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SME IPO Status: Upcoming [13th May 2024 to 15th May 2024]
Mandeep Auto Industries IPO, a SME IPO of ₹25.25 Cr opens for subscription from 13-05-2024 to 15-05-2024. The IPO consists of ₹25.25 Cr fresh issue.
The face value is Rs 10 and the price band is fixed at 67.00 per share. You can apply to the Mandeep Auto Industries SME IPO for a minimum lot of 2000 shares amounting of Rs 134000.
The tentative listing date on the exchange (NSE SME) is 21-05-2024.Stay tuned with us to get more details about Mandeep Auto Industries SME IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.
| SME IPO Issue Opening Date: | 13th May 2024 |
| SME IPO Issue Closing Date: | 15th May 2024 |
| SME IPO Issue Price: | ₹67.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50% of the Net Issue |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹25.25 Cr |
| Fresh Issue: | ₹25.25 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 99.97% |
| Promoter Holding Post IPO: | 63.53% |
Get important updates regarding Mandeep Auto Industries SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 16th May 2024 |
| Refunds Initiation* | 17th May 2024 |
| Credit of Shares to Demat* | 17th May 2024 |
| SME IPO Listing Date* | 21st May 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹67.00 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹134000 |
| Min HNI Lots: | 4000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 08-05-2024 | 67.00 | 10 | 15200 | ₹77 (14.93%) | 9-May-2024 0:29 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Mandeep Auto Industries Limited was incorporated in April 2023. Currently, the company is engaged in manufacturing and supplying sheet metal parts, auto parts and all types of gears and machined components that find application in various industries like tractors, automobiles, material handling and earth moving equipment, railroads, defense, machine tools, home improvement etc. Etc.
They manufacture these products in their Production Unit (as defined below). The Company believes that its manufacturing facilities have advanced technologies to design and manufacture products that meet the stringent quality control requirements of its customers. The Company also manufactures customized components that meet the specific requirements and uses of customers with a high degree of precision in terms of quality and time and with personalized services to its strong customer base in India.
The company focuses on consistently expanding its product portfolio by developing new designs. The company values a long-term relationship with its customers and does most of its business with returning customers. The company is in constant touch with its customers by reaching out to them personally and informing them about its capabilities and strengths.
| Incorporation | Sector | IPO Issue Size | Website |
| 2023 | Auto Components & Equipments | ₹25.25 Cr | https://www.mandeepautoindustries.com/ |
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 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 | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Mandeep Auto Industries Limited | 6.6 | 6.6 | 10.15 | 26.19 | Standalone | |
| Kranti Industries Ltd | 1.95 | 1.95 | 38.39 | 8.49 | Standalone | |
| Porwal Auto Components Ltd. | -0.68 | -0.68 | -96.59 | -1.75 | Standalone | |
| Lumax Auto Technologies Ltd. | 10.79 | 10.79 | 44.24 | 12.62 | Standalone |
Last Updated on 09-May-2024 00:32:53
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Mandeep Auto Industries SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Mandeep Auto Industries SME IPO with Zerodha.
Alternate approch to apply in Mandeep Auto Industries SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Mandeep Auto Industries SME IPO Review and Important Updates
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To subscribe or apply in Mandeep Auto Industries SME IPO, you can use the following methods:
| Mandeep Auto Industries SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Mandeep Auto Industries SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Mandeep Auto Industries SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Mandeep Auto Industries SME IPO. Most of the Syndicate Banks provide access to apply in Mandeep Auto Industries IPO via ASBA process. You must have your net banking access, DP ID information to apply in Mandeep Auto Industries SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Mandeep Auto Industries SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Mandeep Auto Industries SME IPO Review and Important Updates
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Mandeep Auto Industries SME IPO is going to be list on 21-05-2024.
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Mandeep Auto Industries SME IPO Allotment Date is 16-05-2024.
Other relevant questions:
Mandeep Auto Industries SME IPO share allotment date?Mandeep Auto Industries SME IPO allotment date?
