Mandeep Auto Industries Limited
Fixed Price Issue IPO · NSE
- Price band
- ₹67 - ₹67
- Lot size
- 2,000 shares
- Issue amount
- ₹25.25 cr
- Total subscription
- 76.09×
- Opens
- 13 May 2024
- Closes
- 15 May 2024
- Allotment
- 16 May 2024
- Listing
- 21 May 2024
Offer at a glance
Issue overview
- Issue size
- 37,68,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,34,000
- Fresh issue
- ₹25.25 cr
- Offer for sale
- ₹0 cr
- Registrar
- Cameo Corporate Services Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,34,000
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 65,69,894
- Shares after issue
- 1,03,37,894
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 2,000 | ₹1,34,000 |
| HNI | 2 | 4,000 | ₹2,68,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 11.99 | 1,085.24 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 6.6 | 0 | 0 |
| ROE | 30.15 | 24.2 | 18.64 |
| ROCE | 27.94 | 28.18 | 17.02 |
| RONW | 30.15 | 24.2 | 18.64 |
| PRE IPO(PE) | 5.36 | 0 | 0 |
| POST IPO(PE) | 10.15 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Founded in 2000, Mandeep Auto Industries Limited is a leading manufacturer and supplier of sheet metal components, auto parts, sprocket gears, and machined components. Its products serve a wide range of industries, including automobiles, tractors, material handling, railways, defense, and machine tools. With a team of skilled professionals specializing in press and machining components, the company maintains ISO 14001:2015 and ISO 9001:2015 certifications, ensuring top-quality standards and strong environmental management practices. Mandeep Auto Industries serves both domestic and global OEMs in the automobile sector, with a client list that includes J.L Auto Parts Pvt. Ltd., Tube Investments of India Limited, Rockman Industries Limited, Manvi Automobiles, and Jain Industrial Products Private Limited. With 54 full-time employees and additional contract laborers, the company remains dedicated to delivering high-quality products and exceptional service to its valued clients.
Strengths
- Skilled Leadership: Mandeep Auto Industries is guided by experienced promoters and a capable management team, ensuring strategic decision-making and smooth operations.
- Versatile Product Line: Offering sheet metal components, auto parts, and machined components , the company serves multiple industries, enhancing its market adaptability and stability.
- Trusted Industry Partnerships: Strong, long-term relationships with clients and suppliers highlight the company’s reliability, supporting steady growth and access to quality resources.
Risk factors
- Regulatory Risks: Operating without a factory license on agricultural land may lead to legal and operational challenges, affecting business continuity.
- Short Business Track Record: A limited operational history could make it harder to attract investors or secure favorable financing, impacting future growth.
- Land Dependency Issues: Expansion plans relying on agricultural land may face uncertainties related to land acquisition, regulatory approvals, and environmental concerns , potentially slowing down growth.
Promoters
Mr. Gurpal Singh Bedi
Mrs. Nidhi Bedi
Mr. Rajveer Bedi
Registrar & documents
Lead manager
Jawa Capital Services Private Limited
Registrar & contacts
Cameo Corporate Services Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No 26,Nangla Faridabad-121001
+91-129-2440045
[email protected]Company website ↗Understanding MANDEEP IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.