Mandeep Auto Industries Limited IPO
Mandeep Auto Industries Limited IPO
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The Initial Public Offering of Mandeep Auto Industries Limited's culminated in its successful listing on 21-05-2024 at the NSE trading platform. The company secured 37,68,000 Shares through this capital market exercise, with 37,68,000 Shares allocated to new capital formation.
Investors participated within the price parameters of ₹67 to ₹67, with minimum investment requirements of 2000 shares. The subscription period from 13-05-2024 to 15-05-2024 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on 16-05-2024. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Mandeep Auto IPO About Company
Founded in 2000, Mandeep Auto Industries Limited is a leading manufacturer and supplier of sheet metal components, auto parts, sprocket gears, and machined components. Its products serve a wide range of industries, including automobiles, tractors, material handling, railways, defense, and machine tools. With a team of skilled professionals specializing in press and machining components, the company maintains ISO 14001:2015 and ISO 9001:2015 certifications, ensuring top-quality standards and strong environmental management practices. Mandeep Auto Industries serves both domestic and global OEMs in the automobile sector, with a client list that includes J.L Auto Parts Pvt. Ltd., Tube Investments of India Limited, Rockman Industries Limited, Manvi Automobiles, and Jain Industrial Products Private Limited. With 54 full-time employees and additional contract laborers, the company remains dedicated to delivering high-quality products and exceptional service to its valued clients.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Mandeep Auto IPO Strength Factors
- Skilled Leadership: Mandeep Auto Industries is guided by experienced promoters and a capable management team, ensuring strategic decision-making and smooth operations.
- Versatile Product Line: Offering sheet metal components, auto parts, and machined components, the company serves multiple industries, enhancing its market adaptability and stability.
- Trusted Industry Partnerships: Strong, long-term relationships with clients and suppliers highlight the company’s reliability, supporting steady growth and access to quality resources.
Mandeep Auto IPO Risk Factors
- Regulatory Risks: Operating without a factory license on agricultural land may lead to legal and operational challenges, affecting business continuity.
- Short Business Track Record: A limited operational history could make it harder to attract investors or secure favorable financing, impacting future growth.
- Land Dependency Issues: Expansion plans relying on agricultural land may face uncertainties related to land acquisition, regulatory approvals, and environmental concerns, potentially slowing down growth.
Mandeep Auto IPO Lead Manager(s)
- Jawa Capital Services Private Limited
Mandeep Auto IPO Promoter(s)
- Mr. Gurpal Singh Bedi
- Mrs. Nidhi Bedi
- Mr. Rajveer Bedi
Mandeep Auto IPO FAQs
Mandeep Auto Industries Limited IPO subscribed 76.09 times. The public issue subscribed 90.49 times in the retail category,--times in QIB, and -- times in the HNI (10+) category byNovember 26, 2025 10:31:57 AM (Day 26).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Mandeep Auto IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Mandeep Auto IPO FAQs
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