Mandeep Auto Industries Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

13 May 2024

Close Date

15 May 2024

Allotment

16 May 2024

Listing Date

21 May 2024

Exchange

NSE SME

Price Band

₹67

Listing Price

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Allotment Status

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Price Band

₹67

Per share

Face Value

₹10 per share

Lot Size

2,000 Shares

per lot

Issue Size

37,68,000 shares (aggregating up to ₹25.25 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹134,000

1 lot

Pre-IPO Holding

65,69,894 shares

Promoters

Post-IPO Holding

1,03,37,894 shares

Promoters

P/E (Pre)

10.15x

P/E (Post)

21.97x

EPS (Pre)

₹6.60

EPS (Post)

₹2.77

UPI Deadline

2024-05-15

Mandate

Anchor AllotmentSun, 12 May 2024

Basis of AllotmentThu, 16 May 2024

Refund InitiationFri, 17 May 2024

Demat CreditFri, 17 May 2024

Listing DayTue, 21 May 2024

UPI Mandate Deadline2024-05-15

Sale TypeFresh Capital

Net Offer to Public35,78,000 shares (aggregating up to ₹23.97 Cr)

Market Maker Quota1,90,000 shares (aggregating up to ₹1.27 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Mandeep Auto Industries Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 15 May 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	190,000	—	₹1.27
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	3,768,000	100%	₹25.25

IPO Shares Offered

Mandeep Auto Industries Ltd IPO total issue size: ₹25.25 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	190,000	₹1.27	5.04%
Total	3,768,000	₹25.25	100.00%

* Based on upper price band ₹67 per share

Lot Size & Investment

Lot Size

2,000

Shares per Lot

Issue Price

₹67.00

Upper Band

Min Investment

₹134,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	4,000	₹268,000
Retail (Max — 13 Lots)	13	26,000	₹1,742,000
S-HNI (Min — 14 Lots)	14	28,000	₹1,876,000
B-HNI (Min — 68 Lots)	68	136,000	₹9,112,000

* Issue Price ₹67 × Lot Size 2,000 shares

IPO Schedule

Anchor

12 May 2024

✓ Done

IPO Open

13 May 2024

✓ Done

IPO Close

15 May 2024

✓ Done

Allotment

16 May 2024

✓ Done

Refunds

17 May 2024

✓ Done

Demat Credit

17 May 2024

✓ Done

Listing Day

21 May 2024

✓ Done

₹67.00

INR · NSE

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Issue ₹67.00 Live Price

About Mandeep Auto Industries Ltd

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.

Objects 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/machineries, etc.

Repayment/prepayment of certain borrowings availed by the Company;

Funding working capital requirements; and d. General Corporate Purpose

Mandeep Auto Industries Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹2,189.7

31 Mar 2022

₹2,978.7

31 Mar 2023

₹1,656.8

31 Dec 2023

Profit After Tax (PAT)

₹64.7

31 Mar 2022

₹104.9

31 Mar 2023

₹214.9

31 Dec 2023

Particulars	31 Dec 2023	31 Mar 2023	31 Mar 2022
Revenue from Operations	1656.76	2978.74	2189.73
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	214.93	104.91	64.69
Net Worth	820.80	453.54	413.61
Total Assets	2424.73	1963.15	1297.81
Reserves & Surplus	163.81	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

P/BV Ratio

5.36

RoE

30.15

RoCE

27.94

RoNW

25.97

Debt/Equity

1.00

Issue Structure & Shareholding

Total Shares Offered37,68,000 (100.00%)

Net Offer to Public35,78,000 shares (aggregating up to ₹23.97 Cr)

Reserved for Market Maker1,90,000 shares (aggregating up to ₹1.27 Cr)

Pre-Issue Promoter Holding65,69,894 shares

Post-Issue Promoter Holding1,03,37,894 shares

P/BV Ratio5.36

RoE30.15

RoCE27.94

Debt / Equity1.00

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Cameo Corporate Services Ltd

+91-44-28460390

ipo@cameoindia.com

https://ipo.cameoindia.com/

Check Allotment

Book Running Lead Managers

Jawa Capital Services Pvt.Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Mandeep Auto Industries Ltd IPO subscribed? ▲

Mandeep Auto Industries Ltd IPO is subscribed 1.00 times by May 15, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Mandeep Auto Industries Ltd IPO retail subscription status? ▼

The Mandeep Auto Industries Ltd IPO retail category is subscribed 1.00 times as of 15 May 2024. The retail portion is oversubscribed.

How to subscribe Mandeep Auto Industries Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 13 May 2024 and closes 15 May 2024. Min investment: ₹134,000 (1 lot = 2,000 shares). UPI mandate: 2024-05-15.

How many times Mandeep Auto Industries Ltd IPO subscribed? ▼

The Mandeep Auto Industries Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Mandeep Auto Industries Ltd IPO allotment? ▼

Check allotment on the registrar website (Cameo Corporate Services Ltd) at https://ipo.cameoindia.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 16 May 2024. Refunds: on 17 May 2024.

When Mandeep Auto Industries Ltd IPO will be listed? ▼

The Mandeep Auto Industries Ltd IPO listing date is 21 May 2024, Tuesday. Listed on: NSE SME. Issue price: ₹67. Estimated listing: ₹67. GMP: NIL.

When Mandeep Auto Industries Ltd IPO close? ▼

The Mandeep Auto Industries Ltd IPO closes on 15 May 2024, Wednesday. UPI mandate: 2024-05-15. Allotment: 16 May 2024. Listing: 21 May 2024.

Quick Actions

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Live Price LIVE

Last Price₹67.00

Change—

Issue Price₹67.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹67

Face Value₹10

Lot Size2,000 Sh

Min. Amount₹134,000

GMPNIL

Est. Listing₹67

Subscribed1.00x

Open Date13 May 2024

Close Date15 May 2024

Allotment16 May 2024

Listing Date21 May 2024

ExchangeNSE SME

UPI Deadline2024-05-15