JNK India IPO is opening for subscription on April 23, 2024, and closing on April 25,…
Mandeep Auto Industries IPO GMP, IPO Price Band, IPO Lot Size
Mandeep Auto Industries IPO is opening for subscription on April, 2024, and closing on April, 2024. This NSE SME IPO aims to raise ₹25.25 crores, with a 100% Fresh Issue of 3,768,000 equity shares, each with a face value of ₹10. The price band for the Mandeep Auto Industries IPO is fixed at ₹67 Per Share, with a market lot of 2000 Shares. The allocation for this IPO is as follows: 50% for retail investors, and 50% for high-net-worth individuals (HNI). Mandeep Auto Industries IPO Allotment will done on April, 2024, and Mandeep Auto Industries IPO listing date is April, 2024.
Mandeep Auto Industries Company Profile
Mandeep Auto Industries currently operates in the manufacturing and supply of sheet metal components, auto parts, sprocket gears, and machined components, catering to various industries including tractors, automobiles, material handling & earth moving equipment, railways, defense, and machine tools. Their manufacturing unit is equipped with advanced technologies to ensure high-quality products that meet stringent quality control standards. Additionally, they specialize in customized components based on customer-specific requirements.
The company’s strategy revolves around expanding its product portfolio through new designs and maintaining long-term relationships with its customers. They actively engage with clients to understand industry trends and requirements, allowing them to continuously improve and develop their products.
Mandeep Auto Industries IPO GMP
Mandeep Auto Industries IPO Objectives
The funds raised through the IPO will be utilized for:
- 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
- General Corporate Purpose
Mandeep Auto Industries IPO Key Details
- Mandeep Auto Industries IPO Open Date: April, 2024
- Mandeep Auto Industries IPO Close Date: April, 2024
- Mandeep Auto Industries IPO Size: Approximately ₹25.25 crores, 3,768,000 Equity Shares
- Face Value: ₹10 Per Equity Share
- Mandeep Auto Industries IPO Price Band: ₹67 Per Share
- Mandeep Auto Industries IPO Listing on: NSE SME IPO
- Retail Quota: 50% of the net offer
- NII Quota: 50% of the net offer
Mandeep Auto Industries IPO Timeline
- Mandeep Auto Industries IPO Open Date: April, 2024
- Mandeep Auto Industries IPO Close Date: April, 2024
- Basis of Allotment: April, 2024
- Refunds: April, 2024
- Credit to Demat Account: April, 2024
- Mandeep Auto Industries IPO Listing Date: April, 2024
How to Apply for Mandeep Auto Industries IPO
Investors can apply for the Mandeep Auto Industries IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.
Mandeep Auto Industries Financial Performance (in Crores)
- Year 2021: Revenue ₹1563.49, Expense ₹1437.72, PAT ₹49.81
- Year 2022: Revenue ₹2189.73, Expense ₹2045.61, PAT ₹64.69
- Year 2023: Revenue ₹2978.74, Expense ₹2757.81, PAT ₹104.91
- Aug 2023: Revenue ₹510.27, Expense ₹412.46, PAT ₹55.89
Mandeep Auto Industries Valuation FY2024
- Earning Per Share (EPS): ₹21.57 per Equity Share
- Price/Earning P/E Ratio: 3.11
- Return on Net Worth (RoNW): 8.45%
- Net Asset Value (NAV): ₹10.07 per Equity Share
Mandeep Auto Industries Peer Group
- Kranti Industries Limited
- Porwal Auto Components Limited
- Lumax Auto Technologies Limited
Mandeep Auto Industries Company Promoters
- Mr. Gurpal Singh Bedi
- Mrs. Nidhi Bedi
- Mr. Rajveer Bedi
Mandeep Auto Industries IPO Registrar
Cameo Corporate Services Limited
Cameo Corporate Services Ltd.,
Subramanian Building # 1, Club House Road,
Chennai 600 002 – India
Website: https://ipo.cameoindia.com/
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Mandeep Auto Industries IPO Allotment Status Check
- Check the Mandeep Auto Industries IPO allotment status on the Cameo Corporate Services website.
Mandeep Auto Industries IPO Allotment Link
- Check the Mandeep Auto Industries IPO allotment on the ipogmp.org website.
Mandeep Auto Industries IPO Lead Managers (Merchant Bankers)
- Jawa Capital Services Private Limited
Mandeep Auto Industries Company Address
Plot No 26, Nangla
Faridabad,Haryana-121001
India
Website: https://www.mandeepautoindustries.com/
Phone: +91-129-2440045
Email: info@mandeepautoindustries.com
Mandeep Auto Industries IPO FAQs
What is Mandeep Auto Industries IPO?
Mandeep Auto Industries IPO is an NSE SME IPO. They are going to raise ₹25.25 crores via IPO. The issue is priced at ₹67 Per share. The IPO is to be listed on NSE.
When will the Mandeep Auto Industries IPO open?
The IPO is to open on April, 2024, for NII, and Retail Investors.
What is Mandeep Auto Industries IPO Investors Portion?
The investors’ portion for QIB is [.]%, NII is 50%, and Retail is 50%.
How to Apply for the Mandeep Auto Industries IPO?
You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply Mandeep Auto Industries IPO through Zerodha?
For those using Zerodha, the application process involves logging into the Zerodha Console, selecting the IPO under the Portfolio section, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with Zerodha may be necessary for some applicants. Open Demat Account with Zerodha.
How to Apply the Mandeep Auto Industries IPO through Alice Blue?
Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.
How to Apply for the Mandeep Auto Industries IPO through Motilal Oswal?
Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.
What is Mandeep Auto Industries IPO Size?
Mandeep Auto Industries IPO size is ₹25.25 crores.
What is Mandeep Auto Industries IPO Price Band?
Mandeep Auto Industries IPO Price Band is ₹67 Per share.
What is Mandeep Auto Industries IPO Minimum and Maximum Lot Size?
The IPO bid is 2000 Shares with ₹134,000.
What is Mandeep Auto Industries IPO Allotment Date?
Mandeep Auto Industries IPO allotment date is April, 2024.
What is Mandeep Auto Industries IPO Listing Date?
Mandeep Auto Industries IPO listing date is April, 2024. The IPO to list on NSE SME IPO.
Related Articles
The views and investment tips expressed by experts on kunjcapital.com are their own and not those of the website or its management. Kunjcapital.com advises users to check with certified experts before making any investment decisions. *Services related to Advisory on Kunjcapital.com are not running by kunjcapital.com and they are proposed services, Sebi Registration Awaited.Share this:
Related Posts
This Post Has 0 Comments