Mandeep Auto Industries ipo Details Today: Mandeep Auto Industries IPO is Open on [.] and Close on [.]. Mandeep Auto Industries IPO to Raise 3,768,000 shares (Approx ₹25.25 Cr) via IPO. The Fresh Issue of 3,768,000 shares (Approx ₹25.25 Cr).
our 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 etc.
Our Customer-
We believe that we have strong and well-established relationships with several marquee domestic and global OEMs in the automobile sector such as 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).
Mandeep Auto industries IPO Date & Price Band Details
| IPO Open Date | 13 May 2024 |
|---|---|
| IPO Close Date | 15 May 2024 |
| IPO Size | 3,768,000 shares (Approx ₹25.25 Cr) |
| Fresh Issue | 3,768,000 shares (Approx ₹25.25 Cr) |
| Lot Size | 2000 Shares |
| IPO Face Value | ₹10 Per Equity Share" |
| IPO Price Band | ₹67 Per Every Share |
| IPO Listing On | NSE SME |
| IPO Retail Quota | 50% |
| IPO QIB Quota | -% |
| IPO NII Quota | 50% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
Mandeep Auto industries IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹134,000 |
| Retail Maximum | 1 | 2000 | ₹134,000 |
| S-HNI Minimum | 2 | 4000 | ₹268,000 |
Object Of the Issue
- 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.
- Repayment/prepayment of certain borrowings availed by our Company.
- Funding working capital requirements.
- General Corporate Purpose.
Mandeep Auto industries IPO Allotment & Listing Date (Details)
| IPO Open Date | 13 May 2024 |
|---|---|
| IPO Close Date | 15 May 2024 |
| Basis of Allotment | 16 May 2024 |
| Refunds | 17 May 2024 |
| Credit to Demat Account | 17 May 2024 |
| IPO Listing Date | 21 May 2024 |
Mandeep Auto industries Financial Reports
| ₹ in Lakhs | |||
|---|---|---|---|
| Year | Revenue | NetWorth | PAT |
| Aug 2023 | ₹410.27 | ₹661.77 | ₹55.89 |
| 2023 | ₹2,978.74 | ₹453.54 | ₹104.91 |
| 2022 | ₹2,189.73 | ₹413.61 | ₹64.69 |
| 2021 | ₹1,563.49 | ₹280.42 | ₹49.81 |
Qualitative Factors
- Experienced Promoters and Management Team.
- Wide range of Products.
- Long-standing relationship with clients and suppliers.
- Quality standards.
- Legacy Business Process & Management.
- Strong and experienced R&D team.
Mandeep Auto industries Comparison Listed Industry Peers Group
| Company Name | Face Value | EPS | P/E Ratio | Ro NW (%) | Book Value per Share ( Rs.) |
|---|---|---|---|---|---|
| Mandeep Auto Industries Limited | 10.00 | 21.57 | 3.11 | 8.45% | 10.07 |
| Peer Group | |||||
| Kranti Industries Limited | 10.00 | 1.95 | 49.95 | 8.49% | 23.02 |
| Porwal Auto Components Limited | 10.00 | 0.68 | 76.13 | 1.75% | 39.01 |
| Lumax Auto Technologies Limited | 2.00 | 10.79 | 34.28 | 12.62% | 85.50 |
Our Company Promoters-
- Mr. Gurpal Singh Bedi
- Mr. Rajveer Sing Bedi
- Mrs. Nidhi Bedi
- Mrs. Manjeet Kaur
Comparison of Accounting ratios with Industry peers
- Mandeep Auto Industries Limited*
- Kranti Industries Limited
- Porwal Auto Components Limited
- Lumax Auto Technologies Limited
Mandeep Auto Industries Company Contact Details
Plot No 26 , Nangla Faridabad Haryana -121001;
Tel: +91-129-2440045;
Email: info@mandeepautoindustries.com
Website: www.mandeepautoindustries.com
Mandeep Auto Industries IPO Registar
CAMEO CORPORATE SERVICES LIMITED
Address: “Subramanian Building”, #1, Club House Road,
Chennai – 600 002,
Tel : +91-44-40020700, 28460390
Online Investor Portal: https://wisdom.cameoindia.com
Investor Grievance Email: ipo@cameoindia.com
Website: www.cameoindia.com
Contact Person: Mr. K. Sreepriya
About Mandeep Auto Industries-
We are proud to have M/s Tube Investments of India Limited (Chennai, Tamil Nadu) as one of our esteemed customers, which is a part of INR 742 billion Murugappa Group founded in the year 1900. Murugappa Group is one of India’s leading business M/s Jain Industrial Products Private Limited (Hissar, Haryana) is also one of our proud customers, which is also an OSHAS (Occupational Health & Safety Assessment Series) 18001:2007 certified company founded in 1986. They further do some processing of the products manufactured and supplied by us resulting in to high quality products adhering to customers’ requirements and specification and then sell it to others in the market.
Similarly, M/s Rockman Industries Limited Group having several units in various states of India is also one among our key customers in close proximity to our manufacturing unit. Hence indirectly we are associated with the brand HERO group which is also a parent company to M/s. Rockman Industries which today is an industry leader for Aluminium die casting, machined and painted assemblies’ supplier. The Hero Group, now “A household name in India” and one of the leading business conglomerates in the country which is diversified across more than six industry verticals comprising Automotive & Auto Components, Financial Services, Renewable Energy, Electronics & IT Enabled Services and Higher Education & Training.
Committed to delivering outstanding products and services and fostering customer satisfaction, Hero Group has touched millions of lives in India. They are the first-generation founders and had started with manufacturing of bicycle components at Ludhiana in North India. And the Rockman industries which is awarded with several certifications and excellence awards and being a part of HERO group, makes it our prime customer.
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