Mandeep Auto Industries Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | May 13, 2024 to May 15, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price | ₹ 67 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 37,68,000 shares (aggregating up to ₹ 25.25 Cr) |
| Fresh Issue | 37,68,000 shares (aggregating up to ₹ 25.25 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 65,69,894 |
| Share holding post issue | 1,03,37,894 |
| Market Maker portion | 1,90,000 shares After trade Broking |
About Mandeep Auto Industries Limited IPO
The company 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, defense, machine tools, DIY industry. It manufactures these products from the Manufacturing Unit. Its manufacturing facilities have advanced technologies to develop and manufacture the products that adhere to the stringent quality control requirements of customers. It also manufactures customized components as per customer specific requirements and use, with high degree of precision both in quality and time with personalized services to a strong customer base in India. It is a preferred partner for the two wheeler industry for specialized products.
Its focus is to consistently expand product portfolio by developing new designs. The company believes that it shares a longstanding relationship with customers and receives the majority of business from repetitive clients. Mandeep Auto Industries IPO is a fixed price issue of Rs 25.25 crores. The issue is entirely a fresh issue of 37.68 lakh shares. Mandeep Auto Industries IPO price is ₹67 per share. The minimum lot size for an application is 2000 Shares. Jawa Capital Services Private Limited is the book running lead manager of the Mandeep Auto Industries IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for Mandeep Auto Industries IPO is After Trade Broking.
Objectives of Mandeep Auto Industries IPO
The objectives 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 IPO Review
The company is in the business of specialized auto components and enjoys preferred partner tag from two wheeler industry. It marked steady growth in its top and bottom lines. It is expanding its capacities to meet the rising demand. Based on FY24 annualized earnings, the issue is fully priced. Investors may park funds for the medium to long term rewards.
Mandeep Auto Industries Limited IPO Financial Information
Latest Revenue
1,656.76
₹ Crore
Profit After Tax
214.93
₹ Crore
Net Worth
820.80
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2023 | 2,424.73 | 1,656.76 | 214.93 | 820.80 | — | ||||
| 31 Mar 2023 | 1,963.15 | 2,978.74 | 104.91 | 453.54 | — | ||||
| 31 Mar 2022 | 1,297.81 | 2,189.73 | 64.69 | 413.61 | — | ||||
| 31 Mar 2021 | 1,050.17 | 1,563.49 | 49.81 | 280.42 | — | ||||
| Amount in ₹ Crore | |||||||||
Mandeep Auto Industries Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 30.15% |
| ROCE | 27.94% |
| Debt/Equity | 1 |
| RoNW | 25.97% |
| P/BV | 5.36 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.6 | 2.77 |
| P/E (x) | 10.15 | 21.97 |
Frequently Asked Questions
Recommended Advisory Services
Ready to take your company public? Explore our specialized IPO advisory services tailored for Indian enterprises.
The India IPO Publication is managed by an editorial team that includes highly experienced finance journalists, market researchers and professionals from the capital markets industry who strive to create high-quality content based on credible sources. Our editors write about IPOs, capital markets, corporate news, capital-raising strategies, regulations and other business matters to ensure our audience stays updated with the latest information. We conduct detailed research and fact-check all information before publishing any content to ensure credibility.
Competitive Strengths
Mandeep Auto Industries Limited IPO Timeline
| IPO Open Date | Monday, May 13, 2024 |
| IPO Close Date | Wednesday, May 15, 2024 |
| Basis of Allotment | Thursday, May 16, 2024 |
| Initiation of Refunds | Friday, May 17, 2024 |
| Credit of Shares to Demat | Friday, May 17, 2024 |
| Listing Date | Tuesday, May 21, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 15, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹134,000 |
| Retail (Max) | 1 | 2000 | ₹134,000 |
| HNI (Min) | 2 | 4,000 | ₹268,000 |