Mandeep Auto Industries IPO will open for subscription from 13 May 2024. The company aims for an issue size of ₹25.25 Cr through this IPO.
Company Overview
| Full name | Mandeep Auto Industries Limited |
| Sector | Automobile & Ancillaries |
| Industry | Auto Ancillary |
| Company Website | https://www.mandeepautoindustries.com/ |
About Company
Mandeep Auto Industries specializes in the manufacturing and supply of sheet metal components, auto parts, various types of sprocket gears, and machined components. These products are utilized across a wide range of industries, including tractors, automobiles, material handling and earth-moving equipment, railways, defense, machine tools, and the DIY industry.
Experienced professionals with extensive expertise in press and machining components support the company. It holds ISO 9001:2015 and ISO 14001:2015 certifications. Mandeep Auto manufactures customized components tailored to meet specific customer requirements, offering high precision in both quality and timing. The company currently serves customers located throughout North India, including Haryana, Uttar Pradesh, Uttarakhand, Punjab, and Delhi. As of November 2023, the company employs 54 people on its payroll and also has 15 contract laborers.
The Objectives 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 the existing manufacturing unit, purchase of equipment/machinery, etc.
- Repayment/prepayment of certain borrowings availed by the Company;
- Funding working capital requirements; and d. General Corporate Purpose
Mandeep Auto Industries IPO Timetable
| IPO Opening date | 13 May 2024 |
| IPO Closing | 15 May 2024 |
| Basis of Allotment | 16 May 2024 |
| Initiation Refund | 17 May 2024 |
| Credit to Demat Account | 17 May 2024 |
| Listing Date | 21 May 2024 |
Mandeep Auto Industries IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹25.25 Cr – 3,768,000 shares |
| Fresh Issue | ₹25.25 Cr – 3,768,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹67 per share |
| Lot size | 2000 Shares |
| Market Maker portion | 190,000 shares |
| Shareholding pre-issue | 6,569,894 |
| Shareholding post-issue | 10,337,894 |
| Listing Exchange | NSE SME |
Mandeep Auto Industries IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹134,000 |
| Retail (Max) | 1 | 2000 | ₹134,000 |
| HNI (Min) | 2 | 4,000 | ₹268,000 |
Mandeep Auto Industries IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 190,000 (5.04%) |
| Other Shares Offered | 1,789,000 (47.48%) |
| Retail Shares Offered | 1,789,000 (47.48%) |
| Total Shares Offered | 3,768,000 (100%) |
Mandeep Auto Industries Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 5M FY 2024* | |
| Revenue | 15.63 | 21.90 | 29.10 | 10.06 |
| Expenses | 14.38 | 20.46 | 27.58 | 8.71 |
| Net income | 0.49 | 0.65 | 1.05 | 0.78 |
Mandeep Auto Industries Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | 1 July – 31 August 2023 | |
| EPS | – | – | – | 21.57 |
| PE ratio | – | – | – | 3.11 |
| RONW (%) | 17.76 | 15.64 | 23.13 | 8.45 |
| NAV | – | – | – | 10.07 |
| ROCE (%) | 29.13 | 20.07 | 31.59 | 9.03 |
| EBITDA (%) | 8.04 | 6.58 | 7.42 | 19.17 |
| Debt/Equity | 0.54 | 0.74 | 1.83 | 1.25 |
Company Promoters
- Mr. Gurpal Singh Bedi
- Mrs. Nidhi Bedi
- Mr. Rajveer Bedi
Promoter Holding
| Pre Issue Share Holding | 99.97% |
| Post Issue Share Holding | 63.53% |
Mandeep Auto Industries IPO Lead Manager(s)
JAWA CAPITAL SERVICES PRIVATE LIMITED
Plot No. 93, First Floor, Pocket 2,
Near DAV School, Jasola, New Delhi- 110025
Phone:+91-11-47366600
Email: mbd@jawacapital.in
Website: www.jawacapital.in
Mandeep Auto Industries Registrar
CAMEO CORPORATE SERVICES LIMITED
“Subramanian Building”, No. 01, Club House Road,
Mount Road, Chennai – 600 002, Tamil Nadu
Phone: +91-44-40020700
Email: investor@cameoindia.com
Website: www.cameoindia.com
Mandeep Auto Industries Contact Details
MANDEEP AUTO INDUSTRIES LIMITED
Plot No 26, Nangla,
Faridabad Haryana -121001
Phone: +91-129-2440045
E-mail: info@mandeepautoindustries.com
Website: www.mandeepautoindustries.com
Mandeep Auto Industries IPO Allotment Status
Mandeep Auto IPO allotment status will be available on Cameo Corporate Services’ website. Click on Cameo Corporate Services weblink to get allotment status.
Final thoughts
Mandeep Auto Industries IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
