Mandeep Auto IPO

Mandeep Auto Industries Ltd

₹1,34,000 /2000 sharesMinimum Investment

Mandeep Auto IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
--₹67.00₹62.25-₹4.75 (7.09%)
Mandeep Auto IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
13 May ‘24 - 15 May ‘24₹1,34,0002,000₹67 - ₹67
Issue SizeIPO Doc
25.25CrRHP PDF
About the company
Mandeep Auto Industries Ltd is in the business of manufacturing and supplying sheet metal components, auto parts, and various types of sprocket gears and machined components. These products have a wide range of applications across diverse industries, including tractors, automobiles, material handling and earth-moving equipment, railways, defense, machine tools, and the DIY industry. It is located in Faridabad, Haryana.
The company is ISO 9001:2015 certified. Currently, the company sells its products to customers in North India, i.e, Haryana, Uttar Pradesh, Uttarakhand, Punjab, and Delhi.;Managing director
Mr. Gurpal Singh Bedi
Parent organisation
Mandeep Auto Industries Ltd
Strength and risksStrengths
Risks
Mandeep Auto manufactures a wide range of machine components. These include Ring Sprocket 42T, Activa Self Gear, CNG Cover Plate, Sprag Clutch RE, Sprag Clutch, Honda Gear Kick, Yamaha Gear Kick B7J, Yamaha Gear Kick, Discover 14 teeth, and a variety of press components. These products cater to a large customer base in the domestic market
The company has adequate power supply arrangements for lighting and operating the machinery/equipment at its manufacturing unit from Dakshin Haryana Bijli Vitran Nigam. It has a load sanction of 340 KW. It also has a 250 KVA diesel generating set as an alternate power backup arrangement.
The company’s total income has been rising consistently over the years. It has risen from Rs 15.63 crore in FY21 to Rs 21.89 crore in FY22, Rs 29.08 crore in FY23. During this same period, the profit after tax (PAT) too climbed from Rs 0.50 crore in FY21 to Rs 0.65 crore in FY22 to Rs 1.05 crore in FY23.
The company’s revenue stream is diversified across multiple geographical locations in India. For the period ending January 31, 2024 and fiscal years ending March 2023, 2022 and 2021, around 83.50%, 72.98%, 75.55% and 80.71% of its total revenue came from sales in top 10 geographical regions in India.
As per the RHP, the company has well-established relationships with several domestic and global OEMs (Original Equipment Manufacturers) in the automobile sector, including 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).
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹67 - 67₹2 Lakh
High Networth Individual₹67 - 67₹2 - 5 Lakh
For Mandeep Auto IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
--	₹67.00	₹62.25	-₹4.75 (7.09%)

Bidding Dates	Min. Investment	Lot Size	Price Range
13 May ‘24 - 15 May ‘24	₹1,34,000	2,000	₹67 - ₹67

Issue Size	IPO Doc
25.25Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹67 - 67	₹2 Lakh
High Networth Individual	₹67 - 67	₹2 - 5 Lakh

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