Mandeep Auto Industries Limited IPO
- IPO Date13 May, 2024 to 15 May, 2024
- Listing Date21 May, 2024
- Face Value₹10 per share
- Issue Price₹67 to ₹67 per share
- Lot Size2000 Shares
- Minimum Investment₹1,34,000
- Listing AtNSE SME
- Total Issue Size37,68,000 Shares
(aggregating up to ₹25.25 Cr) - Fresh Issue37,68,000 Shares
(aggregating up to ₹25.25 Cr)
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue65,69,894
- Shareholding post issue1,03,37,894
IPO Dates
Closing Date
15 May, 2024
Initiation of Refunds
17 May, 2024
Listing Date
21 May, 2024
13 May, 2024
Opening Date
16 May, 2024
Basis of Allotment
17 May, 2024
Credit of Shares
Mandeep Auto Industries Limited Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,34,000 |
| Retail (Max) | 1 | 2000 | ₹1,34,000 |
| HNI (Min) | 2 | 4000 | ₹2,68,000 |
Mandeep Auto Industries Limited Promoter Holding
The Promoters of the company are Mr. Gurpal Singh Bedi, Mrs. Nidhi Bedi and Mr. Rajveer Bedi
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 99.97% | 63.53% |
Mandeep Auto Industries Limited COMPANY INFORMATION
Mandeep Auto Industries IPO is a fixed price issue of Rs 25.25 crores. The issue is entirely a fresh issue of 37.68 lakh shares. Mandeep Auto Industries IPO opens for subscription on May 13, 2024 and closes on May 15, 2024. The allotment for the Mandeep Auto Industries IPO is expected to be finalized on Thursday, May 16, 2024. Mandeep Auto Industries IPO will list on NSE SME with tentative listing date fixed as Tuesday, May 21, 2024. Mandeep Auto Industries IPO price is ₹67 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹134,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹268,000. Jawa Capital Services Private Limited is the book running lead manager of the Mandeep Auto Industries IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for Mandeep Auto Industries IPO is Aftertrade Broking. Refer to Mandeep Auto Industries IPO RHP for detailed information.
Incorporated in 2000, Mandeep Auto Industries Limited is involved in the manufacturing and supply of various products like sheet metal components, auto parts, sprocket gears, and machined components. These products have applications in a diverse range of industries such as automobiles, tractors, material handling and earth moving equipment, railways, defense, machine tools, and even the DIY industry.
The company is supported by experienced professionals specialising in Press and Machining Components. Additionally, it holds both ISO 14001:2015 and ISO 9001:2015 certifications.
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 employs 54 people and has 15 contract labourers.
FAQs About Mandeep Auto Industries Limited Ipo
Mandeep Auto Industries Limited IPO will open on 13 May, 2024 and close on 15 May, 2024. Investors must apply within this period to participate.
The Mandeep Auto Industries Limited IPO price band is set between ₹67.00 and ₹67.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹134000.00.
The Mandeep Auto Industries Limited IPO shares are expected to be listed on 21 May, 2024, subject to regulatory approvals and final allotment.
You can track your Mandeep Auto Industries Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Mandeep Auto Industries Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.