Mandeep Auto Industries IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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    Mandeep Auto Industries IPO Latest updates:
    The company will enter the market on 13 May and listing is expected on May 21, 2024.



    What is the latest GMP of Mandeep Auto Industries IPO?*
    Latest GMP & Subject to rates: Click

    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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    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.

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