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Open
13 May 2024
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Close
15 May 2024
3
Allotment
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Listing
Tue, May 21, 2024
Price Band
₹67 per share
Issue Size
37,68,000 shares (agg. up to ₹25 Cr)
Lot Size
2,000 Shares
Listing Date
Tue, May 21, 2024
Latest GMP
₹4
Est. Gain
5.97%
✦ AI Insight
GMP Trend
21-05-2024₹4Est. ₹71+5.97%
20-05-2024₹4Est. ₹71+5.97%
19-05-2024₹4Est. ₹71+5.97%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 75.54x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 24.25 | 19.63 | 12.98 | 10.50 |
| Total Income | 16.57 | 29.79 | 21.90 | 15.63 |
| Profit After Tax | 2.15 | 1.05 | 0.65 | 0.50 |
| NET Worth | 8.21 | 4.54 | 4.14 | 2.80 |
| Reserves and Surplus | 1.64 | |||
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Emmforce Autotech Ltd. | SME | ₹53.90 Cr | ₹98 | 33.5 | ₹195.51 | +99.50% | ₹171.85 (-2.16%) |
| Thaai Casting Ltd. | SME | ₹47.20 Cr | ₹77 | 25.99 | ₹195.15 | +153.44% | ₹129.50 (+3.43%) |
| New Swan Multitech Ltd. | SME | ₹33.11 Cr | ₹66 | 9.32 | ₹131.67 | +99.50% | ₹43.50 (-2.25%) |
| ASK Automotive Ltd. | Mainboard | ₹833.91 Cr | ₹282 | 45.63 | ₹310.10 | +9.96% | ₹482.10 (-0.72%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | 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 our existing manufacturing unit, purchase of equipment/machineries, etc. | 9.08 |
| 2 | Repayment/prepayment of certain borrowings availed by our Company | 6.84 |
| 3 | Funding working capital requirements | 6.09 |
| 4 | General Corporate Purpose | 2.23 |
About Mandeep Auto Industries IPO
Incorporated in 2000, Mandeep Auto Industries Limited is involved in the manufacturing and supply of various products like sheet metal components, auto parts, sprocket gears, and machined components. These products have applications in a diverse range of industries such as automobiles, tractors, material handling and earth moving equipment, railways, defense, machine tools, and even the DIY industry. The company is supported by experienced professionals specialising in Press and Machining Components. Additionally, it holds both ISO 14001:2015 and ISO 9001:2015 certifications. The company's client list includes both domestic and global OEMs in the automobile sector. Some of the prominent clients are M/s J.L Auto Parts Pvt. Ltd. (Faridabad, Haryana), M/s Tube Investments of India Limited (Chennai, Tamil Nadu), M/s Rockman Industries Limited (Saket, New Delhi), M/s Manvi Automobiles (Faridabad, Haryana), and M/s Jain Industrial Products Private Limited (Hissar, Haryana).). As of November 2023, the company employs 54 people and has 15 contract labourers.+ Read More
Contact Details
Mandeep Auto Industries Ltd. AddressPlot No 26NanglaFaridabad, Haryana, 121001+91-129-2440045info@mandeepautoindustries.comVisit Website