Mandeep Auto Industries Ltd

Auto Ancillaries

Offer Period :

13th to 5th May 2024

Mandeep Auto Industries Ltd IPO Details

IPO Date 13th to 5th May 2024 Minimum Investment ₹134000 / 1 Lots
Listing Date 2024-05-21 Maximum Investment ₹134000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹25.25 Crores
Price ₹67 to ₹67 per share Fresh Issue ₹25.25 Crores
Lot Size 1 Lots (2000 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 13th to 5th May 2024
Listing Date 2024-05-21
Face Value ₹10 per share
Price ₹67 to ₹67 per share
Lot Size 1 Lots (2000 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹134000 / 1 Lots
Maximum Investment ₹134000 / 1 Lots
Total Issue Size ₹25.25 Crores
Fresh Issue ₹25.25 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

13th May

IPO Starts

15th May

IPO Ends

16th May

Allotment Date

17th May

Initiation of Refund

17th May

Credit of Shares to Demat Account

21st May

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 99.94 63.51
Public Group 0.06 36.49

Mandeep Auto Industries Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 1788000(47.45%)
Retail Shares Offered 1790000(47.51%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 3768000
Total Shares With Anchor Investor 3768000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Mandeep Auto Industries Ltd IPO Registrar

Cameo Corporate Services Ltd
Phone Number +91-44-40020700, 28460390
Email Id ipo@cameoindia.com
Our Website www.cameoindia.com

Mandeep Auto Industries Ltd IPO Lead Manager

1. Jawa Capital Services Pvt Ltd

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Mandeep Auto Industries Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Mandeep Auto Industries Ltd

1. Experienced Promoters and Management Team.

2. Wide range of Products.

3. Long-standing relationship with clients and suppliers.

4. Quality standards.

5. Legacy Business Process & Management.

6. Strong and experienced R&D team.

Risks Involved

1. The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, and the failure to obtain, retain and renew such approvals and licenses or comply with such rules and regulations, and the failure to obtain or retain them in a timely manner or at all may adversely affect its operations.

2. The land on which its existing manufacturing unit is located and the land on which the company is proposing to carry out expansion activities is an Agricultural Land.

3. The company has a very limited operating history as a Company, which may make it difficult for investors to evaluate its historical performance or future prospects.

4. The company does not have long-term agreements with most of its suppliers or customers and the loss of one or more of them or a reduction in their demand for its products could adversely affect its business, results of operations, financial condition and cash flows. Further, its inability to accurately forecast demand for the company products or manage its inventory or working capital requirements may have an adverse effect on its business, results of operations and financial condition.

5. The company has issued Equity Shares during the last year at a price that may be below the Issue Price.

6. There have been instances of incorrect filing and delays in filing of certain e-forms of the Company in compliance with the Companies Act, 2013. Consequently, its may be subject to regulatory actions and penalties for such delays which may adversely impact its business and financial condition.

7. Its Promoters and Directors were Promoters and Directors in Mandeep Industries Private Limited, which has been struck-off by the Registrar of Companies.

8. The company's business is subject to a variety of safety, health and environmental laws, labour, and workplace related laws and regulations. Any failure on its part to comply with these applicable laws and regulations could have an adverse effect on its operations and financial condition.

9. The Company is yet to place order for 46.23% of machinery as mentioned in its Objects of the Issue. Any delay in placing orders/ procurement of machinery, may delay its implementation schedule and may also lead to increase in price of these machineries.

10. Its top five clients account for more than 85.77% of the company revenue.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Mandeep Auto Industries Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-05-21 92589 MANDEEP
INE0R3T01013
₹67 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹67 ₹67
Open ₹0 ₹62.25
Low ₹0 ₹59.15
High ₹0 ₹65.35
Low ₹0 ₹59.15

Frequently Asked Questions

What is Mandeep Auto Industries Ltd IPO?

Answer Field

Mandeep Auto Industries Ltd IPO is a SME IPO of 37,68,000 equity shares of a face value of ₹10 aggregating up to ₹25.25 Crores. The issue is priced at ₹67 to ₹67 per share. The minimum order quantity is 2000 Shares. The IPO opens on May 13, 2024, and closes on May 15, 2024. Cameo Corporate Services Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Mandeep Auto Industries Ltd IPO will open?

Answer Field

The Mandeep Auto Industries Ltd IPO opens on May 13, 2024 and closes on May 15, 2024.

What is the lot size of Mandeep Auto Industries Ltd?

Answer Field

Mandeep Auto Industries Ltd lot size is 2000 shares, and the minimum amount required is ₹1,34,000.

How to apply for Mandeep Auto Industries Ltd IPO?

Answer Field

You can apply in Mandeep Auto Industries Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• 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.

When is Mandeep Auto Industries Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Mandeep Auto Industries Ltd IPO will be done on May 16, 2024, and the allotted shares will be credited to your demat account by May 17, 2024.

When is Mandeep Auto Industries Ltd IPO listing date?

Answer Field

The Mandeep Auto Industries Ltd listing date is May 21, 2024.

Who is the registrar of Mandeep Auto Industries Ltd IPO?

Answer Field

The registrar of Mandeep Auto Industries Ltd IPO is Cameo Corporate Services Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Jawa Capital Services Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Mandeep Auto Industries Ltd IPO?

Answer Field

The fresh issue size is ₹25.25 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Mandeep Auto Industries Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 2000 shares and ₹1,34,000 amount.

How can I approve the UPI mandate request for Mandeep Auto Industries Ltd IPO?

Answer Field

To apply for Mandeep Auto Industries Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Mandeep Auto Industries Ltd?

Answer Field

The price of each Mandeep Auto Industries Ltd share will be ranging in between ₹67 to ₹67 per share.

What is the cut-off time for the UPI mandate for Mandeep Auto Industries Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, May 15, 2024.

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