Mandeep Auto Industries Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹4(5.97%)
Premium (ELP)
The Initial Public Offering of Mandeep Auto Industries Limited's culminated in its successful listing on May 21, 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 May 13, 2024 to May 15, 2024 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on May 16, 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.
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."
- 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.
- 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.
- Mr. Gurpal Singh Bedi
- Mrs. Nidhi Bedi
- Mr. Rajveer Bedi
Mandeep Auto Industries Limited
Cameo Corporate Services Limited