Mandeep Auto Industries Limited

Company Profile
Company Name Mandeep Auto Industries Limited
Open Date 13-05-2024
Close Date 15-05-2024
Exchange NSE SME
Lot Size 2000 Shares
Issue Price ₹67 per share
Issue Size 37,68,000 shares
Application Amount ₹1,34,000
Recommendation Risk Averse investors should wait and Risk Seekers should apply
Mandeep Auto Industries was established in the year 2000 as a sole proprietorship in Faridabad, Haryana. It initially started with sheet metal components and currently manufactures and sells auto parts, machined components, and various sprocket gears. The company sells these products to well-known OEM Companies operating in Military, Railroads or Auto-Parts Manufacturing Industry. The company operates mostly in the northern region of the country and plans to enter other regions as well. As on May 06 2024, the company had 54 employees under its payroll and 15 contract labourers.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Dec-23
Total Assets 1,050.14 1,297.78 1,963.10 2,424.68
Net Assets 280.41 413.61 453.53 820.79
Total Borrowings 401.81 527.55 829.83 820.84
Total Revenue 1,563.49 2,189.73 2,978.73 2,171.15
Profit After Tax 49.83 64.71 104.93 236.55

Tentative Timeline

Opening Date 13-05-2024
Closing Date 15-05-2024
Basis of Allotment 16-05-2024
Initiation of Refunds 17-05-2024
Credit of Shares to Demat 17-05-2024
Listing Date 21-05-2024

Objects of the Issue

Expansion of the existing Manufacturing Facility 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.
General Corporate Purposes.

Contact Information

Registered Office Mandeep Auto Industries Limited Plot No 26, Nangla Faridabad-121001
Phone +91-129-2440045

Registrar Details

Name Cameo Corporate Services Limited
Phone +91-44-28460390

IPO Reservation

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%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 99.97%
Share Holding Post Issue (Promoters) 63.53%

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