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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹25.25 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹25.25 Cr |
| Fresh Issue | ₹23.97 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹67.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | MANDEEP |
| Registrar | Cameo Corporate Services Ltd. |
| Lead Managers | Jawa Capital Services Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,000 shares and in multiples thereof
Incorporated in 2000, Mandeep Auto Industries Limited is involved in the manufacturing and supply of various products like sheet metal components, auto parts, sprocket gears, and machined components. These products have applications in a diverse range of industries such as automobiles, tractors, material handling and earth moving equipment, railways, defense, machine tools, and even the DIY industry.
The company is supported by experienced professionals specialising in Press and Machining Components. Additionally, it holds both ISO 14001:2015 and ISO 9001:2015 certifications.
The company's client list includes both domestic and global OEMs in the automobile sector. Some of the prominent clients are M/s J.L Auto Parts Pvt. Ltd. (Faridabad, Haryana), M/s Tube Investments of India Limited (Chennai, Tamil Nadu), M/s Rockman Industries Limited (Saket, New Delhi), M/s Manvi Automobiles (Faridabad, Haryana), and M/s Jain Industrial Products Private Limited (Hissar, Haryana).).
As of November 2023, the company employs 54 people and has 15 contract labourers.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | 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 our existing manufacturing unit, purchase of equipment/machineries, etc. | 9.08 |
| 2 | Repayment/prepayment of certain borrowings availed by our Company | 6.84 |
| 3 | Funding working capital requirements | 6.09 |
| 4 | General Corporate Purpose | 2.23 |
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 24.25 | 19.63 | 12.98 | 10.50 |
| Total Income | 16.57 | 29.79 | 21.90 | 15.63 |
| Profit After Tax | 2.15 | 1.05 | 0.65 | 0.50 |
| NET Worth | 8.21 | 4.54 | 4.14 | 2.80 |
| Reserves and Surplus | 1.64 | |||
| Amount in ₹ Crore | ||||
| KPI | Dec 31, 2023 |
|---|---|
| ROE | 30.15% |
| ROCE | 27.94% |
| Debt / Equity | 1.00% |
| RoNW | 25.97% |
| PAT Margin | 12.97% |
| Price to Book Value | 5.36 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 6.60 | 2.77 |
| P/E (x) | 10.15 | 21.97 |
| Promoter Holding | 99.97% | 63.53% |
| Market Cap | ₹69.26 Cr. | |
