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 opens for subscription on May 13, 2024 and closes on May 15, 2024. The allotment for the Mandeep Auto Industries IPO is expected to be finalized on Thursday, May 16, 2024. Mandeep Auto Industries IPO will list on NSE SME with tentative listing date fixed as Tuesday, May 21, 2024.
Mandeep Auto Industries IPO price is ₹67 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹134,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹268,000.
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 Aftertrade Share Broking.
Refer to Mandeep Auto Industries IPO RHP for detailed information.
Mandeep Auto Industries IPO Details
| IPO Date | May 13, 2024 to May 15, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹67 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,768,000 shares (aggregating up to ₹25.25 Cr) |
| Fresh Issue | 3,768,000 shares (aggregating up to ₹25.25 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 6,569,894 |
| Share holding post issue | 10,337,894 |
| Market Maker portion | 190,000 shares Aftertrade Share Broking |
Mandeep Auto Industries IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the net offer |
Mandeep Auto Industries IPO Timeline (Tentative Schedule)
Mandeep Auto Industries IPO opens on May 13, 2024, and closes on May 15, 2024.
| 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 |
Mandeep Auto Industries IPO Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹134,000 |
| Retail (Max) | 1 | 2000 | ₹134,000 |
| HNI (Min) | 2 | 4,000 | ₹268,000 |
| Lot Size Calculator | |||
Mandeep Auto Industries IPO Promoter Holding
The Promoters of the company are Mr. Gurpal Singh Bedi, Mrs. Nidhi Bedi and Mr. Rajveer Bedi
| Share Holding Pre Issue | 99.97% |
| Share Holding Post Issue | 63.53% |
About Mandeep Auto Industries Limited
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.
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 Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,424.73 | 1,963.15 | 1,297.81 | 1,050.17 |
| Revenue | 1,656.76 | 2,978.74 | 2,189.73 | 1,563.49 |
| Profit After Tax | 214.93 | 104.91 | 64.69 | 49.81 |
| Net Worth | 820.80 | 453.54 | 413.61 | 280.42 |
| Reserves and Surplus | 163.81 | |||
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The market capitalization of Mandeep Auto Industries IPO is Rs 69.26 Cr.
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| ROE | 30.15% |
| ROCE | 27.94% |
| Debt/Equity | 1 |
| RoNW | 25.97% |
| P/BV | 5.36 |
Check Mandeep Auto Industries IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.6 | 2.77 |
| P/E (x) | 41.96 | 24.17 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
-
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of December 31, 2023 that is available in RHP.
Objects of the Issue (Mandeep Auto Industries IPO Objectives)
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
Mandeep Auto Industries IPO Prospectus
Mandeep Auto Industries Limited Contact Details
Mandeep Auto Industries Limited
Plot No 26,
Nangla
Faridabad-121001
Phone: +91-129-2440045
Email: info@mandeepautoindustries.com
Website: https://www.mandeepautoindustries.com/
Mandeep Auto Industries IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/