IPO Launch Date, Evaluation, Pricing, and Allocation Particulars of Mandeep Auto Industries

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.

Mandeep Auto Industries IPO Details

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

Mandeep Auto Industries IPO Timeline (Tentative Schedule)

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

Key Performance Indicator

KPI Values
ROE 8.45%
ROCE 9.03%
Debt/Equity 1.25
RoNW 8.45%
P/BV 0

Objects of the Issue (Mandeep Auto Industries IPO Objectives)

The objects 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 Limited Financial Information (Restated Standalone)

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

Mandeep Auto Industries Company Financial Report

₹ 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

Company Promoters

  • Mr. Gurpal Singh Bedi
  • Mrs. Nidhi Bedi
  • Mr. Rajveer Bedi