Mandeep Auto Industries Limited IPO : Key Highlights

Mandeep Auto Industries Limited IPO is set to launch on 10 May, 2024. The company was incorporated in 2000. It 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, defence, machine tools, DIY industry etc.

Its manufacturing facilities has advanced technologies to develop and manufacture the products that adhere to the stringent quality control requirements of customers. It also manufactures customised components as per customer specific requirements and use, with high degree of precision both in quality and time with personalised services to a strong customer base in India. It is a preferred partner for the two wheeler industry for specialised products.

Mandeep Auto Industries Limited : IPO DETAILS

Mandeep Auto Industries Limited IPO is set to launch on 13 May, 2024. The subscription timeline extends till 15 May, 2024. The size for the IPO is Rs. 25.25 Crore. The entire issue is a fresh issue of 37.68 Lakh shares amounting to Rs. 25.25 Crore. The lot size is 2000 shares and the price is Rs. 67 per share. The company is going to get listed at NSE SME Board. The face value per share is Rs.10 and this is a Fixed Price Issue. The registrar for the company is Cameo Corporate Services Limited.

Tabular Description of Mandeep Auto Industries Limited IPO

IPO OPENING DATE	13 May, 2024
CLOSING DATE FOR IPO	15 May, 2024
ISSUE TYPE	Fixed Price Issue
Face Value per share	Rs. 10 per share
IPO price band	Rs. 67 per share
LOT SIZE	2000 shares
MINIMUM ORDER QUANTITY	2000 shares
ISSUE SIZE	Rs. 25.25 Crore
OFFER FOR SALE	NIL
FRESH ISSUE	Rs. 25.25 Crore
LISTING AT	NSE SME Board
LISTING DATE	21 May, 2024

Mandeep Auto Industries Limited IPO: IMPORTANT DATES

IPO OPENING DATE	13 May, 2024
CLOSING DATE FOR IPO	15 May, 2024
IPO ALLOTMENT DATE	16 May, 2024
REFUNDS	17 May, 2024
DEMAT A/C CREDITED ON	17 May, 2024
IPO LISTING DATE	21 May, 2024

Mandeep Auto Industries Limited IPO begins for subscription from 13 May, 2024. The IPO subscription would continue till 15 May, 2024. The allotment status for the shareholders who applied would come on 16 May, 2024. The refunds for the ones who did not get allotment would be initiated on 17 May, 2024. The DEMAT accounts of shareholders would be credited on 17 May, 2024. The listing of the company would be completed on 21 May, 2024.

Mandeep Auto Industries Limited IPO: Lead Managers

The lead managers are :

• Jawa Capital Services Private Limited

The minimum and maximum lot size for retail investors is 2000 shares, amounting to Rs. 134000. The minimum lot size for HNI is 4000 shares, amounting to Rs. 268000.  

	Shares	Amount
Retail (Minimum)	2000 shares	Rs. 134000
Retail (Maximum)	2000 shares	Rs. 134000
HNI (Minimum)	4000 shares	Rs. 268000

OBJECTIVES FOR THE IPO

• 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

COMPANY FINANCIALS

Particularly                  (in Rs. Lakhs)	2020-21	2021-22	2022-23	Dec-2023
Asset	1050.17	1297.81	1963.15	2424.73
Revenue	1563.49	2189.73	2978.74	1656.76
PAT	49.81	64.69	104.91	214.93

Mandeep Auto Industries Limited had an asset base of Rs. 1050.17 Lakhs in 2021 which increased to Rs. 1963.15 Lakhs in 2023.The asset base of the firm jumped to Rs. 2424.73 Lakhs as on Dec-2023. The revenue for the company was Rs. 1563.49 Lakhs in 2021, which increased to Rs. 2978.74 Lakhs in 2023. The revenue for 9 months ending December 2023 was Rs. 1656.76 Lakhs. The profit of the company increased from Rs. 49.81 Lakhs in 2021 to Rs. 104.91 Lakhs in 2023. The profit generated for the 9 months ending December 2023 was Rs. 214.93 Lakhs.

PROS

• The company is in the business of specialised auto components and enjoys preferred partner tag from two wheeler industry. It is expanding its capacities to meet the rising demand.
• It marked steady growth in its top and bottom lines.
• Its manufacturing facilities has advanced technologies to develop and manufacture the products that adhere to the stringent quality control requirements of customers. It also manufactures customised components as per customer specific requirements and use.

Mandeep Auto Industries Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Mandeep Auto Industries Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.