What you must know about Mandeep Auto Industries IPO?
by 5paisa Research Team
08 May 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 21-May-24
- IPO Price Range ₹ 67
- Listing Price ₹ 62.25
- Listing Change -7.1%
- Last Traded Price ₹ 41.65
- Current Change -37.8%
Mandeep Auto IPO Details
- Open Date 13-May-24
- Close Date 15-May-24
- Lot Size 2000
- IPO Size ₹ 25.25 Cr
- IPO Price Range ₹ 67
- Min Investment ₹ 134,000
- Listing Exchange NSE SME
- Basis of Allotment 16-May-24
- Refunds 17-May-24
- Credit to Demat Account 17-May-24
- Listing Date 21-May-24
Mandeep Auto Industries IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 13-May-24 | - | 0.26 | 1.57 | 0.90 |
| 14-May-24 | - | 3.01 | 12.79 | 7.91 |
| 15-May-24 | - | 61.54 | 90.57 | 77.23 |
Mandeep Auto IPO Synopsis
Last Updated: 15th May, 2024 by 5paisa
Mandeep Auto Industries Limited IPO is all set to open from 13th May to 15th May 2024. The company makes and supplies sheet metal components, auto parts, and more. The IPO includes a fresh issue of 3,768,000 shares worth ₹25.25 cr. The share allotment date is 16th May 2024, and the IPO will be listed on 21st May 2024 on the stock exchanges. The price band is ₹67 and the lot size is 2000 shares.
Jawa Capital Services Private Limited is the book-running lead manager for this IPO, while Cameo Corporate Services Limited is the registrar.
Objectives of Mandeep Auto Industries IPO
Mandeep Auto Industries Limited plans to utilize the raised capital from the IPO to:
● To meet the working expenditure requirement to expand the current manufacturing unit in Nangla, Faridabad, Haryana by constructing a building on the adjacent land and buying Machinery, etc.
● To repay or prepay borrowings obtained by the company.
● To meet the working Capital requirement.
● General Corporate Purposes.
Mandeep Auto IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO size | 25.25 |
| Offer for sale | - |
| Fresh issue | 25.25 |
Mandeep Auto IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹134,000 |
| Retail (Max) | 1 | 2000 | ₹134,000 |
| HNI (Min) | 2 | 4000 | ₹268,000 |
Mandeep Auto IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| Market Maker | 1 | 1,90,000 | 1,90,000 | 1.27 |
| NII | 61.54 | 17,89,000 | 11,00,94,000 | 737.63 |
| Retail | 90.57 | 17,89,000 | 16,20,36,000 | 1,085.64 |
| Total | 77.23 | 35,78,000 | 27,63,14,000 | 1,851.30 |
About Mandeep Auto Industries
Mandeep Auto Industries makes and supplies sheet metal components, auto parts, and all types of sprocket gears and machined components. These are used in a wide range of industries like tractor, automobiles, material handling & earth moving equipment, railways, defense, machine tools, DIY industry, and more.
The company also has ISO 9001:2015 and ISO 14001:2015 certifications for quality. It has marquee domestic and global OEMs in the automobile sector.
Peer Comparison
● Kranti Industries Limited
● Porwal Auto Components Limited
● Lumax Auto Technologies Limited
For More Information:
Webstory on Mandeep Auto Industries IPO
Mandeep Auto Industries Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 29.08 | 21.89 | 15.63 |
| EBITDA | 2.20 | 1.44 | 1.25 |
| PAT | 1.04 | 0.65 | 0.50 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 19.63 | 12.97 | 10.50 |
| Share Capital | 4.53 | 4.13 | 2.80 |
| Total Borrowings | 15.09 | 8.84 | 7.69 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -1.71 | -1.34 | -3.52 |
| Net cash from / (used in) investing activities | -0.12 | -0.22 | -0.42 |
| Net cash flow from / (used in) financing activities | 1.82 | 1.59 | 3.59 |
| Net increase (decrease) in cash and cash equivalents | -0.016 | 0.024 | -0.35 |
Mandeep Auto IPO Key Points
-
Strengths
1. The company has a long-standing relationship with clients and suppliers.
2. It has a Strong & experienced R&D team.
3. The company has a Wide range of Products.
4. The company also maintains high quality with ISO 9001:2015 and ISO 14001:2015 certifications.
5. Experienced Promoters and management team.
-
Risks
1. The manufacturing process involves the use of hazardous and flammable industrial chemicals.
2. It has a very limited operating history.
3. The company’s top clients account for more than 82.47% of the revenue.
4. High working capital requirements.
5. It has reported negative cash flow in the past.
Mandeep Auto
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Mandeep Auto IPO FAQs
When does Mandeep Auto Industries IPO opens and closes?
Mandeep Auto Industries IPO opens from 13th May to 15th May 2024.
What is the size of Mandeep Auto Industries IPO?
The size of Mandeep Auto Industries IPO is ₹25.25 cr.
How to apply for Mandeep Auto Industries IPO?
To apply for Mandeep Auto Industries IPO, follow the steps given below
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for Mandeep Auto Industries IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of Mandeep Auto Industries IPO?
The price band of Mandeep Auto Industries IPO is fixed at ₹67 per share.
What is the minimum lot size and investment required for Mandeep Auto Industries IPO?
The minimum lot size of Mandeep Auto Industries IPO is 2000 shares and the investment required is ₹1,34,000.
What is the allotment date of Mandeep Auto Industries IPO?
The share allotment date of Mandeep Auto Industries IPO is 16th May 2024.
What is Mandeep Auto Industries IPO listing date?
The Mandeep Auto Industries IPO will be listed on 21st May 2024.
Who are the book runners for Mandeep Auto Industries IPO?
Jawa Capital Services Private Limited is the book-running lead manager for Mandeep Auto Industries IPO.
What is the objective of Mandeep Auto Industries IPO?
Mandeep Auto Industries plans to utilize the raised capital from the IPO to:
● To meet the working expenditure requirement to expand the current manufacturing unit in Nangla, Faridabad, Haryana by constructing a building on the adjacent land and buying Machinery, etc.
● To repay or prepay borrowings obtained by the company.
● To meet the working Capital requirement.
● General Corporate Purposes.
Contact Details of Mandeep Auto Industries IPO
Contact Information
Mandeep Auto Industries Limited
Plot No 26,
Nangla
Faridabad-121001
Phone: +91-129-2440045
Email: info@mandeepautoindustries.com
Website: https://www.mandeepautoindustries.com/
Mandeep Auto Industries IPO Register
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
Mandeep Auto Industries IPO Lead Manager
Jawa Capital Services Private Limited
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