Mandeep Auto Industries Limited IPO Detail

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.

Company Promoters

Mr. Gurpal Singh Bedi, Mrs. Nidhi Bedi and Mr. Rajveer Bedi

Expected Gray Market Premium(GMP):

GMP	Kostak	Subject
₹20 (30%)	-	-

IPO Details

IPO Opening Date	May 13, 2024
IPO Closing Date	May 15, 2024
Issue Type	Fixed Price Issue IPO
Face Value	₹10 per equity share
IPO Price	₹67 per equity share
Market Lot	2000 Shares
Min Order Quantity	2000 Shares
Listing At	NSE SME
Issue Size	₹25.25 Cr
Fresh Issue	₹25.25 Cr
Offer for Sale	-
Retail Portion	50%

IPO Subscription (Bidding Detail)

AS On	QIB	SHNI	BHNI	NII	RII	TOTAL
Day 1	0.00x	0.00x	0.00x	0.26x	1.57x	0.92x
Day 2	0.00x	0.00x	0.00x	3.02x	12.84x	7.94x
Day 3	0.00x	0.00x	0.00x	61.54x	90.57x	77.23x

IPO Tentative Timetable

The Mandeep Auto Industries Limited IPO open date is May 13, 2024, and the close date is May 15, 2024. The issue may list on May 21, 2024.

IPO Open Date	May 13, 2024
IPO Close Date	May 15, 2024
Basis of Allotment Date	May 16, 2024
Initiation of Refunds	May 17, 2024
Credit of Shares to Demat Account	May 17, 2024
IPO Listing Date	May 21, 2024

IPO Lot Size

The Mandeep Auto Industries Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹134000).

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	2000	₹134000
Maximum	1	2000	₹134000

IPO Promoter Holding

Pre Issue Share Holding	99.97%
Post Issue Share Holding	63.53%

Company Financials:

For the year/period ended (₹ in Lakhs)

Financial Year	Total Assets	Total Revenue	Profit After Tax
31-Mar-21	1050.17	1563.49	49.81
31-Mar-22	1297.81	2189.73	64.69
31-Mar-23	1963.15	2978.74	104.91
31-Aug-23	2131.31	510.27	55.89

Objects of the Issue:

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 Limited IPO Registrar:

Cameo Corporate Services Limited

Mandeep Auto Industries Limited IPO Lead Manager(s):

Jawa Capital Services Private Limited

Company Contact Information:

Mandeep Auto Industries Limited

Plot No 26,

Nangla

Faridabad-121001