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20 Nov 2024
Mandeep Auto Industries Limited IPO
The company 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, defense, machine tools, DIY industry. It manufactures these products from the Manufacturing Unit. Its manufacturing facilities have advanced technologies to develop and manufacture the products that adhere to the stringent quality control requirements of customers. It also manufactures customized components as per customer specific requirements and use, with high degree of precision both in quality and time with personalized services to a strong customer base in India. It is a preferred partner for the two wheeler industry for specialized products.
Its focus is to consistently expand product portfolio by developing new designs. The company believes that it shares a longstanding relationship with customers and receives the majority of business from repetitive clients. 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 price is ₹67 per share. The minimum lot size for an application is 2000 Shares. 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 After Trade Broking.
Mandeep Auto Industries IPO Overview
| Detail | Description |
|---|---|
| IPO Date | May 13, 2024 to May 15, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹67 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,768,000 shares (aggregating up to ₹25.25 Cr) |
| Fresh Issue | 3,768,000 shares (aggregating up to ₹25.25 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 6,569,894 |
| Share holding post issue | 10,337,894 |
| Market Maker portion | 190,000 shares After trade Broking |
Mandeep Auto Industries IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Monday, May 13, 2024 |
| IPO Close Date | Wednesday, May 15, 2024 |
| Basis of Allotment | Thursday, May 16, 2024 |
| Initiation of Refunds | Friday, May 17, 2024 |
| Credit of Shares to Demat | Friday, May 17, 2024 |
| Listing Date | Tuesday, May 21, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 15, 2024 |
Mandeep Auto Industries IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹134,000 |
| Retail (Max) | 1 | 2000 | ₹134,000 |
| HNI (Min) | 2 | 4,000 | ₹268,000 |
Mandeep Auto Industries IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 190,000 (5.04%) |
| Other Shares Offered | 1,789,000 (47.48%) |
| Retail Shares Offered | 1,789,000 (47.48%) |
| Total Shares Offered | 3,768,000 (100%) |
Mandeep Auto Industries IPO Promoter Holding
| Share Holding Pre Issue | 99.97% |
| Share Holding Post Issue | 63.53% |
Company & Financials
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 specializing 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., M/s Tube Investments of India Limited, M/s Rockman Industries Limited, M/s Manvi Automobiles and M/s Jain Industrial Products Private Limited.
Mandeep Auto Industries Limited Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 2,424.73 | 1,963.15 | 1,297.81 | 1,050.17 | ||||||||||||||||||||||||||||||||||||
| Revenue | 1,656.76 | 2,978.74 | 2,189.73 | 1,563.49 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 214.93 | 104.91 | 64.69 | 49.81 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 820.80 | 453.54 | 413.61 | 280.42 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 163.81 | |||||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
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 |
Objectives of Mandeep Auto Industries IPO
The objectives of the present issue of Equity Shares are:
- ● 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.
Mandeep Auto Industries IPO Review
The company is in the business of specialized auto components and enjoys preferred partner tag from two wheeler industry. It marked steady growth in its top and bottom lines. It is expanding its capacities to meet the rising demand. Based on FY24 annualized earnings, the issue is fully priced. Investors may park funds for the medium to long term rewards.
FAQs for Mandeep Auto Industries IPO
-
What Is The Size Of The Mandeep Auto Industries IPO?
The offer size of Mandeep Auto Industries is INR 25.25 crores, consisting of a fresh issue of 37,68,000 lakh shares. The company seeks funds to expand its Faridabad manufacturing facility, repay debt, fund working capital, and address general corporate needs.
-
What Is The Price Band Of The Mandeep Auto Industries IPO?
The price band of the issue is INR 67 per share.
-
What are the open and close dates for Mandeep Auto Industries Ltd IPO?
Mandeep Auto Industries Ltd IPO Opens for subscription from 13-May-2024 to 15-May-2024.
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What Is The Listing Date Of The Mandeep Auto Industries IPO?
The listing date of Mandeep Auto Industries IPO is May 21, 2024.
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What Is The Allotment Date Of Mandeep Auto Industries Limited?
The allotment date of the Mandeep Auto Industries Limited IPO is May 16, 2024.
RHP:
RHP of Mandeep Auto Industries Limited IPO
DRHP:
DRHP of Mandeep Auto Industries Limited IPO
-
What Is The Size Of The Mandeep Auto Industries IPO?
The offer size of Mandeep Auto Industries is INR 25.25 crores, consisting of a fresh issue of 37,68,000 lakh shares. The company seeks funds to expand its Faridabad manufacturing facility, repay debt, fund working capital, and address general corporate needs.
-
What Is The Price Band Of The Mandeep Auto Industries IPO?
The price band of the issue is INR 67 per share.
-
What are the open and close dates for Mandeep Auto Industries Ltd IPO?
Mandeep Auto Industries Ltd IPO Opens for subscription from 13-May-2024 to 15-May-2024.
-
What Is The Listing Date Of The Mandeep Auto Industries IPO?
The listing date of Mandeep Auto Industries IPO is May 21, 2024.
-
What Is The Allotment Date Of Mandeep Auto Industries Limited?
The allotment date of the Mandeep Auto Industries Limited IPO is May 16, 2024.
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