The IPO details for Mandeep Auto Industries are confirmed: The IPO is scheduled to open on April [.] and close on April [.] . Mandeep Auto Industries, a NSE SME IPO, aims to raise ₹25.25 crores through the IPO. The price band for the Mandeep Auto Industries IPO is fixed at ₹67 per share, with a market lot of 2000 shares.
Mandeep Auto Industries currently specializes in manufacturing and supplying a wide range of sheet metal components, auto parts, and various types of sprocket gears and machined components. These products have applications across diverse industries including tractors, automobiles, material handling & earth moving equipment, railways, defense, machine tools, and the DIY industry.
Their manufacturing operations are conducted at their advanced Manufacturing Unit, which is equipped with state-of-the-art technologies to design and produce products that meet the stringent quality control standards of their customers. They also have the capability to manufacture customized components tailored to the specific requirements and usage of their customers, ensuring both precision and timely delivery with personalized services to their extensive customer base across India.
The company’s strategic focus is on continuously expanding their product portfolio by developing new designs. They maintain long-standing relationships with their customers, with a significant portion of their business coming from repeat clients. Regular interactions with customers, coupled with updates on their capabilities and strengths, are key aspects of their marketing strategy. Additionally, their sales team collaborates closely with customers to gather insights and feedback on emerging industry trends, enabling them to enhance and innovate their products to meet evolving market demands.
IPO Date | April [.], 2024 |
Listing Date | April [.], 2024 |
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 |
IPO Open Date | April [.] 2024 |
IPO Close Date | April [.] 2024 |
Basis of Allotment | April 2024 |
Refunds | April 2024 |
Credit to Demat Account | April 2024 |
IPO Listing Date | April 2024 |
KPI | Values |
---|---|
ROE | 8.45% |
ROCE | 9.03% |
Debt/Equity | 1.25 |
RoNW | 8.45% |
P/BV | 0 |
The objects of the present issue of Equity Shares are:
Mandeep Auto Industries Limited’s revenue increased by 36.03% and profit after tax (PAT) rose by 62.17% between the financial year ending with March 31, 2023 and March 31, 2022.
Period Ended | 31 Aug 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
Assets | 2,131.31 | 1,963.15 | 1,297.81 | 1,050.17 |
Revenue | 510.27 | 2,978.74 | 2,189.73 | 1,563.49 |
Profit After Tax | 55.89 | 104.91 | 64.69 | 49.81 |
Net Worth | 661.77 | 453.54 | 413.61 | 280.42 |
Reserves and Surplus | 4.78 | |||
Amount in ₹ Lakhs |
₹ in Crores | |||
---|---|---|---|
Year | Revenue | Expense | PAT |
2021 | ₹0.12 | ₹0.25 | ₹0.13 |
2022 | ₹2.53 | ₹1.95 | ₹0.58 |
2023 | ₹5.38 | ₹4.28 | ₹0.79 |
Dec 2023 | ₹17.62 | ₹12.93 | ₹3.51 |