May 21, 2024
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Mandeep Auto Industries IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Mandeep Auto Industries IPO Post Listing Review: Listed at Rs. 62.25, discount of 7.09% over the issue price of Rs. 67. The listing has been very much below the expectations of the grey market players.
What was the last GMP of Mandeep Auto Industries IPO?*
Premium: Rs.4
Subject to Rs.6100
Check Subscription status of Mandeep Auto Industries IPO
On 15 May 2024 @ 5.00 (Day 3) (Closed)
Review: Ok response on Day 2
NII: 61.54 T
RII: 90.57 T
Total: 77.23 T
Application: 81018
Amount wise Subscription: Rs. 3953 Crore
What is the business of Mandeep Auto Industries?
Mandeep Auto Industries is engaged in the business of manufacturing and supplying sheet metal
components, auto parts, and all types of sprocket gears and machined components, that finds its
application in a diverse industry, such as tractor, automobiles, material handling & earth moving
equipment, railways, defense, machine tools, DIY industry etc.
It manufactures these products from its Manufacturing Unit. It also manufactures customized components as per customer specific requirements and use, with high degree of precision both in quality and time with personalized services to its strong customer base in India.
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 employed 54 people and had 15 contract labourers.
Get more information about the company @ https://www.mandeepautoindustries.com/
| Mandeep Auto Industries IPO Details | |
| IPO opens on | 13 May 2024 |
| IPO closes on | 15 May 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3768000 Sh /Rs 25.25 Cr |
| * Fresh Issue | 3768000 Sh /Rs 25.25 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 190000 Sh. |
| Net offer to Public | 3578000 Sh./Rs.23.97 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs.67 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | NSE SME |
| Shares offered in Mandeep Auto Industries IPO | ||
| Shares | Rs. (Cr) | |
| QIB (0%) | – | – |
| NII (50%) | 1789000 | 11.99 |
| RII (50%) | 1789000 | 11.98 |
| Total Shares | 3578000 | 23.97 |
| Retail portion will be oversubscribed by | 895 | |
| Forms | ||
| How much Shares to Apply in Mandeep Auto Industries IPO? | ||
| Min Retail Application | 2000 Sh | Rs. 134000 |
| Min HNI Application | 4000 Sh | Rs.268000 |
Who are the Promoters of Mandeep Auto Industries IPO?
The Promoters of the company are Mr. Gurpal Singh Bedi, Mrs. Nidhi Bedi and Mr. Rajveer Bedi
What are the Objects of Mandeep Auto Industries IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
The objects of the present issue of Equity Shares are:
1.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.
2.Repayment/prepayment of certain borrowings availed by the Company;
3.Funding working capital requirements; and d. General Corporate Purpose
| Mandeep Auto Industries IPO Tentative timetable | |
| IPO opens on | 13 May 2024 |
| IPO Closes on | 15 May 2024 |
| IPO Allotment on | 16 May 2024 |
| Refund Initiation | 17 May 2024 |
| Credit of Shares | 17 May 2024 |
| Listing on | 21 May 2024 |
| Registered Office of the Company Mandeep Auto Industries Limited Plot No 26, Nangla Faridabad-121001 |
| Who is the Lead Manager of Mandeep Auto Industries IPO? Jawa Capital Services Pvt Ltd |
| Who is the Registrar to IPO? Cameo Corporate Services Limited |
| Mandeep Auto Industries IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 15.63 | 0.50 | – | 17.76 |
| 2021-22 | 21.90 | 0.65 | – | 15.64 |
| 2022-23 | 29.79 | 1.05 | – | 23.13 |
| Book Value of the Share on | 31.08.2023 | Rs 10.07 | ||
| BV of the Share at cap price | after the IPO | Rs. 30.82 | ||
| Offer Price/upper band | Rs. 67.00 | |||
| Mandeep Auto Industries IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | * |
| Price/BV Ratio | 6.65 |
| Upper price/BV after IPO | 2.17 |
How Mandeep Auto Industries IPO compares with the Peers?
How PE ratio of the company is arrived at is explained in our guidance given below:
| As per DRHP | FV | Total Income | PE Ratio |
| Rs. | In Cr. | @ | |
| Mandeep Auto Industries | 10 | 24.10 | |
| Kranti | 10 | 49.95 | |
| Porwal Auto | 10 | (76.13) | |
| Lumax Auto Technologies | 2 | 34.28 | |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Mandeep Auto Industries IPO To the point Guidance
Mandeep Auto Industries is engaged in the business of manufacturing and supplying sheet metal
components, auto parts, and all types of sprocket gears and machined components, that finds its
application in a diverse industry, such as tractor, automobiles, material handling & earth moving
equipment, railways, defense, machine tools, DIY industry etc.
It manufactures these products from its Manufacturing Unit.
Size: The net offer is of Rs. 23.97 Crore/3578000 shares. Retail portion is Rs. 11.98 crore and it can get one time subscribed with 895 applications. Though the size of the IPO is somewhat large, over subscription may not be an issue.
Financial Snapshot: The company has taken over running business of one of the promoters on 30 August 2023. So, for analysis of the profitability, we have to profits of the sole proprietary business into account. The Sole proprietorship business earned net profit of Rs. 104.91 lacs during 2022-23 and Rs. 77.50 lacs in the five months-period ended on 31 August 2023. The company has issued bonus shares on 31 August 2023 and hence the equity shares capital stands at 6569184 shares. To arrive at earnings per share, we have considered bonus shares and accordingly, the EPS comes to Rs. 2.78 for the year 2022-23. The shares are offered at Rs 67. So, we can assume PE ratio of 24.10. Compare the same with peer group companies. Small listing gains is possible. May Apply.
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Mandeep Auto Industries IPO GMP today details?
Mandeep Auto Industries IPO
Mandeep Auto Industries IPO FAQs
What is Mandeep Auto Industries IPO?
Mandeep Auto Industries is a SME IPO of 6700000 equity shares of the face value of Rs. 10 aggregating up to Rs.? Crores. The issue is priced at Rs.? per share. The minimum order quantity is ? Shares.
When will Mandeep Auto Industries IPO open?
Mandeep Auto Industries IPO opens on April ?, 2024, and closes on April ?, 2024.
What is the lot size of Mandeep Auto Industries IPO?
Mandeep Auto Industries IPO lot size is ? Shares, and the minimum amount required is Rs.?.
How to apply for Mandeep Auto Industries IPO?
You can apply in Mandeep Auto Industries 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. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Mandeep Auto Industries IPO allotment?
The finalization of Basis of Allotment for Mandeep Auto Industries IPO will be done on April ?, 2024, and the allotted shares will be credited to your demat account by April ?, 2024.
When is Mandeep Auto Industries IPO listing date?
Mandeep Auto Industries IPO listing date is April ?, 2024.
