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Mandeep Auto Industries SME IPO Details 2024

SME IPO Status: Listed [13th May 2024 to 15th May 2024]

Rated 3/5 by Team InvestorGain
Mandeep Auto Industries SME IPO Detail

Mandeep Auto Industries IPO, a SME IPO of ₹25.25 Cr was launced on 13-05-2024 to 15-05-2024 and the shares got listed on NSE SME on 21-05-2024.

The public issue of Mandeep Auto Industries IPO (MANDEEP) was offered at ₹67.00 per share and the ipo was listed at ₹62.25. It has delivered listing loss of -7.09%.

As the minimum lot size was 2000 shares, the IPO has offered Rs -9500.00 per lot loss on listing.

Mandeep Auto Industries SME 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
DRHP: Download DRHP
RHP: Download RHP
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%
Allotment Status: Allotment Status
NSE Code: MANDEEP

Mandeep Auto Industries SME IPO Important Dates

Get important updates regarding Mandeep Auto Industries SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.

Mandeep Auto Industries SME IPO dates
SME IPO Activity Date
Basis of Allotment Date* 16th May 2024
Refunds Initiation* 17th May 2024
Credit of Shares to Demat* 17th May 2024
SME IPO Listing Date* 21st May 2024

* - Tentative Dates

Mandeep Auto Industries SME IPO Lots

SME IPO Activity Date
Issue Price ₹67.00
Market Lot: 2000 Shares
1 Lot Amount: ₹134000
Min HNI Lots: 4000 shares (2 lots)

Mandeep Auto Industries IPO GMP**

GMP DateIPO PriceGMPSub2 Sauda RateExpected Listing GainLast Updated
21-05-202467.0046100₹71 (5.97%)21-May-2024 10:23
IPO Live GMP

**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.

About Company - Mandeep Auto Industries

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.

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.
Incorporation Sector IPO Issue Size Website
2023 Auto Components & Equipments ₹25.25 Cr https://www.mandeepautoindustries.com/

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

Our experts can help you prepare for SME IPO

Mandeep Auto Industries SME IPO Live Subscription (NSE + BSE)

The table below is live update of SME IPO bidding details from NSE and BSE.

  • Non-Institutional Investors: 1,789,000 Shares
  • Retail Individual Investor: 1,789,000 Shares
IPO Bidding Live Updates from BSE + NSE
Day NIIRIITotal
 # of Shares Offered1,789,000 (50%)1,789,000 (50%)3,578,000
113th May 2024 19:320.26x1.57x0.92x
214th May 2024 19:313.02x12.84x7.94x
315th May 2024 18:2161.54x90.57x77.23x

Mandeep Auto Industries Limited Financial Information (Restated Standalone)

Mandeep Auto Industries Limited's revenue increased by 36.03% and profit after tax (PAT) rose by 62.17% between the financial year ending with March 31, 2023 and March 31, 2022.

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

Mandeep Auto Industries SME IPO Peer Comparison

The table below show peer comparison from DRHP/RHP.

CompanyEPS BasicEPS DilutedNAVP/E(x)RoNWFinancial statements
Mandeep Auto Industries Limited6.66.610.1526.19Standalone
Kranti Industries Ltd1.951.9538.398.49Standalone
Porwal Auto Components Ltd.-0.68-0.68-96.59-1.75Standalone
Lumax Auto Technologies Ltd.10.7910.7944.2412.62Standalone

Company Address

Mandeep Auto Industries Limited
Plot No 26, Nangla
Faridabad,Haryana-121001
India
Website: https://www.mandeepautoindustries.com/
Phone: +91-129-2440045
Email: [email protected]

Mandeep Auto Industries SME IPO Registrar

Cameo Corporate Services Limited
Cameo Corporate Services Ltd.,
Subramanian Building # 1, Club House Road,
Chennai 600 002 - India
Website: https://ipo.cameoindia.com/
Phone: +91-44-28460390
Email: [email protected]

Mandeep Auto Industries SME IPO Lead Manager

Mandeep Auto Industries SME IPO Important dates - Issue Open Date, close Date, SME IPO Listing Date. SME IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, SME IPO Listing date. What is the issue open date and close date for Mandeep Auto Industries? Should I apply in Mandeep Auto Industries SME IPO?

Last Updated on 25-May-2024 07:02:46

FAQs

Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Mandeep Auto Industries SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Mandeep Auto Industries SME IPO with Zerodha.

Alternate approch to apply in Mandeep Auto Industries SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

Mandeep Auto Industries SME IPO Review and Important Updates

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Apply in Mandeep Auto Industries SME IPO online

To subscribe or apply in Mandeep Auto Industries SME IPO, you can use the following methods:

MethodDetails
Mandeep Auto Industries SME IPO Applying Mode
Online Application3-in-1 Trading Account

If your broker is 3-in-1 service provider, you can apply in Mandeep Auto Industries SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

Online Application2-in-1 Trading Account

Brokers like Zerodha, TradeSmart Online provides access to applying in Mandeep Auto Industries SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

Online ApplicationASBA

This is one of the most popular mode of applying in Mandeep Auto Industries SME IPO. Most of the Syndicate Banks provide access to apply in Mandeep Auto Industries IPO via ASBA process. You must have your net banking access, DP ID information to apply in Mandeep Auto Industries SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

Offline ApplicationPhysical Form

You can apply in Mandeep Auto Industries SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

Mandeep Auto Industries SME IPO Review and Important Updates

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Mandeep Auto Industries SME IPO Application is not yet available.

 

Mandeep Auto Industries SME IPO is going to be list on 21-05-2024. NSE Code for Mandeep Auto Industries is MANDEEP.

Other relevant questions:

When Mandeep Auto Industries SME IPO will be listing? Mandeep Auto Industries SME IPO NSE listing date?Mandeep Auto Industries SME IPO date of listing

 

Mandeep Auto Industries SME IPO Allotment Date is 16-05-2024.

Other relevant questions:

Mandeep Auto Industries SME IPO share allotment date?Mandeep Auto Industries SME IPO allotment date?

 


User Reviews

4. Muruganandam  Apr 19 2024 10:02:50 AM Reply
Mandeep Auto Industries SME IPO expected listing gain.
3. Surya Pradeep Bokka Apr 19 2024 10:02:50 AM Reply
Please confirm Mandeep Auto Industries SME IPO GMP (grey market premium) and kostak.
2. Joshva Apr 19 2024 10:02:50 AM Reply
Mandeep Auto Industries SME IPO good or bad.
1. Mukund Bhutra Apr 19 2024 10:02:50 AM Reply
Mandeep Auto Industries SME IPO whether to invest or not.