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.
Mandeep Auto Industries IPO – Details
| IPO Opening Date | 13 May 2024 |
| IPO Closing Date | 15 May 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 37,68,000 Shares Worth ₹25.25 Crore Fresh Issue: 37,68,000 Shares Worth ₹25.25 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹67 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Cameo Corporate Services Limited |
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Mandeep Auto Industries IPO – Date Schedule
| IPO Open Date | 13 May 2024 |
| IPO Close Date | 15 May 2024 |
| Basis of Allotment | 16 May 2024 |
| Initiation of Refund | 17 May 2024 |
| Credit of Shares to Demat Account | 17 May 2024 |
| IPO Listing Date | 21 May 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 15, 2024 |
Mandeep Auto Industries IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 2000 | ₹1,34,000 |
| Retail (Maximum) | 1 | 2000 | ₹1,34,000 |
| HNI (Minimum) | 2 | 4000 | ₹2,68,000 |
Competitive Strengths
- Experienced Promoters and Management Team.
- Wide range of Products.
- Long-standing relationship with clients and suppliers.
- Quality standards.
- Legacy Business Process & Management.
- Strong and experienced R&D team.
Company Promoters
- Mr. Gurpal Singh Bedi
- Mrs. Nidhi Bedi
- Mr. Rajveer Bedi
Object Of The Issue
- 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.
- To meet expenses related to the Issue.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2021 | 15.63 | 14.37 | 0.49 |
| 31 March 2022 | 21.89 | 20.45 | 0.64 |
| 31 March 2023 | 29.78 | 27.57 | 1.04 |
| 31 December 2023 | 16.56 | 13.16 | 2.14 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 30.15% |
| ROCE | 27.94% |
| Debt/Equity | 1 |
| RoNW | 25.97% |
| P/BV | 5.36 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 6.6 | 2.77 |
| P/E (x) | 10.15 | 21.97 |
Mandeep Auto Industries IPO Promoter Holding
| Pre Issue Share Holding | 99.97% |
| Post Issue Share Holding | 63.53% |
Mandeep Auto Industries IPO Prospectus
Company Contact Information
| Mandeep Auto Industries Limited Plot No 26, Nangla Faridabad-121001 Phone: +91-129-2440045 Email: info@mandeepautoindustries.com Website: https://www.mandeepautoindustries.com/ |
Mandeep Auto Industries IPO Registrar
| Cameo Corporate Services Limited Phone: +91-44-28460390 Email: ipo@cameoindia.com Website: https://ipo.cameoindia.com/ |
Mandeep Auto Industries IPO Lead Manager(s)
| 1. Jawa Capital Services Private Limited |
Mandeep Auto Industries IPO FAQs
| What is Mandeep Auto Industries IPO Mandeep Auto Industries IPO is a SME IPO. The issue is priced at ₹67 per equity share. The IPO is to be listed on NSE SME. |
| When Mandeep Auto Industries IPO will open? The IPO is to open on 13 May 2024 for Retails – 50.00% and Other – 50.00% Investors. |
| How to Mandeep Auto Industries IPO? You can apply for Mandeep Auto Industries 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 the Mandeep Auto Industries IPO through 5 Paisa? Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Mandeep Auto Industries”. 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 a Demat Account with 5 Paisa. |
| How to Apply the Mandeep Auto Industries IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Mandeep Auto Industries”. 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 Edelweiss. |
| 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. |
| What is Mandeep Auto Industries IPO Minimum and Maximum Lot Size? The minimum bid is 2000 Shares with ₹1,34,000 amount while the maximum bid is 2000 shares with ₹1,34,000. |
| What is the Mandeep Auto Industries IPO Allotment Date? Mandeep Auto Industries IPO allotment date is 16 May 2024. |
| What is the Mandeep Auto Industries IPO Listing Date? Mandeep Auto Industries IPO listing date is 21 May 2024. The IPO is to list on NSE SME. |
