22-Apr-2024
2 mins read
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Mandeep Auto IPO is a fixed price issue of Rs 25.25 crores. This upcoming IPO is a fresh issue of 37.68 lakh equity shares. The offer-for-sale component is not available on this issue. The opening and closing dates of this IPO is not yet announced. The price of this upcoming IPO is decided at Rs 67 per share. The minimum lot size of this application for the retail category is 2000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 4000 shares. The minimum investment required for retail category investors is Rs 1,34,000 (67 x 2000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,68,000 (67 x 4000 shares). Mandeep Auto IPO will be listed on NSE SME platform. The book-running lead manager of Mandeep Auto IPO is Java Capital Service Private Limited. The registrar for this IPO is Cameo Corporate Services Limited.
About Mandeep Auto Industries Limited
Mandeep Auto Industries Limited incorporated in 2000, involved in the manufacturing and supply of various products like sheet metal components, auto parts, sprocket gears and machined components. These products are used in a diverse range of industries such as automobiles, tractors, material handling, railways, defence etc. Mandeep Auto’s mission is to work and excel in the OEM segment, they are working towards achieving a minimum 15% revenue growth year over year. The company’s client list includes both domestic and global OEMs in the automobile sector. Some of the prominent clients are J.L Auto Parts Private Limited, Tube Investment of India Limited, Rockman Industries Limited and many more. Mandeep Auto is supported by experienced professionals specialising in Press and Machining Components. The company turnover is Rs 300 Million and projected is Rs 400 Million. As of November 2023, the company has a team of 54 employees and has 15 contract labourers.
Objectives of Mandeep Auto IPO Issue
This issue aims to expand the manufacturing facility by constructing a building on land adjacent to the existing manufacturing unit. The funds received from this IPO will be used to purchase machinery and equipment. Moreover, the amount will be used to repay the company's borrowings. Other objectives of this issue are to fund the working capital requirements.
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Financials of Mandeep Auto Limited (Amt in Rs Lakhs)
Mandeep Auto posted revenue of Rs 510.27 lakhs and net profit of Rs 55.89 lakhs for the period ending 31 August 2023. Between the FY ending 31 March 2023 and 31 March 2022, revenue increased by 36.03%, and PAT increased by 62.17%.
| Period Ended | 31-Aug-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 2,131.31 | 1,963.15 | 1,297.81 | 1,050.17 |
| Revenue | 510.27 | 2,978.74 | 2,189.73 | 1,563.49 |
| Profit After Tax | 55.89 | 104.91 | 64.69 | 49.81 |
| Net Worth | 661.77 | 453.54 | 413.61 | 280.42 |
| Reserves and Surplus | 4.78 | - | - | - |
Other Important Details of Mandeep Auto IPO
| IPO Date | Not yet announced |
| Listing Date | Not yet announced |
| Face Value | Rs10 per share |
| Price | Rs 67 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,768,000 shares amounting to Rs 25.25 crore |
| Fresh Issue | 3,768,000 shares amounting to Rs 25.25 crore |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 6,569,894 |
| Shareholding post issue | 10,337,894 |
| Market Maker portion | 190,000 shares |
Time-Table of Mandeep Auto IPO
| IPO Open Date | Not yet announced |
| IPO Close Date | Not yet announced |
| Basis of Allotment | Not yet announced |
| Initiation of Refunds | Not yet announced |
| Credit of Shares to Demat | Not yet announced |
| Listing Date | Not yet announced |
| Cut-off time for UPI mandate | Not yet announced |
Lot Size of Mandeep Auto IPO
| Application | Lots | Shares | Amount |
| Retail - Minimum | 1 | 2,000 | Rs 134,000 |
| Retail - Maximum | 1 | 2,000 | Rs 134,000 |
| HNI - Minimum | 2 | 4,000 | Rs 268,000 |
IPO Reservation of Mandeep Auto Limited
| Investor Category | Shares Offered |
| Retail | 50 percent of the Net issue |
| Others | 50 percent of the Net issue |
Key Performance Indicator of Mandeep Auto Limited IPO
| KPI | Values |
| ROE | 8.45% |
| ROCE | 9.03% |
| Debt/Equity | 1.25 |
| RoNW | 8.45% |
| P/BV | 0 |
EPS and P/E Ratio Post IPO
| Pre IPO | Post IPO | |
| EPS (Rs) | 1.6 | 1.3 |
| P/E | 41.96 | 51.64 |
Promoters of Mandeep Auto Limited and Their Holdings
The promoters of Mandeep Auto company are Mr. Gurpal Singh Bedi, Mrs. Nidhi Bedi and Mr. Rajveer Bedi.
| Shareholding Pre Issue | 99.97 percent |
| Shareholding Post Issue | 63.53 percent |
Lead Manager(s) of Mandeep Auto IPO
The lead manager for Mandeep Auto IPO is Java Capital Service Private Limited.
How do you apply for the Mandeep Auto IPO?
Wait for the public issue to open for subscription, then click here to apply for the Mandeep Auto Limited IPO with Bigul.
How do you check the allotment status of Mandeep Auto IPO?
The registrar for Mandeep Auto IPO is Cameo Corporate Services Limited. To check your allotment status, please click here.
FAQs
1. What is the Mandeep Auto IPO?
Mandeep Auto IPO is a fixed price issue of Rs 25.25 crores. This upcoming IPO is a fresh issue of 37.68 lakh equity shares. The offer-for-sale component is not available on this issue. The price of this upcoming IPO is decided at Rs 67 per share. The minimum lot size of this application for the retail category is 2000 shares.
2. Who are the lead managers for the Mandeep Auto Limited IPO?
Java Capital Service Private Limited is appointed as the lead manager for the IPO.
3. What is the role of Cameo Corporate Services Limited in this IPO?
Cameo Corporate Services Limited is the registrar for Mandeep Auto Limited, handling the IPO's administrative aspects.
4. How can I apply for the Mandeep Auto IPO?
The public subscription dates of this new IPO is yet to be announced. When it gets announced you can click here to initiate the application process.
5. How will the net proceeds from the IPO be utilised?
This issue aims to expand the manufacturing facility by constructing the building on the land adjacent to the existing manufacturing unit. The funds received from this IPO will be utilised to purchase machinery and equipment. Moreover, the amount will be used to repay the borrowings availed by the company.
6. How can I check the allotment status of the IPO?
Investors who applied can check the allotment status of the Mandeep Auto Limited IPO by visiting here. For further updates follow Bigul.
7. What is the financial performance of Mandeep Auto Limited?
Mandeep Auto posted revenue of Rs 510.27 lakhs and net profit of Rs 55.89 lakhs for the period ending 31 August 2023. Between the FY ending 31 March 2023 and 31 March 2022, revenue increased by 36.03%, and PAT increased by 62.17%.
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