Mandeep Auto Industries Limited

13 May 2024 - 15 May 2024 Individual Category SME NSE

Min Investment

₹268000

Price Band

₹67

Issue Size

37.68 lakhs
Equity Shares

Lot Size

2000 (per lot)

IPO Dates
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13 May 2024

Open Date

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15 May 2024

Close Date

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16 May 2024

Allotment Date

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21 May 2024

Listing Date

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 13 May 2024 and 15 May 2024 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. 

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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. 

Founded

2000

Managing Director

Gurpal Singh Bedi

Parent Organization

IPO Objectives

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. 

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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