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mandeep auto industries ipo

Mandeep Auto Industries IPO

  • Status: Closed
  • RHP:
  • ₹ 134,000 / 2000 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    21 May 2024

  • Listing Price

    ₹ 62.25

  • Listing Change

    -7.09%

  • Last Traded Price

    ₹ 36.15

IPO Details

  • Open Date

    13 May 2024

  • Close Date

    15 May 2024

  • IPO Price Range

    ₹ 67

  • IPO Size

    ₹ 25.25 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    21 May 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Mandeep Auto Industries IPO Subscription Status

Last Updated: 22 May 2024 10:32 AM by 5Paisa

Last Updated: 15th May, 2024 by 5paisa

Mandeep Auto Industries Limited IPO is all set to open from 13th May to 15th May 2024. The company makes and supplies sheet metal components, auto parts, and more. The IPO includes a fresh issue of 3,768,000 shares worth ₹25.25 cr. The share allotment date is 16th May 2024, and the IPO will be listed on 21st May 2024 on the stock exchanges. The price band is ₹67 and the lot size is 2000 shares.    

Jawa Capital Services Private Limited is the book-running lead manager for this IPO, while  Cameo Corporate Services Limited is the registrar. 

Objectives of Mandeep Auto Industries IPO

Mandeep Auto Industries Limited plans to utilize the raised capital from the IPO to:
●    To meet the working expenditure requirement to expand the current manufacturing unit in Nangla, Faridabad, Haryana by constructing a building on the adjacent land and buying Machinery, etc. 
●    To repay or prepay borrowings obtained by the company. 
●    To meet the working Capital requirement.
●    General Corporate Purposes.

Mandeep Auto IPO Size

Types Size (₹Cr)
Total IPO size 25.25
Offer for sale -
Fresh issue 25.25

Mandeep Auto IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2000 ₹134,000
Retail (Max) 1 2000 ₹134,000
HNI (Min) 2 4000 ₹268,000

Mandeep Auto IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
Market Maker 1 1,90,000 1,90,000 1.27
NII 61.54 17,89,000 11,00,94,000 737.63
Retail 90.57 17,89,000 16,20,36,000 1,085.64
Total 77.23 35,78,000 27,63,14,000 1,851.30

Mandeep Auto Industries makes and supplies sheet metal components, auto parts, and all types of sprocket gears and machined components. These are used in a wide range of industries like tractor, automobiles, material handling & earth moving equipment, railways, defense, machine tools, DIY industry, and more.   

The company also has ISO 9001:2015 and ISO 14001:2015 certifications for quality. It has marquee domestic and global OEMs in the automobile sector. 

Peer Comparison

●    Kranti Industries Limited
●    Porwal Auto Components Limited
●    Lumax Auto Technologies Limited

For More Information:
Webstory on Mandeep Auto Industries IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 29.08 21.89 15.63
EBITDA 2.20 1.44 1.25
PAT 1.04 0.65 0.50
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 19.63 12.97 10.50
Share Capital 4.53 4.13 2.80
Total Borrowings 15.09 8.84 7.69
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities -1.71 -1.34 -3.52
Net cash from / (used in) investing activities -0.12 -0.22 -0.42
Net cash flow from / (used in) financing activities 1.82 1.59 3.59
Net increase (decrease) in cash and cash equivalents -0.016 0.024 -0.35


Strengths

1.    The company has a long-standing relationship with clients and suppliers.
2.    It has a Strong & experienced R&D team. 
3.    The company has a Wide range of Products. 
4.    The company also maintains high quality with ISO 9001:2015 and ISO 14001:2015 certifications. 
5.    Experienced Promoters and management team.
 

Risks

1.    The manufacturing process involves the use of hazardous and flammable industrial chemicals.
2.    It has a very limited operating history. 
3.    The company’s top clients account for more than 82.47% of the revenue.
4.    High working capital requirements.
5.    It has reported negative cash flow in the past. 

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FAQs

Mandeep Auto Industries IPO opens from 13th May to 15th May 2024.
 

The size of Mandeep Auto Industries IPO is ₹25.25 cr. 

To apply for Mandeep Auto Industries IPO, follow the steps given below
●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for Mandeep Auto Industries IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
You will receive a mandate notification to block funds in your UPI app.

The price band of Mandeep Auto Industries IPO is fixed at ₹67 per share. 

The minimum lot size of Mandeep Auto Industries IPO is 2000 shares and the investment required is ₹1,34,000.

The share allotment date of Mandeep Auto Industries IPO is 16th May 2024.

The Mandeep Auto Industries IPO will be listed on 21st May 2024.

Jawa Capital Services Private Limited is the book-running lead manager for Mandeep Auto Industries IPO.

Mandeep Auto Industries plans to utilize the raised capital from the IPO to:

●    To meet the working expenditure requirement to expand the current manufacturing unit in Nangla, Faridabad, Haryana by constructing a building on the adjacent land and buying Machinery, etc. 
●    To repay or prepay borrowings obtained by the company. 
●    To meet the working Capital requirement.
●    General Corporate Purposes.