563.49
Profit After Tax214.93104.9164.6949.81
Net Worth820.80453.54413.61280.42
Reserves and Surplus163.81
Amount in ₹ Lakhs
GMP DateIPO PriceGMP MovementEstimated Listing PriceLast Updated
21-05-2024 Listing67.00₹4 – No Change₹71 (5.97%)21-May-2024 10:23
20-05-202467.00₹4 – No Change₹71 (5.97%)20-May-2024 12:53
19-05-202467.00₹4 – No Change₹71 (5.97%)20-May-2024 0:27
18-05-202467.00₹4 – No Change₹71 (5.97%)18-May-2024 9:54
17-05-202467.00₹4 – Down₹71 (5.97%)17-May-2024 12:01
16-05-2024 Allotment67.00₹7 – Down₹74 (10.45%)17-May-2024 0:24
15-05-2024 Close67.00₹20 – Down₹87 (29.85%)16-May-2024 0:27
14-05-202467.00₹35 – Up₹102 (52.24%)15-May-2024 0:27
13-05-2024 Open67.00₹25 – Up₹92 (37.31%)13-May-2024 15:58
12-05-202467.00₹15 – No Change₹82 (22.39%)13-May-2024 0:28
11-05-202467.00₹15 – No Change₹82 (22.39%)12-May-2024 0:32
10-05-202467.00₹15 – No Change₹82 (22.39%)11-May-2024 0:25
09-05-202467.00₹15 – Up₹82 (22.39%)10-May-2024 0:28
08-05-202467.00₹10 – No Change₹77 (14.93%)9-May-2024 0:29
07-05-202467.00₹10 – Up₹77 (14.93%)7-May-2024 16:02
06-05-202467.00₹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)

EventTentative Date
SME IPO Open Date13-05-2024
SME IPO Close Date15-05-2024
Basis of Allotment Finalisation Date16-05-2024
Refunds Initiation17-05-2024
Credit of Shares to Demat Account17-05-2024
SME IPO Listing Date21-05-2024

Prospectus File

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