Mandeep Auto Industries IPO Subscription Status, Rate

Mandeep Auto Industries IPO Subscription Status, Rate

Mandeep Auto Industries IPO Subscription Status: Mandeep Auto Industries IPO is Open on May 13, 2024 and Close on May 15, 2024. 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).

  • The Retail Quota is 50%
  • QIB is -%
  • NII is 50%.

Mandeep Auto Industries IPO is an SME IPO and Listed on NSE SME. Mandeep Auto Industries IPO Price Band is Fixed at ₹67 Equity Share. Mandeep Auto Industries IPO Lot Size is 2000 Shares.

About Mandeep Auto Industries IPO :

  • Mandeep Auto Industries 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.
  • 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 Subscription Status, Rate bid times

Inv Category Shares Reserved No. of Shares bid for No. of Times (Subscription)
Market Maker 1,90,000 1,90,000 1
Non Institutional Buyers (NIIs) 17,89,000 11,00,94,000 61.54
Retail Individual Buyers (RIIs) 17,89,000 16,20,36,000 90.57
Total 35,78,000 27,63,14,000 77.23

 

 

Mandeep Auto Industries Subscription Status day-by-day-

Categories 13 May 14 May 15 May
QIB 0.00 0.00 0.00
NII 0.26 3.02 61.54
RII 1.57 12.84 90.57
Total 0.92 7.94 77.23

 

 

 

Mandeep Auto Industries Investor Categories

  • Qualified Institutional Buyers (QIB).
  • Non- Institutional Investors (NII).
  • Retail individual Investors (RII).
  • Employee (EMP).
  • Others (Eligible Shareholders).

Who Is QIB In IPO?

QIB Stands For “Qualified Institutional Buyer” In The Context Of An IPO (Initial Public Offering). QIBs Are A Category Of Institutional Investors Who Are Considered Financially Sophisticated And Meet Certain Regulatory Criteria For Participating In Capital Markets. In The Context Of An IPO, QIBs Play A Significant Role As They Contribute To The Overall Demand For Shares And Help Determine The Success Of The Offering.

Who Is NII In IPO?

NII Stands For “Non-Institutional Investors” In The Context Of An IPO (Initial Public Offering). Non-Institutional Investors Are A Category Of Investors Who Participate In The IPO Alongside Institutional Investors And Retail Investors. NII Typically Includes High Net Worth Individuals (HNIs), Corporate Bodies, Trusts, And Other Entities That Are Not Classified As Institutional Investors But Have The Financial Capacity To Invest Significant Amounts In The IPO.

Who Is RII In IPO?

RII Stands For “Retail Individual Investor” In The Context Of An IPO (Initial Public Offering). Retail Individual Investors Are Individual Investors Who Participate In The IPO Alongside Institutional Investors And Non-Institutional Investors. RII Typically Includes Individual Investors Who Do Not Meet The Criteria To Be Classified As Institutional Investors Or Non-Institutional Investors.

Who Is EMP In IPO?

“EMP” In The Context Of An IPO (Initial Public Offering) Typically Stands For “Employee.” In Some IPOs, A Certain Portion Of The Shares May Be Reserved For Allocation To Employees Of The Company Going Public. These Employees Are Often Referred To As “Employee Shareholders” Or “Employee Participants” (EMP).

Mandeep Auto Industries Review From MoneyMintIdea –

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